TDS Rates for financial year 2007-08
Section | Nature of Payment | Status | Tax (%) |
|
|
|
|
193 | Interest on Debentures & Securities | COMPANY | 20 |
OTHERS | 10 | ||
194A
| Other Interest
| COMPANY | 20 |
OTHERS |
10 | ||
194B | Lottery/Crossword Puzzle > Rs.5,000 |
| 30 |
194BB | Winnings from Horse Race > Rs. 2,500 |
| 30 |
194C(1) | Payment to a contractor (in the case of advertising contracts) |
| 1 |
194C(2) | Payment to a contractor (other than an advertising contracts) |
| 2 |
194C(3) | Payment to a sub-contractor |
| 1 |
194D | Insurance Commission > Rs.5,000 | COMPANY | 20 |
OTHERS | 10 | ||
194EE | Withdrawal from NSS > Rs.2,500 |
| 20 |
194F | Repurchase of Units by MF/UTI |
| 20 |
194G | Commission on Sale of Lottery Tickets > Rs.1,000 |
| 10 |
194H | Commission or Brokerage > Rs.2,500 |
| 10 |
194I | Rent > Rs.1,20,000 p. a. Rent of Plant & Machinery | 10 | |
Rent of Land, Building, Furniture, etc | INDIVIDUAL /HUF | 15 | |
OTHERS | 20 | ||
194J | Professional or Technical Fess > Rs.20,000 |
| 10 |
194LA | Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during the financial year |
| 10 |
Surcharge ( On Tax) | Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000 | 10 | |
Education Cess | on Tax deducted Plus Surcharge | 3 | |
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