nirmal & associates

chartered accountants
TDS RATE FOR THE ASSESSMENT YEAR 2011-2012
(TDS rates with effect from 1st April 2010)
7 8
Rates given as Percentage
16
Threshold Threshold Co?
2
10
limit upto limit w.e.f. Individual/ operative
Section Nature of Payment 30th June, 1st July, HUF/ BOI/ Firm Society / Company
2010
(in Rs.)
2010
(in Rs.)
AOP

4 3 Local
Authority

192 Salary As per slab As per slab

Normal
(incl. cess)
Rate

n 9
N.A. N.A. N.A.
193 Interest on Securities
(1) Interest on Debentures or Securities
it i
a
2500* 2500* 10.00 10.00 10.00 10.00
(Listed)
(2) Interest on 8% Savings (Taxable) Bonds,

M
10000 10000 10.00 10.00 10.00 10.00
2003

194
(3) Any Other Interest on Securities (Unlisted)
Dividend other than dividend covered by
2500*
n
0
t 2500*
0 10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
Section 115-O
* in case of resident only

h a
194A
Interest other than Interest on Securities
i s 5000 5000 10.00 10.00 10.00 10.00

N
(other than below)
Where the payer is
(1) Banking Company

C a
(2) Co-operative Society engaged in banking
10000
10000
10000
10000
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00

y
business
(3) Post Office (deposit scheme framed by

194B
Central Government)

d
Winning from Lotteries b 10000
5000
10000
10000
10.00
30.00
10.00
30.00
10.00
30.00
10.00
30.00

e
194BB Winnings from Horse Races 2500 5000 30.00 30.00 30.00 30.00

il
194C Payments to Contractors
20000

p
(1) Contract/ Sub-Contract/ Advertising (Note 1)
30000 1.00 2.00 2.00 2.00

m
(2) Contractor/ Sub-Cont. in Transport 20000 (Note
30000 NIL ( Note 2) NIL (Note 2) NIL (Note 2) NIL (Note 2)

Co
Business 1)

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

Nepali Kothi, Opp Gasoline Petrol Pump, Boring Road, Patna 800 001
 nirmal & associates
chartered accountants
194EE
194F
Deposits under NSS to Resident/Non-Resident
Repurchase of Units of Mutual Fund/UTI from
2500
0
2500
0
20.00
20.00
20.00
20.00
20.00

7
20.00 8 NA
NA

6
Resident / Non-Resident

1
Commission on Sale of lottery tickets to
194G 1000 1000 10.00 10.00 10.00 10.00
Resident / Non- Resident
194H Commission or Brokerage to Resident 2500 5000 10.00 10.00
210.00 10.00

10
194I Rent to Residents
(a) Rent for Machinery/ plant/equipment 120000 180000 2.00 2.00 2.00 2.00

3
(b) Rent for other than in (a) 120000 180000 10.00 10.00 10.00 10.00

Note:-
9 4
1.
i n
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

it
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.

a
1st July, 2010).

2.
M
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)

t
an
194J
Fees for professional / technical services to
residents

i s h
20000 30000 10.00 10.00 10.00 10.00

N
Compensation to Resident on acquisition of
194LA 100000 100000 10.00 10.00 10.00 10.0
immovable property
195

C a
Payment of other sums to a non-resident
Income from units (including long term
0 0
Rate specified under Part II of First Schedule of Finance Bill,
2010 subject to provisions of DTAA

196B
offshore fund
b y
Capital Gain on transfer of such units) to an

Income from foreign currency bonds or

0 0 10.00 10.00 10.00 10.00

196C

d
GDR of Indian Company

e
0 0 10.00 10.00 10.00 10.00

il
Income of FII from securities not being
196D dividend, long term and short term capital 0 0 20.00 20.00 20.00 20.00
gain

p
Note:
m
Co Nepali Kothi, Opp Gasoline Petrol Pump, Boring Road, Patna 800 001
 nirmal & associates
chartered accountants
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

7 8
6
source at higher of the following rates:

(i) the rate prescribed in the Act;

2 1
(ii) at the rate in force i.e., the rate mentioned in the Finance Act; or

1 0
3
(iii) at the rate of 20 percent

9 4
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.

i n
it
TCS RATE FOR THE ASSESSMENT YEAR 2011-2012 (in %)
(TCS rates with effect from 1st April 2010)

Threshold
M a Individual/
Co-operative
Society /

t
Section Nature of Payment Limit HUF/ BOI/ Firm Company
Local

n
(in Rs.) AOP
Authority
206CA
Alcoholic liquor for human consumption and Indian
made foreign liquor

h a 0 1.00 1.00 1.00 1.

is
206CB/
Timber obtained by any mode and any other forest
CC/ 0 2.50 2.50 2.50 2.50
produce

N
CD
206CE Scrap 0 1.00 1.00 1.00 1.00
206CF/
CG/
C a
Parking lot / toll plaza / mining and quarrying 0 2.00 2.00 2.00 2.00

y
CH
206CI Tendu leaves 0 5.00 5.00 5.00 5.00

d b
li e
p
m
Co Nepali Kothi, Opp Gasoline Petrol Pump, Boring Road, Patna 800 001