Pl inform TDS rates wef 01/10/09 from Interest other than Int. on Sec. for Indl, HUF & others. In recooner only 10% rate given. Not specified whether the rate is for Indl. or Companies.
Pl inform TDS rates wef 01/10/09 from Interest other than Int. on Sec. for Indl, HUF & others. In recooner only 10% rate given. Not specified whether the rate is for Indl. or Companies.
| Originally posted by :aurangzaib khan | ||
| " | rate of tds on interest other than interest on security is 10 % if payment to all resident person. | " |
| TDS RATES FROM 01.10.2009 | ||||
| Rates in % | ||||
| CRITERIA FOR DEDUCTION | INDIVIDUAL and HUF | Payment To Other | ||
| SECTION | NATURE OF PAYMENT | (PAYMENT IN EXCESS OF) | ||
| 194A | Interest from a Banking Company | Rs. 10,000/- p.a | 10 | 20 |
| 194A | Interest other than from a Banking Co. | Rs. 5,000/- p.a | 10 | 20 |
| 194C | Payment to sub-contrctor/Advertisement contracts | Rs.20,000/- per contract or Rs. 50,000/- p.a | 1 | 2 |
| 194C | other Contractors | Rs.20,000/- per contract or Rs. 50,000/- p.a | 1 | 2 |
| 194C | Transport contractors engaged in the business of plying, hiring or leasing goods carriages. | Nil * | Nil | Nil |
| 194H | Commission or Brokerage | Rs. 2,500/- p.a | 10 | 10 |
| 194I | Rent other than Plant, Mach.& Eqp. | Rs. 1,20,000/- p.a | 10 | 10 |
| 194I | Rent of Plant , Machinery & Equipments | Rs. 1,20,000/- p.a | 2 | 2 |
| 194J | Professional/Technical Charges | Rs.20,000/-p.a | 10 | 10 |
| * The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% | ||||
| for other transporters upto 31.3.2010. | ||||
| ** The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010 | ||||
| No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers.It means that Surcharges & | ||||
| cess is not be included in basic TDS rates ,while deduction tds , in case of payments to resident person/domestic company only .So in case of payment to | ||||
| Non resident and non -domestic company surcharge and Cess is also to be included while calculating TDS amount . | ||||
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