In budget 2010, major changing in TDS rate is change in threshold limit. In different sections 194B,194C,194J etc, threshold limit has been changed as under which will be effected w.e.f. 01.10.2010.
Sl. No. | Section | Nature of payment | Existing threshold limit of payment (Rupees) | Proposed threshold limit of payment (Rupees) |
1. | 194B | Winnings from lottery or crossword puzzle | 5,000 | 10,000 |
2. | 194BB | Winnings from horse race | 2,500 | 5,000 |
3. | 194C | Payment to contractors | 20,000 (for a single transaction) | 30,000 (for a single transaction) |
50,000 (for aggregate of transactions during financial year) | 75,000 (for aggregate of transactions during financial year) | |||
4. | 194D | Insurance commission | 5,000 | 20,000 |
5. | 194H | Commission or Brokerage | 2,500 | 5,000 |
6. | 194-I | Rent | 1,20,000 | 1,80,000 |
7. | 194J | Fees for professional or technical services | 20,000 | 30,000 |
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