TDS rates for Financial Year 2009-10 (From 01st April 2009 to 30th September 2009)

As we all aware there were two budgets presented in year 2009.  One was interim Budget presented by Finance Minister in February 2009 and other one was Final budget Presented by Finance Minister in parliament in July 2009. Normally Final Budget get presented in parliament in February and Government made changes applicable from April.

Since budget presented in February was interim budget so in that budget government not made any changes in provisions related to TDS. All the changes were made in Final budget Presented in July 2009 and most of the provisions were made applicable from 1st October 2009. This has created lot of confusion regarding the TDS rate so we are presenting below the TDS rates from 01st April 2009 to 30th September 2009 along with the name of TDS return form in which TDS return will be filed.

In a separate post we are also providing the TDS rates applicable Post/After budget from 01st October 2009

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

Please Note:- To be on safer side although we have included Surcharge and cess in the rates undermentioned on TDS to be deducted on credits for the period from 01.04.2009 to 30th September 2009 but in our opinion the same is not applicable on all the TDS to be deducted for financial year 2009-2010 except the TDS on Salary.

Form 26Q:

Section Nature of Payment Status Tax (%)
193 Interest on Debentures & Securities COMPANY 20
OTHERS 10
194A Other Interest

  • > Rs. 10,000 for Banking Co’s , etc.
  • > Rs.   5,000
COMPANY 20
OTHERS 10
194B Lottery/Crossword Puzzle > Rs.5,000 30
194BB Winnings from Horse Race > Rs. 2,500 30
194C(1) Payment to a contractor (in the case of advertising contracts) 1
194C(2) Payment to a contractor (other than an advertising contracts) 2
194C(3) Payment to a sub-contractor 1
194D Insurance Commission > Rs.5,000 COMPANY 20
OTHERS 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
10
Rent of Land, Building, Furniture, etc INDIVIDUAL /HUF 15
OTHERS 20
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 ( On Tax) Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000 10
Education Cess on Tax deducted Plus Surcharge 3

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 gains 10
195(c) Income from other long-term capital gains 20
195(d) Income by way of interest payable by Government / Indian concern on money borrowed or debt incurred by Government or Indian concern in foreigh currency 20
195(e) 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 COMPANY 30
OTHERS 30
2.Where the agreement is made after May 31, 1997 but before June 1, 2005 COMPANY 20
OTHERS 30
3.Where the agreement is made on or after June 1, 2005 COMPANY 10
OTHERS 30
195(f) 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 COMPANY 30
OTHERS 30
3.Where the agreement is made after May 31, 1997 but before June 1, 1997 COMPANY 20
OTHERS 30
4.Where the agreement is made on or after June 1, 2005 COMPANY 10
OTHERS 30
195(g) 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 COMPANY 30
OTHERS 30
3.Where the agreement is made after May 31, 1997 but before June 1, 2005 COMPANY 20
OTHERS 30
4.Where the agreement is made on or after June 1, 2005 COMPANY 10
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 COMPANY 10
OTHERS 10
196C Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies COMPANY 10
OTHERS 10
196D Income of Foreign Institutional Investors for Securities COMPANY 20
OTHERS 20
Surcharge ( On Tax) Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000 10
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 Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000 10
For a Non-Domestic Company 2.5
Education Cess on Tax Collected Plus Surcharge 3

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Category : Income Tax (25516)
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Tags : Rate Chart (65) TDS Rates (19)

0 responses to “TDS rates for FY 2009-10 (01.04.2009 t0 30.09.2009)”

  1. Asha says:

    plz mentioned the rate of tds on advertisement in details.

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