Urgent TDS Chart
This query is : Resolved
CA Sumit Tayal
(Querist)
10 October 2009
Hello
Please give me NEW TDS CHART APPLICABLE FROM 1 OCTOMBER 2009
URGENT REPLY
SUMIT TAYAL
Please give me NEW TDS CHART APPLICABLE FROM 1 OCTOMBER 2009
URGENT REPLY
SUMIT TAYAL
M Prabhakar Menon
(Expert)
10 October 2009
"Sr
No" Section HEAD Threshold Limit Individual /HUF Any Other Entity
1 192 Income from Salary Average Tax rate N.A.
2 194A Interest from a Banking Company Rs. 10,000/- p.a 10% 20%
3 194A Interest other than from a Banking Co. Rs. 5,000/- p.a 10% 20%
4 194C Payment to Contractors Rs.20,000/- per contract or Rs. 50,000/- p.a 1% 2%
5 194C Contractor / Sub-contractor in transport business ( If PAN Quoted) - Nil Nil
6 194C Contractor / Sub-contractor in transport business ( If PAN not Quoted) - 1% 2%
7 194C Payment to Sub-Contract/Adv Contract Rs.20,000/- per contract or Rs. 50,000/- p.a 1% 2%
8 194I Rent on Plant / Machinery Rs. 1,20,000/- p.a 2% 2%
9 194I Rent Other then Plant / Machinery Rs. 1,20,000/- p.a 10% 10%
10 194J Fees for Professional / Technical Services Rs.20,000/-p.a 10% 10%
11 194B Winning from Lotteries & Puzzles 30% 30%
12 194B Winning from Horse Races 30% 30%
13 194E Non-resident Sportsman or Sports Association 10% 10%
14 194G Commission on Sale of Lottery Tickets 10% 10%
15 194H Commission/Brokerage Rs. 2,500/- p.a 10% 10%
TAX TO BE COLLECTED AT SOURCE (TCS)
16 Scrap 1% 1%
17 Tendu Leaves 5% 5%
18 Timber obtained under a forest lease or other mode 2.50% 2.50%
19 Any other forest produce not being a Timber or tendu leave
20 Alcoholic Liquor for Human Consumption 1% 1%
Note:-
TDS rates Proposed in Budget’09 Presented on July 6th, 2009  are effective from  1.10.2009
· No surcharge or Cess is applicable for TDS. Only the specified TDS rates should be considered for deduction.
The nil rate will be applicable if the transporter quotes his PAN.
TDS Rate when PAN not available: Section 206AA: If deductee fails to furnish PAN to deductor, the deductor shall apply highest of the following rates for deducting TDS:-
at the rate specified in the relevant provision of this Act; or
at the rate or rates in force;
or at the rate of 20%.
No" Section HEAD Threshold Limit Individual /HUF Any Other Entity
1 192 Income from Salary Average Tax rate N.A.
2 194A Interest from a Banking Company Rs. 10,000/- p.a 10% 20%
3 194A Interest other than from a Banking Co. Rs. 5,000/- p.a 10% 20%
4 194C Payment to Contractors Rs.20,000/- per contract or Rs. 50,000/- p.a 1% 2%
5 194C Contractor / Sub-contractor in transport business ( If PAN Quoted) - Nil Nil
6 194C Contractor / Sub-contractor in transport business ( If PAN not Quoted) - 1% 2%
7 194C Payment to Sub-Contract/Adv Contract Rs.20,000/- per contract or Rs. 50,000/- p.a 1% 2%
8 194I Rent on Plant / Machinery Rs. 1,20,000/- p.a 2% 2%
9 194I Rent Other then Plant / Machinery Rs. 1,20,000/- p.a 10% 10%
10 194J Fees for Professional / Technical Services Rs.20,000/-p.a 10% 10%
11 194B Winning from Lotteries & Puzzles 30% 30%
12 194B Winning from Horse Races 30% 30%
13 194E Non-resident Sportsman or Sports Association 10% 10%
14 194G Commission on Sale of Lottery Tickets 10% 10%
15 194H Commission/Brokerage Rs. 2,500/- p.a 10% 10%
TAX TO BE COLLECTED AT SOURCE (TCS)
16 Scrap 1% 1%
17 Tendu Leaves 5% 5%
18 Timber obtained under a forest lease or other mode 2.50% 2.50%
19 Any other forest produce not being a Timber or tendu leave
20 Alcoholic Liquor for Human Consumption 1% 1%
Note:-
TDS rates Proposed in Budget’09 Presented on July 6th, 2009  are effective from  1.10.2009
· No surcharge or Cess is applicable for TDS. Only the specified TDS rates should be considered for deduction.
The nil rate will be applicable if the transporter quotes his PAN.
TDS Rate when PAN not available: Section 206AA: If deductee fails to furnish PAN to deductor, the deductor shall apply highest of the following rates for deducting TDS:-
at the rate specified in the relevant provision of this Act; or
at the rate or rates in force;
or at the rate of 20%.
Taranjit Singh
(Expert)
10 October 2009
Follow this link for proper format.....
https://www.simpletaxindia.org/2009/07/new-tds-rate-fy-09-10-after-budget.html
https://www.simpletaxindia.org/2009/07/new-tds-rate-fy-09-10-after-budget.html
CA Sumit Tayal
(Querist)
10 October 2009
Thanx
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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?
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
