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TDS - working - calculations

swapnil (CA Final) (598 Points)

31 October 2010

can any body provide all TDS Rate with threshold limits [ including non- residents } for the F.Y.2010-11 A.Y.2011-12

1. and also give the working for reserve calculation if, 1. we deduct less % of TDS or vise a versa, 2. or if by mistake we r not deducting TDS and vise a versa.

2. and also provide the calculation if we r late e-filling of TDS return.

note : as u possible pls provides working, calculations and figures which will be undershatnd this conceptually, to help us.

thanks 4 sharing with us and best of luck

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1 Replies

Ajay Mishra (Company Secretary) (74337 Points)
Replied 01 November 2010

TDS rates for Financial Year 2010-11

Form 24Q:

Male	Female	Senior Citizen	Tax (%)
For Income Between 0 to 1,60,000	For Income Between 0 to 1,90,000	For Income Between 0 to 2,40,000	0
For Income Between 1,60,001 to 5,00,000	For Income Between 1,90,001 to 5,00,000	For Income Between 2,40,001 to 5,00,000	10
For Income Between 5,00,001 to 8,00,000	For Income Between 5,00,001 to 8,00,000	For Income Between 5,00,001 to 8,00,000	20
For Income above 8,00,001	For Income above 8,00,001	For Income above 8,00,001	30

Surcharge			0
Education Cess			3

Form 26Q:

Section	Nature of Payment	Status	Tax (%)

193	Interest on Debentures & Securities		10
194	Deemed Dividend		10
194A	Other Interest > Aggregate sum exceeding Rs. 10,000 for Banking Co’s , etc.per person during the financial year. > Aggregate sum exceeding Rs. 5,000 per person during the financial year		10
194B	Lottery/Crossword Puzzle > Rs.10,000		30
194BB	Winnings from Horse Race > Rs. 5,000		30
194C	Contracts to Transporter, who has provided a valid PAN		0*
	Contracts to Individuals/HUF		1
	Contracts to others		2
194D	Insurance Commission > Rs.20,000		10
194EE	Withdrawal from NSS > Rs.2,500		20
194F	Repurchase of Units by MF/UTI		20
194G	Commission on Sale of Lottery Tickets > Rs.1,000		10
194H	Commission or Brokerage > Rs.5,000		10
194I	Rent > Rs.1,80,000 p. a. Rent of Plant & Machinery		2
194I	Rent of Land, Building, Furniture, etc		10
194J	Professional or Technical Fess > Rs.30,000		10
194LA	Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during the financial year		10
Surcharge			0
Education Cess			0

* If there is no PAN details, then it is 20%. (or at actual, whichever is higher)

Form 27Q:

Section	Nature of Payment	Status	Tax (%)

194E	Payment to nonresident sportsmen or sports association		10
195(a)	Income from foreign exchange assets payable to an Indian citizen		20
195(b)	Income by way of long-term capital gain referred to in sec. 115E		10
195(c)	Income by way of Short-term capital gains u/s. 111A		15
195(d)	Income from other long-term capital gains		20
195(e)	Income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency		20
195(f)	Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India -
	1.Where the agreement is made before June 1, 1997		30
	2.Where the agreement is made after May 31, 1997 but before June 1, 2005		20
	3.Where the agreement is made on or after June 1, 2005		10
195(g)	Royalty (not being royalty of the nature referred to in (e) sub para) payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy
	1.Where the agreement is made after March 31, 1961 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997		30
	3.Where the agreement is made after May 31, 1997 but before June 1, 1997		20
	4.Where the agreement is made on or after June 1, 2005		10
195(h)	Fee for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with the policy -
	1.Where the agreement is made after February 29, 1964 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997		30
	3.Where the agreement is made after May 31, 1997 but before June 1, 2005		20
	4.Where the agreement is made on or after June 1, 2005		10
195(i)	Any other income	COMPANY	40
195(i)	Any other income	OTHERS	30
196A	Income in respect of Units of Non-residents		20
196B	Income and Long-term Capital gain from units of an Off shore fund		10
196C	Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies		10
196D	Income of Foreign Institutional Investors for Securities		20
Surcharge ( On Tax)	Applicable for Foreign Companies if payment/credit exceeds Rs.1 crore of such companies		2.5
Education Cess	on Tax deducted Plus Surcharge		3

Form 27EQ:

Collection Code	Nature of Purchase	Tax (%)
6CA	Alcoholic liquor for human consumption	1
6CB	Timber obtained under a forest lease	2.5
6CC	Timber obtained under any mode other than forest lease	2.5
6CD	Any other forest product not being timber or tendu leave	2.5
6CE	Scrap	1
6CF	Parking Lot	2
6CG	Toll plaza	2
6CH	Mining and quarrying	2
6CI	Tendu leaves	5
Surcharge (On Tax)	Applicable for Foreign Companies if collections exceeds Rs.1 crore of such companies	2.5
Education Cess	Applicable for Foreign Companies	3

Form 24Q:

Male	Female	Senior Citizen	Tax (%)
For Income Between 0 to 1,60,000	For Income Between 0 to 1,90,000	For Income Between 0 to 2,40,000	0
For Income Between 1,60,001 to 3,00,000	For Income Between 1,90,001 to 3,00,000	For Income Between 2,40,001 to 3,00,000	10
For Income Between 3,00,001 to 5,00,000	For Income Between 3,00,001 to 5,00,000	For Income Between 3,00,001 to 5,00,000	20
For Income above 5,00,001	For Income above 5,00,001	For Income above 5,00,001	30

Surcharge			0
Education Cess			3

Form 26Q:

Section	Nature of Payment	Status	Tax (%)

193	Interest on Debentures & Securities		10
194	Deemed Dividend		10
194A	Other Interest > Aggregate sum exceeding Rs. 10,000 for Banking Co’s , etc.per person during the financial year. > Aggregate sum exceeding Rs. 5,000 per person during the financial year		10
194B	Lottery/Crossword Puzzle > Rs.5,000		30
194BB	Winnings from Horse Race > Rs. 2,500		30
194C	Contracts to Transporter, who has provided a valid PAN		0*
	Contracts to Individuals/HUF		1
	Contracts to others		2
194D	Insurance Commission > Rs.5,000		10
194EE	Withdrawal from NSS > Rs.2,500		20
194F	Repurchase of Units by MF/UTI		20
194G	Commission on Sale of Lottery Tickets > Rs.1,000		10
194H	Commission or Brokerage > Rs.2,500		10
194I	Rent > Rs.1,20,000 p. a. Rent of Plant & Machinery		2
194I	Rent of Land, Building, Furniture, etc		10
194J	Professional or Technical Fess > Rs.20,000		10
194LA	Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during the financial year		10
Surcharge			0
Education Cess			0

* If there is no PAN details, then @ 1% or @ 2%. From 1st April 2010 it is 20%.

Form 27Q:

Section	Nature of Payment	Status	Tax (%)

194E	Payment to nonresident sportsmen or sports association		10
195(a)	Income from foreign exchange assets payable to an Indian citizen		20
195(b)	Income by way of long-term capital gain referred to in sec. 115E		10
195(c)	Income by way of Short-term capital gains u/s. 111A		15
195(d)	Income from other long-term capital gains		20
195(e)	Income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency		20
195(f)	Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India -
	1.Where the agreement is made before June 1, 1997		30
	2.Where the agreement is made after May 31, 1997 but before June 1, 2005		20
	3.Where the agreement is made on or after June 1, 2005		10
195(g)	Royalty (not being royalty of the nature referred to in (e) sub para) payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy
	1.Where the agreement is made after March 31, 1961 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997		30
	3.Where the agreement is made after May 31, 1997 but before June 1, 1997		20
	4.Where the agreement is made on or after June 1, 2005		10
195(h)	Fee for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with the policy -
	1.Where the agreement is made after February 29, 1964 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997		30
	3.Where the agreement is made after May 31, 1997 but before June 1, 2005		20
	4.Where the agreement is made on or after June 1, 2005		10
195(i)	Any other income	COMPANY	40
195(i)	Any other income	OTHERS	30
196A	Income in respect of Units of Non-residents		20
196B	Income and Long-term Capital gain from units of an Off shore fund		10
196C	Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies		10
196D	Income of Foreign Institutional Investors for Securities		20
Surcharge ( On Tax)	Applicable for Foreign Companies if payment/credit exceeds Rs.1 crore of such companies		2.5
Education Cess	on Tax deducted Plus Surcharge		3

Form 27EQ:

Collection Code	Nature of Purchase	Tax (%)
6CA	Alcoholic liquor for human consumption	1
6CB	Timber obtained under a forest lease	2.5
6CC	Timber obtained under any mode other than forest lease	2.5
6CD	Any other forest product not being timber or tendu leave	2.5
6CE	Scrap	1
6CF	Parking Lot	2
6CG	Toll plaza	2
6CH	Mining and quarrying	2
6CI	Tendu leaves	5
Surcharge (On Tax)	Applicable for Foreign Companies if collections exceeds Rs.1 crore of such companies	2.5
Education Cess	Applicable for Foreign Companies	3

Form 26Q:

Section	Nature of Payment	Status	Tax (%)

193	Interest on Debentures & Securities	COMPANY	20
193	Interest on Debentures & Securities	OTHERS	10
194A	Other Interest > Rs. 10,000 for Banking Co’s , etc. > Rs. 5,000	COMPANY	20
194A		OTHERS	10
194B	Lottery/Crossword Puzzle > Rs.5,000		30
194BB	Winnings from Horse Race > Rs. 2,500		30
194C(1)	Payment to a contractor (in the case of advertising contracts)		1
194C(2)	Payment to a contractor (other than an advertising contracts)		2
194C(3)	Payment to a sub-contractor		1
194D	Insurance Commission > Rs.5,000	COMPANY	20
194D	Insurance Commission > Rs.5,000	OTHERS	10
194EE	Withdrawal from NSS > Rs.2,500		20
194F	Repurchase of Units by MF/UTI		20
194G	Commission on Sale of Lottery Tickets > Rs.1,000		10
194H	Commission or Brokerage > Rs.2,500		10
194I	Rent > Rs.1,20,000 p. a. Rent of Plant & Machinery		10
	Rent of Land, Building, Furniture, etc	INDIVIDUAL /HUF	15
	Rent of Land, Building, Furniture, etc	OTHERS	20
194J	Professional or Technical Fess > Rs.20,000		10
194LA	Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during the financial year		10
Surcharge ( On Tax)	Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000		10
Education Cess	on Tax deducted Plus Surcharge		3

Form 27Q:

Section	Nature of Payment	Status	Tax (%)

194E	Payment to nonresident sportsmen or sports association		10
195(a)	Income from foreign exchange assets payable to an Indian citizen		20
195(b)	Income by way of long-term capital gains		10
195(c)	Income from other long-term capital gains		20
195(d)	Income by way of interest payable by Government / Indian concern on money borrowed or debt incurred by Government or Indian concern in foreigh currency		20
195(e)	Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India -
	1.Where the agreement is made before June 1, 1997	COMPANY	30
	1.Where the agreement is made before June 1, 1997	OTHERS	30
	2.Where the agreement is made after May 31, 1997 but before June 1, 2005	COMPANY	20
		OTHERS	30
	3.Where the agreement is made on or after June 1, 2005	COMPANY	10
	3.Where the agreement is made on or after June 1, 2005	OTHERS	30
195(f)	Royalty (not being royalty of the nature referred to in (e) sub para) payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy
	1.Where the agreement is made after March 31, 1961 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997	COMPANY	30
		OTHERS	30
	3.Where the agreement is made after May 31, 1997 but before June 1, 1997	COMPANY	20
		OTHERS	30
	4.Where the agreement is made on or after June 1, 2005	COMPANY	10
	4.Where the agreement is made on or after June 1, 2005	OTHERS	30
195(g)	Fee for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with the policy -
	1.Where the agreement is made after February 29, 1964 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997	COMPANY	30
		OTHERS	30
	3.Where the agreement is made after May 31, 1997 but before June 1, 2005	COMPANY	20
		OTHERS	30
	4.Where the agreement is made on or after June 1, 2005	COMPANY	10
	4.Where the agreement is made on or after June 1, 2005	OTHERS	30
196A	Income in respect of Units of Non-residents		20
196B	Income and Long-term Capital gain from units of an Off shore fund	COMPANY	10
196B		OTHERS	10
196C	Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies	COMPANY	10
196C		OTHERS	10
196D	Income of Foreign Institutional Investors for Securities	COMPANY	20
196D	Income of Foreign Institutional Investors for Securities	OTHERS	20
Surcharge ( On Tax)	Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000		10
Education Cess	on Tax deducted Plus Surcharge		3

Form 27EQ:

Collection Code	Nature of Purchase	Tax (%)
6CA	Alcoholic liquor for human consumption	1
6CB	Timber obtained under a forest lease	2.5
6CC	Timber obtained under any mode other than forest lease	2.5
6CD	Any other forest product not being timber or tendu leave	2.5
6CE	Scrap	1
6CF	Parking Lot	2
6CG	Toll plaza	2
6CH	Mining and quarrying	2
6CI	Tendu leaves	5
Surcharge ( On Tax)	Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000	10
Surcharge ( On Tax)	For a Non-Domestic Company	2.5
Education Cess	on Tax Collected Plus Surcharge	3

TDS rates for Financial Year 2008-09

Form 26Q:

Section	Nature of Payment	Status	Tax (%)

193	Interest on Debentures & Securities	COMPANY	20
193	Interest on Debentures & Securities	OTHERS	10
194A	Other Interest > Rs. 10,000 for Banking Co’s , etc. > Rs. 5,000	COMPANY	20
194A		OTHERS	10
194B	Lottery/Crossword Puzzle > Rs.5,000		30
194BB	Winnings from Horse Race > Rs. 2,500		30
194C(1)	Payment to a contractor (in the case of advertising contracts)		1
194C(2)	Payment to a contractor (other than an advertising contracts)		2
194C(3)	Payment to a sub-contractor		1
194D	Insurance Commission > Rs.5,000	COMPANY	20
194D	Insurance Commission > Rs.5,000	OTHERS	10
194EE	Withdrawal from NSS > Rs.2,500		20
194F	Repurchase of Units by MF/UTI		20
194G	Commission on Sale of Lottery Tickets > Rs.1,000		10
194H	Commission or Brokerage > Rs.2,500		10
194I	Rent > Rs.1,20,000 p. a. Rent of Plant & Machinery		10
	Rent of Land, Building, Furniture, etc	INDIVIDUAL /HUF	15
	Rent of Land, Building, Furniture, etc	OTHERS	20
194J	Professional or Technical Fess > Rs.20,000		10
194LA	Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during the financial year		10
Surcharge ( On Tax)	Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000		10
Education Cess	on Tax deducted Plus Surcharge		3

Form 27Q:

Section	Nature of Payment	Status	Tax (%)

194E	Payment to nonresident sportsmen or sports association		10
195(a)	Income from foreign exchange assets payable to an Indian citizen		20
195(b)	Income by way of long-term capital gains		10
195(c)	Income from other long-term capital gains		20
195(d)	Income by way of interest payable by Government / Indian concern on money borrowed or debt incurred by Government or Indian concern in foreigh currency		20
195(e)	Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India -
	1.Where the agreement is made before June 1, 1997	COMPANY	30
	1.Where the agreement is made before June 1, 1997	OTHERS	30
	2.Where the agreement is made after May 31, 1997 but before June 1, 2005	COMPANY	20
		OTHERS	30
	3.Where the agreement is made on or after June 1, 2005	COMPANY	10
	3.Where the agreement is made on or after June 1, 2005	OTHERS	30
195(f)	Royalty (not being royalty of the nature referred to in (e) sub para) payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy
	1.Where the agreement is made after March 31, 1961 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997	COMPANY	30
		OTHERS	30
	3.Where the agreement is made after May 31, 1997 but before June 1, 1997	COMPANY	20
		OTHERS	30
	4.Where the agreement is made on or after June 1, 2005	COMPANY	10
	4.Where the agreement is made on or after June 1, 2005	OTHERS	30
195(g)	Fee for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with the policy -
	1.Where the agreement is made after February 29, 1964 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997	COMPANY	30
		OTHERS	30
	3.Where the agreement is made after May 31, 1997 but before June 1, 2005	COMPANY	20
		OTHERS	30
	4.Where the agreement is made on or after June 1, 2005	COMPANY	10
	4.Where the agreement is made on or after June 1, 2005	OTHERS	30
196A	Income in respect of Units of Non-residents		20
196B	Income and Long-term Capital gain from units of an Off shore fund	COMPANY	10
196B		OTHERS	10
196C	Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies	COMPANY	10
196C		OTHERS	10
196D	Income of Foreign Institutional Investors for Securities	COMPANY	20
196D	Income of Foreign Institutional Investors for Securities	OTHERS	20
Surcharge ( On Tax)	Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000		10
Education Cess	on Tax deducted Plus Surcharge		3

Form 27EQ:

Collection Code	Nature of Purchase	Tax (%)
6CA	Alcoholic liquor for human consumption	1
6CB	Timber obtained under a forest lease	2.5
6CC	Timber obtained under any mode other than forest lease	2.5
6CD	Any other forest product not being timber or tendu leave	2.5
6CE	Scrap	1
6CF	Parking Lot	2
6CG	Toll plaza	2
6CH	Mining and quarrying	2
6CI	Tendu leaves	5
Surcharge ( On Tax)	Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000	10
Surcharge ( On Tax)	For a Non-Domestic Company	2.5
Education Cess	on Tax Collected Plus Surcharge	3