TDS Rates: The below given chart is about TDS Rates for f.y.2010-11, a.y. 2011-12 i.e from 1-4-2010 to 31-03-2011. The below give TDS after all amendments done by the CBDT notifications and circulars. The TDS rates chart has mentioned for all payment and about payee status to deduct TDS accordingly.
TDS Rates Chart
| Rates of TDS for major nature of payments for the Financial Year 2010-11 | |||||
| Particulars | Rates from 1.4.10 to 31.03.2011 | ||||
| Section | Nature of Payment |
Criteria for Deduction
(payment in excess of) upto 30th June 2010 |
Criteria for Deduction (payment in excess of) w.e.f. 1st July 2010 | If the recipient is a Company, Co- operative Society, Firm | If recipient is an Indivudual or HUF |
| 194 A | Interest from a Banking Company | Rs.10,000/- p.a | Rs.10,000/- p.a | 10.00 | 10.00 |
| 194 A |
Interest other than from a Banking
Co. |
Rs.5,000/- p.a | Rs.5,000/- p.a | 10.00 | 10.00 |
| 194 C | Contractors |
Rs.20,000/- per contract or
Rs.50,000/- p.a |
Rs.30,000/- per contract or Rs.75,000/- p.a | 2.00* | 1.00* |
| 194 H | Commission or Brokerage | Rs.2500/- p.a | Rs.5,000/- p.a | 10.00 | 10.00 |
| 194 I | Rent other than Plant, Mach.& Eqp. | Rs.1,20,000/- p.a | Rs.1,80,000/- p.a | 10.00 | 10.00 |
| 194 I | Rent of Plant , Machinery & Equipments | Rs.1,20,000/- p.a | Rs.1,80,000/- p.a | 2.00 | 2.00 |
| 194 J | Professional Charges | Rs.20,000/- p.a | Rs.30,000/- p.a | 10.00 | 10.00 |
* No tax is to be deducted in the case the Contractor is in transport business and PAN is Quoted by him
*Interest of late deposit of TDS is proposed to be increased from 12% p.a to 18% p.a effective from 1st July 2010. Notes: (1) Due date of payments is as under:
(a) Credit/Paid in the month of March – 30th April
(b) Any other case – On or before 7 days from the end of the month in which deduction is made.
(2) With effect from 1st April 2010, in case the receiver of the sum does not have PAN, then the deduction has to be made @ 20% or higher rate
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