TDS

NEW TDS RATES FROM 01.10.2009 PROPOSED IN BUDGET 2009 PRESENTED ON 06/07/2009
Particulars			NEW TDS RATES% IF DEDUCTEE IS
Section	Nature of Payment	CUT OFF AMOUNT	INDIVIDUAL and HUF	OTHER
194A	Interest from a Banking Company	Rs. 10,000/- p.a	10.00	20.00
194A	Interest other than from a Banking Co.	Rs. 5,000/- p.a	10.00	20.00
194C	Payment to sub-contrctor/Advertisement contracts	Rs.20,000/- per contract or Rs. 50,000/- p.a	1.00	2.00
194C	other Contractors	Rs.20,000/- per contract or Rs. 50,000/- p.a	1.00	2.00
194C	transport contractors engaged in the business of plying, hiring or leasing goods carriages.		Nil *
194H	Commission or Brokerage	Rs. 2,500/- p.a	10.00
194I	Rent other than Plant, Mach.& Eqp.	Rs. 1,20,000/- p.a	10.00
194I	Rent of Plant , Machinery & Equipments	Rs. 1,20,000/- p.a	2.00
194J	Professional Charges	Rs.20,000/-p.a	10.00
* 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 upto 31.3.2010
** The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010
***No surcharge and cess on tax deducted on non-salary payments made to

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