Section Nature of Payment TDS RATE CHART FOR THE FY 2010-11 Threshold limit upto 30th June,2010 Thresholdlimit w.e.f.1st July,2010 Individual/HUF/ BOI/AOP Co-operativeSociety /Loca lAuthority N.A. * in case of resident only (2)Contractor/Sub-ContractorinTransport Business 20000(Note 1) 30000 NIL(Note 2)
Note:- 1.Thislimitisforindividualtransaction.However,ifaggregatepaymenttoacontractorduringtheyearexceedRs.50,000(Rs.75,000w.e.f1tstJuly,2010),thentaxwillberequiredtobededucted,evenwhereindividualtransactionislessthanthethreshold of Rs. 20,000 (Rs. 30,000 w.e.f. 1st July, 2010). 2.TheNilratewillbeapplicableifthetransporterquoteshisPAN.IfPANisnotquotedtheratewillbe20%.(Transportermeans persons engaged in plying, hiring and leasing of Goods Carriages) RatespecifiedunderPartIIofFirstScheduleofFinance Bill, 2010 subject to provisions of DTAA
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