|
|
RATE OF TAX DEDUCTION
|
|
| Type
of Payee |
TDS
Rate Applicable before 01.10.2009
|
TDS
Rate Applicable after 01.10.2009
|
| Advertising
Contracts |
In
Case of individual / HUF
|
1%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
1%
|
|
In
Firm/Company/ Co Op Society/Local Authority
|
1%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
2%
|
Sub
Contracts
|
In
Case of individual / HUF
|
1%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
1%
|
|
In
Firm/Company/ Co Op Society/Local Authority
|
1%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
2%
|
| Contracts
other than mentioned in (i) & (ii) above |
In
Case of individual / HUF
|
2%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
1%
|
|
In
Firm/Company/ Co Op Society/Local Authority
|
2%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
2%
|
- Provision
which are applicable from 01-04-2010 – if & if Not PAN is
available
| Type
of Payee
|
TDS
Rate Applicable before 31.10.2009
|
Applicable After 31.10.2009 up to 31.03.2010
|
TDS
Rate Applicable after 01.04.2010
|
|
Contractor/
Subcontractor in transport business (If Pan Is Quoted)
|
In
Case of individual / HUF
|
2%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
NIL
|
NIL
|
| In
Firm/Company/ Co Op Society/Local Authority
|
2%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
NIL
|
NIL
|
|
Contractor/
Subcontractor in transport business (If Pan Is Not Quoted
|
In
Case of individual / HUF
|
2%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
NIL
|
1% |
| In
Firm/Company/ Co Op Society/Local Authority
|
2%
+ Applicable Surcharge + Education Cess @ 2% + SHEC @ 1%
|
NIL
|
2% |
PLEASE NOTE:
- 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.
- If PAN of payee is not quoted by Deductor then, TDS rate in all above case will be 20% from 01.04.2010, In All cases (including Contractor / Subcontractor in transport business)
| Payee
being Individual, HUF, AOP, BOI, whether incorporated or not; |
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. |
| Payee
being Co-operative Society |
NIL |
| Payee
being a Firm or a Company |
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. |
| Payee
being Artificial Juridical Person. |
10%
of such tax. |
|
|
|