TDS CHART

Section	Applicable Rules	Nature of Payment	Exemption & Limit	Rate of Deduction for F. Y. 2009-10 (Ref. Note 1)		Procedure for Nil/Lower Deduction	Sec. 200 Return Statement Form No./ Due Date (Note 11)	TDS Certificate Form No./Due Date
192	21A, 21AA, 26A, 26B, 30, 31, 31A	Salary to any person	a) Rs. 2,40,000 for senior citizen, Rs. 1,90,000/- for woman assessee and 31AB, 33 Rs.1,60,000 for others after considering deduction u/ss. 16, 80C, 80CCC, 80D, 80DD, 80DDB, 80GG, 80E and 80U and loss under the head 'Income from House Property' b) The employer has an option not to deduct tax on non monetary perquisites provided to employee and instead, pay it himself.	As applicable to individual Refer Part III of 1st Schedule of Finance Act, 2009			Quarterly statement in Form No. 24Q/15th July, 15th Oct., 15th Jan., 15th June (for last quarter ended 31st March)	F. 16 and 12BA/F.16AA Within 1 month from the close of financial year.
193 Refer Note 5	28, 28AA, 29C, 30, 31, 31A, 31AB	Interest on Securities to any resident	a) Rs. 2,500 for interest on debentures paid by a widely held company (to a resident individual). b) Interest on any State or Central Govt. Security c) No tax is to be deducted on interest payable • To the Government, • To the RBI, • To LIC, GIC or any other insurer • To a corporation esta- blished by or under a Central Act which is exempt from Income Tax by virtue of any law • To a mutual fund specified u/s. 10(23D) • On any securities issued by a company in a dematerialized form listed on recognized stock exchange in India d) Rs. 10,000 for 8% savings (taxable) Bonds, 2003	Cos. Firms Co-op.. Soc. Individual/HUF/ AOP/BOI	10% 10% 10% 10%	1. Senior Citizen can furnish declaration in duplicate in Form 15H if the tax on the estimated income of Rs. Nil. Refer Note 4. 2. A person other than a company or a firm can furnish declaration in duplicate in Form 15G where the aggregate income does exceed the maximum amount not liable to tax Refer Note 4 3. Payee can apply to the A.O. in Form 13.	Quarterly statement in Form No. 26Q/ 15th July, 15th Oct., 15th Jan., 15th June (for last quarter ended 31st March)	F. 16A 1. If income is credited on the date on which accounts are made by the payer within 1 week after expiry of 2 months from the month in which income is credited 2. Any other case – within 1 month from end of month of deduction 3. Where more than one certificate is to be furnished, at the option of the payee, a consoli-dated certificate within 1 month from the close of the financial year.
194A	28, 28AA, 29C, 30, 31, 31A, 31AB	Interest (other than Interest on Securities) to resident	a) Rs. 10,000 where payer is a banking Co. or Co-operative Society engaged in Banking Business, or in case of Deposits with PO under a scheme notified by Central Govt. Rs. 5,000 in any other case (in case of Bank Interest and deposits with Housing finance companies. Limit will apply qua each branch) b) Individual & HUF – not required to deduct tax. (subject to Note 6) c) W.e.f. 1-6-2007, Rs. 10,000 for interest on deposit under Senior Citizens Savings Scheme, 2004 d) No deduction required on following interest payments: i) Firm to partner ii) On deposits with bank made before 1-7-1995 iii) Co-op. Soc. to member or other Co-op. Soc. iv) Payment to UTI, LIC or any other Insurance company v) Payment to financial corporation established under any Central, State or Provincial Act. vi) Central Govt. to assessees on excess tax paid vii) Zero coupon bonds issued by scheduled bank	Same as sec. 193		Same as sec. 193	Same as sec. 193	Same as sec. 193
194B	30, 31, 31A, 31AB	Winnings from lottery & crossword puzzles including card game or other game of any sort to any person (including winning in kind)	Rs. 5,000	Dom.Cos., Firms Non-Dom.Cos. Co-op. Soc. Individual/HUF/ AOP/BOI	30% 30% 30% 30%	Not permissible	Quarterly statement in Form No. 26Q/ 15th July, 15th Oct., 15th Jan., 15th June (for last quarter ended 31st March)	F. 16A 1) Within one month from end of the month during which credit has been given or sum has been paid 2) Where more than one certificate is to be furni- shed, at the option of the payee, a consolidated certificate within 1 month from the close of the financial year
194BB	30, 31, 31A, 31AB	Winnings from horse races to any person	Rs. 2,500	As per S. 194B above		Not permissible	Quarterly statement in Form No. 26Q/ 15th July, 15th Oct., 15th Jan., 15th June (for last quarter ended 31st March)	F. 16A As per S. 194B above

194C(1)Refer Note 5 & 10	28, 28AA 30, 31, 31A 31AB	Payment to Resident Contractors by 1. Central or State Govt. or 2. Local Authority 3. Corporation or 4. Company or 5. Co-op. Society or 6. Any authority for housing accommo- dation etc. or 7. Any society or 8. Trust or 9. Any Government of BOI 2% foreign state or a foreign enterprise or or AOP (w.e.f. 1-10-2009) 10. University 11. Firm 12. Any individual or HUF (See Note 6) 13. AOP 14. BOI	(i) Rs. 20,000 per credit/ payment and (ii) Rs. 50,000 per Financial Year	Up to 30th Sept., 2009 1) Advertising Contracts Cos., Firms Co-op. Soc. Individuals/ HUFs/AOP/BOI 2) Other Contracts Cos., Firms Co-op. Soc. Individuals/ HUFs/AOP/BOI W.e.f. 1st October, 09 1) Cos. Firms Co-op. Soc. 2) Individuals/ HUF/AOP/BOI	1% 1% 1% 2% 2% 2% 1%	Payee to apply in F.13 to the A.O. to obtain certificate	Quarterly statement in Form No. 26Q/ 15th July, 15th Oct., 15th Jan., or 15th June (for last quarter ended 31st March)	F. 16A As per S. 193 above.
194C(2)Refer Note 5	28, 28AA 30, 31, 31A 31AB	Payment to resident sub-contractors (by above contractors) (W.e.f. 1-10-2009, sub- contractors are at par with contractors)	As per S. 194C(1)	Cos., Firms Co-op. Soc. Individuals/HUFs/ AOP/BOI	1% 1% 1%	Payee to apply in F. 13 to the A.O. to obtain certificate	As per S.194C(1)	As per S. 193 above
194D	28, 28AA, 30, 31, 31A, 31AB	Insurance commission to Resident	Rs. 5,000	Companies Firms Co-op.Soc. Individual/HUF/ AOP/BOI	10%10% 10% 10%	Payee to apply in F.13 to the A.O. to obtain certificate	Quarterly statement in Form No. 26Q/ 15th July, –15th Oct., 15th Jan., 15th June (See note 7)	F. 16A As per (1) or (3) of S.193 above or within 1 month from the close of the financial year
194E	26, 30, 31, 31A, 31AB, 37A	Payments to Non-resident sportsmen/sports association	Not applicable	Firm Co-op. Soc. Individual/HUF/ AOP/BOI –	10%10%10%	Not permissible	Quarterly statement in Form No. 27Q/ 14th July, 14th Oct., 14th Jan.,14th April (See Notes 3 & 7)	F. 16A As per S. 193 above
194EE	29C, 30, 31, 31A, 31AB	Payments of deposits under NSS to any person	Payments to heirs exempt. In any other case less than Rs. 2,500	Firm Co-op. Soc. For individuals/HUF	20%20%20%	If F.15G/F.15H is furnished by a resident individual	Quarterly statement in Form No. 26Q/ 15th July, 15th Oct., 15th Jan., 15th June (See note 7)	F. 16A As per S. 194B above
194G	28, 28AA, 30, 31, 31A, 31AB	Commission/ Remu-neration on sale of lottery tickets to any person	Rs. 1,000	Cos. Firms, Co-op.Soc. Individual/HUF/ AOP/BOI –	10%10%10%	Payee to apply in F.13 to the A.O. to obtain certificate	Quarterly statement in Form No. 26Q/ 15th July, 15th Oct., 15th Jan., 15th June (See note 7)	F. 16A As per S. 193 above
194H Refer Note 5	28, 28AA, 30, 31, 31A, 31AB	Commission or Brokerage to a resident	a) Individual & HUF – not required to deduct tax(Subject to Note 6) b) Rs. 2,500 p.a. c) No deduction for commission or brokerage payable to BSNL & MTNL to their PCO franchises	Cos. Firms Co-op. Soc. Individual/HUF/ AOP/BOI	10%10%10%	Payee to apply in F. 13 to the A.O. to obtain certificate	Quarterly statement in Form No. 26Q/ 15th July, 15th Oct., 15th Jan., 15th June (See note 7)	F. 16A As per S. 193 above
194-I	28, 28AA 30, 31, 31A, 31AB	Rents paid to any resident for Plant Machinery, Equipment, Rents paid to any resident for Land & Building, Furniture	a) Individual & HUF – not required to deduct tax(Subject to Note 6) b) Rs. 1,20,000 p.a. c) No tax deduction if payee is Government/Local Authority	Up to 30-9-2009 Cos./Firms Co-op. Soc. Individual/HUF/ AOP/BOI W.e.f. 1-10-2009 Cos./Firms Co-op. Soc. Individual/HUF/ AOP/BOI Up to 30-9-2009 Cos./Firms Co-op. Soc. Individuals/HUF/ AOP/BOI W.e.f. 1-10-2009 Cos./Firms Co-op. Soc. Individuals/HUF/ AOP/BOI	10% 10% 10% 2% 2% 2% 20%20%15% 10%10% 10%	Payee to apply in F. 13 to the A.O. to obtain certificate	Quarterly statement in Form No. 26Q/15th July, 15th Oct., 15th Jan., 15th June (See note 7)	F. 16A As per S. 193 above
194J Refer Note 5	28, 28AA, 30, 31, 31A, 31AB	Fees for professional or technical services, Royalty and sum referred to in section 28(va) (i.e., non-compete & confidentiality payments) paid to a resident	a) Individuals & HUFs are not required to deduct tax (Subject to Note 6) b) Rs. 20,000 p.a.	Cos./Firms Co-op. Soc. Individuals/HUF/ AOP/BOI	10% 10% 0%	Payee to apply in F. 13 to the A.O. to obtain certificate	Quarterly statement in Form No. 26Q/15th July, 15th Oct., 15th Jan., 15th June (See note 7)	F. 16A As per S.193 above
194LA	28, 28AA, 30, 31, 31A, 31AB	Compensation to resident on acquisition of certain immovable property other than specified agricultural land	Rs. 1,00,000 p.a.	Cos., Firms Co-op. Soc. Individuals/HUF/ AOP/BOI	10% 10% 10%	Payee to apply in F. 13 to the A.O. to obtain certificate	Quarterly statement in Form No. 26Q/15th July, 15th Oct., 15th Jan., 15th June (See note 7)	F. 16A As per S. 194B above
195 Refer Note 5	26, 28, 28AA, 29B, 30, 31A, 31AB,	Interest or other sums (other than 37A salary) paid to Non- residents or to foreign companies (not being dividends u/s. 55-O after 1-6-2003)	—	As per double taxation avoidance treaty or as per Sch. 1, Part II to the Finance Act, 2008 whichever is beneficial to the assessee		1. Payee to apply in F. 13 to the A.O. to obtain certificate 2. Payee to apply in F. 15C/15D to the A.O. to obtain certificate 3. Payer may apply to A.O. to determine income component in payment for lower deduction	Quarterly statement in Form No. 27Q/ 14th July, 14th Oct., 14th Jan., 14th April (Refer Note 3)	F. 16A As per S. 193 above