TDS (Non-Salary) Calculator for FY 2008-09

							TDS (Non-Salary) Chart for FY 2008-09

      Payment to > 1) Individual / HUF upto       Individual or HUF above    Limit for
                     10 Lakhs 2) Society or       10 Lakhs                   No-TDS
                     Govt
       Paid for       IT SC      EC TDS %         IT   SC       EC TDS %
Comm / Brokerage     10    0     0.3      10.3    10     1    0.33  11.33        2500
Interest on Loan etc 10    0     0.3      10.3    10     1    0.33  11.33        5000
Prof. Fees           10    0     0.3      10.3    10     1    0.33  11.33       20000
Contractor             2   0    0.06      2.06     2   0.2   0.066  2.266       20000
Sub Cont / Advt        1   0    0.03      1.03     1   0.1   0.033  1.133       20000
Rent                 15    0    0.45    15.45     15   1.5   0.495 16.995      120000

      Payment to > Firm/Company upto 1            Firm/Company above 1 Limit No-
                     Crore                        Crore                  TDS
       Paid for       IT SC   EC TDS %             IT SC     EC TDS %
Comm / Brokerage     10    0  0.3     10.3        10    1   0.33   11.33     2500
Interest on Loan etc
                Firm 10    0  0.3     10.3        10   1      0.33   11.33       5000
            Company 20     0  0.6     20.6        20   2      0.66   22.66       5000
Prof. Fees           10    0  0.3     10.3        10   1      0.33   11.33      20000
Contractor             2   0 0.06     2.06         2 0.2     0.066   2.266      20000
Sub Cont / Advt        1   0 0.03     1.03         1 0.1     0.033   1.133      20000
Rent                 20    0  0.6     20.6        20   2      0.66   22.66     120000

Notes:
1) TDS rate for Rent on Plant & Machinery is 10%
2) No-TDS for Interest on Bank FD upto Rs. 10000/-
3) No-TDS for payment to Contractor or Sub-Contractor on single payment
   upto 20000/- and total payment in a year upto Rs. 50000/-

How to Deposit TDS?
1) Deduct TDS as per chart
2) Deposit TDS through challan 281:
   by 7 days after month end or
   by 31st May, if payment credited on 31st Mar
3) Prepare Separate Challan:
   for payment to Company and Non-Company
   for each Type of Payment
   for each Month
TDS (Non-Salary) Calculator for FY 2008-09

Payment To (yearly)                3. Company upto 1 Crore
Payment For                        1. Commission/Brokerage
Amount Paid/Credited                                         15000

TDS @ 10 %                                                    1500
SC @ 0 %                                                         0
EC @ 0.3 %                                                      45
Total TDS @ 10.3 %                                            1545
Net Amount after TDS                                         13455

Limit for No-TDS                   2500
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hope, you will also enjoy while using it.
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