TDS
This query is : Resolved
18 December 2009
Hi,
Anyone pl help me,
Pl Give me the new TDS rates.
Thanx in advance
sri
Anyone pl help me,
Pl Give me the new TDS rates.
Thanx in advance
sri
Murtaza I Bhagat
(Expert)
18 December 2009
give me your address I will send it tds w.e.f 01.10.09
Murtaza I Bhagat
(Expert)
18 December 2009
Its in doc. format.
CMA Ramesh Krishnan
(Expert)
18 December 2009
TDS RATES
APPLICABLE FROM 01.10.2009
Section Code Nature of Payment Threshold Limit to deduct tax If the recipient is other than Individual / HUF In case recipient is an Individual / HUF
192 Payment of Salary and Wages TDS is deducted if the estimated income of the employee is taxable. N.A. Income Tax at the applicable rate on the estimated income of employee for the year.
193 Payment of Interest on Securities Rs. 5,000/- p.a. 20% 10%
194-A Interest other than interest on securities Rs.10,000/- p.a. 20% 10%
Interest from Banking Company
194-A Interest other than interest on securities Rs.5,000/- p.a. 20% 10%
Interest other than from Banking Company
194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 2% 1%
194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 2% 1%
194-C Payment to transport contractor / sub contractor If PAN Quoted NIL NIL
194-C Payment to transport contractor / sub contractor If PAN not quoted 2% 1%
*20% from 01.04.2010 *20% from 01.04.2010
194-H Payment of commission or brokerage to resident Rs.2,500/- p.a. 10% 10%
194-I Payment of Rent Rs.1,20,000/- p.a. 10% 10%
194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a. 2% 2%
194-J Payment of professional or technical services Rs.20,000/- p.a. 10% 10%
Note:
1. Surcharge, Education Cess and SHE Cess is not applicable for TDS.
2. w.e.f 01-10-2009, the nil rate will be applicable if the transporter quotes his PAN.If PAN is not quoted the rate will be 1% for an individual/HUF transporter and 2% for other transporters up to 31-03-2010
3. * The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f. 01-04-2010
APPLICABLE FROM 01.10.2009
Section Code Nature of Payment Threshold Limit to deduct tax If the recipient is other than Individual / HUF In case recipient is an Individual / HUF
192 Payment of Salary and Wages TDS is deducted if the estimated income of the employee is taxable. N.A. Income Tax at the applicable rate on the estimated income of employee for the year.
193 Payment of Interest on Securities Rs. 5,000/- p.a. 20% 10%
194-A Interest other than interest on securities Rs.10,000/- p.a. 20% 10%
Interest from Banking Company
194-A Interest other than interest on securities Rs.5,000/- p.a. 20% 10%
Interest other than from Banking Company
194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 2% 1%
194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 2% 1%
194-C Payment to transport contractor / sub contractor If PAN Quoted NIL NIL
194-C Payment to transport contractor / sub contractor If PAN not quoted 2% 1%
*20% from 01.04.2010 *20% from 01.04.2010
194-H Payment of commission or brokerage to resident Rs.2,500/- p.a. 10% 10%
194-I Payment of Rent Rs.1,20,000/- p.a. 10% 10%
194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a. 2% 2%
194-J Payment of professional or technical services Rs.20,000/- p.a. 10% 10%
Note:
1. Surcharge, Education Cess and SHE Cess is not applicable for TDS.
2. w.e.f 01-10-2009, the nil rate will be applicable if the transporter quotes his PAN.If PAN is not quoted the rate will be 1% for an individual/HUF transporter and 2% for other transporters up to 31-03-2010
3. * The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f. 01-04-2010
Murtaza I Bhagat
(Expert)
18 December 2009
nice explain
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Employee secondment
- GSTR9 Annual Return
- Applicability of tax on invoice
- Capital gain on commercial property and investment in residential property
- LLP audit and disclosure
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Gift to nri relatives resides in usa
- Rectification under processing even after 6 months cpc portal
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
