Finance minister made many changes in rules and section related to TDS in his Final budget presented in July 2009 which resulted in change in TDS rates which created confusion on applicability of surcharge and cess on TDS. It also created confusion about the date of applicability of 20% rate of TDS when PAN not given. In his Budget finance minister made most of the provisions applicable from 1st October 2009. We are presenting below the TDS rates from 01st October 2009 to 31st March 2010 along with the name of TDS return form in which TDS return will be filed.
Download TDS Rate Calculator Post Budget for the Period from 01.10.2009 to 31.03.2010
Download TDS Rate Calculator Pre Budget for the Period from 01.04.2009 to 30.09.2009
Form 24Q:
| Male | Female | Senior Citizen | Tax (%) |
| For Income Between 0 to 1,60,000 | For Income Between 0 to 1,90,000 | For Income Between 0 to 2,40,000 | 0 |
| For Income Between 1,60,001 to 3,00,000 | For Income Between 1,90,001 to 3,00,000 | For Income Between 2,40,001 to 3,00,000 | 10 |
| For Income Between 3,00,001 to 5,00,000 | For Income Between 3,00,001 to 5,00,000 | For Income Between 3,00,001 to 5,00,000 | 20 |
| For Income above 5,00,001 | For Income above 5,00,001 | For Income above 5,00,001 | 30 |
| Surcharge | 0 | ||
| Education Cess | 3 | ||
Form 26Q:
| Section | Nature of Payment | Status | Tax (%) |
| 193 | Interest on Debentures & Securities | 10 | |
| 194 | Deemed Dividend | 10 | |
| 194A | Other Interest > Aggregate sum exceeding Rs. 10,000 for Banking Co’s , etc.per person during the financial year. > Aggregate sum exceeding Rs. 5,000 per person during the financial year | 10 | |
| 194B | Lottery/Crossword Puzzle > Rs.5,000 | 30 | |
| 194BB | Winnings from Horse Race > Rs. 2,500 | 30 | |
| 194C | Contracts to Transporter, who has provided a valid PAN | 0 | |
| Contracts to Individuals/HUF | 1 | ||
| Contracts to others | 2 | ||
| 194D | Insurance Commission > Rs.5,000 | 10 | |
| 194EE | Withdrawal from NSS > Rs.2,500 | 20 | |
| 194F | Repurchase of Units by MF/UTI | 20 | |
| 194G | Commission on Sale of Lottery Tickets > Rs.1,000 | 10 | |
| 194H | Commission or Brokerage > Rs.2,500 | 10 | |
| 194I | Rent > Rs.1,20,000 p. a. Rent of Plant & Machinery | 2 | |
| Rent of Land, Building, Furniture, etc | 10 | ||
| 194J | Professional or Technical Fess > Rs.20,000 | 10 | |
| 194LA | Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during the financial year | 10 | |
| Surcharge | 0 | ||
| Education Cess | 0 | ||
| Note: If there is no PAN details, then from 1st April 2010 TDS will be deduted at the rate of 20%. | |||
Form 27Q:
Section | Nature of Payment | Status | Tax (%) |
| 194E | Payment to nonresident sportsmen or sports association | 10 | |
| 195(a) | Income from foreign exchange assets payable to an Indian citizen | 20 | |
| 195(b) | Income by way of long-term capital gain referred to in sec. 115E | 10 | |
| 195(c) | Income by way of Short-term capital gains u/s. 111A | 15 | |
| 195(d) | Income from other long-term capital gains | 20 | |
| 195(e) | Income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency | 20 | |
| 195(f) | Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India – | ||
| 1.Where the agreement is made before June 1, 1997 | 30 | ||
| 2.Where the agreement is made after May 31, 1997 but before June 1, 2005 | 20 | ||
| 3.Where the agreement is made on or after June 1, 2005 | 10 | ||
| 195(g) | Royalty (not being royalty of the nature referred to in (e) sub para) payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy | ||
| 1.Where the agreement is made after March 31, 1961 but before April 1, 1976 | COMPANY | 50 | |
| OTHERS | 30 | ||
| 2.Where the agreement is made after March 31, 1976 but before June 1, 1997 | 30 | ||
| 3.Where the agreement is made after May 31, 1997 but before June 1, 1997 | 20 | ||
| 4.Where the agreement is made on or after June 1, 2005 | 10 | ||
| 195(h) | Fee for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with the policy – | ||
| 1.Where the agreement is made after February 29, 1964 but before April 1, 1976 | COMPANY | 50 | |
| OTHERS | 30 | ||
| 2.Where the agreement is made after March 31, 1976 but before June 1, 1997 | 30 | ||
| 3.Where the agreement is made after May 31, 1997 but before June 1, 2005 | 20 | ||
| 4.Where the agreement is made on or after June 1, 2005 | 10 | ||
| 195(i) | Any other income | COMPANY | 40 |
| OTHERS | 30 | ||
| 196A | Income in respect of Units of Non-residents | 20 | |
| 196B | Income and Long-term Capital gain from units of an Off shore fund | 10 | |
| 196C | Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies | 10 | |
| 196D | Income of Foreign Institutional Investors for Securities | 20 | |
| Surcharge ( On Tax) | Applicable for Foreign Companies if payment/credit exceeds Rs.1 crore of such companies | 2.5 | |
| Education Cess | on Tax deducted Plus Surcharge | 3 | |
Form 27EQ:
Collection Code | Nature of Purchase | Tax (%) |
| 6CA | Alcoholic liquor for human consumption | 1 |
| 6CB | Timber obtained under a forest lease | 2.5 |
| 6CC | Timber obtained under any mode other than forest lease | 2.5 |
| 6CD | Any other forest product not being timber or tendu leave | 2.5 |
| 6CE | Scrap | 1 |
| 6CF | Parking Lot | 2 |
| 6CG | Toll plaza | 2 |
| 6CH | Mining and quarrying | 2 |
| 6CI | Tendu leaves | 5 |
| Surcharge (On Tax) | Applicable for Foreign Companies if collections exceeds Rs.1 crore of such companies | 2.5 |
| Education Cess | Applicable for Foreign Companies | 3 |
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Dear Sir,
I know that which rate of tds for data entry works.
Thanks
Sharda Nand Shrivastava
sir i am emploee of orchid health care i wnt to download form 16 of currnt year
Please update latest TDS & TCS rates for A.Y. 2012-13 with Education cess & Surcharge.
But Circular No. 786 and 23 have been withdrawn on 22-10-2009.
After withdrawing the circular what will be the position of Section 195 for payment of Export Commission to Non-resident (Who is providing services outside India and commission remitted there) by an Indian Exporter?
Kindly clarify the same.
CA Kashyap Shah
Dear Sir,
Can I Deducted TDS on Commission or Brockerage when the Agent is NRI .
Regard
Chirag Joshi
Land Development Charges which section TDS deducted
Pls clarify if bill contains basic amount(attract TDS) + VAT= Invoice amount, on which amount should be TDS deducted.
can somebody clarify the rate of surcharge and Education cess on payment to Non Resident
regards
Can somebody clarify if the TDS on rent is only for amount exceeding INR120,000 and if the rent is 150,000, the TDS is only for 30,000 @ 10% pa. Pls revert. Thanks.