TDS on Interest w.e.f.1-10-09

Section

Nature of Payment

Threshold Limit (in Rs.)

An Individual, HUF, BOI, AOP Payments

Firm

A Co-op.Soc., Local Authority

Domestic Company

Foreign Company

Payments

< 1 crore

> 1 crore

192

Salary

*

Normal

Rate

N.A.

N.A.

N.A.

N.A.

N.A.

* after considering deduction u/Ch VIA – Male : Rs. 1,60,000; Female : Rs. 1,90,000; Senior citizen : Rs. 2,40,000

193

Interest on Securities

(i) Interest on    

Debentures or

securities (Listed)

2,500

10

10

10

10

20.6

 21.115

(ii) Interest on 8% Savings

(Taxable) Bonds,

2003

10,000 

10

10

10

10

20.6

21.115

(iii) Any Other

Interest on

securities

(Unlisted)

Any Amount

10

10

10

10

20.6

21.115

194

Dividend other than dividend covered by Section 115-O

2,500

10

10

10

10

20.6

21.115

194A

Interest other than interest on securities (cases other than below) -Where the payer is-

5,000 

10

10 

10

10

20.6

21.115

(I) Banking company  

10,000 

10

10

10

10

20.6

21.115

(ii) Co-operative

Society engaged

in banking

10,000

10

10 

10

10

20.6

21.115

(iii) Post office under a deposit scheme a deposit scheme framed by Central

Government

10,000

10

10

10

10

20.6

21.115

194B

Winning from Lotteries 

5,000

30  

30

30

30 

30.9

31.673

194BB

Winnings from Horse Races

2,500

30

30

30

30 

30.9

31.673

194C

Payment to Contractors

20,000**

for all cases

A Up to 30.09.2009  Advertisement

Contracts

1

1 

1

1

1.03

1.088

Sub-Contractors Payments

1

1

1

1 

1.03

1.088

Other Contracts

2

2

2

2

2.06

2.175

B W.E.F. 1.10.2009 All Contracts (Other

then Transport

Contract)  

1

2

2

2

2.06

2.175

Transport Contract $

Nil

Nil

Nil

Nil

Nil

Nil

** The payments in a year in excess of Rs. 50,000 in a year also attracts TDS at above rates

$ The Nil rate is applicable only if the PAN details are obtained from the Transport Contractors

194D

Insurance Commission

5,000 

10

10

10

20 

NA

NA

194E

Non-Resident sportsman/sports

association/s

Any Amount

10.3

NA

10.3

NA

10.3

10.558

194EE

Deposits under NSS and if the payment is to

 



2,500

Resident

20

NA

NA

NA

NA

NA

Non-Resident

20.60

NA

NA

NA

NA

NA

194F

Repurchase of units of MF/UTI

Any Amount

Resident

20

NA

NA

NA

NA

NA

Non-Resident

20.60

NA

NA

NA

NA

NA

194G

Commission on sale of

lottery tickets to

1,000

Resident

10

10

10

10

10.3

10.558

Non-Resident

10.3

10.3

10.3

10.3

NA

NA

194H

Commission or brokerage Brokerage to resident

2,500

10

10

10

10

NA

NA

194I

Rent to Resident

A Up to 30.09.2009 Rent for

120,000

(a) machinery/

plant/

equipments

paid to

10 

10

10

10 

NA

NA

(b) For Land/

Building

15 

20

20

20

NA

NA

B W.E.F. 1.10.2009

Rent for

120,000

(a) machinery/

plant/

equipments

paid to

2

2

2

2

NA

NA

(b) For Land/

Building  

10

10

10

10 

NA

NA

194J

Fees for Professional Fees

20,000

10

10

10

10 

NA

NA

Technical Services to

Resident

194LA

Compensation to Resident for compulsory

acquisition of

immovable property

100,000

10

10  

10

10

NA

NA

196B

Income from units (including long-term capital gain on transfer

of such units) to an offshore fund

—

NA 

NA

NA  

NA

10.3

10.558

196C

Income from foreign currency bonds or GDR of Indian company

—

NA

NA 

NA

NA

10.3

10.558

196D

Income of FII from Securities not being dividend, long-term and short-term capital gain

—

NA

NA

NA

NA

20.6

21.115

TCS RATES FOR THE A.Y. 2010-11 (in %)

Section

Nature of Payment

Threshold Limit (in Rs.)

An Individual, HUF, BOI, AOP Payments

Firm

A Co-op.Soc., Local Authority

Domestic Company

Foreign Company

Payments

206C

Scrap

Any Amount

1

1

1

1

1.03

1.0875

206C

Tendu leaves

Any Amount

5

5

5

5

5.15

5.279

206C

Timber and Other Forest Produce

Any Amount

2.5

2.5

2.5

2.5

2.575

2.640

206C

Alcoholic liquor for

Any Amount

1

1

1

1

1.03

1.088

206C

Receipts for 

arrangement Lease, Licence plaza, mining

and other such

agreements for quarrying parking lot, toll plaza, mining and quarrying

Any Amount

2 

2

2

2

2.06

2.175