TDS Rates for financial year 2011-12 and assessment year 2012-13

TDS RATE CHART FINANCIAL YEAR 2011-12 (ASSESSMENT YEAR 12-13)

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Sl. No. Section Of Act Nature of Payment in brief Cut Off Amount Rate % 30/06/2010 —01/07/2010 HUF/IND Others 1 192 Salaries Salary income must be more then exemption limit after deductions. 2 193 Interest on Securities – – 10 10 3 194 Deemed dividend – – 10 10 4 194A Interest other than Int on securities (by Bank)* 10000 10000 10 10 4A 194A Interest other than Int. on securities (By others) 5000 5000 10 10 5 194B Lottery / Cross Word Puzzle 5000 10000 30 30 6 194BB Winnings from Horse Race 2500 5000 30 30 7 194C Contracts/sub contracts 20000 30000 1 2 8 194D Insurance Commission 5000 20000 10 10 11 194G Commission on sale of lottery tickets 1000 1000 10 10 12 194H Commission or Brokerage 2500 5000 10 10 13 194I Rent (Land & building)# 120000 180000 10 10 Rent (P & M , Equipment, furniture & fittings)# 120000 180000 2 2 14 194J Professional/Technical  charges/Royalty & Non-compete fees 20000 30000 10 10 15 194LA Compensation on acquisition of immovable property *Interest from savings bank account is not liable for TDS. # Amount of service tax is not included while calculating TDS. Note: If any payee has not having PAN then TDS rate will be 20% or normal rate whichever is higher. Compiled by: Taxguru.in 100000 100000 10 10