To All Concerned
Rates of TDS for the F.Y. 2008-09
Nature of Payment	Section	FA	Max.	If the recipient is an	If the recipient is an individual,	If the recipent is an Company
		code	Limit	Individual,HUF payment	payment exceed Rs.1,00,00,000/-	Co-operative soceity, firm or
				does not exceed Rs.1,00,00,000/-		local authority
				TDS (%)	TDS (%)	TDS (%)
Interest other than Interest on Securities (Other than
Interest by Bank)	194-A	12512	10000	10.300%	11.330%	22.660%
Payment of Interest by bank (From 01/06/07 onwards)
Payment to a Contractor	194-C	12511	20000	1.030%	1.133%	1.133%
(In case of advertising agency)
Payment to a Contractor	194-C	12511	20000	2.060%	2.266%	2.266%
Courier, Security Guard, Office Construction
AMC charges, Repair & maintenance exp.
Photostate & Typing
Printing & Stationary (except Purchase),
Office Maintenance etc.
Payment to a Sub-Contractor	194-C	12511	20000	1.030%	1.133%	1.133%
Trucks Attached, Air Freight, Loading-Unloading
Pick-up & Delivery Charges, Forklift Hire Charges
Lorry Hire Charges, Local Booking/Delivery Exp.,
Packaging & Forwarding Charges, Octoroi paid to
Agent, Wagon Freight paid to Agent.
Payment of Commission/Brokarege	194-H	12514	2500	10.300%	11.330%	11.330%
Any commission or Brokarege paid to
our Agent / Brokers.
Payment of Rent	194-I	12515	120000	15.450%	16.995%	22.660%
Any payment by way of rent for the use of
Land or Building/Electricity/Other Charges paid
to the Owner,Hiring charges(genrators,machinery etc.)
Payment of Rent	194-I	12515	120000	10.300%	11.330%	11.330%
Any payment by way of rent for the use of
Plant & Machinery
Fees for professional / Technical services	194-J	12513	20000	10.300%	11.330%	11.330%
Professional:-CA/CS/ Lawyers/Advocates etc.
Technical :- Consultants etc.
If you have any confusion regarding any matter of Taxation i.e.TDS , service Tax (Cenvet) pls call on Ph.(Direct)- 9313399283
E-mail ID's	nagpapu@gmail.com
	nagpapu@yahoo.com
NOTE:
1. Surcharge for deducting tax at source shall be leviable in case where payment is made to an individual or HUF, AOP or body of individual when aggregate amount paid or likely to be paid and subject to tax deduction exceeds Rs.10 lakhs, in case payment is made to a firm or a domestic company when aggregate amount paid or likely to be paid exceeds Rs.1 crore. In the case of payment to other than a domestic company the surcharge shall be levied @ 2.5%. Applicability of surcharge, in case payment exceeds the above prescribed limit is effective from 01.04.2007.
2.TDS Certificate to be issued in revised form No. 16, 16A & 27 notified by the CBDT
3. Education Cess @ 3% is applicable with effect from 1.4.2007.
4. Change in rate of deduction of tax at source on payment of commission, brokerage, professional/technical services, rent shall be effective from 01.06.2007.
5. Applicability of increased limit of Rs.10,000/- for non deduction of tax in respect of payment of interest by bank shall be effective from 01.06.2007.
6. Applicability of leviability to deduct tax at source on payment by individual/HUF having turnover exceeding the limit prescribed in Section 44AB in respect of payment to contractors shall be effective from 1st June, 2007.