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NEW TDS RATES FROM 01.10.2009 PASSED IN FINANCE ACT(2) 2009 PAS
Particulars NEW TDS RATES%
Section Nature of Payment CUT OFF AMOUNT INDL/HUF OTHER
194A Interest from a Banking Company Rs. 10,000/- p.a 10.00
194A Interest other than from a Banking Co. Rs. 5,000/- p.a 10.00
194C Payment to sub-contrctor/Advertisement contracts Rs.20,000/- per contra
194C other Contractors Rs.20,000/- per contract or Rs. 50,000/- p.a 1.00 2.00
194C transport contractors engaged in business of plying, hiring or leasing good
194H Commission or Brokerage Rs. 2,500/- p.a 10.00
194I Rent other than Plant, Mach.& Eqp. Rs. 1,20,000/- p.a 10.00
194I Rent of Plant , Machinery & Equipments Rs. 1,20,000/- p.a 2.00
194J Professional Charges Rs.20,000/-p.a 10.00
* The nil rate will be applicable if the transporter quotes his PAN. If PAN is not q
** The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the d
No surcharge and cess is to be added from 01.04.2009 on tax deducted on non
VARIOUS SITUATION SURCHARGE CESS APPLICABILITY
STATUS PAYMENT SUR CHARGE CESS
Resident Corporate Other than Salaries N N
Resident Non-corporate Other than Salaries N N
Resident Non- Corporate Salaries N Y
Non-Resident Corporate <= 1 crore N Y
Non-Resident Corporate > 1 crore Y Y
Non-Resident Non-Corporate
NY
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http://www.simpletaxindia.org/2009/07/new-tds-rate-fy-09-10-after-budget.html
TCS RATES FOR FINANCIAL YEAR
Particulars TCS RATES%
Section Nature of Payment CUT OFF AMOUNT INDL/HUF OTHER
206C Scrap - 1.00% 1.00%
206C Tendu Leaves - 5.00% 5.00%
206C Timber obtained under a forest lease or other mode - 2.50% 2.50%
206C Any other forest produce not being a Timber or tendu leave - 2.50% 2.50%
206C Alcoholic Liquor for Human Consumption - 1.00% 1.00%
206C Paking lot, toll plaza, mining & quarrying - 2.00% 2.00%
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NEW TDS RATES FROM 01.04.2009 to 30.09.2009 PROPOSED IN BUDGET
Particulars Rates in %
Section Nature of Payment Criteria for Deduction (payment in excess of) Payme
194A Interest from a Banking Company Rs. 10,000/- p.a 10.00
194A Interest other than from a Banking Co. Rs. 5,000/- p.a 10.00
194C Contractors, (Advertising Contracts) & payment to sub-contrctor Rs.20,00
194C Contractors & CF Agents (Others) Rs.20,000/- per contract or Rs. 50,000
194H Commission or Brokerage Rs. 2,500/- p.a 10.00 10.00
194I Rent other than Plant, Mach.& Eqp. Rs. 1,20,000/- p.a 15.00 20.00
194I Rent of Plant , Machinery & Equipments Rs. 1,20,000/- p.a 10.00 10.00
194J Professional Charges Rs.20,000/-p.a 10.00 10.00
No surcharge and cess is to be added from 01.04.2009 on tax deducted on non
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Read TDS Rate Applicability : Frequently Asked Questions
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www.simpletaxindia.org
NEW TDS RATES FROM 01.04.2009 to 30.09.2009 PROPOSED IN BU
Particulars Rates in %
Section Nature of Payment Criteria for Deduction (payment in excess o
194A Interest from a Banking Company Rs. 10,000/- p.a 10.00
194A Interest other than from a Banking Co. Rs. 5,000/- p.a 10.00
194C Contractors, (Advertising Contracts) & payment to sub-contrctor R
194C Contractors & CF Agents (Others) Rs.20,000/- per contract or Rs
194H Commission or Brokerage Rs. 2,500/- p.a 10.00 10.00
194I Rent other than Plant, Mach.& Eqp. Rs. 1,20,000/- p.a 15.00 20.00
194I Rent of Plant , Machinery & Equipments Rs. 1,20,000/- p.a 10.00 1
194J Professional Charges Rs.20,000/-p.a 10.00 10.00
No surcharge and cess is to be added from 01.04.2009 on tax deducted
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Read TDS Rate Applicability : Frequently Asked Questions
In which cases surcharge on TDS rates is NOT applicable ?
• On all payment to residents
• On all payment to non-corporate non-residents
• On all payments to foreign corporate if total payment is less than 1 Cro
In which cases surcharge on TDS rates is applicable ?
• On all payments to foreign corporate if total payment is more than 1 C
In which cases Education Cess, Secondary and Higher Education Cess
• On all payments to residents except salaries payment
In which cases Education Cess, Secondary and Higher Education Cess
• On salaries
• On all payment to non-residents and foreign companies
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If you have any point in your mind regarding above then use comment s
HUF OTHER
p.a 10.00
Rs.20,000/- per contract or Rs. 50,000/- p.a 1.00 2.00
50,000/- p.a 1.00 2.00
g, hiring or leasing goods carriages. Nil *
p.a 10.00
00/- p.a 2.00
his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% for oth
N is not quoted by the deductee w.e.f. 1.04.2010
on tax deducted on non-salary payments made to resident taxpayers. It means that surcharges &
0-changes-in-tds-rates/
9-10-after-budget.html
HUF OTHER
de - 2.50% 2.50%
ndu leave - 2.50% 2.50%
OPOSED IN BUDGET 2009 PRESENTED ON 06/07/2009
p.a 10.00
sub-contrctor Rs.20,000/- per contract or Rs. 50,000/- p.a 1.00 1.00
contract or Rs. 50,000/- p.a 2.00 2.00
on tax deducted on non-salary payments made to resident taxpayers.It means that Surcharges &
INDL/HUF OTHER
000/- p.a 10.00
. 5,000/- p.a 10.00
ontracts Rs.20,000/- per contract or Rs. 50,000/- p.a 1.00 2.00
ct or Rs. 50,000/- p.a 1.00 2.00
of plying, hiring or leasing goods carriages. Nil *
quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2
s, if PAN is not quoted by the deductee w.e.f. 1.04.2010
04.2009 on tax deducted on non-salary payments made to resident taxpayers. It means that surch
PLICABILITY
-2009-10-changes-in-tds-rates/
rate-fy-09-10-after-budget.html
INDL/HUF OTHER
-----------------
04.2009 on tax deducted on non-salary payments made to resident taxpayers.It means that Surch
Questions
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ompanies
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eans that Surcharges & cess is not be included in basic TDS rates ,while deduction tds , in case o
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HUF transporter and 2% for other transporters upto 31.3.2010
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ers.It means that Surcharges & cess is not be included in basic TDS rates ,while deduction tds ,
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s situation are tabulated in table given below
deduction tds , in case of payments to resident person/domestic company only .So in case of pay
s various situation are tabulated in table given below
s ,while deduction tds , in case of payments to resident person/domestic company only .So in cas
only .So in case of payment to Non resident and non -omestic company surcharge and Cess is a
ompany only .So in case of payment to Non resident and non -omestic company surcharge and C
surcharge and Cess is also to be included while calculating TDS amount .
mpany surcharge and Cess is also to be included while calculating TDS amount .