.
297 Points
Joined August 2009
Sr No
|
Section
|
HEAD
|
Threshold Limit
|
Individual /HUF
|
Any Other Entity
|
|
|
|
|
|
|
|
|
1 |
192 |
Income from Salary |
0 |
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%.
|