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Rates of TDS

Sr. No. Section Nature of Payment Threshold Limit
of Payment
01-04- 2017 to
31-05- 2017
01-06- 2017 onwards
1 192

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
2 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%
3 193

* Interest on Securities

Rs. 5,000

10% 10%
4 194A

Interest from a Banking
Company

Rs. 10,000 per annum

10% 10%
5 194A

Interest other than
from a Banking Co.

Rs. 5,000 per annum

10% 10%
6 194B

Winning from Lotteries &
Cross Word Puzzles

Rs. 10,000 per annum

30% 30%
7 194C

Transporters with valid PAN &
to whom 44AE applicable

-

0% 0%
8 194C

Payment to Contractors;
Sub-contractor; Advertising Contractors

Rs.30,000 per contract
(or)

Individual/HUF
1% Others 2%
Individual/HUF
1% Others 2%

Rs. 1,00,000 per annum

9 194D

Insurance Commision

Rs. 15,000

Resident:5%
Domestic
Company:10%
Resident:5%
Domestic
Company:10%
10 194DA

Payment under life insurance policy
(including Bonus)

Rs.99,999 per annum

1% 1%
11 194E

Non-resident Sportsman
or Sports Association

- 20% 20%
12 194EE

Out of deposit under
NSS

Rs.2,499 Individual or HUF 10%
Other NA
Individual or HUF 10%
Other NA
13 194G

Commission on Sale
of Lottery Tickets

Rs. 15,000

5% 5%
14 194H

**Commission/Brokerage

Rs. 15,000 per annum

5% 5%
15 194-I

**Rent on Plant /
Machinery

Rs. 1,80,000 per annum 2% 2%
16 194-I

**Land or building or
furniture or fitting

Rs. 1,80,000 per annum 10% 10%
17 194-IA

Payment or transfer of Non -agricultural
immovable property

Rs. 50,00,000 & above 1% 1%
18 194-IB

Rent payable by an individual or
HUF not covered u/s. 194I

Rs.50,000 per month - 5%
19 194J

Fees for Professional
/ Technical Services

Rs. 30,000 per annum

10% 2% (For Call Centre) 10% (For Others)
20 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 44AB

TCS Rates

21 206C

Scrap

1.00% 1.00%
22 206C

Tendu Leaves

5.00% 5.00%
23 206C

Timber obtained
under a forest lease or other mode

2.50% 2.50%
24 206C

Any other forest
produce not being a Timber or tendu leave

2.50% 2.50%
25 206C

Alcoholic Liquor
for Human Consumption

1.00% 1.00%
26 206C

Packing lot, toll
plaza, mining & quarrying

2.00% 2.00%
27 206C

Purchase of coal lignite,
Iron ore by a trader

1.00% 1.00%
28 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%

Note:-

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) > 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%

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