Wednesday 25 November 2009

TDS rates chart From 1.10.2009 - Form 26Q

Form 26Q:

Section Nature of Payment Status Tax (%)
193 Interest on Debentures & Securities 10
194 Deemed Dividend 10
194A Other Interest > Aggregate sum exceeding Rs. 10,000 for Banking Co's , etc.per person during the financial year. > Aggregate sum exceeding Rs. 5,000 per person during the financial year 10
194B Lottery/Crossword Puzzle > Rs.5,000 30
194BB Winnings from Horse Race > Rs. 2,500 30
194C Contracts to Transporter, who has provided a valid PAN 0*
Contracts to Individuals/HUF 1
Contracts to others 2
194D Insurance Commission > Rs.5,000 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 2
Rent of Land, Building, Furniture, etc 10
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 0
Education Cess 0
* If there is no PAN details, then @ 1% or @2%. From 1st April 2010 it is 20%.

http://www.taxguru.in/income-tax/tds-rates-chart-after-01st-october-2009-for-financial-year-2009-2010-and-download-calculator-for-2009-2010.html

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