New TDS from 01.07.2010


New TDS rates applicable from 01.07.2010 (India)

Head of account Income tax sec. Threshold limit.(limit beyond which tax will be levied) Individual

/HUF

Other than Individual

/HUF

Interest from banking company 194A Rs.10000 10% 20%
Interest other than banking company 194A Rs. 5000 10% 20%
Payment to contractors 194C Rs.30000 per contract or Rs.75000 in aggregate p.a. 1% 2%
Payment to transport contractors(if PAN quoted) 194A Nil 0 0
Payment to transport contractors(if PAN  not quoted) 194A 1% 2%
Payment to sub-contract/ adv.contract 194C Rs.30000 per contract or Rs.75000 in aggregate p.a. 1% 1%
Rent on Plant and machinery 194I Rs.180000 per annum 2% 2%
Rental of Land/Buildings and others 194I Rs.180000 per annum 10% 10%
Fees for professional/Technical services 194J Rs. 30000 10% 10%
Winning from Lotteries 194B Rs.10000 30% 30%
Commission/brokerage 194H Rs.5000 p.a. 10% 10%
Scrap sale 1% 1%
Alcoholic liquor for human consumption 1% 1%
Insurance commission 20000 10% 10%
TDS Rate when PAN not available: Section 206AA: If deductee fails to furnish PAN to deductor, the deductor shall apply highest of the rates specified in the relevant provision of this Act for deducting TDS
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