30 November 2009
Section Code Nature of Payment Threshhold Limit to deduct tax In case recipient is an Individual / HUF If the recipient is other than Individual / HUF 194-A Interest other than interest on securities Interest from Banking Company Rs.10,000/- p.a. 10 % 20 % 194-A Interest other than interest on securities Interest other than from Banking Company Rs.5,000/- p.a. 10 % 20 % 194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 % 194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 % 194-C Payment to transport contractor / sub contractor If PAN Quoted NIL NIL 194-C Payment to transport contractor / sub contractor If PAN not quoted 1% *20% from 01.04.2010 2% *20% from 01.04.2010 Section Code Nature of Payment Threshhold Limit to deduct tax In case recipient is an Individual / HUF If the recipient is other than Individual / HUF 194-H Payment of commission or brokerage to resident Rs.2,500/- p.a. 10 % 10 % 194-I Payment of Rent Rs.1,20,000/- p.a. 10% *20% from 01.04.2010 10% *20% from 01.04.2010 194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a. 2 % *20% from 01.04.2010 2 % *20% from 01.04.2010 194-J Payment of professional or technical services Rs.20,000/- p.a. 10 % 10 % Note : 1. Surcharge ,Education Cess and Health Cess is not applicable for TDS. 2. w.e.f 01-10-2009, the nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/HUF transporter and 2% for other transporters up to 31-03-2010 3. The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f. 01-04-2010
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