Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

TDS RATES

Deepak Tapse (Accounts Manager - Taxation) (1771 Points)

14 September 2009

Pl inform TDS rates wef 01/10/09 from Interest other than Int. on Sec. for Indl, HUF & others. In recooner only 10% rate given. Not specified whether the rate is for Indl. or Companies.

Reply
Follow
Share

3 Replies

aurangzaib khan (financial consultant) (95 Points)
Replied 14 September 2009

rate of tds on interest other than interest on security is 10 % if payment to all resident person.

Upgrade to CAclubindia Pro. Subscribe Now!

Rajgopalan Iyengar (Director) (22 Points)
Replied 15 September 2009

Originally posted by :aurangzaib khan
"	rate of tds on interest other than interest on security is 10 % if payment to all resident person.	"

CA.Parsun Garg (JOB) (1380 Points)
Replied 16 September 2009

TDS RATES FROM 01.10.2009
	Rates in %
		CRITERIA FOR DEDUCTION	INDIVIDUAL and HUF	Payment To Other
SECTION	NATURE OF PAYMENT	(PAYMENT IN EXCESS OF)	INDIVIDUAL and HUF	Payment To Other

194A	Interest from a Banking Company	Rs. 10,000/- p.a	10	20
194A	Interest other than from a Banking Co.	Rs. 5,000/- p.a	10	20
194C	Payment to sub-contrctor/Advertisement contracts	Rs.20,000/- per contract or Rs. 50,000/- p.a	1	2
194C	other Contractors	Rs.20,000/- per contract or Rs. 50,000/- p.a	1	2
194C	Transport contractors engaged in the business of plying, hiring or leasing goods carriages.	Nil *	Nil	Nil
194H	Commission or Brokerage	Rs. 2,500/- p.a	10	10
194I	Rent other than Plant, Mach.& Eqp.	Rs. 1,20,000/- p.a	10	10
194I	Rent of Plant , Machinery & Equipments	Rs. 1,20,000/- p.a	2	2
194J	Professional/Technical Charges	Rs.20,000/-p.a	10	10
* 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 is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers.It means that Surcharges &
cess is not be included in basic TDS rates ,while deduction tds , in case of payments to resident person/domestic company only .So in case of payment to
Non resident and non -domestic company surcharge and Cess is also to be included while calculating TDS amount .