Financial Year 2010-11 (Assessment Year 2011-12) (for further updates visit at www.fastworking.blogspot.com)
Tax Deduction at Source (Rates) 540550
Section Nature of Payment Threshhold Limit TDS % TDS (Amount) 01-07-10 to 01-10-09 to 30-06-10 Rate (in Rs.) onwards 194-A Interest from Bank 10000 10000 10 54055 194-A Interest Others 5000 5000 10 54055 194-B Winning from Lotteries 5000 10000 30 162165 194-BB Winning from Horse Races 2500 5000 30 162165 Contractor/Sub Contractor 194-C including Advertisor 1) To Individual/H.U.F. 1 5406 2) To Other than Individual/H.U.F. 2 10811 3) To Transporters (If Pan is Furnished) 0 0 194-D Insurance Commission (a) 20000 as single (a) 30000 as single 10 54055 194-H Commission or Brokerage (b) 50000 in a year (b) 75000 in a year 10 54055 Rent (1) Land,Building,Furniture or 194-I any Property 10 54055 (2) Plant,Machinery & Equipment 2 10811 Profesional or Technical 194-J Services 20000 30000 10 54055
Note :- Surcharge and Education Cess has been removed w.e.f.
01.10.2009 Note :- If pan is not provided, 20% TDS will be deducted w.e.f. 01.04.10 u/s 206AA New TDS Procedure w.e.f. 01.04.2010