TDS Rate has been changed from Today and this propose was given by finance minister in budget 2009. Here You can get TDS New Rates Charts. The changes Tds rate has been done in the effective from today.
TDS Changes detail
- In new TDS rates Surcharge, Education Cess and Health Cess is not applicable.
- 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
- 01-10-2009, the nil rates 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 up to 31-03-2010.
TDS Chart
| 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 IF PAN IS QUOTED | ||
| 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% | |
In below Cases surcharge on TDS rates is not applicable.
- On all payment to residents
- On all payment to non-corporate non-residents
- On all payments to foreign corporate if total payment is less than 1 Crore.
- In which cases surcharge on TDS rates is applicable?
- On all payments to foreign corporate if total payment is more than 1 Crore.
- In which cases Education Cess, Secondary and Higher Education Cess is NOT applicable?
- On all payments to residents except salaries payment
- In which cases Education Cess, Secondary and Higher Education Cess is applicable?
- On salaries
- On all payment to non-residents and foreign companies.
You can download TDS rates chart click here. You can download TDS tax changes Click here. To get More information about TDS Click here.
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I Want all TDS forms and section codes
May I get updates of all taxes like TDS, VAT, EXCISE, SALES TAX etc. in future.
Very Nice its useful to all.
Thanks,
Kulkarni P.V
thankz for the good information
I Want all TDS forms and section codes & full section wise summery like girish ahuja sir’s book,
all advance tax details
thanks, got lot of help from ur chart
I Want all TDS forms and section codes briefly
i want to know all about tds ,like why we are pay tds?
2. if i paid tds then advantages ?
3. in tds why pan card need?
4.tds rate?
5. above how much amount it is nill ?
May I get updates of all taxes like TDS, VAT, EXCISE, SALES TAX etc. in future.
& PF ,ESI,
please update me for Tds, vat, excise, income tax. sales tax
May I get updates of all taxes like TDS, VAT, EXCISE, SALES TAX etc. in future.
& PF ,ESI,
If we have made Payment 100,00,000 (1 caror) to individual (contractor) in a year, What rate will be applicable.
i want details of surcharge & education cess on rent
May I get updates of all taxes like TDS, VAT, EXCISE, SALES TAX etc. in future.
& PF ,ESI,
i want all details of tds and total types of rates of %