TDS Rate Chart 11-12 Resident Senior Citizen (65 years or more at any time during the financial year)
TDS Rate Chart 2011-12 For Assessment Year 2012 – 2013 | |
TDS Rate Chart 11-12 Resident Senior Citizen (65 years or more at any time during the financial year) | |
Taxable Income | Tax Payable |
Upto Rs.250,000 | NIL |
From Rs.250,001 to Rs.300,000 | 10% of income above Rs.250,000 |
From Rs.300,001 to Rs.500,000 | Rs.5,000 + 20% of income above Rs. 300,000 |
Above Rs.500,000 | Rs.46,000 + 30% of income above Rs.500,000 |
Surcharge | NIL (Surcharge has been removed for Individuals) |
Education Cess | 2% of Total tax payable |
Secondary & Higher Education Cess | 1% of Total tax payable |
TDS Rate Chart 11-12 Resident Women / Female | |
Taxable Income | Tax Payable |
Upto Rs.190,000 | NIL |
From Rs.190,001 to Rs.300,000 | 10% of income above Rs.190,000 |
From Rs.300,001 to Rs.500,000 | Rs.11,000 + 20% of income above Rs.300,000 |
Above Rs.500,000 | Rs.51,000 + 30% of income above Rs.500,000 |
Surcharge | NIL (Surcharge has been removed for Individuals) |
Education Cess | 2% of Total tax payable |
Secondary & Higher Education Cess | 1% of Total tax payable |
TDS Rate Chart 11-12 All Resident Individuals (Excluding Females & Senior Citizens), any HUF (Hindu Undivided Family), AOP(Association of Persons), BOI (Body of Individuals), Artificial Juridical Person, NRI (non Resident Indian), RNOR (Resident but not ordinarily Resident) | |
Taxable Income | Tax Payable |
Upto Rs.180,000 | NIL |
From Rs.180,001 to Rs.300,000 | 10% of income above Rs.180,000 |
From Rs.300,001 to Rs.500,000 | Rs.12,000 + 20% of income above Rs.300,000 |
Above Rs.500,000 | Rs.54,000 + 30% of income above Rs.500,000 |
Surcharge | NIL |
Education Cess | 2% of Total tax payable |
Secondary & Higher Education Cess | 1% of Total tax payable |
TDS Rate Chart 11-12 Co-operative Society | |
Taxable Income | Tax Payable |
Upto Rs.10,000 | 10% |
From Rs.10,001 to Rs.20,000 | Rs.1,000 + 20% of income above Rs.10,000 |
Above Rs.20,000 | Rs.3,000 + 30% of income above Rs.20,000 |
Surcharge | NIL |
Education Cess | 2% of Total tax payable |
Secondary & Higher Education Cess | 1% of Total tax payable |
TDS Rate Chart 11-12 Local Authorities | |
Taxable Income | Tax Payable |
Tax Rate | 30% of taxable income |
Surcharge | NIL |
Education Cess | 2% of Total tax payable |
Secondary & Higher Education Cess | 1% of Total tax payable |
TDS Rate Chart 11-12 Firms & LLPs (Limited Liability Partnerships) | |
Taxable Income | Tax Payable |
Tax Rate | 30% of taxable income |
Surcharge | NIL |
Education Cess | 2% of Total tax payable |
Secondary & Higher Education Cess | 1% of Total tax payable |
TDS Rate Chart 11-12 Domestic Companies | |
Taxable Income | Tax Payable |
Tax Rate | 30% of taxable income |
Surcharge (if taxable income exceeds Rs.10,000,000) | 10% of total tax payable |
Education Cess | 2% of (Total tax payable + Surcharge) |
Secondary & Higher Education Cess | 1% of (Total tax payable + Surcharge) |
TDS Rate Chart 11-12 Foreign Companies | |
Taxable Income | Tax Payable |
For Royalties received from Government of India, or an Indian concern in pursuance of an agreement made by it with the Indian concern after 31-Mar-1961 but before 01-Apr-1976, or FEES for rendering technical services in pursuance of an agreement made by it after 29-Feb-1964 but before 01-Apr-1976 and where such agreement has in either case been approved by the central government | 50% of this income |
Any other taxable income | 40% of taxable income |
Surcharge (if taxable income exceeds Rs.10,000,000) | 2.5% of total tax payable |
Education Cess | 2% of (Total tax payable + Surcharge) |
Secondary & Higher Education Cess | 1% of (Total tax payable + Surcharge) |
Marginal Relief | |
The net amount payable as income tax and surcharge shall not exceed the total amount payable as income tax on total income of “Surcharge limit” by more than the amount of income that exceeds the “Surcharge limit“ | |
Note: Surcharge Limit | |
For Firms, Domestic Companies and Foreign Companies (Rs.10,000,000) | |
194BB | Winnings from Horse Race > Rs. 5,000 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
194C | Contracts to Transporter, who has provided a valid PAN | 0* | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contracts TDS Slabs on salary income for the FY 2011-12 and AY 2012-13 Form 24Q:
Form 26Q:
to Individuals/HUF | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contracts to others | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
194D | Insurance Commission > Rs.20,000 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
194EE | Withdrawal from NSS > Rs.2,500 | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
194F | Repurchase of Units by MF/UTI | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
194G | Commission on Sale of Lottery Tickets > Rs.1,000 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
194H | Commission or Brokerage > Rs.5,000 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
194I | Rent > Rs.1,80,000 p. a. Rent of Plant & Machinery | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rent of Land, Building, Furniture, etc | 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
194J | Professional or Technical Fess > Rs.30,000 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
194LA | Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during the financial year | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Surcharge | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Education Cess | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
* If there is no PAN details, then it is 20%. (or at actual, whichever is higher) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Form 27Q:
Section | Nature of Payment | Status | Tax (%) |
194E | Payment to nonresident sportsmen or sports association | 10 | |
195(a) | Income from foreign exchange assets payable to an Indian citizen | 20 | |
195(b) | Income by way of long-term capital gain referred to in sec. 115E | 10 | |
195(c) | Income by way of Short-term capital gains u/s. 111A | 15 | |
195(d) | Income from other long-term capital gains | 20 | |
195(e) | Income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency | 20 | |
195(f) | Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India – | ||
1.Where the agreement is made before June 1, 1997 | 30 | ||
2.Where the agreement is made after May 31, 1997 but before June 1, 2005 | 20 | ||
3.Where the agreement is made on or after June 1, 2005 | 10 | ||
195(g) | Royalty (not being royalty of the nature referred to in (e) sub para) payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy | ||
1.Where the agreement is made after March 31, 1961 but before April 1, 1976 | COMPANY | 50 | |
OTHERS | 30 | ||
2.Where the agreement is made after March 31, 1976 but before June 1, 1997 | 30 | ||
3.Where the agreement is made after May 31, 1997 but before June 1, 1997 | 20 | ||
4.Where the agreement is made on or after June 1, 2005 | 10 | ||
195(h) | Fee for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with the policy – | ||
1.Where the agreement is made after February 29, 1964 but before April 1, 1976 | COMPANY | 50 | |
OTHERS | 30 | ||
2.Where the agreement is made after March 31, 1976 but before June 1, 1997 | 30 | ||
3.Where the agreement is made after May 31, 1997 but before June 1, 2005 | 20 | ||
4.Where the agreement is made on or after June 1, 2005 | 10 | ||
195(i) | Any other income | COMPANY | 40 |
OTHERS | 30 | ||
196A | Income in respect of Units of Non-residents | 20 | |
196B | Income and Long-term Capital gain from units of an Off shore fund | 10 | |
196C | Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies | 10 | |
196D | Income of Foreign Institutional Investors for Securities | 20 | |
Surcharge ( On Tax) | Applicable for Foreign Companies if payment/credit exceeds Rs.1 crore of such companies | 2.5 | |
Education Cess | on Tax deducted Plus Surcharge | 3 | |