20 July 2009

NEW TDS RATES FROM 01.10.2009 PROPOSED IN BUDGET 2009

 

NEW TDS RATES FROM 01.10.2009 PROPOSED IN BUDGET 2009

 

PARTICULARS

NEW TDS RATE % IF DEDUCTEE IS

Section

Nature of Payment

Cut off Amount

Rs.

Individual

& HUF

Others

194A

Interest from a Banking Company

Rs. 10000/- p.a.

10%

20%

194A

Interest other than From a Banking Company

 

Rs. 5000/- p.a.

 

10%

20%

194C

Payment to Sub-Contractors And Payment for Advertising Contracts

Rs. 20000/- per

Contract or Rs.

50000/- p.a.

1%

2%

194C

Other Contractors

 

Rs. 20000/- per

Contract or Rs.

50000/- p.a.

1%

2%

194C

Transport Contractors engaged In the business of playing, hiring or leasing goods carriages

 

NIL*

194H

Commission or Brokerage

Rs. 2500/- p.a

10%

194I

Rent other than Plant, Machinery

and Equipments

 

Rs. 120000/-

p.a.

10%

 

194I

Rent of Plant, Machinery and

Equipments

 

Rs. 120000/-

p.a.

10%

 

 

194J

Professional and technical Services

 

Rs. 20000/- p.a.

10%

 

* The Nil rate will be applicable if the transporter Quotes his PAN.

** The rate of TDS will be 20% in all cases if PAN is not quoted by the

deduce w.e.f. 1.04.2010

*** No Surcharge and Cess on Tax deducted on non-salary payments made toresident tax payers.

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