TDS Rates

A. TDS Rate Chart w.e.f.  01/06/2016 on Payments other than Salary and Wages

Income Tax Act Section Nature of Payment or Credit Cut off Amount Rate %Individual/
HUF
Rate % Others
Section 192 TDS on Salary

Resident individual

 Rs. 2,50,000

 

 Monthly Average Rate  

NA

Section 192A Payment of accumulated balance due of Employees’ Provident Fund Scheme, 1952, to Employees Rs. 50,000/- 10% NA
Section 193 Interest on securities At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 5,000/- 10% NA
Section 194 Deemed Dividend u/s 2(22)(e) Rs. 2500 20%  
Section 194A TDS on interest other than on Securities (By Bank) Rs. 10,000 10% 10%
Section 194A TDS on interest other than Securities (By Others) Rs. 5,000 10% 10%
Section 194B TDS on Winning from Lottery/Cross word Puzzle Rs. 5,000 30% 30%
Section 194BB TDS on Winning from Horse Race Rs. 10,000 30% 30%
Section 194C TDS on Contract/ Sub-contractors/ Advertisement Contracts, Single Payment Rs. 30,000 1% 2%
Aggregate Payment in F.Y  Rs. 1,00,000 1% 2%
Section 194D TDS on Insurance Commission Rs. 15,000 10% 10%
Section 194DA Payment under life insurance policy (including Bonus) Rs. 1,00,000 1%  
 Section 194G  Commission on Lottery Tickets  Rs. 15,000  5%  
Section 194H TDS on commission or brokerage other than insurance Commission Rs. 15,000 5% 5%
Section 194I TDS on Rent -Land and Building, Furniture and Fixtures 1,80,000 10% 10%
Section 194I TDS on Rent -Plant and Machinery, Equipments Rs. 1,80,000 2% 2%
Section 194IA TDS on Transfer of Immovable Property Rs. 50,00,000 1% 1%
Section 194J TDS on Professional, Technical Charges, Royalty, Non Compete Fees Rs. 30,000 10% 10%
 194LA  Payment of Compensation of acquisition of immovable property  Rs. 2,50,000  10%  10%

B. The Tax Collection at Source Rates :

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

Minerals, being coal or lignite or iron ore

1

8

Parking lot, Toll plaza, Mining & Quarrying

2

9

Bullion or jewellery (if the sale consideration is paid in cash  exceeding INR 2 lakhs) or w.e.f. 01/06/2016 any other goods or services (if consideration is received in cash exceeding INR 2 lakhs)

1

10

Motor Vehicles (if consideration is received in cash exceeding INR 10 lakh)

1

 

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