TDS RATE CHART
ASSESSMENT YEAR 2012-2013
FINANCIAL YEAR 2011-2012
If No PAN
Nature of Payments Individual OR
Threshold Co-op Soc.
Made to Resident HUF Invalid
Sec. Description Amount RATE RATE RATE
Interest - Payable by Banks 10,000 10 10 20
194A Interest - Payable by Others 5,000 10 10 20
194B Winning from Lotteries / Crossword Puzzle 10,000 30 30 30
Payment to Contractors - Single Transaction 30,000 2 1 20
Payment to Contractors - Aggregate in a financial year 75,000 2 1 20
194D Insurance Commission 20,000 10 10 20
194H Commission / Brokerage 5,000 10 10 20
Rent 1,80,000 10 10 20
Rent - Plant / Machinery 1,80,000 2 2 20
194J Professional Fees 30,000 10 10 20
* No tax is to be deducted in the case the Contractor is in transport business and PAN is Quoted by him
*Interest of late deposit of TDS is proposed to be increased from 12% p.a to 18% p.a effective from 1st July 2010.
Notes: (1) Due date of payments is as under:
(a) Credit/Paid in the month of March – 30th April
(b) Any other case – On or before 7 days from the end of the month in which deduction is made.
(2) With effect from 1st April 2010, in case the receiver of the sum does not have PAN,
then the deduction has to be made @ 20% or higher rate
The Due Dates for filing Quarterly Statements for TDS/TCS
For quarter ended Due Dates
TDS DEPOSIT RULE
As a common rule tax is to be deposited with 7th of the immediate next month after deduction .
However March tax is to be deposited by 30th April of the next financial year.
For March ,2011 tds ,due date is 30.04.2011 and March 2012 due date is 30.04.2012.