Tds and TCS Rates for financial year 2011-12 and assessment year 2012-13,TCS Rates for the FY 2011-12,Due Date of Furnishing TDS Returns,Due dates for issuing TDS certificates to the Employees or deductees or payees are also revised as under

TDS Rates for financial year 2011-12 and assessment year 2012-13

The Rate Chart for the Financial Year 2011-12 i.e. Assessment Year 2012-13 is tabulated below. TDS Rates for the Financial Year 2010-11 is also same.
TDS RATE CHART FINANCIAL YEAR 2011-12 (ASSESSMENT YEAR 12-13)

Sl. No.	Section Of Act	Nature of Payment in brief	Cut Off Amount		Rate %
			30.06.2010	01.07.2010	HUF/IND	Others
1	192	Salaries	Salary income must be more then exemption limit after deductions.		Average Rate
2	193	Interest on Securities	-	-	10	10
3	194	Deemed dividend	-	-	10	10
4	194A	Interest other than Int on securities (by Bank)	10000	10000	10	10
4A	194A	Interest other than Int. on securities (By others)	5000	5000	10	10
5	194B	Lottery / Cross Word Puzzle	5000	10000	30	30
6	194BB	Winnings from Horse Race	2500	5000	30	30
7	194C(1)	Contracts	20000	30000	1	2
8	194C(2)	Sub-contracts/ Advertisements	20000	30000	1	2
9	194D	Insurance Commission	5000	20000	10	10
10	194EE	Payments out of deposits under NSS	2500	2500	20	-
11	194F	Repurchase of units by MF/UTI	1000	1000	20	20
12	194G	Commission on sale of lottery tickets	1000	1000	10	10
13	194H	Commission or Brokerage	2500	5000	10	10
14	194I	Rent (Land & building)	120000	180000	10	10
		Rent (P & M , Equipment, furniture & fittings)	120000	180000	2	2
15	194J	Professional/Technical charges/Royalty & Non-compete fees	20000	30000	10	10
16	194LA	Compensation on acquisition of immovable property	100000	100000	10	10

TCS Rates for the FY 2011-12

The Tax Collection at Source Rates for the Financial Year 2011-12 is tabulated below:

Sl.No.	Nature of Goods	Rates in %
1.	Alcoholic liquor for human Consumption	1
2.	Tendu leaves	5
3.	Timber obtained under forest lease	2.5
4.	Timber obtained by any mode other than a forest lease	2.5
5.	Any other forest produce not being timber or tendu leaves	2.5
6.	Scrap	1
7.	Parking lot	2
8.	Toll plaza	2
9.	Mining & Quarrying	2

No Education Cess on payment made to resident-Education Cess is not deductible/collectible at source in case of resident Individual/HUF /Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary. Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.

Surcharge on Income-tax - Surcharge on Income-tax is not deductible/collectible at source in case of individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.

Due Date of Furnishing TDS Returns

Due Date for furnishing TDS return for the last quarter of the financial year has been modified to 15^th May (from earlier 15^th June). The revised due dates for furnishing TDS return are

Sr. No.	Date of ending of the quarter of the Financial Year	Due Dates
1.	30th June	15th July of the Financial Year
2.	30th September	15th October of the Financial Year
3.	31st December	15th January of the Financial year
4.	31st March	15the May of the Financial Yearimmediately following the Financial Year in which deduction is made

Due dates for issuing TDS certificates to the Employees or deductees or payees are also revised as under:-

Sr. No.	Category	Periodicity of Furnishing TDS Certificate	Due Dates
1.	Salary (Form 16)	Annual	By 31st day of May of theFinancial Yearimmediately following thefinancial year in which the income was paid and tax deducted.
2.	Non Salary (Form 16A)	Quarterly	With in 15 (Fifteen days) from the due date for furnishing the etds/tcs Statement.