Professional Documents
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TDS on Fees for Professional or Technical Services (including royalty and sum referred Revised Rate Card
to in section 28(va))- 194J TDS SC 10% Total EC 3% Total Effective Date
17 Payees other than Individual/HUF/AOP/BOI 1 10 1.00 11.00 0.330 11.330 1-Jun-07
18 Payees who are Individual/HUF/AOP/BOI (total income in a Year <= 10 Lacs) 2 10 10.00 0.300 10.300 1-Jun-07
19 Payees who are Individual/HUF/AOP/BOI (total income in a Year > 10 Lacs) 10 1.00 11.00 0.330 11.330 1-Jun-07
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Note:
1 Surcharge is applicable where the income or the aggregate of such incomes paid or likely to be paid and subject to the dedcution exceeds one crore rupees.
2 No surcharge is applicable.
3 Surcharge is applicable where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds ten lakh rupees.
4 In case of every company, other than a domestic company, surcharge is applicable at the rate of two and on-half per cent of such tax where the income or the aggregate of such incomes
paid or likely to be paid and subject to the deduction exceeds one crore rupees.
5 The witholding rates for payments made to Non-residents under section 195 would depend on the rates prescribed by the Treaty laws or domestic laws whichever is beneficial.
6 With effect from June 1, 2007 where the payer is a banking company, post office (for any deposit with post office under scheme framed by Central Government)
or a co-operative society, the provisions of Section 194A does not apply if the payment does not exceed Rs.10,000.
7 TDS not applicable to payments by individuals / HUF for personal purposes
8 Surcharge is applicable where the income or the aggregate of such income paid or likely to be paid and subject to the deduction :
a) exceeds ten lakh rupees where payee is individual or HUF;
b) exceeds one crore rupees where payee is other than individual or HUF.