Provisions Relating to TDS for Financial Year 2008-09  
(A.Y. 2009-10)						
	
							
							
S.No.	Nature of Payment	Section	When to Deduct
	Rate of TDS		When to Deposit	T.D.S.
			T.D.S.	Individual	Company
	T.D.S.	Return
1	Salary	192	Monthly salary income	At 
prevailing	-	1 week from the end	Form No.24 Q
			if exceeding taxable limit
	I.T. Rates		of the month in which
	Quaterly
						deduction 
was made.	
							
2	Interest	194-A	If exceeds Rs.5000/-
	10.30%	20.60%	-do-	Form No. 26 Q
						
	Quaterly
							
3	Payment  to 	194-C	If exceeds Rs.20000/-	
			
	Contractors Including		a) Contractors
	2.06%	2.06%	-do-	Form No. 26 Q
	transporters		b) Sub-Contractors
	1.03%	1.03%		Quaterly
							
4	Rent	194-I	If exceeds Rs.120000/-	15.45%
	20.60%	-do-	Form No. 26 Q
			per annum.			
	Quaterly
	Rent of Plant & Machinery			
			
	or Equipment	194-I	w.e.f 1.6.2007	10.30%
	10.30%	-do-	
							
							
5	Professional Charges	194-J	If exceeds 
Rs.20000/-	10.30%	10.30%	-do-	Form No. 26 Q
				w.e.f 1.6.2007		
	Quaterly
							
6	Commission or	194-H	If exceeds Rs.2500/-
	10.30%	10.30%	-do-	Form No. 26 Q
	Brokerage			w.e.f 1.6.2007	
		Quaterly
							
	Provisions Relating to TCS			
			
							
1.	Scrap	206-C		1.03%	1.03%	-do-
	Form No. 27 EQ
						
	Quaterly
	Surcharge					
	
Note :	1.  If the income/payment of the individual exceeds 
Rs. 10 Lacs or income/payment of Firm/ company  	
					
	    exceeds Rs. 1.00 Crore,Surcharge @ 10% is to be 
added while deducting  TDS. 				
		
							
	Dividend Tax					
	
	2.  Dividend Tax is payable within 7 day of 
declaration of divdend by distribtuing co. @16.995% on 
dividend declared on 					
	
	    or after 1st April 2007			
			
							
	3.   If TDS has been deducted on the basis of 
amount credited at the end of the year  I.e. 31st March, 
then the last date for 					
	
	    deposit of  TDS is 31st May. 		
				
							
	4.   'TDS number should be applied in Form No. 49-B 
within 30 days from the date of 1st deduction of TDS.	
					
							
							
	5. Quaterly TDS Return is to be filed for all 
deductions made in one Quarter on or before 15th of 
following						
	    month  from   the end of Quarter. However, for 
the last Qtr., the due date is 15th June.