TDS as Applicable wef 1st June, 2010

 

TDS(tax deducted at Source) Rate chart For Financial Year 2010-11
Made To resident Nature of payments Threshhold Limit Company, Firm, Co-op

Society,Local authority

 

 

HUF ,

Individual

Sr No. Section TDS Rates
1 194A Interest from a Banking company 10000 10% 10%
194A Interest other than from a Banking company 5000 10% 10%
2 194B     Winning from Lotteries 10000 30% 30%
3 194 BB Winning from Horse Race 5000 30% 30%
4 194 C Payment to Contractors,Pay to Advt /Sub-

Contractor, Payment to Transportor

30000 (75000 in a year) 2% 1%
5 194 D Insurance Commission 20000 10% 10%
6 194 H Commission/Brokerage 5000 10% 10%
7 194 I Rent-property 180000 10% 10%
194I Rent-Plant / Machinery 180000 2% 2%
8 194J Professional Fees 30000 10% 10%
Note -1 For Section 194C Rs. 20000/30000 for single payment & Rs. 50000/75000 for aggregate Payment during a financial year.
Note -2 Payment Made to Transportor ,Tds is Not required If pan is provided By the Transportor.
Note-3 Surcharge and Cess Is not applicable on tds from 01.04.2009 on any payment made to resident.
Note-4 If pan not provided by the deductee then rate as per above table or 20% which ever is higher is to be charged.(effective from 01.04.2010 section

206AA)

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3 Responses to “TDS as Applicable wef 1st June, 2010”

  1. Prashant Shetty Says:

    Please mail me TDS applicable rate and rules for F.Y: 2011-12. My mail skpee@rediffmail.com

  2. Prashant Shetty Says:

    Please mail me TDS applicable & Rules for F.Y: 2011-12

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