| Originally posted by :Guest |
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Originally posted by :Guest
"
PLEASE SEND ME DEPRICIATION RATES IN TDS AND INCOME TAXCould
Best Regards,
jai
PLEASE SEND ME NEW TDS RATES WITH DETAILS OF TDS
& TDS CALCULATIONS CHART
my mail id harsh276 @ gmail.com
best regard
harish
"
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Dear harish,
TDS rate for the AY 09-10 is as follows
ASSESSMFNT YEAR‑ 2009‑010
Resident Women
Total Income Rate of Income Tax
Upto Rs.1,80,000/‑ NIL
Rs.1,80,000‑ 3,00,000 10% of the amount by which
total income exceeds Rs.180000/-
Rs. 300000‑500000 Rs. 12000+20% of' the amount
By which total income exceeds
Rs.3,00,000.
Rs 5,00,000 & above Rs. 52000 + 30% of the amount
By which total income exceeds
Rs. 5,00,000
Resident Senior Citizen
Total Income Rate of Income Tax
Upto Rs.2,25,000/‑ NIL
Rs.2,25,000‑ 3,00,000 10% of the amount bv which
total income exceeds Rs.2,25,000/
Rs. 3,00,000‑5,00,000 Rs. 7500+20% of' the amount
By which total income exceeds
Rs.3,00,000.
Rs. 5,00,000 & above Rs. 47500 + 30% of the amount
By which total income exceeds
Rs. 5,00,000
Individual /HUF/AOP/BOI/Artificial Juridical Person
Total Income Rate of Income Tax
Upto Rs.1,50,000/‑ NIL
Rs.1,50,000‑ 3,00,000 10% of the amount bv which
total income exceeds Rs.1,50,000/
Rs. 3,00,000‑5,00,000 Rs. 15000+20% of' the amount
By which total income exceeds
Rs.3,00,000.
Rs. 5,00,000 & above Rs. 55000 + 30% of the amount
By which total income exceeds
Rs. 5,00,000
Firms
on the whole income 30%
Companies
Domestic Company 30%
Foreign Company 40%
(In case of Corporate assessee, at least minimum alternate tax is payable @ 11.33% u/s 115JB of book profit prepared in accordance with the provisions of Parts II and III of Schedule VI of the Companies Act, 1956.)
Surcharge
Surcharge is applicable @ 10% on Income Tax.
Note: In case of Non domestic Company rate of surcharge is 2.5%.
1) In case of firms & domestcic companies surcharge @ 10% of Income Tax is applicable
if net income exceeds Rs 1 crore.
2) In case of Individual & HUF no surcharge is payable if total income does not exceeds
Rs.10,00,000.
EDUCATION CESS
It is 2% of income Tax & Surcharge, if applicable.
SECONDARY AND HIGHER EDUCATION CESS
It is 1% of income Tax & Surcharge, if applicable.
RATE OF DEDUCTION OF TAX AT SOURCE (FOR A.Y. 2009-10)
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Sec.
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192
194A
194 B
194C
194H
194 I
194 J
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Nature of Exemption
Payment Limit (Rs.) Rate
---------------- ------------------- --------------------------------
Salary 1,80,000 or At the income tax
150000 rates applicable to
individual
Interest other than 5,000 20.60%* for corporate
interest on securities assessees & 10.3%* for
non-corporate assessees
Lotteries or Puzzles 5,000 30.90%*
Contract 20,000 2.06%*
Advertisement/
sub contractor 20,000 1.03%*
Commission 2,500 5.15%*(Up to 31.5.07)
10.3%*(From 1st June07)
Rent 1,20,000 15.45%* for individual
or HUF, 20.60% for others.
However from 1.6.07 onwards in case of rent of Plant,Machinery or equipment rate of TDS will be 10.3%*
Professional fees 20,000 5.15%*(Upto 31.5.07)
10.3% (From 1st June 07)
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- Note: In case of Individual & HUF tax rate to be increased by surchagre of 10% if amount paid or likely to be paid exceeds 1000000/-.
- Note: In case of firm/domestic company tax rate to be increased by surcharge of 10% if amount paid or likely to be paid exceeds 1crore.
- Note: TDS deducted amount shall be rounded off to the nearest multilpe of ten rupees.
- Note:If TDS is not deposited with in due time,then it should be dposited with interest @ 1% p.a from the date on which such tax was deductible to the date on which the tax is actually paid.
with regard
salin thangamani
CAclubindia
