TDS Rates Chart for ay 2011-12, fy 2010-11

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TDS Rates for major nature of payments for the Financial Year 2010-11

Particulars
TDS Rates from 1.4.10 to 31.03.2011










If the recipient is a


Criteria for Deduction
Criteria for Deduction
If recipient is
Company, Co-
Section
Nature of Payment
(payment in excess of) upto
(payment in excess of)
an Indivudual
operative Society,
30th June 2010
w.e.f. 1st July 2010
or HUF
Firm
TDS Rates
TDS Rates








194 A
Interest from a Banking Company
Rs.10,000/- p.a
Rs.10,000/- p.a
10.00
10.00


Interest other than from a Banking




194 A
Rs.5,000/- p.a
Rs.5,000/- p.a
10.00
10.00
Co.









Rs.20,000/- per contract or
Rs.30,000/- per contract or

194 C
Contractors
2.00*
1.00*
Rs.50,000/- p.a



Rs.75,000/- p.a






194 H
Commission or Brokerage
Rs.2500/- p.a
Rs.5,000/- p.a
10.00
10.00






194 I
Rent other than Plant, Mach.& Eqp.
Rs.1,20,000/- p.a
Rs.1,80,000/- p.a
10.00
10.00
TDS Rates


Rent of Plant , Machinery &




194 I
Rs.1,20,000/- p.a
Rs.1,80,000/- p.a
2.00
2.00
Equipments











194 J
Professional Charges
Rs.20,000/- p.a
Rs.30,000/- p.a
10.00
10.00
TDS Rates


* No tax is to be deducted in the case the Contractor is in transport business and PAN is Quoted by him
*Interest of late deposit of TDS is proposed to be increased from 12% p.a to 18% p.a effective from 1st July 2010. Notes: (1)
Due date of payments is as under:
(a) Credit/Paid in the month of March - 30th April TDS Rates
(b) Any other case - On or before 7 days from the end of the month in which deduction is made.
(2) With effect from 1st April 2010, in case the receiver of the sum does not have PAN, then the deduction has to be made @ 20% or higher rate

Complete detail: TDS Rates