What Is TDS?

What are the TDS rate? what are Changes made in Tds?

Plz give me the TDS rate of Financial Year of 2007-2008 ? And also state me the change made For TDS. It is very important and urgent Please anybody Update me as soon as possible.
Answer:

TDS Rate Chart for AY 2007-2008 Interest on Securities IT SC IT+Sur EC NET Company <= 1 crore 20 0 20 3 20.6 Company > 1 crore 20 10 22 3 22.66 Firm <= 1 crore 10 0 10 3 10.3 Firm > 1 crore 10 10 11 3 11.33 Individual /HUF <= 10 lacs 10 0 10 3 10.3 Individual /HUF>10 lacs 10 10 11 3 11.33 Co-Operative Societies 10 0 10 3 10.3 Local Authority 10 0 10 3 10.3 Interest other than Interest on Securities Threshold Limit - Rs. 5000. (For Banking Company - Rs. 10000 w.e.f. 01/06/2007) IT SC IT+Sur EC NET Company <= 1 crore 20 0 20 3 20.6 Company > 1 crore 20 10 22 3 22.66 Firm <= 1 crore 10 0 10 3 10.3 Firm > 1 crore 10 10 11 3 11.33 Individual /HUF <= 10 lacs 10 0 10 3 10.3 Individual /HUF>10 lacs 10 10 11 3 11.33 Co-Operative Societies 10 0 10 3 10.3 Local Authority 10 0 10 3 10.3 Payment to Contractors Threshold Limit - Rs. 20000 IT SC IT+Sur EC NET Company <= 1 crore 2 0 2 3 2.06 Company > 1 crore 2 10 2.2 3 2.266 Firm <= 1 crore 2 0 2 3 2.06 Firm > 1 crore 2 10 2.2 3 2.266 Individual /HUF <= 10 lacs 2 0 2 3 2.06 Individual /HUF>10 lacs 2 10 2.2 3 2.266 Co-Operative Societies 2 0 2 3 2.06 Local Authority 2 0 2 3 2.06 Payment to Sub-Contract/Adv Contract Threshold Limit - Rs. 20000 IT SC IT+Sur EC NET Company <= 1 crore 1 0 1 3 1.03 Company > 1 crore 1 10 1.1 3 1.133 Firm <= 1 crore 1 0 1 3 1.03 Firm > 1 crore 1 10 1.1 3 1.133 Individual /HUF <= 10 lacs 1 0 1 3 1.03 Individual /HUF>10 lacs 1 10 1.1 3 1.133 Co-Operative Societies 1 0 1 3 1.03 Local Authority 1 0 1 3 1.03 Rent on Plant / Machinery Threshold Limit - Rs. 120000 IT SC IT+Sur EC NET Company <= 1 crore 10 0 10 3 10.3 Company > 1 crore 10 10 11 3 11.33 Firm <= 1 crore 10 0 10 3 10.3 Firm > 1 crore 10 10 11 3 11.33 Individual /HUF <= 10 lacs 10 0 10 3 10.3 Individual /HUF>10 lacs 10 10 11 3 11.33 Co-Operative Societies 10 0 10 3 10.3 Local Authority 10 0 10 3 10.3 Rent Threshold Limit - Rs. 120000 IT SC IT+Sur EC NET Company <= 1 crore 20 0 20 3 20.6 Company > 1 crore 20 10 22 3 22.66 Firm <= 1 crore 20 0 20 3 20.6 Firm > 1 crore 20 10 22 3 22.66 Individual /HUF <= 10 lacs 15 0 15 3 15.45 Individual /HUF>10 lacs 15 10 16.5 3 16.995 Co-Operative Societies 20 0 20 3 20.6 Local Authority 20 0 20 3 20.6 Fees for Professional / Technical Services upto 31/05/2007 Threshold Limit - Rs. 20000 IT SC IT+Sur EC NET Company <= 1 crore 5 0 5 3 5.15 Company > 1 crore 5 10 5.5 3 5.665 Firm <= 1 crore 5 0 5 3 5.15 Firm > 1 crore 5 10 5.5 3 5.665 Individual /HUF <= 10 lacs 5 0 5 3 5.15 Individual /HUF>10 lacs 5 10 5.5 3 5.665 Co-Operative Societies 5 0 5 3 5.15 Local Authority 5 0 5 3 5.15 Fees for Professional / Technical Services after 01/06/2007 Threshold Limit - Rs. 20000 IT SC IT+Sur EC NET Company <= 1 crore 10 0 10 3 10.3 Company > 1 crore 10 10 11 3 11.33 Firm <= 1 crore 10 0 10 3 10.3 Firm > 1 crore 10 10 11 3 11.33 Individual /HUF <= 10 lacs 10 0 10 3 10.3 Individual /HUF>10 lacs 10 10 11 3 11.33 Co-Operative Societies 10 0 10 3 10.3 Local Authority 10 0 10 3 10.3 Winning from Lotteries & Puzzles IT SC IT+Sur EC NET Company <= 1 crore 30 0 30 3 30.9 Company > 1 crore 30 10 33 3 33.99 Firm <= 1 crore 30 0 30 3 30.9 Firm > 1 crore 30 10 33 3 33.99 Individual /HUF <= 10 lacs 30 0 30 3 30.9 Individual /HUF>10 lacs 30 10 33 3 33.99 Co-Operative Societies 30 0 30 3 30.9 Local Authority 30 0 30 3 30.9 Winning from Horse Races IT SC IT+Sur EC NET Company <= 1 crore 30 0 30 3 30.9 Company > 1 crore 30 10 33 3 33.99 Firm <= 1 crore 30 0 30 3 30.9 Firm > 1 crore 30 10 33 3 33.99 Individual /HUF <= 10 lacs 30 0 30 3 30.9 Individual /HUF>10 lacs 30 10 33 3 33.99 Co-Operative Societies 30 0 30 3 30.9 Local Authority 30 0 30 3 30.9 Insurance Commission IT SC IT+Sur EC NET Company <= 1 crore 20 0 20 3 20.6 Company > 1 crore 20 10 22 3 22.66 Firm <= 1 crore 10 0 10 3 10.3 Firm > 1 crore 10 10 11 3 11.33 Individual /HUF <= 10 lacs 10 0 10 3 10.3 Individual /HUF>10 lacs 10 10 11 3 11.33 Co-Operative Societies 10 0 10 3 10.3 Local Authority 10 0 10 3 10.3 Non-resident Sportsman or Sports Association IT SC IT+Sur EC NET Company <= 1 crore 0 0 0 3 0 Company > 1 crore 0 0 0 3 0 Firm <= 1 crore 10 0 10 3 10.3 Firm > 1 crore 10 10 11 3 11.33 Individual /HUF <= 10 lacs 10 0 10 3 10.3 Individual /HUF>10 lacs 10 10 11 3 11.33 Co-Operative Societies 10 0 10 3 10.3 Local Authority 10 0 10 3 10.3 Commision on Sale of Lottery Tickets IT SC IT+Sur EC NET Company <= 1 crore 10 0 10 3 10.3 Company > 1 crore 10 10 11 3 11.33 Firm <= 1 crore 10 0 10 3 10.3 Firm > 1 crore 10 10 11 3 11.33 Individual /HUF <= 10 lacs 10 0 10 3 10.3 Individual /HUF>10 lacs 10 10 11 3 11.33 Co-Operative Societies 10 0 10 3 10.3 Local Authority 10 0 10 3 10.3 Commision/Brokerage upto 31/05/2007 Threshold Limit - Rs. 2500 IT SC IT+Sur EC NET Company <= 1 crore 5 0 5 3 5.15 Company > 1 crore 5 10 5.5 3 5.665 Firm <= 1 crore 5 0 5 3 5.15 Firm > 1 crore 5 10 5.5 3 5.665 Individual /HUF <= 10 lacs 5 0 5 3 5.15 Individual /HUF>10 lacs 5 10 5.5 3 5.665 Co-Operative Societies 5 0 5 3 5.15 Local Authority 5 0 5 3 5.15 Commision/Brokerage after 01/06/2007 Threshold Limit - Rs. 2500 IT SC IT+Sur EC NET Company <= 1 crore 10 0 10 3 10.3 Company > 1 crore 10 10 11 3 11.33 Firm <= 1 crore 10 0 10 3 10.3 Firm > 1 crore 10 10 11 3 11.33 Individual /HUF <= 10 lacs 10 0 10 3 10.3 Individual /HUF>10 lacs 10 10 11 3 11.33 Co-Operative Societies 10 0 10 3 10.3 Local Authority 10 0 10 3 10.3 TCS : Scrap IT SC IT+Sur EC NET Company <= 1 crore 1 0 1 3 1.03 Company > 1 crore 1 10 1.1 3 1.133 Firm <= 1 crore 1 0 1 3 1.03 Firm > 1 crore 1 10 1.1 3 1.133 Individual /HUF <= 10 lacs 1 0 1 3 1.03 Individual /HUF>10 lacs 1 10 1.1 3 1.133 Co-Operative Societies 1 0 1 3 1.03 Local Authority 1 0 1 3 1.03 TCS : Alcoholic Liquor for Human Consumption IT SC IT+Sur EC NET Company <= 1 crore 1 0 1 3 1.03 Company > 1 crore 1 10 1.1 3 1.133 Firm <= 1 crore 1 0 1 3 1.03 Firm > 1 crore 1 10 1.1 3 1.133 Individual /HUF <= 10 lacs 1 0 1 3 1.03 Individual /HUF>10 lacs 1 10 1.1 3 1.133 Co-Operative Societies 1 0 1 3 1.03 Local Authority 1 0 1 3 1.03 Sensys Technologies Pvt. 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