TDS RATES APPLICABLE FROM 01.10.2009

TDS FOR ACCOUNTING YEAR 2009-10 ONWARDS
TDS RATES APPLICABLE FROM 01.10.2009

Section Code: 194-A

Nature of Payment :Interest other than interest on securities Interest from Banking Company

Threshhold Limit to deduct tax: Rs.10,000/- p.a.

In case recipient is an Individual / HUF: 10 %

If the recipient is other than Individual / HUF : 20 %


Section Code :194-A

Nature of Payment :Interest other than interest on securities Interest other than from Banking Company

Threshhold Limit to deduct tax : Rs.5,000/- p.a.

In case recipient is an Individual / HUF :10%

If the recipient is other than Individual / HUF:20%


Section Code :194-C

Nature of Payment :Payment to Contractor

Threshhold Limit to deduct tax :Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year

In case recipient is an Individual / HUF:1 %

If the recipient is other than Individual / HUF :2%

Section Code:194C

Nature of Payment :Payment to Advertising Contractor / Sub Contractor

Threshhold Limit to deduct tax: Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year

In case recipient is an Individual / HUF: 1%

If the recipient is other than Individual / HUF:2%


Section Code: 194-C

Nature of Payment: Payment to transport contractor / sub contractor

Threshhold Limit to deduct tax : If PAN QuotedNIL

In case recipient is an Individual / HUF :If PAN QuotedNIL

If the recipient is other than Individual / HUF :If PAN QuotedNIL

Section Code: 194-C

Nature of Payment: Payment to transport contractor / sub contractor

Thresh hold Limit to deduct tax : If PAN Quoted NIL
In case recipient is an Individual / HUF :If PAN not quoted1%*20% from 01.04.2010

If the recipient is other than Individual / HUF : 2%*20% from 01.04.2010


Section Code : 194-H

Nature of Payment: Payment of commission or brokerage to resident

Threshhold Limit to deduct tax: Rs.2,500/- p.a.

In case recipient is an Individual / HUF: 10%

If the recipient is other than Individual / HUF: 10%


Section Code :194-I

Nature of Payment:Payment of Rent

Thresh hold Limit to deduct tax:Rs.1,20,000/- p.a.

In case recipient is an Individual / HUF: 10%*20% from 01.04.2010

If the recipient is other than Individual / HUF :*20% from 01/04/2010


Section Code :194-I

Nature of Payment: Payment of Rent for use of Plant , Machinery or Equipment

Thresh hold Limit to deduct tax:Rs.1,20,000/- p.a.

In case recipient is an Individual / HUF :2 %*20% from 01.04.2010

If the recipient is other than Individual / HUF :2 %*20% from 01.04.2010

Section Code :194-J

Nature of Payment:Payment of professional or technical services

Thresh hold Limit to deduct tax:Rs.20,000/- p.a.

In case recipient is an Individual / HUF:10%

If the recipient is other than Individual / HUF:10%

• Surcharge ,Education Cess and Health Cess is not applicable for TDS.
• w.e.f 01-10-2009, 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 up to 31-03-2010
• The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f. 01-04-2010

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