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New TDS rates

arvind (article assistant) (82 Points)

24 September 2009

Hi Everybody

can anyone post the new TDS Rates ??

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NEW TDS RATES FROM 01.10.2009 PROPOSED IN BUDGET 2009 PRESENTED ON 06/07/2009
Particulars			NEW TDS RATES% IF DEDUCTEE IS
Section	Nature of Payment	CUT OFF AMOUNT	INDIVIDUAL and HUF	OTHER
194A	Interest from a Banking Company	Rs. 10,000/- p.a	10.00	20.00
194A	Interest other than from a Banking Co.	Rs. 5,000/- p.a	10.00	20.00
194C	Payment to sub-contrctor/Advertisement contracts	Rs.20,000/- per contract or Rs. 50,000/- p.a	1.00	2.00
194C	other Contractors	Rs.20,000/- per contract or Rs. 50,000/- p.a	1.00	2.00
194C	transport contractors engaged in the business of plying, hiring or leasing goods carriages.		Nil *
194H	Commission or Brokerage	Rs. 2,500/- p.a	10.00
194I	Rent other than Plant, Mach.& Eqp.	Rs. 1,20,000/- p.a	10.00
194I	Rent of Plant , Machinery & Equipments	Rs. 1,20,000/- p.a	2.00
194J	Professional Charges	Rs.20,000/-p.a	10.00
* 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 upto 31.3.2010
** The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010
***No surcharge and cess on tax deducted on non-salary payments made to resident taxpayers.

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RAJAN GUPTA (SERVICE) (653 Points)
Replied 27 September 2009

correct rates are available here

https://www.simpletaxindia.org/2009/07/new-tds-rate-fy-09-10-after-budget.html

Attached File : 46 tds 9 10.pdf downloaded: 394 times

manish kumar (Dy. Manager(Internal Audit)) (44 Points)
Replied 02 October 2009

Now there is no cess on tds other than salary , but what about surcharge & cess on TCS on scraps,etc? Any ideas?

CA. Shwetank Vats (Chartered Accountant) (653 Points)
Replied 06 October 2009

Please clarify above tcs query

manish kumar (Dy. Manager(Internal Audit)) (44 Points)
Replied 06 October 2009

whether surcharge & cess is applicable to tcs? No surcharge and cess on tax deducted on non-salary payments made to resident taxpayers, but info available is silent about TCS.