TDS RATE FOR THE AY 2009-2010

Page no : 11

Narayanamoorthy (Assistant Accountant) (20 Points)
Replied 27 November 2008

Please give tds calculator upto 2009-2010 year.

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Narayanamoorthy (Assistant Accountant) (20 Points)
Replied 27 November 2008

I want TDS calculator upto 200-2010 Years

(Guest)

Request you to kindly send me the TDS rates which needs to be deducted out of Salary, Professional fees, Rent & Sub-contracts.

Thanks for your immediate response.

Pradipta Biswas

Kolkata

(Guest)

Originally posted by :Guest
"	pls send tds rate chart of A Y 2009 - 10 & als vat , service tax ,excise duty , sales tax etc.	"

(Guest)

Originally posted by :Guest
"	What are the TDS Rates of the AY 2009-010	"

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(Guest)

Originally posted by :Guest
"	i want to tds rtes for the a.y of 2009-2010	"

CA. Umang Sangal (C.A ) (83 Points)
Replied 02 December 2008

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
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 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.

CA. Umang Sangal (C.A ) (83 Points)
Replied 02 December 2008

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
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 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.