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TDS rate chart for financial year 2007-08
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Common TDS Rates for FY 2007-08
| Nature of Payment | Rate (%) |
|---|---|
| Salaries | As per income slab |
| Interest on securities | 10% |
| Interest other than securities (e.g., bank interest) | 10% |
| Dividends | 10% |
| Payments to contractors/sub-contractors | 1% (individuals), 2% (others) |
| Rent for plant, machinery, equipment | 2% |
| Rent for land or building | 10% |
| Professional fees/Technical fees | 10% |
| Commission or brokerage | 10% |
| Payments to non-residents | 20% (plus surcharge and cess) |
Notes:
-
Threshold limits applied before deducting TDS (e.g., no TDS on interest if payment < Rs. 5,000).
-
Rates may vary for different categories of payees (individual, HUF, company).
-
Surcharge and cess applicable additionally on certain payments to non-residents.
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