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TDS / TCS RATES  FOR F.Y. 2012-13

 

   Section  Nature of Payment  Threshold Limit of Payment  Individual /HUF  Others
1 192

Income from Salary

 Women

 Rs. 1,90,000 Average rate of Tax + edu. Cess (no surcharge) Not Applicable

 Senior Citizen

 Rs. 2,40,000
 Others  Rs. 1,60,000
2 194A

Interest from a Banking Company

 Rs. 10,000 per annum

10% 10%
3 194A

Interest other than from a Banking Co.

 Rs. 5,000 per annum

10% 10%
4 194C

Payment to Contractors; Sub-contractor; Advertising Contractors

 Rs. 30,000 per contract (or)  

1% 2%

 Rs. 75,000 per annum

5 194-I

Rent on Plant / Machinery

 Rs. 1,80,000 per annum 2% 2%
6 194-I

Rent Other then Plant / Machinery

 Rs. 1,80,000 per annum

10% 10%
7 194J

Fees for Professional / Technical Services

 Rs. 30,000 per annum

10% 10%
8 194B

Winning from Lotteries & Puzzles

 Rs. 10,000 per annum 30% 30%
9 194BB

Winning from Horse Races

 Rs. 5,000 per annum 30% 30%
10 194E

Non-resident Sportsman or Sports Association

  - 10% 10%
11 194D

Insurance Commission

 Rs.20,000 per annum

10% 10%
12 194G

Commission on Sale of Lottery Tickets

 Rs.1000

10% 10%
13 194H

Commission/Brokerage

 Rs. 5,000 per annum

10% 10%
14 206C

Scrap

 -

1% 1%
15 206C

Tendu Leaves

 -

5% 5%
16 206C

Timber obtained under a forest lease or other mode

 -

2.50% 2.50%
17 206C

Any other forest produce not being a Timber or tendu leave

 -

2.50% 2.50%
18 206C

Alcoholic Liquor for Human Consumption

 -

1% 1%
19 206C

Packing lot, toll plaza, mining & quarrying

 -

2% 2%
     
  Notes  
  1. Surcharges & Education Cess  
     
 
Type of Payment Surcharge (2%) Education Cess (3.00%)
Salary No Yes
Other Payments to Residents No No
Other Payments to Foreign Co. (Payment exceeds 1 cr.) Yes Yes
Other Payments to Foreign Co. (Payment upto 1 cr.) No Yes
Payments to Other Non-residents (Irrespective of amount) No Yes
 
     
  2. Nil rate will be applicable to transporter of goods if he provides his PAN to the deductor.
3. Nil Deduction entries of transporters also to be shown in Form 26Q.
4. TDS @ 20% where PAN not furnished.
 
     
 

TDS Rates for Non-Residents  u/s 195 of Income Tax Act, 1961

 
     
 
  Nature of Payment Co. Others
1. Long Term Capital Gains u/s 115E NA 10%
2. Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38)) 20% 20%
3. Short Term Capital Gains u/s. 111A 15% 15%
4. Investment income from Foreign Exchange Assets NA 20%
5. Interest payable on moneys borrowed or debt incurred in Foreign Currency 20% 20%
6.

Royalty & Fees for technical services u/s. 115A
- Agreement  1st June, 1997 to 31st May, 2005
- Agreement on or after 1st June 2005


20%
10%

20%
10%
7. Winnings from Lotteries, Crossword Puzzles and Horse Races 30% 30%
8. Any Other Income 40% 30%
 
     
 

Notes : 

    1. Surcharge @ 2% is applicable only in case of  Non-Domestic Companies where payments exceed Rs. 1 cr. 
    2. Education cess  @ 3% is applicable in all cases.
 
     

Interest on delay in deposit of tax after deduction

Stage of deduction

Upto 30th  June  2010  (Rate per month or part of the month)

From 1st July 2010 (Rate per month or part of the month)

From date when deductible till actual deduction

 1%  1%

From date of deduction till payment

 1%  1.5%

 

 Click here to view TDS / TCS RATES  FOR F.Y. 2011-12

 
     
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