TDS RATES AS PER DIRECT TAX CODE BILL APPLICABLE WEF 01.04.2012

Sr. No.	Nature of Payment	Rates of TDS where deductee is a resident
		The present rates	Proposed rates under the Code
1	Salary paid to employees	Rates as per the slabs and rates prescribed by the Finance Act	Average rate of tax on salary paid during the financial year
2	Payment in respect of works contract	1% (where deductee is individual/HUF)	2%
		2% (where deductee is person other than individual/HUF)
3	Payment in respect of any service contract	__	2%
4	Payment in respect of broadcasting and telecasting/advertising	1% (where deductee is individual/HUF)	2%
		2% (where deductee is person other than individual/HUF)
5	Supply of labour for carrying out any works, or service contract	1% (where deductee is individual/HUF)	2%
		2% (where deductee is person other than individual/HUF)
6	Payment in respect of carriage of goods and passengers by any mode of transport other than railways	1% (where deductee is individual/HUF)	2% (No deduction of TDS in case of carriage of goods by road if deductee furnishes PAN)
		2% (where deductee is person other than individual/HUF)
7	Interest	10%	10%
8	Dividend other than dividend on which DDT is payable	10%	10%
9	Commission, brokerage, remuneration or prize (by whatever name called) for rendering any services	10%	10%
10	Fees for professional or technical services	10%	10%
11	Payment for royalty or non-compete fees	10%	10%
12	Compensation on compulsory acquisition of immovable property other than agricultural land	10%	10%
13	Rent for the use of machinery or plant or equipment	2%	2%
14	Rent for use of land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings	10%	10%
15	Winning from any lottery or crossword puzzle or card game or other game of any sort	30%	30%
16	Winnings from any horse race	30%	30%
17	Income distributed by mutual fund on which income distribution tax is not paid	Not applicable in present law	10% (where deductee is individual/HUF)
			20% (where deductee is person other than individual/ HUF)
18	Payment by a life-insurer where payment under life policy is not tax-exempt	Not applicable in present law	10% (where deductee is individual/HUF)
			20% (where deductee is person other than Individual/HUF