T.D.S Querry

TDS RATES FOR ACCOUNTING YEAR 2009-10 ONWARDS

TDS RATES APPLICABLE FROM 01.10.2009

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

194-C

Payment to transport contractor / sub contractor

If PAN not quoted

*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 %

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 %

Note :

Surcharge ,Education Cess and Health Cess is not applicable for TDS.
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
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