tds rate
This query is : Resolved
biranchi narayan swain
(Querist)
30 November 2009
dear sir , kindly give me the details of tds rate for this fy
30 November 2009
dear narayan,
pls check the files. lot of details are available.
pls check the files. lot of details are available.
Gayathri Devi
(Expert)
30 November 2009
Section Code Nature of Payment Threshhold Limit to deduct tax In case recipient is an Individual / HUF If the recipient is other than Individual / HUF
194-A Interest other than interest on securities
Interest from Banking Company Rs.10,000/- p.a. 10 % 20 %
194-A Interest other than interest on securities
Interest other than from Banking Company Rs.5,000/- p.a. 10 % 20 %
194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 %
194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 %
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 1%
*20% from 01.04.2010 2%
*20% from 01.04.2010
Section Code Nature of Payment Threshhold Limit to deduct tax In case recipient is an Individual / HUF If the recipient is other than Individual / HUF
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%
*20% from 01.04.2010 10%
*20% from 01.04.2010
194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a. 2 %
*20% from 01.04.2010 2 %
*20% from 01.04.2010
194-J Payment of professional or technical services Rs.20,000/- p.a. 10 % 10 %
Note :
1. Surcharge ,Education Cess and Health 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
194-A Interest other than interest on securities
Interest from Banking Company Rs.10,000/- p.a. 10 % 20 %
194-A Interest other than interest on securities
Interest other than from Banking Company Rs.5,000/- p.a. 10 % 20 %
194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 %
194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 %
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 1%
*20% from 01.04.2010 2%
*20% from 01.04.2010
Section Code Nature of Payment Threshhold Limit to deduct tax In case recipient is an Individual / HUF If the recipient is other than Individual / HUF
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%
*20% from 01.04.2010 10%
*20% from 01.04.2010
194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a. 2 %
*20% from 01.04.2010 2 %
*20% from 01.04.2010
194-J Payment of professional or technical services Rs.20,000/- p.a. 10 % 10 %
Note :
1. Surcharge ,Education Cess and Health 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
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