TDS rates for Financial Year 2009-10 (From 01st April 2009 to 30th September 2009)
As we all aware there were two budgets presented in year 2009. One was interim Budget presented by Finance Minister in February 2009 and other one was Final budget Presented by Finance Minister in parliament in July 2009. Normally Final Budget get presented in parliament in February and Government made changes applicable from April.
Since budget presented in February was interim budget so in that budget government not made any changes in provisions related to TDS. All the changes were made in Final budget Presented in July 2009 and most of the provisions were made applicable from 1st October 2009. This has created lot of confusion regarding the TDS rate so we are presenting below the TDS rates from 01st April 2009 to 30th September 2009 along with the name of TDS return form in which TDS return will be filed.
Download TDS Rate Calculator Post Budget for the Period from 01.10.2009 to 31.03.2010
Download TDS Rate Calculator Pre Budget for the Period from 01.04.2009 to 30.09.2009
Please Note:- To be on safer side although we have included Surcharge and cess in the rates undermentioned on TDS to be deducted on credits for the period from 01.04.2009 to 30th September 2009 but in our opinion the same is not applicable on all the TDS to be deducted for financial year 2009-2010 except the TDS on Salary.
Form 26Q:
| Section | Nature of Payment | Status | Tax (%) |
| 193 | Interest on Debentures & Securities | COMPANY | 20 |
| OTHERS | 10 | ||
| 194A | Other Interest
|
COMPANY | 20 |
| OTHERS | 10 | ||
| 194B | Lottery/Crossword Puzzle > Rs.5,000 | 30 | |
| 194BB | Winnings from Horse Race > Rs. 2,500 | 30 | |
| 194C(1) | Payment to a contractor (in the case of advertising contracts) | 1 | |
| 194C(2) | Payment to a contractor (other than an advertising contracts) | 2 | |
| 194C(3) | Payment to a sub-contractor | 1 | |
| 194D | Insurance Commission > Rs.5,000 | COMPANY | 20 |
| OTHERS | 10 | ||
| 194EE | Withdrawal from NSS > Rs.2,500 | 20 | |
| 194F | Repurchase of Units by MF/UTI | 20 | |
| 194G | Commission on Sale of Lottery Tickets > Rs.1,000 | 10 | |
| 194H | Commission or Brokerage > Rs.2,500 | 10 | |
| 194I | Rent > Rs.1,20,000 p. a. Rent of Plant & Machinery |
10 | |
| Rent of Land, Building, Furniture, etc | INDIVIDUAL /HUF | 15 | |
| OTHERS | 20 | ||
| 194J | Professional or Technical Fess > Rs.20,000 | 10 | |
| 194LA | Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during the financial year | 10 | |
| Surcharge ( On Tax) | Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000 | 10 | |
| Education Cess | on Tax deducted Plus Surcharge | 3 | |
Form 27Q:
|
Section |
Nature of Payment |
Status |
Tax (%) |
| 194E | Payment to nonresident sportsmen or sports association | 10 | |
| 195(a) | Income from foreign exchange assets payable to an Indian citizen | 20 | |
| 195(b) | Income by way of long-term capital gains | 10 | |
| 195(c) | Income from other long-term capital gains | 20 | |
| 195(d) | Income by way of interest payable by Government / Indian concern on money borrowed or debt incurred by Government or Indian concern in foreigh currency | 20 | |
| 195(e) | Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India – | ||
| 1.Where the agreement is made before June 1, 1997 | COMPANY | 30 | |
| OTHERS | 30 | ||
| 2.Where the agreement is made after May 31, 1997 but before June 1, 2005 | COMPANY | 20 | |
| OTHERS | 30 | ||
| 3.Where the agreement is made on or after June 1, 2005 | COMPANY | 10 | |
| OTHERS | 30 | ||
| 195(f) | Royalty (not being royalty of the nature referred to in (e) sub para) payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy | ||
| 1.Where the agreement is made after March 31, 1961 but before April 1, 1976 | COMPANY | 50 | |
| OTHERS | 30 | ||
| 2.Where the agreement is made after March 31, 1976 but before June 1, 1997 | COMPANY | 30 | |
| OTHERS | 30 | ||
| 3.Where the agreement is made after May 31, 1997 but before June 1, 1997 | COMPANY | 20 | |
| OTHERS | 30 | ||
| 4.Where the agreement is made on or after June 1, 2005 | COMPANY | 10 | |
| OTHERS | 30 | ||
| 195(g) | Fee for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with the policy – | ||
| 1.Where the agreement is made after February 29, 1964 but before April 1, 1976 | COMPANY | 50 | |
| OTHERS | 30 | ||
| 2.Where the agreement is made after March 31, 1976 but before June 1, 1997 | COMPANY | 30 | |
| OTHERS | 30 | ||
| 3.Where the agreement is made after May 31, 1997 but before June 1, 2005 | COMPANY | 20 | |
| OTHERS | 30 | ||
| 4.Where the agreement is made on or after June 1, 2005 | COMPANY | 10 | |
| OTHERS | 30 | ||
| 196A | Income in respect of Units of Non-residents | 20 | |
| 196B | Income and Long-term Capital gain from units of an Off shore fund | COMPANY | 10 |
| OTHERS | 10 | ||
| 196C | Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies | COMPANY | 10 |
| OTHERS | 10 | ||
| 196D | Income of Foreign Institutional Investors for Securities | COMPANY | 20 |
| OTHERS | 20 | ||
| Surcharge ( On Tax) | Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000 | 10 | |
| Education Cess | on Tax deducted Plus Surcharge | 3 | |
Form 27EQ:
|
Collection Code |
Nature of Purchase |
Tax (%) |
| 6CA | Alcoholic liquor for human consumption | 1 |
| 6CB | Timber obtained under a forest lease | 2.5 |
| 6CC | Timber obtained under any mode other than forest lease | 2.5 |
| 6CD | Any other forest product not being timber or tendu leave | 2.5 |
| 6CE | Scrap | 1 |
| 6CF | Parking Lot | 2 |
| 6CG | Toll plaza | 2 |
| 6CH | Mining and quarrying | 2 |
| 6CI | Tendu leaves | 5 |
| Surcharge ( On Tax) |
Applicable for Companies/Firm. Also, Individual/HUF, if the total income exceeds or is likely to exceed Rs.10,00,000 | 10 |
| For a Non-Domestic Company | 2.5 | |
| Education Cess | on Tax Collected Plus Surcharge | 3 |
plz mentioned the rate of tds on advertisement in details.