TDS Rate for FY 2010-11/ AY 2011-12 with Amendment
- Monday, March 29, 2010, 2:51
- Income Tax
- Articles, Featured
TDS Rate for financial Year 2010-11/ Assessment year 2011-12 and Amendment made by union budget 2010
Increase in thresholds limit of deduction of tax from various payments
This bill proposes to increase various thresholds limit for deduction of tax from various payments like Winning from Lottery or Crossword Puzzle, Winning from Horse Race, Payment to Contractors, Insurance Commission, Commission or brokerage, Rent, Fees for Professional and Technical Services. The proposed amendments w.e.f 1st July, 2009 made under the new provision are summarized as under:
(Amounts in Rs.)
| Section | Nature of Payment | Existing | Proposed |
| 194B | Winning from Lottery or Cross word puzzle | 5,000 | 10,000 |
| 194BB | Winning from Horse Race | 2,500 | 5,000 |
| 194C | Payment to Contractors [per Transaction] | 20,000 | 30,000 |
| 194C | Payment to Contractors [Annual Limit] | 50,000 | 75,000 |
| 194D | Insurance Commission | 5,000 | 20,000 |
| 194H | Commission or Brokerage | 2,500 | 5,000 |
| 194I | Rent | 1,20,000 | 1,80,000 |
| 194J | Fees for Professional and Technical Services | 20,000 | 30,000 |
Consequences of failure to deduct tax, or after deducting failure to pay tax deducted/tax collected at source u/s. 201(1A)
Under the existing provision of section 201(1A) of the Act, where the person does not deduct the tax or after deducting fails to pay the tax, he is required to pay simple interest at the rate of 1% for every month or part of the month. Amendments are proposed to treat the cases of failure to make payment, after deducting the tax at source more severally then the cases of pure failure. The proposed amendment to this section w.e.f. 1st July, 2010 has increased the rate of interest in cases of failure of payment after deduction to 1 1/2% for every month or part of the month till the date on which such tax is actually paid. The rate of interest will remain same at one percent for the cases of actual default of deduction of tax itself.
Certificate for tax deducted or collected u/s. 203 and u/s. 206C
The tax department was proposing to grant the credit of tax at source under their Online Tax Accounting System (OLTAS), completely obviating the necessity to issue certificate of deduction of tax at source and furnishing the same with the tax returns. Accordingly, the Finance Act, 2005, section 203 and section 206C(5) were amended for abolishing the requirement for issuance of the TDS and TCS certificate.
Considering the practical difficulties being encountered, the earlier procedure of issuance of TDS/TCS certificate has been restored.
TDS RATE FOR THE ASSESSMENT YEAR 2011-2012 (in %)
(TDS rates with effect from 1st April 2010)
| Section | Natureof Payment | Threshold limitupto 30th June, 2010 (in Rs.) |
Threshold limit w.e.f. 1st July, 2010 (in Rs.) |
Individual/ HUF/ BOI/ AOP |
Firm | Co- operative Society / Local Authority |
Company |
| 192 | Salary | As per slab | As per slab | Normal Rate (incl. cess) |
N.A. | N.A. | N.A. |
| 193 | Interest on Securities | ||||||
| (1) Interest on Debentures or Securities (Listed) | 2500* | 2500* | 10.00 | 10.00 | 10.00 | 10.00 | |
| (2) Interest on 8% Savings (Taxable) Bonds, 2003 | 10000 | 10000 | 10.00 | 10.00 | 10.00 | 10.00 | |
| (3) Any Other Interest on Securities (Unlisted) | 0 | 0 | 10.00 | 10.00 | 10.00 | 10.00 | |
| 194 | Dividend other than dividend covered by Section 115-O | 2500* | 2500* | 10.00 | 10.00 | 10.00 | 10.00 |
| 194A | Interest other than Interest on Securities (other than below) | 5000 | 5000 | 10.00 | 10.00 | 10.00 | 10.00 |
| Where the payer is | |||||||
| (1) Banking Company | 10000 | 10000 | 10.00 | 10.00 | 10.00 | 10.00 | |
| (2) Co-operative Society engaged in banking business | 10000 | 10000 | 10.00 | 10.00 | 10.00 | 10.00 | |
| (3) Post Office (deposit scheme framed by Central Government) | 10000 | 10000 | 10.00 | 10.00 | 10.00 | 10.00 | |
| 194B | Winning from Lotteries | 5000 | 10000 | 30.00 | 30.00 | 30.00 | 30.00 |
| 194BB | Winnings from Horse Races | 2500 | 5000 | 30.00 | 30.00 | 30.00 | 30.00 |
| * in case of resident only | |||||||
| 194C | Payments to Contractors | ||||||
| (1) In case of Contract/ Sub-Contract/ Advertising | 20000 (Note 1) | 30000 | 1.00 | 2.00 | 2.00 | 2.00 | |
| (2) Contractor/ Sub-Contractor in Transport Business | 20000 (Note 1) | 30000 | NIL( Note 2) | NIL (Note 2) | NIL(Note 2) | NIL(Note 2) | |
| 194D | Insurance Commission | 5000 | 20000 | 10.00 | 10.00 | 10.00 | 10.00 |
| 194E | Non-Resident sportsman/ sports association | 0 | 0 | 10.00 | 10.00 | 10.00 | NA |
| 194EE | Deposits under NSS to Resident/Non-Resident | 2500 | 2500 | 20.00 | 20.00 | 20.00 | NA |
| 194F | Repurchase of Units of Mutual Fund/UTI from Resident / Non-Resident | 0 | 0 | 20.00 | 20.00 | 20.00 | NA |
| 194G | Commission on Sale of lottery tickets to Resident / Non- Resident | 1000 | 1000 | 10.00 | 10.00 | 10.00 | 10.00 |
| 194H | Commission or Brokerage to Resident | 2500 | 5000 | 10.00 | 10.00 | 10.00 | 10.00 |
| 194I | Rent to Residents | ||||||
| (a) Rent for Machinery/ plant/equipment | 120000 | 180000 | 2.00 | 2.00 | 2.00 | 2.00 | |
| (b) Rent for other than in (a) | 120000 | 180000 | 10.00 | 10.00 | 10.00 | 10.00 | |
| Note:-1. This limit is for individual transaction. However, if aggregate payment to a contractor during the year exceed Rs. 50,000 (Rs. 75,000 w.e.f 1tst July, 2010), then tax will be required to be deducted, even where individual transaction is less than the threshold of Rs. 20,000 (Rs. 30,000 w.e.f. 1st July, 2010).2. The Nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 20%. (Transporter means persons engaged in plying, hiring and leasing of Goods Carriages) | |||||||
| 194J | Fees for professional / technical services to residents | 20000 | 30000 | 10.00 | 10.00 | 10.00 | 10.00 |
| 194LA | Compensation to Resident on acquisition of immovable property | 100000 | 100000 | 10.00 | 10.00 | 10.00 | 10.0 |
| 195 | Payment of other sums to a non-resident | 0 | Rate specified under Part II of First Schedule of Finance Bill, 2010 subject to provisions of DTAA | ||||
| 196B | Income from units (including long term Capital Gain on transfer of such units) to an offshore fund | 0 | 0 | 10.00 | 10.00 | 10.00 | 10.00 |
| 196C | Income from foreign currency bonds or GDR of Indian Company | 0 | 0 | 10.00 | 10.00 | 10.00 | 10.00 |
| 196D | Income of FII from securities not being dividend, long term and short term capital gain | 0 | 0 | 20.00 | 20.00 | 20.00 | 20.00 |
Note:
In order to strengthen the PAN mechanism, it is proposed to make amendments in the Income Tax Act to provide that any person whose receipts are subject to deduction of tax at source i.e., the deductee, shall mandatorily furnish his PAN to the deductor failing which the deductor shall deduct tax at source at higher of the following rates:
(i) the rate prescribed in the Act;
(ii) at the rate in force i.e., the rate mentioned in the Finance Act; or
(iii) at the rate of 20 percent
The above provisions will also apply in cases where the taxpayer files a declaration in form 15G or 15H (u/s 197A) but does not provide his PAN. Further, no certificate under section 197 will be granted by the Assessing Officer unless the application contains the PAN of the applicant.
TCS RATE FOR THE ASSESSMENT YEAR 2011-2012 (in %)
(TCS rates with effect from 1st April 2010)
| Section | Nature of Payment | Threshold Limit (in Rs.) |
Individual/ HUF/ BOI/ AOP |
Firm | Co? operative Society / Local Authority |
Company |
| 206CA | Alcoholic liquor for human consumption and Indian made foreign liquor | 0 | 1.00 | 1.00 | 1.00 | 1. |
| 206CB/ CC/ CD |
Timber obtained by any mode and any other forest produce | 0 | 2.50 | 2.50 | 2.50 | 2.50 |
| 206CE | Scrap | 0 | 1.00 | 1.00 | 1.00 | 1.00 |
| 206CF/ CG/ CH |
Parking lot / toll plaza / mining and quarrying | 0 | 2.00 | 2.00 | 2.00 | 2.00 |
| 206CI | Tendu leaves | 0 | 5.00 | 5.00 | 5.00 | 5.00 |
Related posts:
- Important changes proposed in respect of Income tax laws in budget 2010-2011
- Charts showing tax rate and impact of Budget 2010 on taxation of senior citizens
- Amendment in section 9 related to Income deemed to accrue or arise in India to a non-resident : Budget 2010
- Tax rate applicable for A.Y. 2011-12 on Income, Dividend, Wealth, MAT, STT, Capital Gain and Presumptive Income
- FAQs on applicability of Surcharge and Cess on TDS after budget 2009 and on new TDS rate
can u send me this tables in excel
Dear Sir
The amendments will be applicable from 1st July 2010. here it is mentioned frm 1st july 2009.
Mr. Jignesh Shah _ please give me your email address to get the excel tables at help@rtihelp.in
Dear Sir,
Please send me this table in the excel format and also inform the said amendments will be applicable from which date.(i.e.1st July 2009 or 2010)
G.Natarajan
THANK U SIR
TDS on rent is mentioned only for Residents, what about non-residents??. Can you please elaborate… Thanks.. Pradeep
In case of foreign remittance, client don’t have PAN. at which rate TDS should be deducted.
i want exact tds deduction amount on Rs. 25000/- payment to contractor
if tds on rent exceeds 120000/- p.a but does not exceed 1.80 lacs .should we deduct tax for april,may, june 2010 because as per the new threshold limit it is 180000/- Please clarify.
Dear Mr. S. Mohan
Since the New rates of TDs applicable w.e.f. 1st July 2010.Hence upto June 2010 you will have to deduct TDS on rent as per provisions of section 194I even though rent is below 1.80 lacs but should be exceeding 1.20 lacs.
please can i have a reply to my query dated 23/4/2010.
S.MOHAN
Dear Sir,
If any event is done in any hotel,is it required to deduct TDS on the hotel bills.
Dear Sir,
Above details do not clear the sec.195. If any foreign party
tender their services i.e. technical in india and have not furnished PAN, in such case what rate of TDS will be applicable.
THE ABOVE DETAILS CONFUSING THE PEOPLE BECAUSE THE MAIN HEADING IS TDS APPLICABLE FROM 01.04.2010 BUT IN THE SCHEDULE GIVEN DATE IS 01.07.2010 PLS CORRECT WHICH IS ORIGINAL
Tds rates are same for Financial year 2009-10 and for financial year 2010-11 but there is a change in threshold limit of exemption. Please read the post carefully you will come to know of the amendments.
U/s 192b Salary for 2010 -11 surcharge and cess are aplicaple or not.
It is Applicable.
Dear Sir
my client paid rent greater than 120000 but less than 180000. can i deduct tds for the month of april may june. because limit extend from 1.7.2010
Plz reply early as possible
Thanks
an foreign employee with a indian employment contract (under employment visa for 1 year) paid directly to a service flat company the monthly bill without deducting TDS. This foreign employee sought reimbursement from the indian company. Apart that this reimbursement forms a monetary valuation to be added to the taxable salary, is there a ‘tax legal error’ in not first, deducting the TDS , and secondly in the company reimbursing the foreign employee 100% of the hotel expenses made. Also note that the hotel bill is in name of the company, but receipt of payment in the name of the employee.
Required TDS rate to be deducted for A.Y. 2011-2012 if rent amt is more than 1,80,000/- p.a.
Dear sir,
If any Vendor charge VAT on the bill value & if the job related any contract can we deduct TDS as per the Contract Rate / Also let me know can we deduct TDS on the job value or entire bill value(Which is includes VAT).
Dear Sir
I am an NRI. My annual interest on my fixed deposits are less than 1 lacs. Do I need to submit 15G to stop TDS deduction? Do I need to file Income Tax Return each year?
Appreciate your help in responding to my both questions.
Thanks
How to arrive income in Road constrction contrct under Indian income tax Act
please send me this table in the excel format
1)TDS Rate
2) Professional Tax Rate Salary
Ravindra Gomane
give me depeciation details
Biswajit Says:
May 3rd, 2010 at 1:48 pm
U/s 192b Salary for 2010 -11 surcharge and cess are aplicaple or not.
CA Sandeep Kanoi Says:
May 4th, 2010 at 6:11 am
It is Applicable.
Sir as per my understanding surcharge is waived of wef f.y 2009-10 and only 3 % cess is applicable. Kindly confirm as we are not charging surcharge nowdays while deducting TDS u/s 192B
Yes it is applicable on Salary. On other payments surcharge and CEss not applicable while deducting TDS.
I need data or case laws help me for CA office at residence at co-op hsg soc.
Our Socity Committe is objecting of using Drawing room for My office purpose
Thanks in advance
we had arrange local person to shifting office (Labour charges & transportation charges) & he charged Rs.36,000/- for same. But we pay hole amount in cash without deduct TDS. Is it ok? What the limit to pay cash without deduct TDS?
I am confused,I am regularly including my dividend income in my total income.I found tax is paid by company . Should we include dividend income in our return?
Dividend is exempt from tax so need not be included in taxable income.
SIR,
I AM APPEARING IN THE FINAL YEAR EXAM OF LLM THROUGH DISTANCE EDUCATION FROM THE GLOBAL OPEN UNIVERSITY, NAGALAND, IN JUNE 2010, AND GET MY RESULT IN THE MONTH OF OCT.2010.
I want to enrolled for PHD in LAW, from any Indian university,
I AM ELIGIBLE FOR TAKING ADMISSION IN PHD IN LAW OR NOT ?
please guide me ..
Regards..
–
Thanks & Regards,
Ashish Kamthania,
BSC, BED, PGDCA, LLB,
(Tax Consultant & Advocate)
Income Tax, Commercial Tax & VAT,
23, Tilak Colony,
Rampur – U.P.
244901 INDIA
Mobile :
09258010105.
please sent to excel format (tds rate table)
IS TDS TO BE DEDUCTED ON HOTEL ACCOMODATON GIVEN BY THE COMPANY TO EMPLOYEES WHO HAVE COME FROM OTHER CITIES FOR TRAINING ETC. SHOULD WE DEDUCT TDS AND PAY THE BILL. IF IT IS PAYABLE PLEASE CONFIRM WHETHER WE NEED TO DEDUCT TDS UNDER RENT OR CONTRACT.
please sent to excel format (tds & tcs rate table). tq
btw, i new to India taxation, could u guide or advise me whether to get the simple & complete guidance for the latest Accounting std & taxation in India.
Your advice would be deeply appreciated.
Thanking u in advance…
PLEASE SEND ME THR EXCEL FORMAT OF TDS RATE CHART
Hello sir,
Do banks deduct TDS for the interest earned from savings account? Should that be included in total income?
please can you advise?
1) Where FCRA return will be filed in delhi.
2) What is the last dt of filing the Return of TDS recovered from Sub Contractor & where to file the return in Delhi.
what is the assessment year for june 2010
sir,
if a private company gives remuneration to its managing director than any TDS liability arise of the company
if a real estate company give a contract for build a flat and contact amount is exceed to rs 50000/-
in this case any tds liability arise of the co u/s 194c
can u send this chart in excel formate
Sir, I am a life insurance advisor. The company deducts income tax and service tax on the commission payable. Income tax deducted can be got refunded by making savings and filing IT returns. What about the service tax deducted? The commission paid by company is from the premium paid by the customer, from whom service tax etc are being deducted alongwith other chares of the scheme. From that premium amount I get commission, for which again service tax is deducted? Is it justified? Is this not a double jeopardy? can I get that amount refunded? Pl advice.
Sir,
I am running a Wedding Hall since five years. Yearly turnover reach fin year 2009-2010 Rs.11Lakhs. I have paid Service tax for the exceeded portion of Rs.1Lakhs @10.3percent.
During the financial year 2010-11 I was told by the Chartered Accountant that I must pay tax for the entire amount. Please explain.
Regards,
Muhammed Yusuf
we have an indivdual firm in the name of Vigil Security Services
SO pls inform to us the rate of TDS of our firm
it is 1% or 2 % will be deducted on bill
I want to know the TDS rate on fixed deposits in bank for amount exceeding 15 lacs. Could you mail me this information?
Dot 180000/-Rent that TDS 10% deduct or not please reply me
My CA say yes deduct his rent but other than CA say not deduct on rent becase rent exact 180000/- so what i do……….deduct yes or no please reply me
U NEED TO DEDUCT
Dear sir,
if rent from april to june rs. 10000 per month & july to march rs. 15000 per month in this condition we deduct tds or not
please send me clearification
no need as will not exceed 180000
Please send me this table in the excel format and also inform the said amendments will be applicable
Read more: http://www.taxguru.in/budget-2010/tds-rate-for-financial-year-2010-11-assessment-year-2011-12-and-amendment-made-by-union-budget-2010.html#ixzz0uTjuK9V6
Which Tax will be charged on scrap Sale in Interstate
company deductee
TDS Rate on Interest upto 30-09-2009
Sir, Please give me, T.D.S. slabs rate for 2010-2011.
Thanks,
Regards,
Parag.
i need how to calculations of tds i dont abt tds i need good detial pls
pls send me this table in excel format
thanks, pls send me this table in excel format on my email id anita_ghadge@rediffmail.com
DEAR SIR
I PURCHASES HOUSE PROPERTIES ON 26.10.04 IN RS-3,99,350/- & SALES ON 29.10.2009 IN RS- 8,00,000/- PROFIT RS:-4,00,650/-
WHO MANY INCOME TAX PAYBLE ON PYOFIT ?
PL.GIDE ME.
UPADHYAY
9029381867
Hello Sir,
My company has deducted TDS but the same amount was not deposited to Government. When I questioned about the same, they told me they will give me but now they are just giving me the dates n dates.
What would I do? Do I lodge the same into Consumer Forum?
Please guide me.
Regards,
Piyush Bansal
+91-9870055441
DEAR SIR
OUR COMPANY DEDUCTING TDS UNDER SECTION 194J WHEN MAKING PAYMENTS TO HOSPITALS FOR HOSPITALIZATION OF OUR EMPLOYEES IN EMPANELED HOSPITALS APPROVED BY US .IF THEY HAVE PRODUCED TDS EXEMPTION CERTIFICATE AT THE TIME OF MAKING PAYMENTS THEN WE WILL NOT DEDUCT.NOWADAYS ALOT OF ARGUMENTS ARE TAKING PLACE BETWEEN OUR CO AND HOSPITALS FOR JUSTIFYING THE SAME.
HOW CAN I GIVE CORRECT REPLY & TELL US LIST OF PROFESSIONAL SERVICES UNDER 194 J ALSO?
NAVANEETH
AAO FIN/
BHEL
KOLKATA
If in entire Q1 of current year, I have not deducted any TDS, but paid transport freight without TDS as driver gives me PAN, whether I ma required to file quarterly TDS Return or not.
Please send TDS RATES TABLE in Excel Format
excelent site
sir i need tds rates table in excel format
Sir,
I need the TDS table in Excel format…..
Dear Taxguru
My mother has rented our parental house to a company in july, 2010 for the rent amount of 20,000 per month. After three months of paying rent, the company has deducted tds at the rate of 10.3% for the previous three months also. Kindly guide if the company needs to deduct tds or we can
ask them to give us the entire amount since she does not have any other income and the tds amount also do not go beyond 180000/-
tds,service tax ,excise,vat & gst , income tax amedment & rules & exemption limit all taxes
tds services tax, vat, and income tax exemption limits of taxes .
In case of foreign remittance, client don’t have PAN. at which rate TDS should be deducted.
Please send me service tax Exemption limit Tds rate Income tax rate P.tax rate vat & cst rate & oter in my email id.
pls send me a rate of all taxes,financial year 2010-11,and financial year 2009-10
Sir,
please send details of Exemption limit Tds rate Income tax rate for financial year 2010-11-assessment-year-2011-12 in my email id.
pls send me a rate of all taxes,financial year 2010-11,and financial year 2009-10
pls send me a rate of all taxes,financial year 2011-12,and financial year 2010-11
tds services tax, vat, and income tax exemption limits of taxes .
pls send me a rate of all taxes, financial year 2011-12and financial year2010-11
Sir,
Please send to current TDS rate& exmpect rate.
Thanks & Regards
Alok Yadav
9560854007
Pl arrange to send me the TDS Rates for the Assessment year 2010-11 & 2011-12 in Excel format. Thanks.
Sir,
Pl arrange to send me the TDS , Vat & Service Tax Rates for the A.Y. 2010-11 and 2011-12. Thanks.
Sir,
Pls send me a rate of all taxes, financial year 2011-12and financial year2010-11.
Thank you.
pl send me a rate chart of tds for the financial year 2010-11
Dear sir,
We are pvt ltd company, pls send me various rate of TDS(CHART)
Thanking u
Zakeer husain
Dear Sir,
Salary & Rent T.D.S. KITNE PERCENT LAGAGA 2010-11 KE SLAB KYA HAI
This site is really helpful to all.
Please send me the rates in detail for the FY 2010-11 for the below:
TDS, Service Tax, APVAT, WCT
Thank you,
Rajesh
Please i Want to Direct tax and Indirect tax formats
Sir,
will you send WCT rates details.
Because, we are going to enter.
Hello Sir,
sir ji give me TDS Rate f.y 2010-11 upto date sep-10 a.y.2011-12
thanikg you
Hello sir,
plz give me TDS Rate f.y 2010-11 for excel formate..
Hallo sir
Plz give me the TDS return filing forms
We paid rent Rs. 10000/-, Rs.18150/-, RS. 13000/- to same land lord(staTUS- HUF) for different premises. can we deduct TDS on THREE RENT AMOUNTS. THOUGH THRESH HOLD LIMIT IS rS 180000/-
Sir please give me the TDS rate chart for the A.Y.2011-12 in excel fromat.
we are working in pvt ltd co., pleas send me details with
chart for the financial year 2010-11 for the assessment year 2011-12 at any cost.
Sir,
Please send me TDS rates in excel format for the financial year (2010-11).
hi sir i am joining a accountant in a private company so please help me how to calculate the salary base TDS pleases send me as early as possible
i have rented out a commercial property for 19,000 per monyh since december 2009. what is the TDS amount that can be educted from the rent. also please suggest me if i do agree to deduct the TDS from the rent or shall i take the entire rent and then file tax return for the income
pls send this sheet in excel file.
Please let me know whether surcharge and additional surcharge on I.T & S.C.is collected on sale of scrap u/s.206 C of I.T and finance act 2010-2011.
please send the following question
private FINANCE company interest paid -TDS Amount deduction section and percentage & date of amendment must
thanking you
SIR,
I WANT TO KNOW WHAT WILL BE TDS RATE ON HEAVY MOTOR VECHILE HIRING LIKE CRANE,HYDRA ETC.
IS IT 2% OR NIL? PLZ GIVE ME LIGHT IN THIS MATTER
plz confirm wheher the rates provided tel whether it is to be deducted of Individual/Company/HUF or whether it is the deductor???????
Please tel individual/huf/company is the deuctor or whose tds is to be deducted?
If Building owner is NRI, Building is in India. Tenant (Firm)is in India, He has to deduct TDS on rent or not. AS owner is in U.S.A. Rent is 47,500/-
Can I get summary sheet of TDS Rates.
whats the percentage for we have local transporter services ( matrl supplied) they now given bill monthly TDS to be deducted pls confirm
Mob; 81 23 28 07 26, Sys – N consultants Blr
we are a private limited company and have taken on rent a property from an individual from for a rent of Rs. 1,50,000 per month in hyderabad. What is the TDS we have to deduct and aso let me know if we have to pay any service tax on this rental
Rates of TDS for major nature of payments for the Financial Year 2010-11
Particulars Rates from 1.4.10 to 31.03.2011
Section Nature of Payment Criteria for Deduction
(payment in excess of) upto
30th June 2010
Criteria for Deduction (payment in excess of) w.e.f. 1st July 2010 If the recipient is a Company, Co- operative Society, Firm If recipient is an Indivudual or HUF
194 A Interest from a Banking Company Rs.10,000/- p.a Rs.10,000/- p.a 10.00 10.00
194 A Interest other than from a Banking
Co.
Rs.5,000/- p.a Rs.5,000/- p.a 10.00 10.00
194 C Contractors Rs.20,000/- per contract or
Rs.50,000/- p.a
Rs.30,000/- per contract or Rs.75,000/- p.a 2.00* 1.00*
194 H Commission or Brokerage Rs.2500/- p.a Rs.5,000/- p.a 10.00 10.00
194 I Rent other than Plant, Mach.& Eqp. Rs.1,20,000/- p.a Rs.1,80,000/- p.a 10.00 10.00
194 I Rent of Plant , Machinery & Equipments Rs.1,20,000/- p.a Rs.1,80,000/- p.a 2.00 2.00
194 J Professional Charges Rs.20,000/- p.a Rs.30,000/- p.a 10.00 10.00
* No tax is to be deducted in the case the Contractor is in transport business and PAN is Quoted by him
It is very good that rates r being revised
Please send the latest amendements made in income tax act 1961 by mail
N.L.N.SWAMY
TDS Rate of Building Rent to NRI
pls send all updates of TDS,,,
thanks
regards
ranjan singh
position of hra amended may please be given
i want to know tds on rent in case of pvt.ltd. co. paid to rent to individual and limit
let me know that if pvt ltd. co. paid rent to individual limat and rate tax for the yr. 2010 and 2011 [ f.y.]
pls send all updates of TDS
Please send me all update of TDS TCS for AY 2011-12.
PLEASE CONFIRM ECAND SHEC IS NOT CHARGEABLE WHILE DEDUCTING THETAX AT SOURCE AND FOR FILING RETURN THE EC AND SHEC IS CHAREABLE -KINDLY CLARIFY
please send slab rate of TDS and TCS in Details on my mail. please feedback of me as early as possible.
thanking you
and best regards
Eqbal
send me the ds detail.
I HAVE STUDIED TAXATION FROM TAXMANN STUDENT’S GUIDE ASSESSMENT YEAR 2010-2011. NOW MY SCORE WAS 52 IN NOV’10. BUT MY GR. IS NOT CLEARED. FOR TAX SHALL I BUY THE TAXMANN STUDENT’S GUIDE ASSESSMENT YEAR 2011-2012
I want to know that being a transporter who hire trucks from market should file tds return or not. if yes pl give prescribed form and oblige.
please send slab rate of TDS and TCS in Details on my mail
if 15000 per month rent slip is submitted by an employee weather TDS has to be deducted or not
please send the head wise amedment in Ay 2011 2012
i think no changes for financial year 2010 – 2011
plz refer income tax slab
Sir, to avail the tax exemption from house rent weather i can submit the rent slip for 180000 as the thrshold for the rent has been increased to 180000 from 120000 for the fy 2010-11 because my salary is in the slab of 30% or can submit the rent slip of 15000 from july 11 onwards only without falling in tds on house rent
Dear Sir
Plz Sent me Rate Of TDS ,Slape & All updates
send me tds slape
As per my knowledge while payment of salary TDS has been deducted beyond certain limit.
Respected,
plz. send me Rate Of TDS, & slaps new updates etc.
Thank You
plz sir sand me salary rate of tds……….
dear team
kindly provide me new tds rates financial years 2011-12 nature of expenses and deduct of % rate for the f.y- 2011-12
new slab of income tax financial years 2011-12
plz send me practical question, with solutions of service tax & VAT for examination purpose
Under payment to Contractor/ Sub-Contractor in Transport Business. if the freight amount is Rs. 15000 in single transaction and the transporter is not having PAN No. then is it mandatory to deduct TDS and what will be the situation if the payment to same transporter for the whole year is below 75000.00.
Regards
KAMAL
hi. sir ,
I want to know about the corporate tax with the slabe. I aslo wan to know how to research on financial product plz help me some suggetion.
Dear Sir,
Can you please tell me that how much interest do we have to pay on late payment of TDS on transportation and commission & brokerage.Can you exactly tell me how do we calculate that.
Thank You.
pls send me updated rate of Tds as well as Tds summit return form for all such tds return.
i want to know about tds rates for interest rate for fdr
dear team
kindly provide me new tds rates financial years 2011-12 nature of expenses and deduct of % rate for the f.y- 2011-12
new slab of income tax financial years 2011-12
Thanks
Dhokare D S
9881155934
Hi,
kindly tell me the slab rates of income which is applicable for the A.Y 2011-2012?
Please reply tds chart for the financial year 2010-11 and Assessment Year 2011-12
is TDS is apllicable for payment made to a contractor NRI InD at what rate
please give me incometax slab rate or tds rate for the ass. year of 20111-2012
i pay 16500 rent. so i charge tds 10% but this tds Charge by total rent or every month rent. i will pay yearly tds. or every mothly
I received Commission Per monthly Approximate 40000 with Service Tax and deducted TDS amt . Please give me Calculation , How to Pay Service tax amount?
As the single payment does not exceed Rs 20000( Rs 30000 from 1st july,2010) and Rs50000 yearly( 75000 w.e.f. 1st july 2010)it is not subject to tax deduction u/s194C. so the tax is not deductible at source.
As u r a insurance agent u r providing services of selling of insurance policy on behalf of the company.so u r the service provider to the co.so u r liable to collect Service tax from the company and deposite the same to the credit of central govt.but in case of insurance agent the co himself pays service tax liabilty so u r not required to pay service tax any more.
U pay 16500 monthly.so u r requred to deduct TDS @10% monthly on 16500.and to deposite Rs 1650 monthly before 7th day of the following month in which month the TDS is deducted.
for the purpose of TDS EC & SHEC is not deductible but while calculating final tax liability EC & SHEC Is payable
As the status of the receipientis individual,the rate is 10%.
10%
what is TDS rate for advertisement for the financial year 2011-12
WHAT THE TDS RATE ON HOUSE RENT WHATS THE METHOD OF CALCULATION AND WHATS THE TDS FREE AMOUNT ON RENT
If a contractor’s 1st bill amounted to Rs. 20000/- & then 2nd bill amounted to Rs. 30000/-. Then the TDS should be charged on Total of Rs. 50000/- or on Rs. 30000/- only ?.
And also if 1st bill amounted to Rs. 20000/- & then 2nd bill amounted to Rs. 30000/- & 3rd bill amounted to Rs. 20000/-. Then the amount of TDS should be what ?
kindly provide me new tds rates financial years 2010-11 & 2011-12 nature of expenses and deduct of % rate for the f.y- 2010-11 & 2011-12
new slab of income tax financial years 2010-11 & 2011-12
Regards:
Rajkumar
tawaniaraj@hotmail.com
+91 96819 96165
Dear Sir
kindly provide me new tds rates financial years 2011-12 nature of expenses and deduct of % rate for the f.y- 2011-12
new slab of income tax financial years 2011-12
Thanks
Dear Sir
Request to provide me new TDS rates financial years 2011-12 nature of expenses and deduct of % rate for the f.y- 2011-12
new slab of income tax financial years 2011-12
Thanks
I am geting salary @ 9000 per month.So i want to know that what amount of TDS is deducted from my salary and how could i got refund of that amount.
any budy know about rate of TDS On all ( Contractor, Prof., Salary , Rent, ) etc
Please call me and tell me i will wait for our hepl.
thanks you
Daljeet Chouhan
Mobile – 9873748032
hi,
I want tds calculator for the financial year 2011-2012
&
is there any one using tally.erp9 release3, if any one is there, please help for passing one entry for payment to contractor because i want to take all the reports which are related to tds from tally only. One confusion am facing when am selecting a particular party i.e. A and at deducteee type what option i have to choose (he is a tranporter and having pan card ) i tried to call that transporter and asked whether there firm is partnership he said no. what is company deductee type
please help in this issue
hi,
I want tds calculator for the financial year 2011-2012
&
is there any one using tally.erp9 release3, if any one is there, please help for passing one entry for payment to contractor because i want to take all the reports which are related to tds from tally only. One confusion am facing when am selecting a particular party i.e. A and at deducteee type what option i have to choose (he is a tranporter and having pan card ) i tried to call that transporter and asked whether there firm is partnership he said no. what is company deductee type
please help in this issue
pls send me the new vat rates list in chandigarh
WHAT THE TDS RATE ON HOUSE RENT WHATS THE METHOD OF CALCULATION AND WHATS THE TDS FREE AMOUNT ON RENT
TDS RATE FOR THE ASSESSMENT YEAR 2011-2012 (in %)
(TDS rates with effect from 1st April 2010)
Section Nature
of Payment
Threshold
limit
upto
30th June,
2010
(in Rs.)
Threshold
limit w.e.f.
1st July,
2010
(in Rs.) Individual/
HUF/ BOI/
AOP Firm Co-
operative
Society /
Local
Authority Company
192 Salary As per slab As per slab Normal Rate
(incl. cess) N.A. N.A. N.A.
193 Interest on Securities
(1) Interest on Debentures or Securities (Listed) 2500* 2500* 10.00 10.00 10.00 10.00
(2) Interest on 8% Savings (Taxable) Bonds, 2003 10000 10000 10.00 10.00 10.00 10.00
(3) Any Other Interest on Securities (Unlisted) 0 0 10.00 10.00 10.00 10.00
194 Dividend other than dividend covered by Section 115-O 2500* 2500* 10.00 10.00 10.00 10.00
194A Interest other than Interest on Securities (other than below) 5000 5000 10.00 10.00 10.00 10.00
Where the payer is
(1) Banking Company 10000 10000 10.00 10.00 10.00 10.00
(2) Co-operative Society engaged in banking business 10000 10000 10.00 10.00 10.00 10.00
(3) Post Office (deposit scheme framed by Central Government) 10000 10000 10.00 10.00 10.00 10.00
194B Winning from Lotteries 5000 10000 30.00 30.00 30.00 30.00
194BB Winnings from Horse Races 2500 5000 30.00 30.00 30.00 30.00
* in case of resident only
tds will deducted on Rs 50000/-
Dear sir
We are hiring a scopio vehicle from a individual person for this we are going to pay every month rupees 25000/- so please say me how i will calculate the tds and in which nature of payment i will deposit this amount.
we are taking a scorpio from a private party for travelling purpose of our company pesons for this every month we are paying 25000/- so at end of the year how i will be calculate the tds amount and in which nature i will pay it to the govt please say me immedialty
Sir,
pl. let me know the % of tds to be paid at source for non-company for payment of
seneirage amount for the financial year 2011-12 Assessment Year
Thanking you,
We want to have full set of software on TDS which has to generate challan, annexure,cerficate and Q return.
will you help me out
whether TDS on rent in case of joint property where the owner of the property is 50-50%, and if the the combined rent exceeds the ceiling but not the individual rent, in that case is it necessary to deduct TDS on rent at source. Eg. if the total rent received by the joint landlords is Rs.18500.00 per month, do we have to deduct tax on rent at source during the current financial year i.e. 2011-12.
Sir,
Can Individual deduct a tds on Bill received from Professionals?
pls solve my query
thanks
regads
Vinayak
sir,
can you deduct rent for aminities pls solve my query
Dear Sir,
How to inditified differance between company & indivisual.
given tds rates are very complex pls give the exact rates of tds
I am based out in Singapore Travel agent, Selling rates of Indian hotel, is that hotel need to deduct TDS from my commission. i am not paying income tax in india and not ragister in india?
plz let me know how to calculate surcharge on winning of lotteries
NO,the property constitute two parts, each owned by the separate individual, hence the rent received by each individual is bellow the thershold limit of Rs.180000/. There fore TDS is not tobe deducted.
Pls let me know if i can get Income Tax Exemption on the commission amount paid to the real estate agent, my main source of income is RENTAl INCOME?
no query
plz i want tds slab rate 2011-2012,
plz snd me d tds chart
u can identify the status of person from there 4th alphabet of PAN no.
p – individual,
C – company,
F – Firm
I have got my TDS from my organisation but since I swapped my organisation in last Assessment year and although i submitted my form 12B there was a error in TDS which hot deducted . So I have to pay an additional amount . Can this be declared in my organisation for deduction in next assessment year or I have to pay it now . If i have to pay it now , I see many option like advance tax, self assessment etc category so in which category i should pay the remaining amount
i am service in bank, my question is , customer invest amount in STDR Capital gain schme and no TDS is tobe deducted on it,
Query: Whether TDS is to be deducted(capital gain scheme) on the amount of interest or it is to be exempted because capital gain scheme amount is exempt.
customer want TDS examption certificate, can i given certificate(under which sec.of it laws). pl advise any printed format availabe.some deposits of Motor excident claim tribunal office and other govertment offices(i.e.police,court etc) their own funds (No PAN No.is given) can exampt of TDS.
I DEDUCT TDS FOR A.Y.2011-12 BUT NOT PAY TAX & NOT FILING RETURN TILL DATE WHAT ABOUT
IN AUDIT
You ought to deposit TDS with interest by 1.5%.from the date of deduction to the date of deposit. here part of the month will be considered as a full month.
Dear Sir
while submitting the e filing (ITR 1) my name given was wrong. however PAN number, amount etc were all correct. I could not file the Revised Return since the system (IT) does not accept Revised return sunder section 139(1). Please advise.
Thanking you
Mam, your Question is not clear just tell in detail so that I can reply you
Thanx
MADAM, you can get the TDS Chart from Incometaxindia.gov.in
Thanks
Which form is to be used for filing IT-return for TDS on Professional Fees(194J)?
Can anybody pl guide
sir,
kindly advice me tds deducts f/y 2010 to 2011 and deposited to challan but not deposited to returns how show tds amounts 26as ca ask for him u can give the trail balance finalized of balance
thanking you
rampravesh
during partition of india / pakistan in 1947 muslim population was forced to leave india. they left behind their immovable properties. the authorities in jammu and kashmir set up a department, administered locally, (kept out of state exchequer) to monitor and maintain these properties. this department receives rentals from the authorised occupants of these properties ( land, shops, buildings, houses). is this rental income taxable. which section of income tax act does apply here.
very useful inforamtion.But the tax information will change from year to year.
Hi
For professionals they have to submit there returns in ITR-4.
Sir,
Pls let me know the % of tds to be paid at source for Company for payment of sewerage amount for the financial year 2011-12 Assessment Year.and Can u please tell me in the construction field which is the deduct from the TDS & what is the percentage.
Thanking You.
some of the institutes are deducting 10% tds on contracts. The contractors who are involved in services like construction of roads, construction of building, establishment of power grids & other civil nature of work are being deducted TDS @ 10% from their bills. It is correct or it is not. If it is correct why u/s 194 (C) the rate for contract is shown as 2% only.
YES YOUR INCOME IS ACCRUED IN INDIA THERE FORE THOSE COMMISION ARE YOU RECEIVED ARE ELIGIBLE FOR TDS.
threshold exemption limit is not has 180000 on any year and tell your question again clearly then i will give u answer
Q. We are running a school. our landlord is a NRI and we have to pay annual rent about Rs.158000/- in the current FY2011-12. As per sec.194I of the ITAct’1961 TDS on rent paid to resident-individual should be deducted @10% if total rent exceeded to Rs.180000/- per annum ..and @20% in the case of Non-PAN.
Please suggest-
a) what should be the TDS rate in the case of NRI-(Individual) with valid PAN or Non-PAN too ?
b) further, please also clarify what is the threshold limit for tds deduction reg. payment of rent to NRI. Is it the same as mentioned in sec.194I or zero (no minimum limit) ?
c) Is any difference of TDS rate…. if you find any provision in ADT with USA / Canada in such type of payment.
how can deduct tcs from a minor quarry owner who remit royalty of rs.25000/-
Fees for professional / technical services to residents is exemptable under 194J upto 20000/- proposed is 30000/-. In this regards, who is called as a professional. Managers above grade is treated as a professional ??
sir,
plz tell me how to change the challan of tds 194c in to 194 j, after deposited online from our bank,
dear sir, can challan of tds changed from 194 c to 194j after depositing amount. if yes kindly send the procedure.
i working a manufcatue company and we are recived Transport bill 9850/- Without pan , please tell me what TDS RAte , Which amount TDS Deducted on Transporter amount limit
PLZ SEND ME CHART RATES OF TDS FOR 2011-12
Please send me the late interest rate of contractor services (194C) for the assessment year 2012-13.
How can deduct tds on professional charges if amount is rs.29500 and it is a first bill from consaltancey.
I offer professional web marketing services to a client under a company name(PVT LTD) and used to collect monthly amount of Rs.25000/-. Now i want to take these monthly payments on my Individual name.
Could you please let me know, how to approach the client for change of Account and in which Tax section i will be in ?
how much interest on tds on salaries after due date monthly
Send to me rate chat on Id
Thanks
Hi,
Kindly confirm if Rent Include Service Tax (100000+10300)=103000.In what we have TDS deduct (Gross or Taxable).
Please confirm ASAP
as per sec194I tds should be deducted only rent portion (excluding service tax ) ie.only 100000
Sir,
I am working in a state govt.managed project known as RASTRIYA MADHYAMIK SHIKSHA MISSION at Bhubaneswar of ODISHA. As per order of Secretary of Odisha Govt. Being the chairman of our society, renovation work of our office has been made of amount Rs.25.00lakhs through departmentally. now my question is wheather we will deduct TDS ON CONTRACT AS some portion of work has been done through subcontractor.
sir i am a govt. servent i want h.r.a.`s rebate my total salary yearly 3.4lakhs what will given recipt of h.r.a. is must
can any body tell me tdc on interest which rate calcute
i am an insurance agent, i share commission with 3 persons for refering me clients. pls let me know till how much amt i can pay without tds.
Respected Sir,
If we have to make a single payment in a year to a transporter of Rs. 16,000/- and he is not having Pan no. then should i deduct tds or not ? My confusion is that whether a transporter should have PAN no in all cases or else only if his total payments exceeds Rs 75,000/- in a year.
regards
Kunal
amount limits for individual contractor tax payments (1%)
194C threshold limit of individual contractor please send details
i m employee of privet com. my office is on rent can i deduct tds on giving my rent amount??
please send me rate chart of assessment year 2012-2013 with full details.