Changes in TDS rate for other section such as 192, 194A etc.

Apart from TDS rates under sections 194C and 194-I
as discussed in other blogs, the following changes have been made in
the rates of TDS –

1. TDS from salary - Exemption limit has been revised.
    Consequently, the tax deductible from salary under section
    192 will be governed by enhanced exemption limit with
    effect from April 1, 2009. The general basic exemption
    limit is proposed to be increased from Rs.1,50,000 to
    Rs.1,60,000. For women assessees, the limit would go
    up from Rs.1,80,000 to Rs.1,90,000 and for senior
    citizens, from Rs.2,25,000 to Rs.2,40,000.

2. TDS under section 193 - Tax will be deducted under section
    193 at the rate of 10 per cent in all cases whether the
    debentures are quoted or unquoted. This will be applicable
    from April 1, 2009.

3. TDS under section 194 -Deemed dividend under section
    2(22)(e) will be subject to 10 per cent TDS with effect from
    April 1, 2009.

4. TDS under section 194A or 194D - Tax will be deducted at
    the rate of 10 per cent even if recipient is a corporate
    assessee. This will be applicable from April 1, 2009.