amit arun associates
   
Home Contact Us Site Map
Home about us Latest News Contact us

Fixed Assets Verification Services

Payroll Processing Service

Employee Benefit Administration

Tax Consulting

Foreign Direct Investment

File GST & E-TDS Returns
 
 
 
 
 

NEW TDS RATES FY 09-10 ONWARDS

Posted @ July 12, 2012, 9:00 pm under (GST & TDS Returns)

 

NEW TDS RATES FY 09-10 ONWARDS

TDS rates effective from 01.10.2009

  1. No surcharge and cess on tax deducted on non-salary payments made to resident taxpayers. so now onwards(01.10.2009) Tax should be deducted on Basic rate only given in respective section. No education cess or Surcharge is to be deducted except in the case of salary where Tax should be deducted after including the Education cess. Surcharge on individual and HUF assessee has already been abolished for full year fy 2009-10.
  2. 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

 

NEW TDS RATES FROM 01.10.2009 PROPOSED IN BUDGET 2009

PRESENTED ON 06/07/2009

Particulars

NEW TDS RATES% IF DEDUCTEE IS

Section

Nature of Payment

CUT OFF AMOUNT

INDIVIDUAL and HUF

OTHER

194A

Interest from a Banking Company

Rs. 10,000/- p.a

10.00

20.00

194A

Interest other than from a Banking Co.

Rs. 5,000/- p.a

10.00

20.00

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 the 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 on tax deducted on non-salary payments made to resident taxpayers.

 

www.amitarun.com


Website Designing  Company Image Map
Contact us Disclaimer Privacy Policy Site Map