NEW TDS RATE FOR 2009-2010
TDS RATES FOR ACCOUNTING YEAR 2009-10 ONWARDS
TDS RATES APPLICABLE FROM 01.10.2009
| Section Code | Nature of Payment | Threshold Limit to deduct tax | In case recipient is an Individual / HUF | If the recipient is other than Individual / HUF |
| 194-A | Interest other than interest on securities Interest from Banking Company | Rs.10,000/- p.a. | 10 % | 20 % |
| 194-A | Interest other than interest on securities Interest other than from Banking Company | Rs.5,000/- p.a. | 10 % | 20 % |
| 194-C | Payment to Contractor | Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year | 1 % | 2 % |
| 194-C | Payment to Advertising Contractor / Sub Contractor | Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year | 1 % | 2 % |
| 194-C | Payment to transport contractor / sub contractor | If PAN Quoted | NIL | NIL |
| 194-C | Payment to transport contractor / sub contractor | If PAN not quoted | 1% *20% from 01.04.2010 | 2% *20% from 01.04.2010 |
| Section Code | Nature of Payment | Threshold Limit to deduct tax | In case recipient is an Individual / HUF | If the recipient is other than Individual / HUF |
| 194-H | Payment of commission or brokerage to resident | Rs.2,500/- p.a. | 10 % | 10 % |
| 194-I | Payment of Rent | Rs.1,20,000/- p.a. | 10% *20% from 01.04.2010 | 10% *20% from 01.04.2010 |
| 194-I | Payment of Rent for use of Plant , Machinery or Equipment | Rs.1,20,000/- p.a. | 2 % *20% from 01.04.2010 | 2 % *20% from 01.04.2010 |
| 194-J | Payment of professional or technical services | Rs.20,000/- p.a. | 10 % | 10 % |
Note:
- Surcharge, Education Cess and Health Cess is not applicable for TDS.
- w.e.f
- The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f.
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