Tds

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datta subhash patharkar

datta subhash patharkar (Querist)
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14 May 2012 please give me the New chart of TDS for the year 2012-13

CA Alok Somani

CA Alok Somani (Expert)
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14 May 2012 Sl. No.
Section Of Act
Nature of Payment in brief
Cut Off Amount
Rate %
01.04.2012
01.07.2012
HUF/IND
Others
1
192
Salaries
Salary income must be more then exemption limit after deductions.
Average Rate
2
193
Interest on debentures
2500
5000
10
10
3
194
Deemed dividend
-
-
10
10
4
194A
Interest other than Int. on securities (by Bank)
10000
10000
10
10
4A
194A
Interest other than Int. on securities (By others)
5000
5000
10
10
5
194B
Lottery / Cross Word Puzzle
10000
10000
30
30
6
194BB
Winnings from Horse Race
5000
5000
30
30
7
194C(1)
Contracts
30000
30000
1
2
8
194C(2)
Sub-contracts/ Advertisements
30000
30000
1
2
9
194D
Insurance Commission
20000
20000
10
10
10
194EE
Payments out of deposits under NSS
2500
2500
20
-
11
194F
Repurchase of units by MF/UTI
1000
1000
20
20
12
194G
Commission on sale of lottery tickets
1000
1000
10
10
13
194H
Commission or Brokerage
5000
5000
10
10
14
194I
Rent (Land & building)
180000
180000
10
10
Rent (P & M , Equipment, furniture & fittings)
180000
180000
2
2
15
194J
Professional/Technical charges/Royalty & Non-compete fees
30000
30000
10
10
16
194J(1)(ba)
Any remuneration or commission paid to director of the company(Effective from 1 July 2012)
NA
NIL
10
10
17
194LA
Compensation on acquisition of immovable property
100000
200000
10
10
18
194LLA
Payment on transfer of certain immovable property other than agricultural land (Finance Minister has withdraw TDS on such transaction on 07/05/2012)
(a) INR 50 lakhs in case such property is situated in a specified urban agglomeration; or(b) INR 20 lakhs in case such property is situated in any other area)
withdrawn by Finance Minister on 07/05/2012 no tds on such transactions
withdrawn by Finance Minister no no tds on transfer of immovable property