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    Tds Rate 10 11

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    Sud Nad
    The document outlines new tax deducted at source (TDS) rates as proposed in the Finance Bill of 2010. It provides the TDS rates for various types of payments made to individuals, HUFs, domestic companies, and firms both before and after enactment of the bill. Some key points include: 1) TDS rates for salaries, interest, rent, professional fees, and other payments are provided. 2) Higher TDS rates of 10-20% apply to individuals compared to 10% for companies. 3) Surcharge is not applicable on TDS for resident payments (other than salaries) from April 1, 2009.

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    Tds Rate 10 11

    Uploaded by

    Sud Nad
    9 views2 pages
    The document outlines new tax deducted at source (TDS) rates as proposed in the Finance Bill of 2010. It provides the TDS rates for various types of payments made to individuals, HUFs, domestic companies, and firms both before and after enactment of the bill. Some key points include: 1) TDS rates for salaries, interest, rent, professional fees, and other payments are provided. 2) Higher TDS rates of 10-20% apply to individuals compared to 10% for companies. 3) Surcharge is not applicable on TDS for resident payments (other than salaries) from April 1, 2009.

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    The document outlines new tax deducted at source (TDS) rates as proposed in the Finance Bill of 2010. It provides the TDS rates for various types of payments made to individuals, HUFs, domestic companies, and firms both before and after enactment of the bill. Some key points include: 1) TDS rates for salaries, interest, rent, professional fees, and other payments are provided. 2) Higher TDS rates of 10-20% apply to individuals compared to 10% for companies. 3) Surcharge is not applicable on TDS for resident payments (other than salaries) from April 1, 2009.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    9 views2 pages

    Tds Rate 10 11

    Uploaded by

    Sud Nad
    The document outlines new tax deducted at source (TDS) rates as proposed in the Finance Bill of 2010. It provides the TDS rates for various types of payments made to individuals, HUFs, domestic companies, and firms both before and after enactment of the bill. Some key points include: 1) TDS rates for salaries, interest, rent, professional fees, and other payments are provided. 2) Higher TDS rates of 10-20% apply to individuals compared to 10% for companies. 3) Surcharge is not applicable on TDS for resident payments (other than salaries) from April 1, 2009.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
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    NEW TDS RATES APPLICABLE (AS PROPOSED IN THE FINANCE BILL, 2010)

    Particulars Sr. No. Nature of Payment Section If recipient is an Individual or HUF If recipient is a Domestic Company or Firm

    Pre enactment of Pre enactment of Post enactment of Finance Finance Finance Bill, 2010 Bill, 2010 upto Bill, 2010 upto w.e.f. 01.07.10 30.06.10 30.06.10 IT IT IT 10 10 1 20 0 10 10 1 20 0 10 10 2 20 0

    Post enactment of Finance Bill, 2010 w.e.f. 01.07.10 IT 10 10 2 20 0

    1 2a 2b 3a 3b 3c

    Salary Interest from Bank Interest other than interest on securities Payment to Contractors Payments to transporters, where PAN is not available. Payments to transporters, where PAN is available.

    192 194A 194A 194C 194C 194C

    As per slab rates prescribed for women, senior citizen and other individuals

    Commission or Brokerage

    194H

    10

    10

    10

    10

    5a 5b

    Rent of Land / Building / Furniture (Property) Rent of Plant, Machinery or Equipment

    194I 194I

    10 2

    10 2

    10 2

    10 2

    Fees for Professional & Technical Services / Royalty

    194J

    10

    10

    10

    10

    Payment where PAN is not available ( Payment other than salary)

    20

    20

    20

    20

    Note : 1 Note : 2

    Above rates are not applicable in case of payments made to foreign companies and non residents. In case of payments to foreign companies, SC should be levied at 2.5 percent ( where total income of the foreign company exceeds INR 10 million ) and EC should be levied at 3 percent. However, in case of payments to other non residents, only EC of 3 percent should be leveid. Surcharge and Cess is not applicable on tds from 01.04.2009 on any payment made to resident (other than salary).

    10)

    Criteria for Deduction

    SC not applicable. Only levy EC. Payment in excess of Rs. 10,000 p.a. Payment in excess of Rs. 5,000 p.a. Pre enactment of Finance Bill, 2010 upto 30.06.10 Payment in excess of Rs. 20000/- per contract or Rs. 50000 p.a. Post enactment of Finance Bill, 2010 w.e.f. 01.07.10 Payment in excess of Rs. 30000/- per contract or Rs. 75000 p.a. Pre enactment of Finance Bill, 2010 upto 30.06.10 Payment in excess of Rs. 2500 p.a. Post enactment of Finance Bill, 2010 w.e.f. 01.07.10 Payment in excess of Rs. 5000 p.a. Pre enactment of Finance Bill, 2010 upto 30.06.10 Payment in excess of Rs. 120000 p.a. Post enactment of Finance Bill, 2010 w.e.f. 01.07.10 Payment in excess of Rs. 180000 p.a. Pre enactment of Finance Bill, 2010 upto 30.06.10 Payment in excess of Rs. 20000 p.a. Post enactment of Finance Bill, 2010 w.e.f. 01.07.10 Payment in excess of Rs. 30000 p.a.

    vied at 2.5 percent ( where total income of the foreign company exceeds INR 10 C of 3 percent should be leveid.

    (other than salary).

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