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TDS Rates

 

TDS Rates chart as applicable for the Financial year 2014-15 and 2015-16.

Section For Payment of Amount upto which tds not deductible Individual
/HUF
Others
192 Salary N/a See here N/a
193 Interest on Debentures Rs. 5000/- 10% 10%
194 Deemed Dividend N/a 10% 10%
194 A Interest other than on securities Rs. 10000/- for banks and 5000 for others 10% 10%
194 B Winnings from Lotteries / Puzzle / Game Rs. 10000/- 30% 30%
194 BB Winnings from Horse Race Rs. 5000/- 30% 30%
194C Payment to Contractor/Sub-contractor Rs. 30000/- for single paymentRs. 75000/- for aggregate
payment during Financial Year
1% 2%
194 D Payment of Insurance Commission Rs. 20000/- 10% 10%
194 EE Payment of NSS Deposits Rs. 2500/- 20% NA
194 F Repurchase of units by Mutual Funds / UTI Rs. 1000/- 20% 20%
194 G Commission on Sale of Lottery tickets Rs. 1000/- 10% 10%
194 H Commission or Brokerage Rs. 5000/- 10% 10%
194 I Rent of Land, Building or Furniture Rs. 180000/- 10% 10%
Rent of Plant & Machinery Rs. 180000/- 2% 2%
194 IA Transfer of Immovable Property (w.e.f. 01.06.2013) Rs. 50 lacs 1% 1%
194 J Professional / technical services, royalty Rs. 30000/- 10% 10%
194 J (1) Remuneration / commission to director of the company 10% 10%
194 J (ba) Any remuneration / fees / commission paid to a director of a company, other than those on which tax is deductible u/s 192. 10% 10%
194 L Compensation on acquisition of Capital Asset Rs. 100000/- 10% 10%
194 LA Compensation on acquisition of certain immovable property Rs. 200000/- 10% 10%

Notes:

  1. No surcharge or education cess is levied on payments made to residents {Individuals / HUF / Society / AOP / Firm / Domestic Company). However education cess is levied in case of salary or wages.
  2. TDS at higher rate of 20% or TDS rate, whichever is higher, has to be deducted if the deductee does not provide PAN to the deductor.

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