Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

CA AYUSH AGRAWAL (Kolkata-Pune-Mumbai)     10 September 2011

TDS rate chart latest

 

 

With effect from 1-4-2010, the deductee shall furnish his PAN (Permanent Account Number) to deductor, failing which tax at the below rates of TDS or at the rate of  20% whichever is higher shall be deducted at source. Where PAN provided to the deductor is invalid or does not belong to the deductee, it shall be deemed that deductee has not furnish his PAN to the deductor and higher rate of TDS as mentioned below shall be applicable.

No surcharge, education cess and secondary and higher education cess is leviable for the financial year 2010-11 onwards for TDS purposes in case of payment to resident. But inrespect of TDS on salary, cess will be leviable.

TDS Rates Chart assessment year 2012-13 or financial year 2011-12 (ay 12-13 / fy 11-12)

Relevant Section

Nature of Payment (to resident)

ThresholdLimit

Individual HUF

(Resident in India)

Company Firm/Co-op Sec. Local Authority (Domestic Company)

192

Payment of salary to a resident/non-resident

 

Normal Income Tax Rates: SeeIncome Tax Slab

 

193

Interest on securities

 

10

10

194

Deemed dividends  u/s 2(22)(e)

 

10

10

194A

Interest other than Interest on securities

5000

10

10

194B

Lottery or crossword puzzle or card game or other game of any sort.

10000

30

30

194BB

Horse races

5000

30

30

194C

Contracts/sub-contracts

30000

1

2

194D

Insurance Commission

20000

10

10

194EE

Payment in respect of deposits under NSS

2500

20

-

194F

Payment on account of repurchase of units of MF or UTI

1000

20

10

194G

Commission on sale of lottery tickets

1000

10

10

194H

Commission or brokerage

5000

10

10

194-I

Rent  of Plant and Machinery

180000

2

2

 

Rent of Land or Building or Furniture and Fitting

180000

10

10

194J

Fees for professional or technical services

30000

10

10

194LA

Payment of compensation to a resident on acquisition of certain immovable property

100000

10

10

Notes: we.f. 1.10.2009, no TDS is to be deducted on payment to a contractor/sub-contractor, during the course of business of plying, hiring or leasing goods carriages, if the payee furnishes his PAN to the deductor [sec. 194C(6)] -

-  Etaxindia

 

 



 7 Replies

CA RITIKA CHHABRA

CA RITIKA CHHABRA (ca)     10 September 2011

keep sharing such useful info..

SANYAM ARORA

SANYAM ARORA (“It's hard to beat a person who never gives up.”)     10 September 2011

Thanks a lot for sharing such a beautiful forum........!!!!!

GAUTAM DEY

GAUTAM DEY (Be Patient, Live Life)     10 September 2011

VERY USEFUL POST

KEEP SHARING


(Guest)

thank  you very much!!

CS Bijoy

CS Bijoy (Expert)     12 September 2011

Good post very helpful keep sharing

srinivass

srinivass (CA Final)     12 September 2011

thanks for sharing valuable information

1 Like
Subrat Kumar Nayak

Subrat Kumar Nayak (Accounts Officer)     25 June 2013

dear sir,

I want tds rate chart for the finanancial year 2013-14 & tds rule & regulation, pls reply me through my mail id: subratnk481 @ gmail.com


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags