|
Sr. No.
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Nature of Payment
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Rates of TDS where deductee is a resident
|
||
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The present rates
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Proposed rates under the Code
|
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1
|
Salary paid to employees
|
Rates as per the slabs and rates prescribed by the Finance Act
|
Average rate of tax on salary paid during the financial year
|
|
|
2
|
Payment in respect of works contract
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1% (where deductee is individual/HUF)
|
2%
|
|
|
2% (where deductee is person other than individual/HUF)
|
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3
|
Payment in respect of any service contract
|
__
|
2%
|
|
|
4
|
Payment in respect of broadcasting and telecasting/advertising
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1% (where deductee is individual/HUF)
|
2%
|
|
|
2% (where deductee is person other than individual/HUF)
|
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|
5
|
Supply of labour for carrying out any works, or service contract
|
1% (where deductee is individual/HUF)
|
2%
|
|
|
2% (where deductee is person other than individual/HUF)
|
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|
6
|
Payment in respect of carriage of goods and passengers by any mode of transport other than railways
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1% (where deductee is individual/HUF)
|
2% (No deduction of TDS in case of carriage of goods by road if deductee furnishes PAN)
|
|
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2% (where deductee is person other than individual/HUF)
|
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|
7
|
Interest
|
10%
|
10%
|
|
|
8
|
Dividend other than dividend on which DDT is payable
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10%
|
10%
|
|
|
9
|
Commission, brokerage, remuneration or prize (by whatever name called) for rendering any services
|
10%
|
10%
|
|
|
10
|
Fees for professional or technical services
|
10%
|
10%
|
|
|
11
|
Payment for royalty or non-compete fees
|
10%
|
10%
|
|
|
12
|
Compensation on compulsory acquisition of immovable property other than agricultural land
|
10%
|
10%
|
|
|
13
|
Rent for the use of machinery or plant or equipment
|
2%
|
2%
|
|
|
14
|
Rent for use of land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings
|
10%
|
10%
|
|
|
15
|
Winning from any lottery or crossword puzzle or card game or other game of any sort
|
30%
|
30%
|
|
|
16
|
Winnings from any horse race
|
30%
|
30%
|
|
|
17
|
Income distributed by mutual fund on which income distribution tax is not paid
|
Not applicable in present law
|
10% (where deductee is individual/HUF)
|
|
|
20% (where deductee is person other than individual/ HUF)
|
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|
18
|
Payment by a life-insurer where payment under life policy is not tax-exempt
|
Not applicable in present law
|
10% (where deductee is individual/HUF)
|
|
|
20% (where deductee is person other than individual/HUF)
|
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