|
Nature of payment
|
IT
|
SC
|
Total
|
| 1. Salary
to an employee [section 192] |
Regular Rates |
| 2. In the
case of payment to a resident other than a company: |
. |
. |
. |
|
a. interest other than interest
on securities |
10 |
0.50 |
10.50 |
|
b. dividend |
10 |
0.50 |
10.50 |
|
c. winnings from lotteries,
crossword puzzles, card games and any other game |
30 |
1.50 |
31.50 |
|
d. winnings from horse races |
30 |
1.50 |
31.50 |
|
e. insurance commission |
10 |
0.50 |
10.50 |
|
f. 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 |
0.50 |
10.50 |
|
g. rent to an individual or a Hindu
undivided family |
15 |
0.75 |
15.75 |
|
h. rent to a person other
than an individual or a Hindu undivided family |
20 |
1.00 |
21.00 |
|
i. payment in respect of deposit
under National Savings Scheme, 1987 |
20 |
1.00 |
21.00 |
|
j. payment on account of repurchase
of units by Mutual Fund or UTI [sec.80CCB(2)] |
20 |
1.00 |
21.00 |
|
k. commission on sale of lottery
tickets |
10 |
0.50 |
10.50 |
|
l. payment to a contractor
(in the case of advertising contracts) |
1 |
0.05 |
1.05 |
|
m. payment to a contractor
(other than an advertising contract) |
2 |
0.10 |
2.10 |
|
n. payment to a sub-contractor |
1 |
0.05 |
1.05 |
|
o. commission or brokerage (up to
May 31, 2002: 10 per cent plus surcharge) |
5 |
0.25 |
5.25 |
|
p. fees for professional or
technical services |
5 |
0.25 |
5.25 |
|
q. income in respect of units
of UTI/Mutual Fund (applicable from June 1, 2002) |
10 |
0.50 |
10.50 |
|
r. any other income |
20 |
1.00 |
21.00 |
| 3. In the
case of payment to a non-resident other than a company [see
Note below] |
. |
. |
. |
|
a. income from foreign exchange
assets payable to an Indian citizen |
20 |
1.00 |
21.00 |
|
b. income by way of long-term
capital gains referred to in section 115E |
10 |
0.50 |
10.50 |
|
c. other long-term capital
gains |
20 |
1.00 |
21.00 |
|
d. 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 |
1.00 |
21.00 |
|
e. rent to an individual or
a Hindu undivided family |
15 |
0.75 |
15.75 |
|
f. rent to a person other
than an individual or a Hindu undivided family |
20 |
1.00 |
21.00 |
|
g. winnings from lotteries, crossword
puzzles, card games and any other game |
30 |
1.50 |
31.50 |
|
k winnings from horse races |
30 |
1.50 |
31.50 |
|
i. payments to non-resident sportsmen
or sports association referred to in section 115BBA |
10 |
0.50 |
10.50 |
|
j. payments in respect of National
Savings Scheme, 1987 |
20 |
1.00 |
21.00 |
|
k. payments on account of
repurchase of units by Mutual Fund/UTI [sec. 80CCB(2)] |
20 |
1.00 |
21.00 |
|
l. income by way of interest/
dividends 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 |
0.50 |
10.50 |
|
m. commission on sale of lottery
tickets |
10 |
0.50 |
10.50 |
|
n. income in respect of units
referred to in section 115AD(I)(a) payable to foreign
Institutional Investor (other than capital gain) |
20 |
1.00 |
21.00 |
|
o. income payable in respect of units
of UTI or Mutual Fund (applicable from June 1, 2002) |
20 |
1.00 |
21.00 |
|
p. any other income |
30 |
1.50 |
31.50 |
|
|
|
|
|
| 4. In the case of payments
to a domestic company: |
|
a. interest other than interest
on securities |
20 |
1.00 |
21.00 |
|
b. dividend |
10 |
0.50 |
10.50 |
|
c. winnings from lotteries, crossword
puzzles, card game and any other game |
30 |
1.50 |
31.50 |
|
d. winnings from horse races |
30 |
1.50 |
31.50 |
|
e. commission on sale of lottery
tickets |
10 |
0.50 |
10.50 |
|
f. payments to a contractor
(in the case of advertising contracts) |
1 |
0.05 |
1.05 |
|
g. payment to a contractor (other
than an advertising contract) |
2 |
0.10 |
2.10 |
|
h. payments to sub-contractor |
1 |
0.05 |
1.05 |
|
i. commission or brokerage
(up to May 31, 2002: 10 per cent plus surcharge) |
5 |
0.25 |
5.25 |
|
j. rent |
20 |
1.00 |
21.00 |
|
k. fees for professional or
technical services |
5 |
0.25 |
5.25 |
|
l. income in respect of units
of UTI/ Mutual Fund (applicable from June 1, 2002) |
10 |
0.50 |
10.50 |
|
m. any other income |
20 |
1.00 |
21.00 |
| 5. In the
case of payments to a non-domestic company [see Note below] |
. |
. |
. |
|
a. winnings from lotteries,
crossword puzzles, card games and any other game |
30 |
1.50 |
31.50 |
|
b. winnings from horse races |
30 |
1.50 |
31.50 |
|
c. interest payable by Government
or an Indian concern on money bor rowed or debt incurred in
foreign currency |
20 |
1.00 |
21.00 |
|
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 licence) in respect
of copyright in any book on a subject referred to in the first
proviso to sub-section (1A) of section 115A to 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 |
1.50 |
31.50 |
|
where the agreement
is made after May 31, 1997 |
20 |
1.00 |
21.00 |
|
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 |
2.50 |
52.50 |
|
where the agreement
is made after March 31, 1976 but before June 1, 1997 |
30 |
1.50 |
31.50 |
|
where the agreement
is made after May 31, 1997 |
20 |
1.00 |
21.00 |
|
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 |
2.50 |
52.50 |
|
where the agreement
is made after March 31, 1976 but before June 1, 1997 |
30 |
1.50 |
31.50 |
|
where the agreement
is made after May 31, 1997 |
20 |
1.00 |
21.00 |
|
g. rent |
20 |
1.00 |
21.00 |
|
h. long-term capital gains |
20 |
1.00 |
21.00 |
|
i. payments referred to in
section 115BBA |
10 |
0.50 |
10.50 |
|
j. commission on sale of lottery
tickets |
10 |
0.50 |
10.50 |
|
k. income payable in respect
of units of UTI or Mutual Fund (applicable from June 1, 2002) |
20 |
1.00 |
21.00 |
|
I. payments to overseas financial
corporation covered by section 115AB or by long-term capital
gains arising from transfer of such units |
10 |
0.50 |
10.50 |
|
m. income by way of interest
dividend 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 |
0.50 |
10.50 |
|
n. income (other than capital gain)
in respect of units referred to in section 115AD(1)(a) payable
to Foreign lnstitutional Investor |
20 |
1.00 |
21.00 |
|
o. on any other income |
40 |
2.00 |
42.00 |
