New TDS Rate after Budget

Sunday, February 28, 2010 | comments

Friends

In budget 2010, major changing in TDS rate is change in threshold limit. In different sections 194B,194C,194J etc, threshold limit has been changed as under which will be effected w.e.f. 01.10.2010.



Sl. No.
Section
Nature of payment
Existing threshold limit of payment (Rupees)
Proposed threshold limit of payment (Rupees)


1.
194B
Winnings from lottery or crossword puzzle
5,000
10,000
2.
194BB
Winnings from horse race
2,500
5,000
3.
194C
Payment to contractors
20,000 (for a single transaction)
30,000 (for a single
transaction)




50,000 (for aggregate of transactions during financial year)
75,000 (for aggregate of transactions during financial year)
4.
194D
Insurance commission
5,000
20,000
5.
194H
Commission or Brokerage
2,500
5,000
6.
194-I
Rent
1,20,000
1,80,000
7.
194J
Fees for professional or technical services
20,000
30,000


to know the latest/after Budget and before Budget TDS rates (Click Here)
Share this article :

to View TDS Links click below image

 
Support : Tds Tax India
Copyright © 2011. Tds Tax India - All Rights Reserved
Site Created by Tds Tax India