01 April 2008
Particulars Due Date Rates Section Nature of Payment Criteria for Deduction Actual Payment/Credit Credit/Provision on March-31st If the recipient is a Company, Co-operative Society, Firm. If recipient is an Ind. Or HUF & payment does not exceed Rs.10,00,000 If recipient is an Ind. Or HUF & payment does exceed Rs.10,00,000 IT SC(10%) EC(2%) Secondary & Higher Education Cess (1%) Total IT SC EC(2%) Secondary & Higher Education Cess (1%) Total IT SC(10%) EC(2%) Secondary & Higher Education Cess (1%) Total Sec-194A Interest Payment in excess of Rs.5,000 p.a One week from the last day of the month in which deduction is made With in 2 Months from the end of the month in which deduction is made. 20.0000 2.0000 0.4400 0.2200 22.6600 10.0000 0.0000 0.2000 0.1000 10.3000 10.0000 1.0000 0.2200 0.1100 11.3300 Sec-194C Contractors & CF Agents (incase of Advertising Contracts) & Payment to Sub-Contrctor Payment in excess of Rs.20,000/- per contract or Rs.50,000 p.a One week from the last day of the month in which deduction is made With in 2 Months from the end of the month in which deduction is made. 1.0000 0.1000 0.0220 0.0110 1.1330 1.0000 0.0000 0.0200 0.0100 1.0300 1.0000 0.1000 0.0220 0.0110 1.1330 Sec-194C Contractors & CF Agents (Others) Payment in excess of Rs.20,000/- per contract or Rs.50,000 p.a One week from the last day of the month in which deduction is made With in 2 Months from the end of the month in which deduction is made. 2.0000 0.2000 0.0440 0.0220 2.2660 2.0000 0.0000 0.0400 0.0200 2.0600 2.0000 0.2000 0.0440 0.0220 2.2660 Sec-194H Commission or Brokerage Payment in excess of Rs.2,500 p.a One week from the last day of the month in which deduction is made With in 2 Months from the end of the month in which deduction is made. 10.0000 1.0000 0.2200 0.1100 11.3300 10.0000 0.0000 0.2000 0.1000 10.3000 10.0000 1.0000 0.2200 0.1100 11.3300 Sec-194I Rent Payment in excess of Rs.1,20,000 p.a One week from the last day of the month in which deduction is made With in 2 Months from the end of the month in which deduction is made. 20.0000 2.0000 0.4400 0.2200 22.6600 15.0000 0.0000 0.3000 0.1500 15.4500 15.0000 1.5000 0.3300 0.1650 16.9950 Sec-194I Rent of Plant & Machinery Payment in excess of Rs.1,20,000 p.a One week from the last day of the month in which deduction is made With in 2 Months from the end of the month in which deduction is made. 10.0000 1.0000 0.2200 0.1100 11.3300 10.0000 0.0000 0.2000 0.1000 10.3000 10.0000 1.0000 0.2200 0.1100 11.3300 Sec-194J Professional Charges Payment in excess of Rs.20,000 p.a One week from the last day of the month in which deduction is made With in 2 Months from the end of the month in which deduction is made. 10.0000 1.0000 0.2200 0.1100 11.3300 10.0000 0.0000 0.2000 0.1000 10.3000 10.0000 1.0000 0.2200 0.1100 11.3300
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