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.)
|Section||Nature of Payment||Existing|
(1.10.09 to 30.06.10)
|194B||Winning from Lottery or Cross word puzzle||5,000||10,000|
|194BB||Winning from Horse Race||2,500||5,000|
|194C||Payment to Contractors [per Transaction]||20,000||30,000|
|194C||Payment to Contractors [Annual Limit]||50,000||75,000|
|194H||Commission or Brokerage||2,500||5,000|
|194J||Fees for Professional and Technical Services||20,000||30,000|
- TDS Rates w.e.f. 01.10.2010 (Click Here)
- Free TDS Calculator excel based is available at (Click Here)
- New form 16A from FVU directly (Click Here)
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