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RATE OF TAX DEDUCTION
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Rate at which Tax deduction at Source is to be made under this section:
| Type
of Payee |
TDS
Rate Applicable before 01.10.2009 |
TDS
Rate Applicable after 01.10.2009 |
| In
case of all type of payees |
10%
+ applicable Surcharge + Education cess@ 2% + SHEC @ 1%. |
10% |
PLEASE NOTE:
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The rates of Surcharge so applicable are as under: (Surcharge to be applied till 30.09.2009 from 01.10.2009 onwards no surcharge to be applied for deduction of TDS is concern.
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If PAN of payee is not quoted by Deductor then, TDS rate in all above case will be 20% from 01.04.2010
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Payee
being Individual, HUF, AOP, BOI, whether incorporated or not;
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10%
of such tax where the income or the aggregate of such income
paid or likely to be paid and subject to the deduction exceeds
Rs. 10, 00,000.
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Payee
being Co-operative Society
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NIL
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Payee
being a Firm or a Company
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10%
of such tax where the income or the aggregate of such income
paid or likely to be paid and subject to the deduction exceeds
Rs. 1,00,00,000.
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Payee
being Artificial Juridical Person.
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10%
of such tax.
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