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Tds on unsecured loan

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(Querist)
06 November 2011 Please guide me, what is the threshold limit for TDs on interst on unsecured loan and what is the tax deduction rate ?
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
06 November 2011 Threshold limit is Rs 10000 in case the payer is Banking company or Co-operative society engaged in the business of banking or post office on deposits..

In any other case limit is Rs.5000

The rate applicable is 10%in case the recepient is Individual or HUF , in any other case it is 20%
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DEVENDER THAKUR

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DEVENDER THAKUR (Querist)
06 November 2011 thanks sir
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
06 November 2011 Interest other than interest on securities TDS rate 10% either HUF or indvidual or company.it pan not avalable then 20% applicable.
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DEVENDER THAKUR

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DEVENDER THAKUR (Querist)
06 November 2011 Tnaks very much sir
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