TDS / TCS RATES FOR F.Y. 2011-12
| Year | Section | Nature of Payment | Threshold Limit of Payment | Individual /HUF | Others |
|---|---|---|---|---|---|
| 1 | 192 A | Income from Salary | Women Rs 1,90,000 Senior Citizen Rs. 2,50,000 Super Senior Citizen Rs. 5,00,000 Others Rs. 1,80,000 |
Average rate of Tax + edu. Cess (no surcharge) | Not Applicable |
| 2 | 194 A | Interest from a Banking Company | Rs. 10,000 per annum | 10% | 10 % |
| 3 | 194 A | Interest other than from a Banking Co. | Rs. 5,000 per annum | 10% | 10 % |
| 4 | 194 C | Payment to Contractors; Sub-contractor; Advertising Contractors | Rs. 30,000 per contract (or) Rs. 75,000 per annum |
1% |
2 % |
| 5 | 194-I | Rent on Plant / Machinery | Rs. 1,80,000 per annum | 2 % | 2 % |
| 6 | 194-I | Rent Other then Plant / Machinery | Rs. 1,80,000 per annum | 10 % | 10% |
| 7 | 194J | Fees for Professional / Technical Services | Rs. 30,000 per annum | 10 % | 10 % |
| 8 | 194B | Winning from Lotteries & Puzzles | Rs. 10,000 per annum | 30 % | 30 % |
| 9 | 194BB | Winning from Horse Races | Rs. 5,000 per annum | 30 % | 30 % |
| 10 | 194E | Non-resident Sportsman or Sports Association | - | 10 % | 10 % |
| 11 | 194D | Insurance Commission | Rs.20,000 per annum | 10% | 10 % |
| 12 | 194G | Commission on Sale of Lottery Tickets | Rs.1000 | 10 % | 10 % |
| 13 | 194H | Commission/Brokerage | Rs. 5,000 per annum | 10 % | 10 % |
| 14 | 206C | Scrap | - | 1 % | 1 % |
| 15 | 206C | Tendu Leaves | - | 5 % | 5 % |
| 16 | 206C | Timber obtained under a forest lease or other mode | - | 2.5 % | 2.5 % |
| 17 | 206C | Any other forest produce not being a Timber or tendu leave | - | 2.5 % | 2.5 % |
| 18 | 206C | Alcoholic Liquor for Human Consumption | - | 1 % | 1 % |
| 19 | 206C | Packing lot, toll plaza, mining & quarrying | - | 2 % | 2 % |
Note:-
1. Surcharges & Education Cess
| Type of Payment | Surcharge (2%) | Education Cess (3.00%) |
|---|---|---|
| Salary | No | Yes |
| Other Payments to Residents | No | No |
| Other Payments to Foreign Co. (Payment exceeds 1 cr.) | Yes | Yes |
| Other Payments to Foreign Co. (Payment upto 1 cr.) | No | Yes |
| Payments to Other Non-residents (Irrespective of amount) | No | Yes |
2. Nil rate will be applicable to transporter of goods if he provides his PAN to the deductor.
3. Nil Deduction entries of transporters also to be shown in Form 26Q.
4. TDS @ 20% where PAN not furnished.
Interest on delay in deposit of tax after deduction
| Type of Payment | Surcharge (2%) | Education Cess (3.00%) |
|---|---|---|
| From date when deductible till actual deduction | 1% | 1% |
| From date of deduction till payment | 1% | 1.5% |
