TDS Rate For FY 2012-2013

Sl. No.	Section Of Act	Nature of Payment in brief	NO TDS if payment does not exceeds (Rs.)		Rate %
			01.04.2012	01.07.2012	Individual, HUF,AOP.BOI	Others
1	192	Salaries	Salary income must be more then exemption limit after deductions.		Average Rate
2	193	Interest on debentures	2500	5000	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	10000	10000	30		30
6	194BB	Winnings from Horse Race	5000	5000	30		30
7	194C(1) & (2)	Payment to Contractor & Sub-Contractor/Advertisment	30000 for single transaction and Rs. 75000 for aggregate of FY	30000 for single transaction and Rs. 75000 for aggregate of FY	1		2
8	194D	Insurance Commission	20000	20000	10		10
9	194EE	Payments out of deposits under NSS	2500	2500	20		-
10	194F	Repurchase of units by MF/UTI	1000	1000	20		20
11	194G	Commission on sale of lottery tickets	1000	1000	10		10
12	194H	Commission or Brokerage	5000	5000	10		10
13	194I	Rent (Land & building)	180000	180000	10		10
		Rent (P & M , Equipment, furniture & fittings)	180000	180000	2		2
14	194J	Professional/Technical charges/Royalty & Non-compete fees	30000	30000	10		10
15	194J(1)(ba)	Any remuneration or commission paid to director of the company(Effective from 1 July 2012)	NA	NIL	10		10
16	194LA	Compensation on acquisition of immovable property	100000	200000	10		10
17	194LLA	Payment on transfer of certain immovable property other than agricultural land (Finance Minister has withdraw TDS on such transaction on 07/05/2012)	(a) INR 50 lakhs in case such property is situated in a specified urban agglomeration; or(b) INR 20 lakhs in case such property is situated in any other area)		withdrawn by Finance Minister on 07/05/2012 no tds on such transactions		withdrawn by Finance Minister no no tds on transfer of immovable property

Note:

1.       TDS at higher rate ie., 20% has to be made if the deductee does not provide PAN to the deductor
2.       No TDS on Goods Transport  :No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages on furnishing of his Permanent Account Number, to the person paying or crediting such sum.

3.       Surcharge on Income-tax is not deductible/ collectible at source in case of individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.

4.       In the case of Company other than Domestic Company, the rate of surcharge is @ 2.5% of Income-tax, where the income or the aggregate of such income paid or likely to be paid exceeds Rs.1,00,00,000. 

5.       No Cess on payment made to resident: Education Cess is not deductible/collectible at source in case of resident Individual/HUF/Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary.Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.