tds

TDS / TCS RATE CHART APPLICABLE FROM 01.10.2009

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%.