Rate of TDS
Rate of TDS
| Section | Nature of Payment | Threshold Limit of Payment | 01-04-2017 to 31-05-2017 | 01-06-2017 onwards | |||||
|---|---|---|---|---|---|---|---|---|---|
| 192 |
Income from Salary |
Senior Citizen (60 Years) |
Rs. 3,00,000 | Average rate of Tax + Education Cess (Surcharge if Salary > 50 Lacs) | Average rate of Tax + Education Cess (Surcharge if Salary > 50 Lacs) | ||||
|
Super Senior Citizen (80 Years) |
Rs. 5,00,000 | ||||||||
| Others | Rs. 2,50,000 | ||||||||
| 192A | Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%) | Rs. 50,000 | 10% | 10% | |||||
| 193 |
* Interest on Securities |
Rs. 5,000 | 10% | 10% | |||||
| 194A |
Interest from a Banking Company |
Rs. 10,000 per annum | 10% | 10% | |||||
| 194A |
Interest other than from a Banking Company |
Rs. 5,000 per annum | 10% | 10% | |||||
| 194B |
Winning from Lotteries & Cross Word Puzzles |
Rs. 10,000 per annum | 30% | 30% | |||||
| 194C |
Transporters with valid PAN & to whom 44AE applicable |
– | 0% | 0% | |||||
| 194C | Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters) | Rs.30,000 per contract (or) Rs. 1,00,000 per annum | Individual/HUF 1% Others 2% | Individual/HUF 1% Others 2% | |||||
| 194D | Insurance Commision | Rs. 15,000 | Resident:5% Domestic Company:10% | Resident:5% Domestic Company:10% | |||||
| 194DA |
Payment under life insurance policy (including Bonus) |
Rs.99,999 per annum | 1% | 1% | |||||
| 194E |
Non-resident Sportman or Sports Association |
– |
20% | 20% | |||||
| 194EE |
Out of deposit under NSS |
Rs.2,499 |
|
|
|||||
| 194G |
Commission on Sale of Lottery Tickets |
Rs. 15,000 | 5% | 5% | |||||
| 194H | **Commission/Brokerage | Rs. 15,000 per annum | 5% | 5% | |||||
| 194-I | **Rent on Plant / Machinery | Rs. 1,80,000 per annum | 2% | 2% | |||||
| 194-I |
**Land or building or furniture or fitting |
Rs. 1,80,000 per annum | 10% | 10% | |||||
| 194-IA | Payment or transfer of Non -agricultural immovable property | Rs. 50,00,000 & above | 1% | 1% | |||||
| 194-IB | Rent payable by an individual or HUF not covered u/s. 194I | Rs.50,000 per month | – | 5% | |||||
| 194J | Fees for Professional / Technical Services | Rs. 30,000 per annum | 10% |
|
|||||
| 194LA | Compulsory Acquisition of immovable Property | Rs. 2,50,000 | 10% | 10% | |||||
* Only for Debenture in which the public are substantially interested ** Other than Individual or HUF except those covered u/s 44ABTCS Rates |
|||||||||
| 206C |
Scrap |
– |
1.00% | 1.00% | |||||
| 206C |
Tendu Leaves |
– |
5.00% | 5.00% | |||||
| 206C | Timber obtained under a forest lease or other mode |
– |
2.50% | 2.50% | |||||
| 206C | Any other forest produce not being a Timber or tendu leave |
– |
2.50% | 2.50% | |||||
| 206C |
Alcoholic Liquor for Human Consumption |
– |
1.00% | 1.00% | |||||
| 206C | Packing lot, toll plaza, mining & quarrying |
– |
2.00% | 2.00% | |||||
| 206C | Purchase of coal lignite, Iron ore by a trader | – | 1.00% | 1.00% | |||||
| 206C | Sale Value of Motor vehicle whether in cheque or in any other mode of receipt | Exceeding Rs. 10 Lakhs per transaction | 1.00% | 1.00% | |||||
Notes
1. Surcharges & Education Cess| Type of Payment | Surcharge | Rate | Education Cess (3.00%) |
|---|---|---|---|
| Salary (Resident & Non- resident) | Upto 50 Lacs | Nil | Yes |
| 50 Lacs to 1 Crore | 10% | ||
| Salary (Resident & Non- resident) | > 1 Crore | 15% | Yes |
| Other Payments to Residents | No | Nil | No |
| Other Payments to Non-Residents | |||
| Payment to Non-Residents (other than Cos) | Upto 1cr | Nil | Yes |
| > 1 Crore | 10% | ||
| 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 | Rate per month or part of the month |
|---|---|
|
From date when deductible till actual deduction |
1.00% |
|
From date of deduction till payment |
1.50% |
