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| TDS / TCS RATES FOR F.Y. 2011-12 |
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Section |
Nature of Payment |
Threshold Limit of Payment |
Individual /HUF |
Others |
| 1 |
192 |
Income from Salary |
| Women |
Rs. 1,90,000 |
| Senior Citizen |
Rs. 2,50,000 |
| Super Senior Citizen |
Rs. 5,00,000 |
| Others |
Rs. 1,80,000 |
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Average rate of Tax + edu. Cess (no surcharge) |
Not Applicable |
| 2 |
194A |
Interest from a Banking Company |
Rs. 10,000 per annum |
10% |
10% |
| 3 |
194A |
Interest other than from a Banking Co. |
Rs. 5,000 per annum |
10% |
10% |
| 4 |
194C |
Payment to Contractors; Sub-contractor; Advertising Contractors |
| Rs. 30,000 per contract (or) |
| Rs. 75,000 per annum |
|
1% |
2% |
| 5 |
194-I |
Rent on Plant / Machinery |
Rs. 1,80,000 per annum |
2% |
2% |
| 6 |
194-I |
Rent Other then Plant / Machinery |
Rs. 1,80,000 per annum |
10% |
10% |
| 7 |
194J |
Fees for Professional / Technical Services |
Rs. 30,000 per annum |
10% |
10% |
| 8 |
194B |
Winning from Lotteries & Puzzles |
Rs. 10,000 per annum |
30% |
30% |
| 9 |
194BB |
Winning from Horse Races |
Rs. 5,000 per annum |
30% |
30% |
| 10 |
194E |
Non-resident Sportsman or Sports Association |
- |
10% |
10% |
| 11 |
194D |
Insurance Commission |
Rs.20,000 per annum |
10% |
10% |
| 12 |
194G |
Commission on Sale of Lottery Tickets |
Rs.1000 |
10% |
10% |
| 13 |
194H |
Commission/Brokerage |
Rs. 5,000 per annum |
10% |
10% |
| 14 |
206C |
Scrap |
- |
1% |
1% |
| 15 |
206C |
Tendu Leaves |
- |
5% |
5% |
| 16 |
206C |
Timber obtained under a forest lease or other mode |
- |
2.50% |
2.50% |
| 17 |
206C |
Any other forest produce not being a Timber or tendu leave |
- |
2.50% |
2.50% |
| 18 |
206C |
Alcoholic Liquor for Human Consumption |
- |
1% |
1% |
| 19 |
206C |
Packing lot, toll plaza, mining & quarrying |
- |
2% |
2% |
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| Notes |
| 1. Surcharges & Education Cess |
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| Type of Payment |
Surcharge (2%) |
Education Cess (3.00%) |
| Salary |
No |
Yes |
| Other Payments to Residents |
No |
No |
| Other Payments to Foreign Co. (Payment exceeds 1 cr.) |
Yes |
Yes |
| Other Payments to Foreign Co. (Payment upto 1 cr.) |
No |
Yes |
| Payments to Other Non-residents (Irrespective of amount) |
No |
Yes |
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| 2. Nil rate will be applicable to transporter of goods if he provides his PAN to the deductor. |
| 3. Nil Deduction entries of transporters also to be shown in Form 26Q. |
| 4. TDS @ 20% where PAN not furnished. |
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Interest on delay in deposit of tax after deduction |
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| Stage of deduction |
Upto 30th June 2010 (Rate per month or part of the month) |
From 1st July 2010 (Rate per month or part of the month) |
| From date when deductible till actual deduction |
No |
Yes |
| From date of deduction till payment |
No |
No |
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