| NATURE OF
PAYMENT |
IT |
SC |
TOTAL |
| A.
Salary to an employee [sec. 192] |
Regular
rates |
|
|
| |
|
|
|
| B In
the case of payment to a resident other than a company
: |
|
|
|
| a. interest
other than interest on securities |
10 |
1 |
11 |
| b. winnings
from lotteries and crossword puzzles |
40 |
4 |
44 |
| c. winnings
from horse races |
40 |
4 |
44 |
| d. insurance
commission |
10 |
1 |
11 |
| e. interest
on debentures or securities (other than a security of the Central or
a State Government) for money issued by or on behalf of a local
authority or a statutory corporation or listed debentures of a
company |
10 |
1 |
11 |
| f. rent to
an individual or a Hindu undivided
family |
15 |
1.5 |
16.5 |
| g. rent to a
person other than an individual or a Hindu undivided
family |
20 |
2 |
22 |
| h. payment
in respect of deposit under National Savings Scheme, 1987 |
20 |
2 |
22 |
| i. payment
on account of repurchase of units by Mutual Fund or UTI [sec.
80CCB(2)] |
20 |
2 |
22 |
| j.
commission on sale of lottery tickets |
10 |
1 |
11 |
| k .payment
to a contractor (in the case of advertising contracts) |
1 |
0.1 |
1.1 |
| l. payment
to a contractor (other than an advertising contract)
|
2 |
0.2 |
2.2 |
| m. payment
to a sub-contractor |
1 |
0.1 |
1.1 |
| n. fees for
professional or technical services |
5 |
0.5 |
5.5 |
| o. payment
exceeding Rs. 1 lakh of compensation/consideration or enhanced
compensation/consideration on account of compulsory acquisition of
any capital asset (Applicable up to May 31, 2000) |
10 |
1 |
11 |
| p. any other
income |
20 |
2 |
22 |
| |
|
|
|
| C.
In the case of payment to a non-resident other than a company [see
Note 1] |
|
|
|
| a. income
from foreign exchange assets payable to an Indian citizen |
20 |
2 |
22 |
| b. income by
way of long-term capital gains referred to in section 115E
|
10 |
1 |
11 |
| c. 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 |
2 |
22 |
| d. rent to
an individual or a Hindu undivided family |
15 |
0 |
15 |
| e. rent to a
person other than an individual or a Hindu undivided
family |
20 |
0 |
20 |
| f. winnings
from lotteries and crossword puzzles |
40 |
4 |
44 |
| g. winnings
from horse races |
40 |
4 |
44 |
| h. payments
to non-resident sportsmen or sports association referred to in
section 115BBA |
10 |
0 |
10 |
| i. payments
in respect of National Savings Scheme, 1987 |
20 |
0 |
20 |
| j. payments
on account of repurchase of units by Mutual Fund/UTI [sec.
80CCB(2)] |
20 |
0 |
20 |
| k .income by
way of interest/dividends [not being dividends referred in section
115-O] payable in respect of bonds/shares referred to in section
115AC or by way of long-term capital gain arising from transfer of
such bonds |
10 |
0 |
10 |
| l.
commission on sale of lottery tickets |
10 |
0 |
10 |
| m. income in
respect of units referred to in section 115AD(1)(a) payable to
foreign Institutional Investor (other than capital gain) |
20 |
0 |
20 |
| n. income by
way of long-term capital gain |
20 |
2 |
22 |
| o. any other
income [see Note 2] |
30 |
3 |
33 |
| |
|
|
|
| D.
In the case of payments to a domestic company : |
|
|
|
| a. interest
other than interest on securities |
20 |
2 |
22 |
| b. winnings
from lotteries and crossword puzzles |
40 |
4 |
44 |
| c. winnings
from horse races |
40 |
4 |
44 |
| d.
commission on sale of lottery tickets |
10 |
1 |
11 |
| e. payments
to a contractor (in the case of advertising contracts) |
1 |
0.1 |
1.1 |
| f. payment
to a contractor (other than an advertising contract) |
2 |
0.2 |
2.2 |
| g. payments
to sub-contractor |
1 |
0.1 |
1.1 |
| h.
rent |
20 |
2 |
22 |
| i. fees for
professional or technical services |
5 |
0.5 |
5.5 |
| j. payment
exceeding Rs. 1 lakh of compensation/ consideration or enhanced
compensation/consideration on account of compulsory acquisition of
any capital asset (applicable upto May 31, 2000) |
10 |
1 |
11 |
| k. any other
income |
20 |
2 |
22 |
| |
|
|
|
| E.
In the case of payments to a non-domestic company [see Note 1]
|
|
|
|
| a. winnings
from lotteries and crossword puzzles |
40 |
0 |
40 |
| b. winnings
from horse races |
40 |
0 |
40 |
| c. interest
payable by Government or an Indian concern on money borrowed or debt
incurred in foreign currency |
20 |
0 |
20 |
| d. royalty
payable by Government or an Indian concern in pursuance of an
agreement made by it 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 license)
in respect of copyright in any book on a subject referred to in the
first proviso to sub-section (1A) of section 115A of the Indian
concern or in respect of computer software referred to in the second
proviso to section 115A(1A), to a person resident in
India— |
|
|
|
| * where the agreement is made before
June 1, 1997 |
30 |
0 |
30 |
| * where the agreement is made after May
31, 1997 |
20 |
0 |
20 |
| e. royalty
[not being royalty of the nature referred to in (d) supra] payable
by Government or an Indian concern in pursuance of an agreement made
by it 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- |
|
|
|
| where the
agreement is made after March 31, 1961 but before April 1,
1976 |
50 |
0 |
50 |
| where the
agreement is made after March 31, 1976 but before June 1,
1997 |
30 |
0 |
30 |
| where the
agreement is made after May 31, 1997 |
20 |
0 |
20 |
| f. fees for
technical services payable by Government or an Indian concern in
pursuance of an agreement made by it 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— |
|
|
|
| * where the
agreement is made after February 29, 1964 but before April
1976 |
50 |
0 |
50 |
| * where the
agreement is made after March 31, 1976 but before June 1,
1997 |
30 |
0 |
30 |
| *
where the agreement is made after May 31, 1997 |
20 |
0 |
20 |
| g.
rent |
20 |
0 |
20 |
| h. long-term
capital gains |
20 |
0 |
20 |
| i. payments
referred to in section 115BBA |
10 |
0 |
10 |
| j.
commission on sale of lottery tickets |
10 |
0 |
10 |
| k payments
to overseas financial corporation covered by section 115AB or by
long-term capital gains arising from transfer of such
units |
10 |
0 |
10 |
| l. income by
way of interest/dividend [not being dividend referred to in section
115-O] in respect of bonds/shares referred to in section 115AC or by
way of long-term capital gain arising from transfer of such
bonds |
10 |
0 |
10 |
| m. income
(other than capital gain) in respect of units referred to in
section115AD (1)(a) payable to Foreign Institutional
Investor |
20 |
0 |
20 |
| n. on any
other income |
48 |
0 |
48 |
