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Zoho Sheet
Page 1 of 2
www.simpletaxindia.org NEW TDS RATES FROM 01.10.2009 PROPOSED IN BUDGET 2009 PRESENTED ON 06/07/2009 Particulars Section
Nature of Payment
194A
Interest from a Banking 194A
194C
194C
NEW TDS RATES% IF DEDUCTEE IS
CUT OFF INDIVIDUAL AMOUNT and HUF Rs. 10,000/p.a
OTHER
10.00
Rs. 5,000/Interest p.a other than from a Banking Co Payment to Rs.20,000/subper contract contrctor/Adv or Rs. contracts 50,000/- p.a other Rs.20,000/Contractors per contract or Rs. 50,000/- p.a
10.00 1.00
2.00
1.00
2.00
194C
transport contractors engaged in the business of plying, hiring or leasing goods carriages.
Nil *
194H
Commission Rs. 2,500/or Brokerage p.a
10.00
194I
Rent other than Plant, Mach.& Eqp.
Rs. 1,20,000/p.a Rs. 1,20,000/p.a
10.00
194I
2.00
Rent of Plant , Machinery & Equipments 194J Professional Rs.20,000/Charges p.a * The nil rate 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 upto 31.3.2010
10.00
** 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 No surcharge and cess is to be added from 01.04.2009 on tax
http://sheet.zoho.com/publishrange.do?id=d8a06bef3d18687a632ed4cb6802c8ec
10/10/2009
Zoho Sheet
Page 2 of 2
deducted on non-salary payments made to resident taxpayers.It means that Surcharges & cess is not be included in basic TDS rates ,while deduction tds , in case of payments to resident person/domestic company only .So in case of payment to Non resident and non -domestic company surcharge and Cess is also to be included while calculating TDS amount .
www.simpletaxindia.org
http://sheet.zoho.com/publishrange.do?id=d8a06bef3d18687a632ed4cb6802c8ec
10/10/2009
Page 1 of 2
www.simpletaxindia.org NEW TDS RATES FROM 01.10.2009 PROPOSED IN BUDGET 2009 PRESENTED ON 06/07/2009 Particulars Section
Nature of Payment
194A
Interest from a Banking 194A
194C
194C
NEW TDS RATES% IF DEDUCTEE IS
CUT OFF INDIVIDUAL AMOUNT and HUF Rs. 10,000/p.a
OTHER
10.00
Rs. 5,000/Interest p.a other than from a Banking Co Payment to Rs.20,000/subper contract contrctor/Adv or Rs. contracts 50,000/- p.a other Rs.20,000/Contractors per contract or Rs. 50,000/- p.a
10.00 1.00
2.00
1.00
2.00
194C
transport contractors engaged in the business of plying, hiring or leasing goods carriages.
Nil *
194H
Commission Rs. 2,500/or Brokerage p.a
10.00
194I
Rent other than Plant, Mach.& Eqp.
Rs. 1,20,000/p.a Rs. 1,20,000/p.a
10.00
194I
2.00
Rent of Plant , Machinery & Equipments 194J Professional Rs.20,000/Charges p.a * The nil rate 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 upto 31.3.2010
10.00
** 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 No surcharge and cess is to be added from 01.04.2009 on tax
http://sheet.zoho.com/publishrange.do?id=d8a06bef3d18687a632ed4cb6802c8ec
10/10/2009
Zoho Sheet
Page 2 of 2
deducted on non-salary payments made to resident taxpayers.It means that Surcharges & cess is not be included in basic TDS rates ,while deduction tds , in case of payments to resident person/domestic company only .So in case of payment to Non resident and non -domestic company surcharge and Cess is also to be included while calculating TDS amount .
www.simpletaxindia.org
http://sheet.zoho.com/publishrange.do?id=d8a06bef3d18687a632ed4cb6802c8ec
10/10/2009
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