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Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2007-08 - Income Tax - Ready Reckoner - Income TaxExtract Rates of TDS for the Financial Year 2007-2008 (Rates are inclusive of Surcharge, Education Cess and Secondary Higher Education Cess) Section Particulars Individual/HUF Firm Domestic Company (10 lacs or below) (Above 10 lacs) (1 cores or below) (Above 1 crores) (1 cores or below) (Above 1 crores) 192 Salary Normal Rate 193 Interest on Specified Securities 10.30% 11.33% 10.30% 11.33% 20.60% 22.66% 193 Interest other Securities 20.60% 22.66% 20.60% 22.66% 20.60% 22.66% 194 Dividend (Deemed) 20.60% 22.66% 20.60% 22.66% 20.60% 22.66% 194 Dividend (Other) Nil Nil Nil Nil Nil Nil 194A Interest other than interest on security 10.30% 11.33% 10.30% 11.33% 20.60% 22.66% 194B Winning from Lotteries 30.90% 33.99% 30.90% 33.99% 30.90% 33.99% 194BB Winning for horse race 30.90% 33.99% 30.90% 33.99% 30.90% 33.99% 194C Payment to Advertising agency 1.03% 1.133% 1.03% 1.133% 1.03% 1.133% 194C Payment to subcontractor 1.03% 1.133% 1.03% 1.133% 1.03% 1.133% 194C Payment to other contractors 2.06% 2.266% 2.06% 2.266% 2.06% 2.266% 194D Insurance Commission 10.30% 11.33% 10.30% 11.33% 20.60% 22.66% 194E Payment to a non-resident sportsman or association 10.30% 11.33% NA NA NA NA 194EE Payment for National Saving Scheme, 1987 20.60% 22.66% 20.60% 22.66% 20.60% 22.66% 194F Payment for repurchase of units 20.60% 22.66% 20.60% 22.66% 20.60% 22.66% 194G Commission on sale of lottery ticket 10.30% 11.33% 10.30% 11.33% 10.30% 11.33% 194H Commission upto 31.05.2007 5.15% 5.665% 5.15% 5.665% 5.15% 5.665% 194H Commission from 01.06.2007 10.30% 11.33% 10.30% 11.33% 10.30% 11.33% 194I Rent on land, building or furniture 15.45% 16.995% 20.60% 22.66% 20.60% 22.66% 194I Rent on plant, machinery or equipment from 01.06.2007 10.30% 11.33% 10.30% 11.33% 10.30% 11.33% 194J Fees for Professional/Technical services upto 31.05.2007 5.15% 5.665% 5.15% 5.665% 5.15% 5.665% 194J Fees for Professional/Technical services from 01.06.2007 10.30% 11.33% 10.30% 11.33% 10.30% 11.33% 194LA Compensation to a resident on acquisition of certain immovable property 10.30% 11.33% 10.30% 11.33% 10.30% 11.33%
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