TDS RATE CHART FY 2014-15
|
Nature of Payment Made To Residents |
Threshold (Rs.) |
Company / Firm / Co-operative Society / Local Authority |
Individual / HUF |
If No / Invalid PAN |
|
Section - Description |
Rate (%) |
Rate (%) |
Rate (%) |
|
|
192 - Salaries |
- |
NA |
Average rates as applicable |
30 |
|
193 - Interest on securities |
- |
10 |
10 |
20 |
|
194 - Dividends |
- |
10 |
10 |
20 |
|
194A - Interest other than interest on securities - Others |
5000 |
10 |
10 |
20 |
|
194A - Banks |
10000 |
10 |
10 |
20 |
|
194B - Winning from Lotteries |
10000 |
30 |
30 |
30 |
|
194BB - Winnings from Horse Race |
5000 |
30 |
30 |
30 |
|
194 C - Payment to Contractors |
- |
- |
- |
- |
|
- Payment to Contractor - Single Transaction |
30000 |
2 |
1 |
20 |
|
- Payment to Contractor - Aggregate During the F.Y. |
75000 |
2 |
1 |
20 |
|
- Contract - Transporter who has provided valid PAN |
- |
- |
- |
20 |
|
194D - Insurance Commission |
20000 |
10 |
10 |
20 |
|
194E - Payment to Non-Resident Sportsmen or Sports Association |
- |
- |
- |
- |
|
- Applicable up to June 30, 2012 |
- |
10 |
10 |
20 |
|
- Applicable from July 1, 2012 |
- |
20 |
20 |
20 |
|
194EE - Payments out of deposits under NSS |
2500 |
20 |
- |
20 |
|
194F - Repurchase Units by MFs |
1000 |
20 |
20 |
20 |
|
194G - Commission - Lottery |
1000 |
10 |
10 |
20 |
|
194H - Commission / Brokerage |
5000 |
10 |
10 |
20 |
|
194I - Rent - Land and Building |
180000 |
10 |
10 |
20 |
|
194I - Rent - Plant / Machinery |
180000 |
2 |
2 |
20 |
|
194J - Professional Fees |
30000 |
10 |
10 |
20 |
|
194LA - Immovable Property |
100000 |
10 |
10 |
20 |
|
194LB - Income by way of interest from infrastructure debt fund (non-resident) |
- |
5 |
5 |
20 |
|
Sec 194 LC - Income by way of interest by an Indian specified company to a non-resident / foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India (applicable from July 1, 2012) |
- |
5 |
5 |
20 |
|
195 - Other Sums |
- |
Average rates as applicable |
- |
30 |
|
196B - Income from units |
10 |
10 |
20 |
|
|
196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend) |
- |
10 |
10 |
20 |
|
196D - Income of FIIs from securities |
20 |
20 |
20 |
20 |
- Yearly Limit u/s 194C:Also where the aggregate of the amounts paid/credited or likely to be paid/credited to Contactor or Sub-contractor exceeds Rs.75,000 during the financial year, TDS has to be made u/s 194C.
- TDS at higher rate ie., 20% has to be made if the deductee does not provide PAN to the deductor.
- No TDS on Goods Transport :No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages on furnishing of his Permanent Account Number, to the person paying or crediting such sum.(read details here No TDS on Goods Transport )
-
Surcharge on Income-tax is not deductible/collectible at source in case of individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.
- No Cess on payment made to resident:Education Cess is not deductible/collectible at source in case of resident Individual/HUF/Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary.Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.
TCS (tax collection at source rates FY 2012-13)
|
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
|
Parking lot
|
2
|
|
8
|
Toll plaza
|
2
|
|
9
|
Mining & Quarrying
|
2
|
|
10
|
Minerals, being coal or lignite or iron ore
|
1 wef 01.07.2012
|
|
11
|
Bullion or jewellery (if the sale consideration is paid in cash exceeding INR 5 lakhs in jewellery and two lakh in case of Bullion)
|
1 wef 01.07.2012
|
