| Section | Particulars | TDS | Threshold Limit | Surcharge and Education Cess |
192 | Salary | Normal Rate | As per normal computation of income | 1. Surcharge: No Surcharge on TDS in case of payment is made to Resident or Domestic CompanyNo Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company 2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore. 2. Education Cess No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]3% EC and SHEC (2% + 1%) on TDS in case of Salary 3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident |
193 | Interest on Specified Securities | 10% | Rs. 2,500 in case of Listed Debentures Rs. 10,000 in case of 8% Savings (Taxable) Bonds, 2003, Rs. 10,000 in case of 6½ per cent Gold Bonds, 1977, or 7 per cent Gold Bonds, 1980, where the Bonds are held by an individual not being a non-resident, and the holder thereof makes a declaration in writing before the person responsible for paying the interest that the total nominal value of the 6½ per cent Gold Bonds, 1977, or, as the case may be, the 7 per cent Gold Bonds, 1980 No TDS on certain specified securities | |
193 | Interest other Securities | 10% | ||
194 | Dividend (Deemed) | 10% | Rs. 2,500 | |
194 | Dividend (Other) | Nil | ||
194A | Interest other than interest on security | 10% | (a) Rs. 10,000/- where the payer is a banking company (b) Rs. 10,000/- where the payer is a co-operative society engaged in carrying on the business of banking; (c) Rs. 10,000/- on any deposit with post office under any scheme framed by the Central Government and notified by it in this behalf; and (d) Rs. 5,000/- in any other case | |
194B | Winning from Lotteries | 30% | Rs. 5,000 - upto 30.6.2010 Rs. 10,000 - w.e.f. 1.7.2010 | |
194BB | Winning for horse race | 30% | Rs. 2,500- upto 30.6.2010 Rs. 5,000 - w.e.f. 1.7.2010 | |
194C | Payment to Individuals and HUF | 1% | Rs. 20,000 per single contract or Rs. 50,000 in aggregate during the Finance Year - upto 30.6.2010 Rs. 30,000 per single contract or Rs. 75,000 in aggregate during the Finance Year - w.e.f. 1.7.2010 No TDS on GTA if PAN number of the GTA is available | |
194C | Payment to other contractors | 2% | Rs. 20,000 per single contract or Rs. 50,000 in aggregate during the Finance Year - upto 30.6.2010 Rs. 30,000 per single contract or Rs. 75,000 in aggregate during the Finance Year - w.e.f. 1.7.2010 No TDS on GTA if PAN number of the GTA is available | |
194D | Insurance Commission | 10% | Rs. 5,000- upto 30.6.2010 Rs. 20,000 - w.e.f. 1.7.2010 | |
194E | Payment to a non-resident sportsman or association | 10% | - | |
194EE | Payment for National Saving Scheme, 1987 | 20% | - | |
194F | Payment for repurchase of units | 20% | - | |
194G | Commission on sale of lottery ticket | 10% | Rs. 1,000 | |
194H | Commission or Brokerage | 10% | Rs. 2,500- upto 30.6.2010 Rs. 5,000 - w.e.f. 1.7.2010 | |
194I | Rent on land, building or furniture | 10% | Rs. 1,20,000- upto 30.6.2010 Rs. 1,80,000 - w.e.f. 1.7.2010 | |
194I | Rent on plant, machinery or equipment | 2% | Rs. 1,20,000- upto 30.6.2010 Rs. 1,80,000 - w.e.f. 1.7.2010 | |
194J | Fees for Professional/Technical services | 10% | Rs. 20,000- upto 30.6.2010 Rs. 30,000 - w.e.f. 1.7.2010 | |
194LA | Compensation to a resident on acquisition of certain immovable property | 10% | Rs. 1,00,000 |
1. Self Declaration - Tax (TDS) is not deductible under section 193, 194, 194A, 194EE or 194K if the recipient makes a declaration in Form 15G / 15H under the provisions of section 197A. But, the person seeking to furnish Form 15G / 15H must have PAN number on or after 1.4.2010
2. Certificate from AO - Under Section 197 - A person can apply to AO and seek a certificate in Form 13 for no deduction of TDS or deduction of TDS at lower rates under sections192, 193, 194, 194A, 194C, 194D, 194G, 194H[, 194-I, 194J, 194K, 194LA and 195.
2. In case PAN of the deductee is not available than TDS rate will be 20%
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