TDS Rates for F.Y. 2010-11, A.Y. 2011-12

TDS Rates: The below given chart is about TDS Rates for f.y.2010-11, a.y. 2011-12 i.e from 1-4-2010 to 31-03-2011. The below give TDS after all amendments done by the CBDT notifications and circulars. The TDS rates chart has mentioned for allpayment and about payee status to deduct TDS accordingly.

TDS Rates Chart

Rates of TDS for major nature of payments for the Financial Year 2010-11
Particulars				Rates from 1.4.10 to 31.03.2011
Section	Nature ofPayment	Criteria forDeduction (payment in excess of) upto 30th June 2010	Criteria forDeduction(payment in excess of) w.e.f. 1st July 2010	If the recipient is a Company, Co- operative Society, Firm	If recipient is an Indivudual or HUF
194 A	Interest from a Banking Company	Rs.10,000/- p.a	Rs.10,000/-p.a	10.00	10.00
194 A	Interest other than from a Banking Co.	Rs.5,000/- p.a	Rs.5,000/- p.a	10.00	10.00
194 C	Contractors	Rs.20,000/- per contract or Rs.50,000/- p.a	Rs.30,000/-per contract or Rs.75,000/-p.a	2.00*	1.00*
194 H	Commission or Brokerage	Rs.2500/- p.a	Rs.5,000/- p.a	10.00	10.00
194 I	Rent other than Plant, Mach.& Eqp.	Rs.1,20,000/-p.a	Rs.1,80,000/-p.a	10.00	10.00
194 I	Rent of Plant , Machinery & Equipments	Rs.1,20,000/-p.a	Rs.1,80,000/-p.a	2.00	2.00
194 J	Professional Charges	Rs.20,000/- p.a	Rs.30,000/-p.a	10.00	10.00

* No tax is to be deducted in the case the Contractor is in transport businessand PAN is Quoted by him

*Interest of late deposit of TDS is proposed to be increased from 12% p.a to 18% p.a effective from 1st July 2010. Notes: (1) Due date of payments is as under:

(a) Credit/Paid in the month of March – 30th April

(b) Any other case – On or before 7 days from the end of the month in whichdeduction is made.

(2) With effect from 1st April 2010, in case the receiver of the sum does not have PAN, then the deduction has to be made @ 20% or higher rate