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tds chart

HARISH SHETTY (IPCC STUDENT) (41 Points)

04 August 2009

pls send new tds chart for f.y.09-10

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3 Replies

kuldeep kumar gattani (dy. manager) (22 Points)
Replied 08 August 2009

please sen tds chart new

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MAHESH (ACCOUNTANT) (823 Points)
Replied 12 August 2009

TDS Chart For the financial YearTDS and TDS Rates for Assessment Year 2009-10

All persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain Tax Deduction and Collection Account Number (TAN).
Issue of TDS Certificate

1. Section 192 TDS on Salary : The certificate on Form No. 16 should be issued by the deductor within one month of the close of the financial year in which deduction is made. (Rule 31 (1)(a)
2. In all other cases : The certificate on Form No. 16A should be issued by the deductor within one month of the month during which the credit is given or sum paid. (Rule 31(1)(b))
An option to the payer to issue certificate within one week after the expiry of two months from the month in which income is credited is available where the amount is credited to the account of the payee on the last day of the accounting period of the payer. This option is available in respect of payments except sec 192-salary, 194B-winning from lotteries, 194BB-winning from horse races, 194EE-payments from NSS deposits, 194F-payments in respect of repurchase of units, 194K-income in respect of units. (Rule 31(3))
Where payment in respect of TDS is permitted quarterly under rule 30(1) i.e. income from interest, insurance commission, the certificate is to be issued within 14 days of the payment of Income Tax.
Note : Where more than one certificate is required to be furnished to the payee during the financial year, then on the request of the payee, one consolidated certificate may be issued within one month from the end of such financial year.
TDS Rates for Assessment Year 2009-10

Section 192 - Payment of Salary and Wages
Section 193 - Payment of Interest on Securities
Section 194 B - Winnings from Lotteries or Cross Word Puzzle or Card Game or any other Game
Section 194 BB - Winnings from Horse Race
Section 194 A - Payment of Interest
Section 194 C - Payment to Contractors / Sub-contractors (In case of Advertising Contracts)
Section 194 C - Payment to Contractors / Sub-contractors (In case of Other than Advertising Contracts)
Section 194 H - Payment of Commission or Brokerage
Section 194 I - Payment of Rent of Land, Building or Furniture
Section 194 I - Payment of Rent of Plant & Machinery
Section 194 J - Payment of Professional Charges

Section 192

Payment of Salary and Wages

Criterion of Deduction
TDS is deducted if the estimated income of the employee is taxable.
Employer must not deduct tax on non-taxable allowances like conveyance allowance, rent allowance, medical allowance and deductible investments under sections like 80C, 80CC, 80D, 80DD, 80DDB, 80E, 80GG and 80U.
No tax is required to be deducted at source if the estimated total income of the employee is less than the minimum taxable income.
Applicable TDS Rate
Income Tax, Surcharge and Education Cess at the applicable rate on the estimated income of employee for the year.

Section 193

Payment of Interest on Securities

Criterion of Deduction
TDS is deductible if payment is in excess of Rs. 5,000/- per annum.
Applicable TDS Rate
Income Tax
Surcharge
Education Cess
Total
If the recipient is a Company, Firm or Cooperative Society
20.00%
2.00%
0.66%
22.66%
If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum.
10.00%
1.00%
0.33%
11.33%
If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.
10.00%
0.00%
0.30%
10.30%

Section 194 B

Winnings from Lotteries or Cross Word Puzzle or Card Game or any other Game

Criterion of Deduction
TDS is deductible if payment is in excess of Rs. 5,000/-.
Applicable TDS Rate
Income Tax
Surcharge
Education Cess
Total
If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum.
30.00%
3.00%
0.99
33.99%
If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.
30.00%
0.00%
0.90
30.90%

Section 194 BB

Winnings from Horse Race

Criterion of Deduction
TDS is deductible if payment is in excess of Rs. 2,500/- per annum.
Applicable TDS Rate
Income Tax
Surcharge
Education Cess
Total
If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum.
30.00%
3.00%
0.99
33.99%
If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.
30.00%
0.00%
0.90
30.90%

Section 194 A

Payment of Interest

Section 194 C

Payment to Contractors / Sub-contractors (In case of Advertising Contracts)

Criterion of Deduction
Payment in excess of Rs. 20,000/- per contract or Rs. 50,000/- per annum.
Applicable TDS Rate
Income Tax
Surcharge
Education Cess
Total
If the recipient is a Company, Firm or Cooperative Society
1.00%
0.10%
0.033%
1.133%
If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum.
1.00%
0.10%
0.033%
1.133%
If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.
1.00%
0.00%
0.03%
1.03%

Section 194 C

Payment to Contractors / Sub-contractors (In case of Other than Advertising Contracts)

Criterion of Deduction
Payment in excess of Rs. 20,000/- per contract or Rs. 50,000/- per annum.
Applicable TDS Rate
Income Tax
Surcharge
Education Cess
Total
If the recipient is a Company, Firm or Cooperative Society
2.00%
0.20%
0.066%
2.266%
If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum.
2.00%
0.20%
0.066%
2.266%
If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.
2.00%
0.00%
0.060%
2.06%

Section 194 H

Payment of Commission or Brokerage

Criterion of Deduction
TDS is deductible if payment is in excess of Rs. 2,500/- per annum.
Applicable TDS Rate
Income Tax
Surcharge
Education Cess
Total
If the recipient is a Company, Firm or Cooperative Society
10.00%
1.00%
0.33%
11.33%
If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum.
10.00%
1.00%
0.33%
11.33%
If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.
10.00%
0.00%
0.30%
10.30%

Section 194 I

Payment of Rent of Land, Building or Furniture

Criterion of Deduction
TDS is deductible if payment is in excess of Rs. 1,20,000/- per annum.
Individuals and HUFs whose sales/gross receipts in business is less than Rs 40 lac or professional receipts is less than Rs 10 lac are not required to deduct TDS
Applicable TDS Rate
Income Tax
Surcharge
Education Cess
Total
If the recipient is a Company, Firm or Cooperative Society
20.00%
2.00%
0.66%
22.66%
If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum.
15.00%
1.50%
0.495%
16.995%
If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.
15.00%
0.00%
0.45%
15.45%

Section 194 I

Payment of Rent of Plant & Machinery

Criterion of Deduction
TDS is deductible if payment is in excess of Rs. 1,20,000/- per annum.
Applicable TDS Rate
Income Tax
Surcharge
Education Cess
Total
If the recipient is a Company, Firm or Cooperative Society
10.00%
1.00%
0.33%
11.33%
If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum.
10.00%
1.00%
0.33%
11.33%
If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.
10.00%
0.00%
0.30%
10.30%

Section 194 J

Payment of Professional Charges

Criterion of Deduction
TDS is deductible if payment is in excess of Rs. 20,000/- per annum.
Applicable TDS Rate
Income Tax
Surcharge
Education Cess
Total
If the recipient is a Company, Firm or Cooperative Society
10.00%
1.00%
0.33%
11.33%
If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum.
10.00%
1.00%
0.33%
11.33%
If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.
10.00%
0.00%
0.30%
10.30%

Important :

TDS deducted is required to be deposited within one week from the last day of the month of deduction.
If TDS amount is not deposited by the due date, then for each month a penalty of interest equal to 1% of the TDS amount is to be paid.
If the quarterly TDS return is not filed by the due date, a penalty of Rs. 100 per day subject to maximum limit equal to the TDS amount is chargeable.

TDS Calculator for Assessment Year 2009-10

Select Status of Recipient
Company or Firm or Cooperative Society
Individual or HUF (payment exceeding Rs. 10 lacs per annum)
Individual or HUF (payment below Rs. 10 lacs per annum)
Select Section and Type of Payment
Section 193 - Payment of Interest on Securities
Section 194 B - Winnings from Lotteries or Cross Word Puzzle or Card Game or any other Game
Section 194 BB - Winnings from Horse Race
Section 194 A - Payment of Interest
Section 194 C - Payment to Contractors / Sub-contractors (In case of Advertising Contracts)
Section 194 C - Payment to Contractors / Sub-contractors (In case of Other than Advertising Contracts)
Section 194 H - Payment of Commission or Brokerage
Section 194 I - Payment of Rent of Land, Building or Furniture
Section 194 I - Payment of Rent of Plant & Machinery
Section 194 J - Payment of Professional Charges
Amount of Payment

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Income Tax Rate ( % )

Income Tax Amount

Surcharge Rate ( % )

Surcharge Amount

E. Cess Rate ( % )

E. Cess Amount

Total TDS Rate ( % )

Total TDS Amount Deductible