Hi Frined, Pls find below the TDS rate for the FY 2009-10. Section HEAD Threshold Individual /HUF Any Other
Limit Entity
192 Income from Salary 0 Average Tax rate N.A.
194A Interest from a Rs. 10,000/- p.a 10% 20%
Banking Company 194A Interest other than from Rs. 5,000/- p.a 10% 20%
a Banking Co. 194C Payment to Contractors Rs.20,000/- per 1% 2% contract or Rs. 50,000/- p.a 194C Contractor / Sub-contractor - Nil Nil in transport business ( If PAN Quoted)
194C Contractor / Sub-contractor - 1% 2%
in transport business ( If PAN not Quoted)
194C Payment to Sub-Contract Rs.20,000/- per contract 1% 2%
/ Adv Contract or Rs. 50,000 p.a 194I Rent on Plant / Machinery Rs. 1,20,000/- p.a 2% 2%
194I Rent Other then Rs. 1,20,000/- p.a 10% 10% Plant / Machinery
194J Fees for Professional / Rs.20,000/-p.a 10% 10% Technical Services
194B Winning from Lotteries 30% 30%
& Puzzles 194B Winning from Horse Races 30% 30%
194E Non-resident Sportsman or 10% 10% Sports Association
194G Commission on Sale of 10% 10%
Lottery Tickets 194H Commission/Brokerage Rs. 2,500/- p.a 10% 10%
TAX TO BE COLLECTED AT SOURCE (TCS)
Scrap 1% 1%
Tendu Leaves 5% 5%
Timber obtained under a 2.50% 2.50% forest lease or other mode
Alcoholic Liquor for Human Consumption 1% 1%
Note:-
• TDS rates Proposed in Budget’09 Presented on July 6th, 2009 are effective from 1.10.2009
• • No surcharge or Cess is applicable for TDS. Only the specified TDS rates should be considered for deduction.
• The nil rate will be applicable if the transporter quotes his PAN.
• TDS Rate when PAN not available: Section 206AA: 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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