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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:
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Type
of Payee
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TDS
Rate Applicable before 01.10.2009
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TDS
Rate Applicable after 01.10.2009
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IN
case of all types of payees
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10%
+ applicable Surcharge + Education cess@ 2% + SHEC @ 1%.
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10%
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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
The rates of Surcharge before 01.10.2009, applicable are as under:
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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. |
10%
of such tax. |
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