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Latest TDS Rate Chart for Financial Year 2012-13 & Assessment Year 2013-14

Upated TDS Rates for Financial Year 2012-13 after Budget, which are as below:

Form 26Q:


Section

Nature of Payment

Status

Tax (%)


193

Interest on Debentures & Securities


10



194

Deemed Dividend


10



194A

Other Interest


10


> Aggregate sum exceeding Rs. 10,000 for Banking Co’s , etc.per person during thefinancial year.


> Aggregate sum exceeding Rs. 5,000 per person during the financial year


194B

Lottery/Crossword Puzzle > Rs.5,000


30


194BB

Winnings from Horse Race > Rs. 2,500


30


194C

Contracts to Transporter, who has provided a valid PAN


0


Contracts to Individuals/HUF


1


Contracts to others


2


194D

Insurance Commission > Rs.5,000


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.


2


Rent of Plant & Machinery


Rent of Land, Building, Furniture, etc


10


194J

Professional or Technical Fess > Rs.20,000


10


194LA

Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during thefinancial year


10


Surcharge


0


Education Cess


0


Note: If there is no PAN details, then from 1st April 2010 TDS will be deduted at the rate of 20%.


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 gain referred to in sec. 115E


10


195(c)

Income by way of Short-term capital gains u/s. 111A


15


195(d)

Income from other long-term capital gains


20


195(e)

Income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency


20


195(f)

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 tosection 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


30


2.Where the agreement is made after May 31, 1997 but before June 1, 2005


20


3.Where the agreement is made on or after June 1, 2005


10


195(g)

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


30


3.Where the agreement is made after May 31, 1997 but before June 1, 1997


20


4.Where the agreement is made on or after June 1, 2005


10


195(h)

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


30


3.Where the agreement is made after May 31, 1997 but before June 1, 2005


20


4.Where the agreement is made on or after June 1, 2005


10


195(i)

Any other income

COMPANY

40


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


10


196C

Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies


10


196D

Income of Foreign Institutional Investors for Securities


20


Surcharge ( On Tax)

Applicable for Foreign Companies if payment/credit exceeds Rs.1 crore of such companies

2.5


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 Foreign Companies if collections exceeds Rs.1 crore of such companies

2.5


Education Cess

Applicable for Foreign Companies

3


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