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Section Nature of payment (to Threshold limit (Rs.) TDS Rate (%)
Resident) Upto From Individual / Other than
30.06.2010 01.07.2010 HUF Indiv. / HUF
194A Interest from bank FD 10,000 10,000 10 10
Other Interest 5,000 5,000
194B Winning from lotteries 5,000 10,000 30 30
194BB Winning from horse races 2,500 5,000 30 30
194C Payment to Contractors, 20,000 30,000 1 2
Advertisement Agency / Sub‐ (50,000 in (75,000 in
Contractors, transporter a year) a year)
(see note 1 & 2)
194D Insurance Commission 5,000 20,000 10 10
194H Commission / Brokerage 2,500 5,000 10 10
194I Rent – Property 120,000 180,000 10 10
Rent (for Plant & Machinery) 120,000 180,000 2 2
194J Fees for Professional / 20,000 30,000 10 10
Technical Services or Royalty
Notes
1. For Section 194C – Rs. 20000 / 30000 for single transaction, and Rs. 50000 / 75000
aggregate transactions during financial year
2. In case of payment to transporter, TDS is not required if PAN is provided by the
transporter;
3. TDS is to be deducted at higher of, 20% or applicable tax rate, in following cases.
a. PAN is not provided by deductee; or
b. Form 15G / H is provided by the depositor without mentioning PAN
4. Rate of interest on non‐payment / delayed payment of TDS, with effect from
01.07.2010 is as under
From To Rate (%) for every
month or part thereof
i. date when TDS is deductible Date of actual deduction 1 %
ii. date of deduction Date of payment 1.5%
5. Requirement of issuing TDS / TCS certificates continues for F Y 2010‐11