TDS
This query is : Resolved
13 October 2009
Sir,
Can any body mail me Latest TDS Chart with Education Cess and Surcharge.
Thanking you
sunil_kumar10520@yahoo.com
Can any body mail me Latest TDS Chart with Education Cess and Surcharge.
Thanking you
sunil_kumar10520@yahoo.com
14 October 2009
APPLICABLE TDS RATES AND SURCHARGE FOR THE ASSESSMENT YEAR 2010-2011
Please find the following TDS Rates which is applicable from 01.10.1009:
TDS / TCS RATE CHART APPLICABLE FROM 01.10.2009
Sr No Section HEAD Threshold Limit Individual /HUF Any Other Entity
1 192 Income from Salary 0 Average Tax rate N.A.
2 194A Interest from a Banking Company Rs. 10,000/- p.a 10% 20%
3 194A Interest other than from a Banking Co. Rs. 5,000/- p.a 10% 20%
4 194C Payment to Contractors Rs.20,000/- per contract or Rs. 50,000/- p.a 1% 2%
5 194C Contractor / Sub-contractor in transport business ( If PAN Quoted) - Nil Nil
6 194C Contractor / Sub-contractor in transport business ( If PAN not Quoted) - 1% 2%
7 194C Payment to Sub-Contract/Adv Contract Rs.20,000/- per contract or Rs. 50,000/- p.a 1% 2%
8 194I Rent on Plant / Machinery Rs. 1,20,000/- p.a 2% 2%
9 194I Rent Other then Plant / Machinery Rs. 1,20,000/- p.a 10% 10%
10 194J Fees for Professional / Technical Services Rs.20,000/-p.a 10% 10%
11 194B Winning from Lotteries & Puzzles 30% 30%
12 194B Winning from Horse Races 30% 30%
13 194E Non-resident Sportsman or Sports Association 10% 10%
14 194G Commission on Sale of Lottery Tickets 10% 10%
15 194H Commission/Brokerage Rs. 2,500/- p.a 10% 10%
Applicability of surcharges on TDS Rates:
Status Payment Surcharge 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 Y Y
Non-Resident Non- Corporate N Y
There has been major changes with regard to surcharge, education cess, SHEC, after approval of the finance (No. 2) ACT, 2009.
Surcharge on Income Tax: -
Surcharge on income-tax for the assessment years 2009-2010 and 2010-11 will be as follows : -
A.Y. 2009-10 A.Y. 2010-11
Individual/HUF/AOP/BOI if net income does not exceed Rs. 10 Lakh NIL NIL
Individual/HUF/AOP/BOI if net income exceeds Rs. 10 Lakh 10% NIL
Artificial Juridical Person 10% NIL
Co-operative society, local authority NIL NIL
Firm if net income does not exceed Rs. 1 Crore NIL NIL
Firm if net income exceed Rs 1 Crore 10% NIL
Domestic company if net income doews not exceed Rs. 1 Crore NIL NIL
Domestic company if net income exceeds Rs. 1 Crore 10% 10%
Foreign Company if net income does not exceed Rs. 1 Crore NIL NIL
Foreign Company if net income exceeds Rs. 1 Crore 2.5% 2.5%
Surcharge, Education Cess in the case of TDS – For the F.Y. 2009-10, A.Y. 2010-11
Nature of Payment Whether surcharge is applicable Whether education cess @ 2% and SHEC @ 1% is applicable
Salary to a Resident or Non – Resident NO Yes
Payment other than salary to a resident NO NO
Payment other than salary to a non-resident not being foreign company NO YES
Payment other than salary to a foreign company (payment or credit subject to TDS does not exceed Rs. 1 Crore NO Yes
Payment other than salary to a foreign company (payment or credit subject to TDS exceeds Rs. 1 Crore) Yes @ 2.5 of TDS Yes
TDS Rates applicable w.e.f. 1-10-2009
Please find the following TDS Rates which is applicable from 01.10.1009:
TDS / TCS RATE CHART APPLICABLE FROM 01.10.2009
Sr No Section HEAD Threshold Limit Individual /HUF Any Other Entity
1 192 Income from Salary 0 Average Tax rate N.A.
2 194A Interest from a Banking Company Rs. 10,000/- p.a 10% 20%
3 194A Interest other than from a Banking Co. Rs. 5,000/- p.a 10% 20%
4 194C Payment to Contractors Rs.20,000/- per contract or Rs. 50,000/- p.a 1% 2%
5 194C Contractor / Sub-contractor in transport business ( If PAN Quoted) - Nil Nil
6 194C Contractor / Sub-contractor in transport business ( If PAN not Quoted) - 1% 2%
7 194C Payment to Sub-Contract/Adv Contract Rs.20,000/- per contract or Rs. 50,000/- p.a 1% 2%
8 194I Rent on Plant / Machinery Rs. 1,20,000/- p.a 2% 2%
9 194I Rent Other then Plant / Machinery Rs. 1,20,000/- p.a 10% 10%
10 194J Fees for Professional / Technical Services Rs.20,000/-p.a 10% 10%
11 194B Winning from Lotteries & Puzzles 30% 30%
12 194B Winning from Horse Races 30% 30%
13 194E Non-resident Sportsman or Sports Association 10% 10%
14 194G Commission on Sale of Lottery Tickets 10% 10%
15 194H Commission/Brokerage Rs. 2,500/- p.a 10% 10%
Applicability of surcharges on TDS Rates:
Status Payment Surcharge 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 Y Y
Non-Resident Non- Corporate N Y
There has been major changes with regard to surcharge, education cess, SHEC, after approval of the finance (No. 2) ACT, 2009.
Surcharge on Income Tax: -
Surcharge on income-tax for the assessment years 2009-2010 and 2010-11 will be as follows : -
A.Y. 2009-10 A.Y. 2010-11
Individual/HUF/AOP/BOI if net income does not exceed Rs. 10 Lakh NIL NIL
Individual/HUF/AOP/BOI if net income exceeds Rs. 10 Lakh 10% NIL
Artificial Juridical Person 10% NIL
Co-operative society, local authority NIL NIL
Firm if net income does not exceed Rs. 1 Crore NIL NIL
Firm if net income exceed Rs 1 Crore 10% NIL
Domestic company if net income doews not exceed Rs. 1 Crore NIL NIL
Domestic company if net income exceeds Rs. 1 Crore 10% 10%
Foreign Company if net income does not exceed Rs. 1 Crore NIL NIL
Foreign Company if net income exceeds Rs. 1 Crore 2.5% 2.5%
Surcharge, Education Cess in the case of TDS – For the F.Y. 2009-10, A.Y. 2010-11
Nature of Payment Whether surcharge is applicable Whether education cess @ 2% and SHEC @ 1% is applicable
Salary to a Resident or Non – Resident NO Yes
Payment other than salary to a resident NO NO
Payment other than salary to a non-resident not being foreign company NO YES
Payment other than salary to a foreign company (payment or credit subject to TDS does not exceed Rs. 1 Crore NO Yes
Payment other than salary to a foreign company (payment or credit subject to TDS exceeds Rs. 1 Crore) Yes @ 2.5 of TDS Yes
TDS Rates applicable w.e.f. 1-10-2009
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