TDS / TCS RATES  FOR F.Y. 2011-12
   Section  Nature of Payment  Threshold Limit of Payment  Individual /HUF  Others
1 192

Income from Salary

 Women

 Rs. 1,90,000 Average rate of Tax + edu. Cess (no surcharge) Not Applicable

 Senior Citizen

 Rs. 2,50,000
 Super Senior Citizen  Rs. 5,00,000
 Others  Rs. 1,80,000
2 194A

Interest from a Banking Company

 Rs. 10,000 per annum

10% 10%
3 194A

Interest other than from a Banking Co.

 Rs. 5,000 per annum

10% 10%
4 194C

Payment to Contractors; Sub-contractor; Advertising Contractors

 Rs. 30,000 per contract (or)  

1% 2%

 Rs. 75,000 per annum

5 194-I

Rent on Plant / Machinery

 Rs. 1,80,000 per annum 2% 2%
6 194-I

Rent Other then Plant / Machinery

 Rs. 1,80,000 per annum

10% 10%
7 194J

Fees for Professional / Technical Services

 Rs. 30,000 per annum

10% 10%
8 194B

Winning from Lotteries & Puzzles

 Rs. 10,000 per annum 30% 30%
9 194BB

Winning from Horse Races

 Rs. 5,000 per annum 30% 30%
10 194E

Non-resident Sportsman or Sports Association

  - 10% 10%
11 194D

Insurance Commission

 Rs.20,000 per annum

10% 10%
12 194G

Commission on Sale of Lottery Tickets

 Rs.1000

10% 10%
13 194H

Commission/Brokerage

 Rs. 5,000 per annum

10% 10%
14 206C

Scrap

 -

1% 1%
15 206C

Tendu Leaves

 -

5% 5%
16 206C

Timber obtained under a forest lease or other mode

 -

2.50% 2.50%
17 206C

Any other forest produce not being a Timber or tendu leave

 -

2.50% 2.50%
18 206C

Alcoholic Liquor for Human Consumption

 -

1% 1%
19 206C

Packing lot, toll plaza, mining & quarrying

 -

2% 2%
     
  Notes  
  1. Surcharges & Education Cess  
     
 
Type of Payment Surcharge (2%) Education Cess (3.00%)
Salary No Yes
Other Payments to Residents No No
Other Payments to Foreign Co. (Payment exceeds 1 cr.) Yes Yes
Other Payments to Foreign Co. (Payment upto 1 cr.) No Yes
Payments to Other Non-residents (Irrespective of amount) No Yes
 
     
  2. Nil rate will be applicable to transporter of goods if he provides his PAN to the deductor.
3. Nil Deduction entries of transporters also to be shown in Form 26Q.
4. TDS @ 20% where PAN not furnished.
 
     
Interest on delay in deposit of tax after deduction
Stage of deduction

Upto 30th  June  2010  (Rate per month or part of the month)

From 1st July 2010 (Rate per month or part of the month)

From date when deductible till actual deduction

 1%  1%

From date of deduction till payment

 1%  1.5%
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