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

Digital signature significance

A digital signature authenticates electronic documents in a similar manner a handwritten signature authenticates printed documents. This signature cannot be forged and it asserts that a named person wrote or otherwise agreed to the document to which the signature is attached. The recipient of a digitally signed message can verify that the message originated from the person whose signature is attached to the document and that the message has not been altered either intentionally or accidentally since it was signed. Also, the signer of a document cannot later disown it by claiming that the signature was forged. In other words, digital signatures enable the "authentication" and “non-repudiation” of digital messages, assuring the recipient of a digital message of both the identity of the sender and the integrity of the message.

Digital signature with e-token is needed for many of the authorities like forming a new LLP (Limited liability partnership), filing of your return with Income tax department,online bidding, e-tenders etc...

http://www.bangaloredigitalsignature.com/ i.e. SAI DIGITAL SIGNATURES, BANGALORE will offers you Digital Signature Certificate (DSC) as Licensed Registration Authority (LRA), of (n) code solutions for distribution of Digital Signature Certificate. The (n) code solutions, ( Certifying Authority Services being provided by GNFC, a Government of India Undertaking ) is licensed Certified Authority authorized by Controller of Certifying Authority (CCA), Government of India, to issue various types of Digital Signature Certificates (DSC).

If anyone wish to procure digital signature with e-token can contact Mr. S.Kumar (09902977233) and one can get their digital signature in 2 hours if they can submit their self attested id proof and address proof over mail.