Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2008-09 - Income Tax - Ready Reckoner - Income Tax

Rates of TDS for the Financial Year 2008-2009 (Rates are inclusive of Surcharge, Education Cess and Secondary Higher Education Cess) Section Particulars Individual/HUF Firm Domestic Company (10 lacs or below) (Above 10 lacs) (1 cores or below) (Above 1 crores) (1 cores or below) (Above 1 crores) 192 Salary Normal Rate 193 Interest on Specified Securities 10.30% 11.33% 10.30% 11.33% 20.60% 22.66% 193 Interest other Securities 20.60% 22.66% 20.60% 22.66% 20.60% 22.66% 194 Dividend (Deemed) 20.60% 22.66% 20.60% 22.66% 20.60% 22.66% 194 Dividend (Other) Nil Nil Nil Nil Nil Nil 194A Interest other than interest on security 10.30% 11.33% 10.30% 11.33% 20.60% 22.66% 194B Winning from Lotteries 30.90% 33.99% 30.90% 33.99% 30.90% 33.99% 194BB Winning for horse race 30.90% 33.99% 30.90% 33.99% 30.90% 33.99% 194C Payment to Advertising agency 1.03% 1.133% 1.03% 1.133% 1.03% 1.133% 194C Payment to subcontractor 1.03% 1.133% 1.03% 1.133% 1.03% 1.133% 194C Payment to other contractors 2.06% 2.266% 2.06% 2.266% 2.06% 2.266% 194D Insurance Commission 10.30% 11.33% 10.30% 11.33% 20.60% 22.66% 194E Payment to a non-resident sportsman or association 10.30% 11.33% NA NA NA NA 194EE Payment for National Saving Scheme, 1987 20.60% 22.66% 20.60% 22.66% 20.60% 22.66% 194F Payment for repurchase of units 20.60% 22.66% 20.60% 22.66% 20.60% 22.66% 194G Commission on sale of lottery ticket 10.30% 11.33% 10.30% 11.33% 10.30% 11.33% 194H Commission or Brokerage 10.30% 11.33% 10.30% 11.33% 10.30% 11.33% 194I Rent on land, building or furniture 15.45% 16.995% 20.60% 22.66% 20.60% 22.66% 194I Rent on plant, machinery or equipment 10.30% 11.33% 10.30% 11.33% 10.30% 11.33% 194J Fees for Professional/Technical services 10.30% 11.33% 10.30% 11.33% 10.30% 11.33% 194LA Compensation to a resident on acquisition of certain immovable property 10.30% 11.33% 10.30% 11.33% 10.30% 11.33% 1. Self Declaration - Tax (TDS) is not deductible under section 193 , 194 , 194A , 194EE or 194K if the recipient makes a declaration in Form 15G / 15H under the provisions of section 197A. 2. Certificate from AO - Under Section 197 - A person can apply to AO and seek a certificate in Form 13 for no deduction of TDS or deduction of TDS at lower rates under sections192 , 193 , 194 , 194A , 194C , 194D , 194G , 194H [, 194-I , 194J , 194K , 194LA and 195 . ===================================