New TDS Rates From 1st July 2010

Monday, April 4, 2011 | comments

           TDS rates w.e.f. 01.07.2010 are same which are used earlier.  But there are major changes in thresholds limits in TDS/TCS rates.   It is advisable to check the TDS table regarding thresholds limit before making any deduction/collection on account of TDS/TCS.  Threshold limit effects many persons.   In case bill amount is equal to or less than threshold limit  there is no need to deduct TDS.   It is in the interest of Deductee. 
                                                                                                    (Amounts in Rs.)
SectionNature of PaymentExisting
(1.10.09 to 30.06.10)
 w.e.f. 01.07.2010
194BWinning from Lottery or Cross word puzzle5,00010,000
194BBWinning from Horse Race2,5005,000
194CPayment to Contractors [per Transaction]20,00030,000
194CPayment to Contractors [Annual Limit]50,00075,000
194DInsurance Commission5,00020,000
194HCommission or Brokerage2,5005,000
194IRent1,20,0001,80,000
194JFees for Professional and Technical Services20,00030,000
Note :- If pan is not provided, 20% TDS will be deducted w.e.f. 01.04.10 u/s 206AA subject to crossing Threshold limit. 





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