MANISH GOYAL

Chartered Accountants- Student

M. 9211353967

TAX DEDUCTED AT SOURCE

Rules Applicable from 1st July ,2010

PAN not Certificate for Date of Deposite of Quaterly

Section Particulars Liability Exempt Upto Rate Due date for Deposit
provided TDS and Time Return Return Form

7th of the next month in

which deduction is made
At the time of Form No.16 on or 15th July, 15th Oct, 15th
192 SALARY Basic Exmption Limit Slab Rate and in case of deduction in Form no. 24Q
Payment before 31st May Jan,15th July
the month March , 30th
April.of the next month in
7th
Form No.16A ,
which deduction is made
INTEREST ON Payment or Credit In case of debenture 31th July, 15th July, 15th Oct, 15th
193 10% and in case of deduction in Form No. 26Q
SECURITIES whichever is earlier Rs.2500 31Oct.,31st Jan,15th July
the month March , 30th
Jan.,31st May.
April.
Rs.5000 , 7th of the next month in
INTEREST Form No.16A ,
if payer is a which deduction is made
OTHER THAN Payment or Credit 31th July, 15th July, 15th Oct, 15th
194A bank or cooperative 10% and in case of deduction in Form No. 26Q
INTEREST ON whichever is earlier 31Oct.,31st Jan,15th July
Society than - the month March , 30th
SECURITIES Jan.,31st May.
Rs.10000 April.

7th of the next month in

Form No.16A ,
WINNINGS which deduction is made
Payment or Credit 31th July, 15th July, 15th Oct, 15th
194B FROM Rs.10000. 30% and in case of deduction in Form No. 26Q
whichever is earlier 31Oct.,31st Jan,15th July
LOTTERIES the month March , 30th
Jan.,31st May.
April.
If PAN is not provided ,rate of TDS shall be 20%

7th of the next month in

Form No.16A ,
WINNINGS which deduction is made
Payment or Credit 31th July, 15th July, 15th Oct, 15th
194BB FROM HORSE Rs.5000. 30% and in case of deduction in Form No. 26Q
whichever is earlier 31Oct.,31st Jan,15th July
RACES the month March , 30th
Jan.,31st May.
April.

Single
No TDS on
payment/credit 7th of the next month in
Freight Form No.16A ,
exceeds Rs. 30000 which deduction is made
PAYMENT TO Payment or Credit Payment. 31th July, 15th July, 15th Oct, 15th
194C or Total and in case of deduction in Form No. 26Q
CONTRACTOR whichever is earlier Individual or 31Oct.,31st Jan,15th July
credit/payment the month March , 30th
HUF - 1% Jan.,31st May.
exceeds Rs. 75000 April.
Others - 2%
during the FY.

7th of the next month in

Form No.16A ,
which deduction is made
INSURANCE Payment or Credit 31th July, 15th July, 15th Oct, 15th
194D Rs. 20000 10% and in case of deduction in Form No. 26Q
COMMISSION whichever is earlier 31Oct.,31st Jan,15th May
the month March , 30th
Jan.,31st May.
April.

7th of the next month in

COMMISSION Form No.16A ,
which deduction is made
ON SALES OF Payment or Credit 31th July, 15th July, 15th Oct, 15th
194G Rs. 1000 10% and in case of deduction in Form No. 26Q
LOTTERY whichever is earlier 31Oct.,31st Jan,15th July
the month March , 30th
TICKETS Jan.,31st May.
April.

7th of the next month in

Form No.16A ,
which deduction is made
COMMISSION/B Payment or Credit 31th July, 15th July, 15th Oct, 15th
194H Rs. 5000 10% and in case of deduction in Form No. 26Q
ROKERAGE whichever is earlier 31Oct.,31st Jan,15th July
the month March , 30th
Jan.,31st May.
April.

Plant & 7th of the next month in

Form No.16A ,
Machinery- which deduction is made
Payment or Credit 31th July, 15th July, 15th Oct, 15th
194I RENT Rs. 180000 2% and in case of deduction in Form No. 26Q
whichever is earlier 31Oct.,31st Jan,15th July
Otherwise- the month March , 30th
Jan.,31st May.
10% April.

7th of the next month in

Form No.16A ,
PROFESSIONAL which deduction is made
Payment or Credit 31th July, 15th July, 15th Oct, 15th
194J OR TECHNICAL Rs. 30000 10% and in case of deduction in Form No. 26Q
whichever is earlier 31Oct.,31st Jan,15th July
SERVICES the month March , 30th
Jan.,31st May.
April.