TDS rate chart for year 2011- 12

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Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2011 Please provide the details for deducting tax during issuing of payments

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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27 June 2011 TDS Rates Chart assessment year 2012-13 or financial year 2011-12 (ay 12-13 / fy 11-12)
Relevant Section Nature of Payment (to resident) Threshold Limit Individual HUF
(Resident in India) Company Firm/Co-op Sec. Local Authority (Domestic Company)
192 Payment of salary to a resident/non-resident Normal Income Tax Rates: See Income Tax Slab
193 Interest on securities 10 10
194 Deemed dividends u/s 2(22)(e) 10 10
194A Interest other than Interest on securities 5000 10 10
194B Lottery or crossword puzzle or card game or other game of any sort. 10000 30 30
194BB Horse races 5000 30 30
194C Contracts/sub-contracts 30000 1 2
194D Insurance Commission 20000 10 10
194EE Payment in respect of deposits under NSS 2500 20 -
194F Payment on account of repurchase of units of MF or UTI 1000 20 10
194G Commission on sale of lottery tickets 1000 10 10
194H Commission or brokerage 5000 10 10
194-I Rent of Plant and Machinery 180000 2 2
Rent of Land or Building or Furniture and Fitting 180000 10 10
194J Fees for professional or technical services 30000 10 10
194LA Payment of compensation to a resident on acquisition of certain immovable property 100000 10 10
Notes: we.f. 1.10.2009, no TDS is to be deducted on payment to a contractor/sub-contractor, during the course of business of plying, hiring or leasing goods carriages, if the payee furnishes his PAN to the deductor [sec. 194C(6)]

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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27 June 2011 for more information link is :-

http://www.etaxindia.org/2011/06/tds-rates-chart-a-y-2012-13f-y-2011-12.html

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2011 Dear sir,

thank u very much for the information

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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28 June 2011 welcome in ca club India.

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