TDS Rate Chart For Payments to Resident

TDS Rate Chart For Payment to Residents

Section	Nature of Payment	Threshold Limit	Domestic Companies $	Resident Non Companies, i.e. Individual, HUF, AOP, BOI, etc	Deduction on payment made by	Deduction on payment made to
192	Salary	Minimum Exemption Limit	N.A.	At Normal Rate of Income Tax	Any Person	Any Individual
194A	Interest other than “Interest on securities” received	From Banks Rs.10,000/-	10.00%	10.00%	Any Person	Any Resident
194A	Interest other than “Interest on securities” received	From Others Rs.5,000/-	10.00%	10.0%	See Note 1	Any Resident
194B	Winnings from lottery or crossword puzzle	Rs.5,000/-	30.00%	30.00%	Any Person	Any Resident
194BB	Winnings from horse race		30.00%	30.00%	Any Person	Any Resident
194C	Payments to contractors*!	*	2.66%	2.66%	Specified	Any
upto 30th	Payments to Sub-contractors*!	*	1.33%	1.33%	Person	Resident
Sept, 2009	Payment for Advertising Contract*!	*	1.33%	1.33%	SeeNote2
194C &	Payments to contractors*#	*	2.00%	1.00% #	Specified	Any
form 1st	Payment to Transporters#@	*	2.00%	1.00% #	Person	Resident
Oct, 2009	Payments to Sub-contractors*	*	2.00%	1.00% #	See
	Payment for Advertisement*	*	2.00%	1.00% #	Note 3
194D	Insurance commission	Rs.5,000/-	10.00%	10.00%	Any Person	Any Resident
194H	Commission or brokerage	Rs.2,500/-	10.00%	10.00%	See Note 1	Any Resident
194-I	Renton Plant/Machinery	Rs.1,20,000/-	2.00%	2.00%	See Note 1	Any Resident
194-I	Rent other then Plant/Machinery	Rs.1,20,000/-	10.00%	10.00%	See Note 1	Any Resident
194J	Fees for professional or technical services	Rs.20,000/-	10.00%	10.00%	See Note 1	Any Resident

If sucharge has been deducted for period before 1-10-2009, it need not be deducted now. If it is deposited it has to be paid and TDS certificate is to be issued

Note 1
Any person except Individuals and HUF not liable to Tax Audit

Note 2

(i) “specified person” shall mean,—
(a) the Central Government or any State Government; or
(b) any local authority; or
(c) any corporation established by or under a Central, State or Provincial Act; or
(d) any company; or
(e) any co-operative society; or
(f) any authority, constituted in India by or under any law, engaged either for the purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns and villages, or for both; or
(g) any society registered under the Societies Registration Act, 1860 (21 of 1860) or under any law corresponding to that Act in force in any part of India; or
(h) any trust; or
(i) any university established or incorporated by or under a Central, State or Provincial Act and an institution declared to be a university under section 3 of the University Grants Commission Act, 1956 (3 of 1956); or
(j) any Government of a foreign State or a foreign enterprise or any association or body established outside India; or
(k) any firm; or
(l) any person, being an individual or a Hindu undivided family or an association of persons or a body of individuals, if such person,—
(A) does not fall under any of the preceding sub-clauses; and
(B) is liable to audit of accounts under clause (a) or clause (b) of section 44AB during the financial year immediately preceding the financial year in which such sum is credited or paid to the account of the contractor

Note 3

Specified Person means
(a) the Central Government or any State Government; or
(b) any local authority; or
(c) any corporation established by or under a Central, State or Provincial Act; or
(d) any company; or
(e) any co-operative society; or
(f) any authority, constituted in India by or under any law, engaged either for the purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns and villages, or for both; or
(g) any society registered under the Societies Registration Act, 1860 (21 of 1860) or under any law corresponding to that Act in force in any part of India; or
(h) any trust; or
(i) any university established or incorporated by or under a Central, State or Provincial Act and an institution declared to be a university under section 3 of the University Grants Commission Act, 1956 (3 of 1956) ; or
(j) any firm; or
(k) any individual or a Hindu undivided family or an association of persons or a body of individuals, whether incorporated or not, other than those falling under any of the preceding clauses, whose total sales, gross receipts or turnover from the business or profession carried on by him exceed the monetary limits specified under clause (a) or clause (b) of section 44AB during the financial year immediately preceding the financial year in which such sum is credited or paid to the account of the contractor, shall, at the time of credit of such sum to the

Exemption limit is to be calculated for each Financial Year

* For Payment to Contractors/Sub Contractors Rs. 20000 for single payment & Rs. 50000 for aggregate Payment during a financial year.

$ Includes Education Cess 2% and Secondary and Higher Secondary Cess 1%, Surcharge not to be paid as per Finance Act (Second), 2009

# Payments to assesses other than individual and HUF will be @2.06%

@No deduction is to be made if the Transport Contractor furnishes PAN to the deductee, Payments to Transport Contract me payment to contractor during the course of business of plying, hiring or leasing goods carriages

& Applicable from 1-10-2009

! Includes Surcharges @10%, Surcharges not deductible

if the deductee gives certificate that his income is below limit on which surcharge is payable

Rates of Income Taxes in Force for Financial Year 2009-10 i.e. Assesment Year 2010-11

Rates of Taxes for Non-Residents .....................
Rates of Fringe Benefit Tax: Provisions of Fringe Benefit Tax deleted w.e.f. A.Y. 2010-11 i.e. Financial/Previous year 2009-10.
Income-tax rates on Income taxable at special rates. ......................
Rates of Tax Collected At Source .................

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