Tuesday, September 15, 2009

NEW TDS RATE 09-10 TDS RATE CHART I TDS RATE 10-11 I TCS RATES I LATEST TDS RATES


on Tuesday, September 15, 2009

TDS rates has been proposed to be changed by Finance Minister in Budget 2009 .Basically following changes has been done in the TDS rates effective from 01.10.2009

  1. No surcharge and cess on tax deducted on non-salary payments made to resident taxpayers.so now onwards(Tax should be deducted on Basic rate only given in respective section.No education cess or Surcharge is to be deducted except in the case of salary where Tax should be deducted after including the Education cess.Surcharge on individual and HUF assessee has already been abolished for full year fy 2009-10.
  2. Basic TDS rates for section 194 C (Payment to contractors) and 194I (payment of rent) has been changed (given in table)
  3. Section 194C has been replaced with new section with less ambiguities.(details are available here (TDS ON JOB WORK U/S 194C AMENDED FROM 01.10.2009) 
  4. The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010
Cut off Limit Has been proposed to be Increased in Finance Bill ,2010 presented on 26.02.2010 and applicable from 01.07.2010.





Download TDS rate Charts 01.04.2009 to 30.09.209 and 01.10.209 to 31.03.2010 in PDF formatcheck TDS calculator after 1.10.2009 

check TDS calculator after 1.10.2009 
Download TDS rate Charts 01.04.2009 to 30.09.209 and 01.10.209 to 31.03.2010 in PDF format

In which cases surcharge on TDS rates is NOT applicable ?
• On all payment to residents
• On all payment to non-corporate non-residents
• On all payments to foreign corporate if total payment is less than 1 Crore
In which cases surcharge on TDS rates is applicable ?
• On all payments to foreign corporate if total payment is more than 1 Crore
In which cases Education Cess, Secondary and Higher Education Cess is NOT applicable ?
• On all payments to residents except salaries payment
In which cases Education Cess, Secondary and Higher Education Cess is applicable ?
• On salaries
• On all payment to non-residents and foreign companies
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If you have any point in your mind regarding above then use comment section given below.

  1. check TDS calculator after 1.10.2009 
  2. Download TDS rate Charts 01.04.2009 to 30.09.209 and 01.10.209 to 31.03.2010 and fy 2010-11 with income tax rates for individual and HUF in PDF format
  3. Download Direct tax changes in Budget Section wise with Date of Effect PDF 
  4. Download Tax slabs for Individual & Huf for 2009-10 FY after Budget
  5. Tax Calculator for Individual & HUFonline after Budget fy 2009-10
  6. Read TDS Rate Applicability : Frequently Asked Questions
  7. TDS ON JOB WORK U/S 194C AMENDED FROM 01.10.2009 read details from this link 
  8. Cut off Limit Has been Increased in budget and applicable from 01.07.2010.

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