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 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%

Interest on delay in deposit of tax after deduction

Stage of deduction Upto 30th June 2010 (Rate per month 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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Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
13 Jul 24 Quarterly return of Outward Supplies for Apr-Jun (QRMP)
13 Jul 24 Monthly Return by Non-resident taxable person for June.
13 Jul 24 Monthly Return of Input Service Distributor for June.
15 Jul 24 E-Payment of PF for June.
15 Jul 24 Payment of ESI for June
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