TDS rate chart for FY 11-12
TDS (Tax deducted at source) is one of the modes of collecting taxes in India, by which a certain percentage of amount paid are deducted by one person / firm at the time of making/crediting certain specific nature of payment to the other person / firm and deducted amount is remitted to the Government of India account . These threshold limits are being revised by the authorities from time to time.
The following are the TDS rates for fy 11-12, ay 12-13 as per the Income tax rules in India
TDS RATE CHART for FY 12-12, AY 12-2013 | |||||
Nature of Payments Made to Resident Indians | Threshold | Individual HUF | Company Firm Co-op Soc. Local Authority | If No PAN OR Invalid PAN | |
Sec. | Payment Description | Amount | TDS Rate | TDS Rate | TDS Rate |
| Interest – Payable by all Banks | 10,000 | 10 | 10 | 20 | |
194A | Interest – Payable by Others than banks | 5,000 | 10 | 10 | 20 |
194B | Winning from Lotteries / Crossword Puzzle | 10,000 | 30 | 30 | 30 |
194C | Payment to Contractors – Single Transaction | 30,000 | 1 | 2 | 20 |
| Payment to Contractors – Aggregate during FY | 75,000 | 1 | 2 | 20 | |
194D | Insurance Commission | 20,000 | 10 | 10 | 20 |
194H | Commission / Brokerage | 5,000 | 10 | 10 | 20 |
194 I | Rent | 1,80,000 | 10 | 10 | 20 |
| Rent – Plant / Machinery | 1,80,000 | 2 | 2 | 20 | |
194J | Professional Fees | 30,000 | 10 | 10 | 20 |
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gud articles..
tds chart was easily traceable on this site.. thanx..