| NEW TDS RATES FROM 01.10.2009 PASSED IN FINANCE ACT(2) 2009 PASSED ON 19.08.2009 |
| Particulars |
NEW TDS RATES% |
| Section |
Nature of Payment |
CUT OFF AMOUNT |
INDL/HUF |
OTHER |
| 194A |
Interest from a Banking Company |
Rs. 10,000/- p.a |
10.00 |
| 194A |
Interest other than from a Banking Co. |
Rs. 5,000/- p.a |
10.00 |
| 194C |
Payment to sub-contrctor/Advertisement contracts |
Rs.20,000/- per contract or Rs. 50,000/- p.a |
1.00 |
2.00 |
| 194C |
other Contractors |
Rs.20,000/- per contract or Rs. 50,000/- p.a |
1.00 |
2.00 |
| 194C |
transport contractors engaged in business of plying, hiring or leasing goods carriages. |
Nil * |
| 194H |
Commission or Brokerage |
Rs. 2,500/- p.a |
10.00 |
| 194I |
Rent other than Plant, Mach.& Eqp. |
Rs. 1,20,000/- p.a |
10.00 |
| 194I |
Rent of Plant , Machinery & Equipments |
Rs. 1,20,000/- p.a |
2.00 |
| 194J |
Professional Charges |
Rs.20,000/-p.a |
10.00 |
| * 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 upto 31.3.2010 |
| ** The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010 |
| No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers. It means that surcharges & cess is not be included in basic TDS rates various situation are tabulated in table given below |
| VARIOUS SITUATION SURCHARGE CESS APPLICABILITY |
| STATUS |
PAYMENT |
SUR CHARGE |
CESS |
| Resident |
Corporate |
Other than Salaries |
N |
N |
| Resident |
Non-corporate |
Other than Salaries |
N |
N |
| Resident |
Non- Corporate |
Salaries |
N |
Y |
| Non-Resident |
Corporate |
<= 1 crore |
N |
Y |
| Non-Resident |
Corporate |
> 1 crore |
Y |
Y |
| Non-Resident |
Non-Corporate |
|
N |
Y |
| http://taxclubindia.com/NEWS/2009/09/tds-rates-2009-10-changes-in-tds-rates/ |
| http://www.simpletaxindia.org/2009/07/new-tds-rate-fy-09-10-after-budget.html |
| TCS RATES FOR FINANCIAL YEAR 2009-10 |
| Particulars |
TCS RATES% |
| Section |
Nature of Payment |
CUT OFF AMOUNT |
INDL/HUF |
OTHER |
| 206C |
Scrap |
- |
1.00% |
1.00% |
| 206C |
Tendu Leaves |
- |
5.00% |
5.00% |
| 206C |
Timber obtained under a forest lease or other mode |
- |
2.50% |
2.50% |
| 206C |
Any other forest produce not being a Timber or tendu leave |
- |
2.50% |
2.50% |
| 206C |
Alcoholic Liquor for Human Consumption |
- |
1.00% |
1.00% |
| 206C |
Paking lot, toll plaza, mining & quarrying |
- |
2.00% |
2.00% |