New TDS Rates in simple format
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New TDS rates applicable from 1st October, 2010
Section : 192 Head : Income from Salaries Threshold Limit : -nil- For individual /HUF : average rate Other Entity : not applicable
Section : 194A Head : Interest from a banking company Threshold Limit : Rs. 10,000/- For individual /HUF : 10 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted) Other Entity : 20 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted)
Section : 194A Head : Interest other than a banking company Threshold Limit : Rs. 5,000/- For individual /HUF : 10 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted) Other Entity : 20 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted)
Section : 194C Head : Payments to Contractors Threshold Limit : Rs. 20,000/- per contract or Rs. 50,000/- p.a. For individual /HUF : 1 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted) Other Entity : 2 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted)
Section : 194C Head : Payments to Contractors / Sub-contractor in transport business Threshold Limit : Rs. 20,000/- per contract or Rs. 50,000/- p.a. For individual /HUF : nil (if PAN quoted), 1 % (if PAN not quoted) Other Entity : nil if PAN quoted), 2 % (if PAN not quoted)
Section : 194C Head : Payments to Sub-contractors / Advertising contractors Threshold Limit : Rs. 20,000/- per contract or Rs. 50,000/- p.a. For individual /HUF : 1 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted) Other Entity : 2 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted)
Section : 194I Head : Rent on Plant & Machinery Threshold Limit : Rs. 1, 20,000/- p.a. For individual /HUF : 2 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted) Other Entity : 2 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted)
Section : 194I Head : Rent other than Plant & Machinery Threshold Limit : Rs. 1, 20,000/- p.a. For individual /HUF : 10 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted) Other Entity : 10 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted)
Section : 194IJ Head : Fees for Professional / technical services Threshold Limit : Rs. 20,000/- p.a. For individual /HUF : 10 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted) Other Entity : 10 % (if PAN quoted), Sec 206AA will apply (if PAN not quoted) *** Section 206 AA: If deductee fails to furnish PAN to deductor, the deductor shall apply highest of the following rates for deducting TDS:- - at the rate specified in the relevant provision of this Act; or - at the rate or rates in force; or - at the rate of 20%. |
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