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TDS Rate

aniket (Accountant) (561 Points)

15 October 2009

What is the rate of TDS U/s 194 C if Deductor is Proprietor

and Deductee is proprietor

and Deductee is company or partnership

Thanks in Advance

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1 Replies

Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 15 October 2009

Dear Aniket,

TDS Rate Chart For the A.Y. 2010-11 is as below for ur reference.

TDS Rate Chart
Assessment Year : 2010-2011 Financial Year : 2009-2010

Particulars

Individual / HUF

Domestic Company / Firm

Criteria for Deduction

EasyTDS

Use EasyTDS for all your TDS requirements.

1. Salary / Others Computation
2. One time Master Creation
3. Automatic Calculation
4. Online Challan
5. Certificates
6. Electronic Returns
7. Inbuilt PAN verification as against Income Tax Database
8. Sign your cerficates digitally

Download Free Demo Version of EasyTDS from www.sensysindia.com

Nature of Payments

Section Code

Rate

1. Salary

192

As per the prescribe rates applicable to Individual / Women & Senior Citizens

2. Interest other than Interest on Securities

194A

Payment in excess of
Rs 5,000/- p.a.

3. Winning from Lotteries & Puzzles

194B

4. Payment to Contractors

194C

1^a

Payment in excess of
Rs 20,000/- per contract or Rs. 50,000/- p.a.

4.1 Payment to Adverting / Sub Contractors

194C

1^b

2^b

5. Insurance Commision

194D

6. Commision & Brokerage

194H

Payment in excess of
Rs 2,500/- p.a.

7. Rent - Land & Building

194I

10^c

10^d

Payment in excess of
Rs 1,20,000/- p.a.

7.1 Rent - Plant & Machinery

194I

2^e

8. Professional Fees & Technical Services

194J

Payment in excess of
Rs 20,000/- p.a.

Please note that
1. Surcharge is only applicable in case of payment to foreign company when payment is more than 1 crore.
2. Education cess is applicable only in case of Salary TDS and in case of payment to non-resident or foreign company.

a. Before 01-10-2009 IT - 2
b. Before 01-10-2009 IT - 1
c. Before 01-10-2009 IT - 15
d. Before 01-10-2009 IT - 20
e. Before 01-10-2009 IT - 10

Best Regards,

ratan