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.
PLZ Update me regarding taxes TDS, INCOME TAX AND EPF ETC
May I get updates of all taxes like TDS, VAT, EXCISE, SALES TAX etc. in future.
My I Want for Income tax Rates & TDS Rate , VAT & Central Excise Rate & PF & ESI in Future
i require tds rate chart 10-11 in pdf or excel format to download online.
by Ch.v.v.s.s.G.Prasad 2:05 pm
May I get updates of all taxes like TDS, VAT, EXCISE, SALES TAX etc. in future.
I want detailed example of details reqd.
pls tell me how to deduct tds
Dear sir
There is a confssion about TDS on intrest payabale/paid to companies under section 194A. before 1sr October it was 20%. Now you are saying it is 20%, but other says it is 10%.please clear .
i require tds rate chart 10-11 in pdf or excel format to download online.
Rent of Plant, Machinery and
Equipments THE TDS RATE IS 2% applicabe in budget 2009.
PLEASE RECTIFY IN YOU GIVEN ABOVE CHART.
Dear sir/madam,
I want a details of TDS rates means professional deduction, individual,corporate sector, proprietorect.
Plz give info about what is TDS why it is deducted ? and % of deduction .
i want all tds rate chart for 90-10
Dear sir/madam,
I want a TDS rates chart for 09-10
Dear Sir,
Change in 194C – Payment to Contract Transporter – Nil if provide PAN
Pl. give full defination of Transporter
Only freight bill issued by Carting Contractor, TDS will be deductable or not?
Reply urgently please.
i require tds rate chart 10-11 in pdf or excel format to download online