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TDS rate for the year 2009-2010
Human Resources » Attrition and Retention

Chrm Message From: divya_w Total Posts: 4 Join Date: 02/09/2009
Rank: Beginner Post Date: 02/09/2009 10:37:48 Points: 20 Location: India

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%


              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%

• 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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