TDS Rates effective from 1st October,2009
- 17 Comment
Introduction
TDS is the tax deducted at source. This tax tax is deducted in the different scenarios. There is a change in the rates applicable for TDS effective 1st October, 2009. Here I am presenting the list. If you have any doubts please post it in the comments section. Subscribe to our future articles here.
New TDS Rates
In the 2009-10 budget, there is changes in the existing TDS rates and finance minister announced that the new rates will be effective from 1st October, 2009. The below table lists the important category and the rates for that. If you want to know about the TDS, please read What is TDS?
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17 Comments on this post
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Kannan said:
house rent also is included. If so, I’m paying the rent to the house owner. I have to detect TDS and pay to whom?
KannanSeptember 16th, 2009 at 7:29 am -
krishnas said:
Hello Kannan,
You need not do that. It will be applicable only for the large organisation. To deduct the TDS you must first obtain the TIN number. Individual cannot get the status.
Thanks,
KrishnaSeptember 16th, 2009 at 6:39 pm -
Prasanna said:
This information seems not complete. What about the cess and surcharges?
The information received from other sources state that cess and surcharges are not applicable henceforth.
It is True?
October 8th, 2009 at 9:29 pm -
krishnas said:
Hello Prasanna,
Yes..with the new chages, there is no surcharge or cess on TDS.
Thanks,
KrishnaOctober 9th, 2009 at 2:13 am -
Divya said:
The information given seems to be ambiguous. At what circumstance 20% for rent should be deducted?
October 15th, 2009 at 1:33 am -
Kanwaljit` said:
Hi,
It seems the TDS rates for 194A for other than Individuals are wrong. It should be 10% too.
November 10th, 2009 at 1:15 am -
krishnas said:
Hello Kanwaljit,
Thank you for the info. I will check it and update the post if it is wrong.
Thanks,
KrishnaNovember 10th, 2009 at 2:45 am -
MANJULA said:
ON HIRING OF D.G SET SHOULD WE DEDUCT TDS
November 10th, 2009 at 4:16 am -
krishnas said:
Hello Manjula,
Can you explain your question?
Thanks,
KrishnaNovember 10th, 2009 at 10:27 pm -
D.K. TAWAKLEY said:
Please advise if education cess is attracted in case of rent payments to NRIs during FY 2009-10.
November 27th, 2009 at 4:15 am -
Gyan Prakash said:
pls tell me one thing here ,, if we r deducting the WCT from vendor bill then TDS is also deduted from bill as well as the wCT?
GyanDecember 3rd, 2009 at 10:43 pm -
kiran said:
hi, sir.
i am an accountant & working in IT company
how much pay the tds on building rent. from october 2009.
please reply.thanks,
kiranFebruary 15th, 2010 at 2:20 am -
balu said:
hi, sir.
i am an accountant & working in IT company
how much pay the tds on building rent. from october 2009.
please reply.thanks,
baluFebruary 15th, 2010 at 2:21 am -
kiran said:
what are current rates for WCT in delhi??
March 2nd, 2010 at 12:56 am -
AJAY AGGARWAL said:
SHOULD THE TRANSPORTERS NEED TO FILE TDS RETURN FOR NIL AGAINST QUOTED PAN OR NOT? IF NOT THEN WHAT IS THE PROCESS FOR TRANSPORTERS, WILL YOU PLEASE LET ME KNOW FOR TDS RETURN FOR TRANSPORTERS?
April 9th, 2010 at 11:56 pm -
pronay Das said:
sir,
can i know surcharge & cess are applicable on TCSJune 2nd, 2010 at 5:55 am
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