i want the information in respect of TDS rates of f.y 2010-11
plz help me
venkateswarlu. (CA Final ) (118 Points)
29 December 2010i want the information in respect of TDS rates of f.y 2010-11
plz help me
CA Sahil Singla..
(Service Tax )
(3746 Points)
Replied 29 December 2010
download this file
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114225 Points)
Replied 29 December 2010
TDS / TCS RATES FOR F.Y. 2010-11
(w.e.f. 1st July, 2010)
Section | Nature of Payment | Threshold Limit of Payment | Individual /HUF | Others | ||
1 | 192 |
Income from Salary |
Women |
Rs. 1,90,000 | Average rate of Tax + edu. Cess (no surcharge) | Not Applicable |
Senior Citizen |
Rs. 2,40,000 | |||||
Others | Rs. 1,60,000 | |||||
2 | 194A |
Interest from a Banking Company |
Rs. 10,000 per annum |
10% | 10% | |
3 | 194A |
Interest other than from a Banking Co. |
Rs. 5,000 per annum |
10% | 10% | |
4 | 194C |
Payment to Contractors; Sub-contractor; Advertising Contractors |
Rs. 30,000 per contract (or) |
1% | 2% | |
Rs. 75,000 per annum |
||||||
5 | 194-I |
Rent on Plant / Machinery |
Rs. 1,80,000 per annum | 2% | 2% | |
6 | 194-I |
Rent Other then Plant / Machinery |
Rs. 1,80,000 per annum |
10% | 10% | |
7 | 194J |
Fees for Professional / Technical Services |
Rs. 30,000 per annum |
10% | 10% | |
8 | 194B |
Winning from Lotteries & Puzzles |
Rs. 10,000 per annum | 30% | 30% | |
9 | 194BB |
Winning from Horse Races |
Rs. 5,000 per annum | 30% | 30% | |
10 | 194E |
Non-resident Sportsman or Sports Association |
- | 10% | 10% | |
11 | 194D |
Insurance Commission |
Rs.20,000 per annum |
10% | 10% | |
12 | 194G |
Commission on Sale of Lottery Tickets |
Rs.1000 |
10% | 10% | |
13 | 194H |
Commission/Brokerage |
Rs. 5,000 per annum |
10% | 10% | |
14 | 206C |
Scrap |
- |
1% | 1% | |
15 | 206C |
Tendu Leaves |
- |
5% | 5% | |
16 | 206C |
Timber obtained under a forest lease or other mode |
- |
2.50% | 2.50% | |
17 | 206C |
Any other forest produce not being a Timber or tendu leave |
- |
2.50% | 2.50% | |
18 | 206C |
Alcoholic Liquor for Human Consumption |
- |
1% | 1% | |
19 | 206C |
Packing lot, toll plaza, mining & quarrying |
- |
2% | 2% |
Interest on delay in deposit of tax after deduction
Stage of deduction |
Existing Rate Upto 30.06.2010
|
New Rate w.e.f. 01.07.2010 |
From date when deductible till actual deduction |
1% | 1% |
From date of deduction till payment |
1% |
1.5% |
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114225 Points)
Replied 29 December 2010
Also see this very useful file from below link......
/share_files/new-tds-rules-28378.asp