www.trsreddyca.com

+91 44 42617079

[email protected]


	Home Partners Services Goods & Services Tax Corporate Services Corporate Finance Services for Non-Residents Accounting Services Payroll Benefits of Outsourcing Income Tax Audit Value Added Tax (VAT) Corporate Governance TDS Knowledge Bank Calculators GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Instalment Bulletins Notification Circular Income Tax Company Law Service Tax Excise Matters Customs RBI SEBI FEMA Labour Laws Central Sales Tax Accounting Standards The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Cost Inflation Index Rates of NSC Interest Gold and Silver Rates Rates of Depreciation Under Income Tax Act Rates of Depreciation Under Companies Act ROC Fee Structure (As per Companies Act, 2013) ROC Filing Fees (As per Companies Act, 2013) Application & Petition Fees (NCLT) Rates of Stamp Duty Limited Liability Partnership Fees National Industries of Classification IFSC Codes MICR Codes HSN Rate List Comparison of Deduction u/s 80TTA & 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Indirect Tax Service Tax(Finance Act, 1994) The Central Excise Act, 1944 Customs Act, 1962 Central Sales Tax Act, 1956 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 The Limited Liability Partnership ACT, 2008 The Securities and Exchange Board of India Act, 1992 VAT Laws Delhi Value Added Tax Act, 2004 Maharashtra Value Added Tax Act (2002) Rajasthan Value Added Tax Act, 2003 Bihar Value Added Tax Act, 2005 Karnataka Value Added Tax Act, 2003 Andhra Pradesh Value Added Tax Act, 2005 The Uttar Pradesh Value Added Tax Act 2008 West Bengal Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Gujarat Value Added Tax Act, 2003 Tamilnadu VAT ACT, 2006 Other Statutes The Indian Partnership Act, 1932 Societies Registration Act, 1860 Reserve Bank of India Act, 1934 Competition Act, 2002 Monopolies and Restrictive Trade Practices Act, 1969 Foreign Exchange Management Act, 1999 The Employees' State Insurance Act, 1948 The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 Profession Tax Act Right To Information Act, 2005 Equalisation Levy Act, 2016 The Insolvency And Bankruptcy Code, 2016 Maharashtra Real Estate Regulatory Authority and Rules THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 GST Laws IGST Act , 2017 Central Goods and Services Tax Act, 2017 Union Territory Goods and Services Tax Act, 2017 GST (Compensation to States) Act, 2017 Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules Customs Valuation Rules Service Tax Rules Central Sales Tax (Delhi) Rules, 2005 Central Sales Tax (Maharashtra) Rules Entry Tax Rules Cenvat Credit Rules, 2017 GST Valuation Rules , 2016 Corporate Laws Rules Companies Rules, 2014 The Companies Unpaid Dividend Rules, 1978 Limited Liability Partnership Rules, 2009 LLP Winding up Rules, 2012 VAT Laws Rules Delhi Value Added Tax Rules, 2005 Maharashtra Value Added Tax Rules, 2005 Haryana Value Added Tax Rules, 2003 Andhra Pradesh Value Added Tax Rules, 2005 The West Bengal Value Added Tax Rules, 2005 The Uttar Pradesh Value Added Tax Rules, 2008 Punjab Value Added Tax Rules Rajasthan Value Added Tax Rules, 2006 Bihar Value Added Tax Rules, 2005 Karnataka Value Added Tax Rules, 2005 Telangna VAT Rules 2005 Gujarat Value Added Tax Rules, 2006 Tamilnadu VAT Rules, 2007 Other Statutes Baggage Rules, 2016 Profession Tax Rules NBFC Acceptance of Public Deposits (Reserve Bank) Directions, 1998 NBFC and Miscellaneous Non-Banking Companies (Advertisement) Rules, 1977 NBFC Auditor’s Report (Reserve Bank) Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules The Insolvency and Bankruptcy of India Rules GST Rules Central Goods and Services Tax Rule, 2017 Forms Income Tax Forms Wealth Tax Forms ROC Forms (As per Companies Act, 1956) Companies Unpaid Dividend Forms Limited Liability Partnership (LLP) LLP Winding up Service Tax Forms NBFCs Forms FEMA Forms ROC Forms (As per Companies Act, 2013) Income Declaration Forms VAT Forms DVAT Forms MVAT Forms Bihar VAT Forms Karnataka VAT Forms UPVAT Forms Haryana VAT Forms WB Vat Forms Punjab VAT Forms Tamil Nadu VAT Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply News Query Careers Contact Us

TDS / TCS RATES FOR F.Y. 2012-13

Section	Nature of Payment	Threshold Limit of Payment		01-04-2012 to 30-06-2012	01-07-2012 onwards
192	Income from Salary	Senior Citizen	Rs. 2,50,000	Average rate of Tax + edu. Cess (no surcharge)	Average rate of Tax + edu. Cess (no surcharge)
		Super Senior Citizen	Rs. 5,00,000
		Others	Rs. 2,00,000
193	Interest on Securities	upto 30-06-2012 from 01-07-2012	Rs. 2500 Rs. 5000	10%	10%
194A	Interest from a Banking Company	Rs. 10,000 per annum		10%	10%
194A	Interest other than from a Banking Co.	Rs. 5,000 per annum		10%	10%
194B	Winning from Lotteries & Puzzles	Rs. 10,000 per annum		30%	30%
194BB	Winning from Horse Races	Rs. 5,000 per annum		30%	30%
194C	Payment to Contractors; Sub-contractor; Advertising Contractors	Rs. 30,000 per contract (or)		Individual/HUF 1% Others 2%	Individual/HUF 1% Others 2%
194C		Rs. 75,000 per annum		Individual/HUF 1% Others 2%	Individual/HUF 1% Others 2%
194D	Insurance Commission	Rs.20,000 per annum		10%	10%
194E	Non-resident Sportsman or Sports Association	-		10%	20%
194G	Commission on Sale of Lottery Tickets	Rs.1000		10%	10%
194H	Commission/Brokerage	Rs. 5,000 per annum		10%	10%
194-I	Rent on Plant / Machinery	Rs. 1,80,000 per annum		2%	2%
194-I	Rent Other then Plant / Machinery	Rs. 1,80,000 per annum		10%	10%
194J	Fees for Professional / Technical Services	Rs. 30,000 per annum		10%	10%
194LA	Compulsory Acquisition of Property	upto 30-06-2012 from 01-07-2012	Rs. 1Lac Rs. 2 Lacs	10%	10%
206C	Scrap	-		1%	1%
206C	Tendu Leaves	-		5%	5%
206C	Timber obtained under a forest lease or other mode	-		2.50%	2.50%
206C	Any other forest produce not being a Timber or tendu leave	-		2.50%	2.50%
206C	Alcoholic Liquor for Human Consumption	-		1%	1%
206C	Packing lot, toll plaza, mining & quarrying	-		2%	2%
206C	Purchase of Bullion/ Jewellery in cash	Rs. 2 Lacs per transaction (Bullion) Rs. 5 Lacs per transaction (Jewellery)		-	1%
206C	Purchase of coal lignite, Iron ore by a trader	-		-	1%

Notes

1. Surcharges & Education Cess

Type of Payment	Surcharge	Education Cess (3.00%)
Salary	No	Yes
Other Payments to Residents	No	No
Other Payments to Foreign Co. (Payment exceeds 1 cr.)	2%	Yes
Other Payments to Foreign Co. (Payment upto 1 cr.)	No	Yes
Payments to Other Non-residents (Irrespective of amount)	No	Yes
Other Payments to Foreign Co. (Payment exceeds 10 cr.)	5%	Yes

2. Nil rate will be applicable to transporter of goods if he provides his PAN to the deductor.
3. Nil Deduction entries of transporters also to be shown in Form 26Q.
4. TDS @ 20% where PAN not furnished.

Fees and Penalties

Section	Description	upto 30-06-212	01-07-2012 Onwards
234E	Fee for late filing of TCS/ TCS return	Rs. 100 per day (not exceeding amount of tax)	Rs 200 per day (not exceeding amount of tax)
271H(1)(a)	Penalty for Late filing of TCS/TCS return beyond 1 year	-	Minimum Penalty : Rs. 10,000 Maximum Penalty : Rs. 1 lac
271H(1)(b)	Penalty for providing incorrect information in TDS/TCS Return	-	Minimum Penalty : Rs. 10,000 Maximum Penalty : Rs. 1 lac

Other Important Changes

Section

Description

upto 30-06-212

01-07-2012 Onwards

197A

Eligible Age for Form 15H (Payment without TDS)

65 years.

60 years.

201/206C

Interest on non-short deduction of tax where deductee deposits advance/ self assessment tax

Till TDS deposited

Till date of filing of ITR by deductee wherein full tax has been deposited. CA certificate needed.

40(a)(ia)

Disallowance of payment made without TDS where deductee deposits advance / self assessment tax

Till TDS deposited

Till date of filing of ITR by deductee wherein full tax has been deposited. CA certificate needed.

200A

Appeal, Rectification against Intimation of TDS Return

Yes

Interest on delay in deposit of tax after deduction

Stage of deduction	Rate per month or part of the month
From date when deductible till actual deduction	1%
From date of deduction till payment	1.5%

Click here to view TDS / TCS RATES FOR F.Y. 2011-12

33828 Times Visited