TDS / TCS RATES FOR F.Y. 2010-11
(w.e.f. 1st July, 2010)
| Section | Nature of Payment | Threshold Limit of Payment | Individual /HUF | Others | ||
| 1 | 192 |
Income from Salary |
Women |
Rs. 1,90,000 | Average rate of Tax + edu. Cess (no surcharge) | Not Applicable |
|
Senior Citizen |
Rs. 2,40,000 | |||||
| Others | Rs. 1,60,000 | |||||
| 2 | 194A |
Interest from a Banking Company |
Rs. 10,000 per annum |
10% | 10% | |
| 3 | 194A |
Interest other than from a Banking Co. |
Rs. 5,000 per annum |
10% | 10% | |
| 4 | 194C |
Payment to Contractors; Sub-contractor; Advertising Contractors |
Rs. 30,000 per contract (or) |
1% | 2% | |
|
Rs. 75,000 per annum |
||||||
| 5 | 194-I |
Rent on Plant / Machinery |
Rs. 1,80,000 per annum | 2% | 2% | |
| 6 | 194-I |
Rent Other then Plant / Machinery |
Rs. 1,80,000 per annum |
10% | 10% | |
| 7 | 194J |
Fees for Professional / Technical Services |
Rs. 30,000 per annum |
10% | 10% | |
| 8 | 194B |
Winning from Lotteries & Puzzles |
Rs. 10,000 per annum | 30% | 30% | |
| 9 | 194BB |
Winning from Horse Races |
Rs. 5,000 per annum | 30% | 30% | |
| 10 | 194E |
Non-resident Sportsman or Sports Association |
- | 10% | 10% | |
| 11 | 194D |
Insurance Commission |
Rs.20,000 per annum |
10% | 10% | |
| 12 | 194G |
Commission on Sale of Lottery Tickets |
Rs.1000 |
10% | 10% | |
| 13 | 194H |
Commission/Brokerage |
Rs. 5,000 per annum |
10% | 10% | |
| 14 | 206C |
Scrap |
- |
1% | 1% | |
| 15 | 206C |
Tendu Leaves |
- |
5% | 5% | |
| 16 | 206C |
Timber obtained under a forest lease or other mode |
- |
2.50% | 2.50% | |
| 17 | 206C |
Any other forest produce not being a Timber or tendu leave |
- |
2.50% | 2.50% | |
| 18 | 206C |
Alcoholic Liquor for Human Consumption |
- |
1% | 1% | |
| 19 | 206C |
Packing lot, toll plaza, mining & quarrying |
- |
2% | 2% | |
Interest on delay in deposit of tax after deduction
| Stage of deduction |
Existing Rate Upto 30.06.2010
|
New Rate w.e.f. 01.07.2010 |
|
From date when deductible till actual deduction |
1% | 1% |
|
From date of deduction till payment |
1% |
1.5% |
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