TDS Rates for N.R.I us 195

TDS RATES FOR NON-RESIDENTS U/S 195 OF INCOME TAX ACT, 1961

Nature of Payment Co. Others
1. Long Term Capital Gains u/s 115E NA 10%
2. Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38)) 20% 20%
3. Short Term Capital Gains u/s. 111A 15% 15%
4. Investment income from Foreign Exchange Assets NA 20%
5. Interest payable on moneys borrowed or debt incurred in Foreign Currency 20% 20%
6. Royalty & Fees for technical services u/s. 115A
– Agreement  1st June, 1997 to 31st May, 2005
– Agreement on or after 1st June 2005
20%
10%
20%
10%
7. Winnings from Lotteries, Crossword Puzzles and Horse Races 30% 30%
8. Any Other Income 40% 30%

SURCHARGE & EDUCATION CESS

Type of Payment Surcharge Rate Health & Education Cess (4.00%)
Payment to Non-Residents (other than Cos) Upto 1cr Nil Yes
> 1 Crore 15%
 Payments to Foreign Co. Upto 1cr Nil Yes
> 1 Crore 2%
> 10 Crores 5%

Applicable Rates

Non Resident – if income/payment is above ₹50 Lakh but below ₹1 Crore 10%
Non Resident – if income/payment is above ₹1 Crore but below ₹2 Crores 15%
Non Resident – if income/payment is above ₹2 Crores but below ₹5 Crores 25%
Non Resident – if income/payment is above ₹5 Crores 37%
Foreign companies – if income/payment is above ₹1 Crore but below ₹10 Crores 2%
Foreign companies – if income/payment is above ₹10 Crore 5%
Non-Resident Co-operative Society and Firms – if income/payment exceeds ₹1 crore 12%
Health & Education Cess 4% of (TDS/Tax + Surcharge)

 

INTEREST ON DELAY IN DEPOSIT OF TAX AFTER DEDUCTION

Stage of deduction

Upto 30th June 2010 (Rate permonth or part of the month)

From 1st July 2010 (Rate per month or part of the month)

From date when deductible till actual deduction

1% 1%

From date of deduction till payment

1% 1.5%

 

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