TDS Rates

Table of Contents

TDS Rate Chart as applicable for the Financial year 2017-18 (Assessment Year 2018-19)

Section For Payment of Amount upto which tds not deductible Individual
/HUF
Others
192 Salary As per Income Tax Slab As per Income Tax Slab N/a
192A Payment of accumulated balance due to an employee under Employees Provident Fund Scheme, 1952 50,000 10% 10%
193 Interest on Debentures Rs. 5,000/- or Rs. 10,000 10% 10%
194 Deemed Dividend Rs. 2,500 10% 10%
194A Interest other than on securities Rs. 10,000/- for banks and 5,000 for others 10% 10%
194B Winnings from Lotteries / Puzzle / Game Rs. 10,000/- 30% 30%
194BB Winnings from Horse Race Rs. 10,000/- 30% 30%
194C Payment to Contractor/Sub-contractor Rs. 30,000/- for single payment Rs. 1,00,000/- for aggregate
payment during Financial Year
1% 2%
194D Payment of Insurance Commission Rs. 15,000/- 5% 5%
194DA Payment under Life insurance policy (including bonus) Rs. 1,00,000/- 1% N/a
194E Payment to non- resident sportsmen or sports association N/a 20% 20%
194EE Payment of NSS Deposits Rs. 2,500/- 10% NA
194F Repurchase of units by Mutual Funds / UTI N/a 20% 20%
194G Commission on Sale of Lottery tickets Rs. 15,000/- 5% 5%
194H Commission or Brokerage Rs. 15,000/- 5% 5%
194I Rent of Land, Building or Furniture Rs. 1,80,000/- 10% 10%
Rent of Plant & Machinery Rs. 1,80,000/- 2% 2%
194IA Purchase of Immovable Property Rs. 50 lacs 1% 1%
194IB Rent payable by an individual / Hindu undivided family not covered under section 194I 50,000 per month 5% 5%
194IC Payment of monetary consideration under Joint development agreement or similar other agreement N/a 10% 10%
194J Professional / technical services, royalty Rs. 30,000/- 10%
(2% for Call centres)
10%
(2% for Call centres)
194LA Compensation on acquisition of certain immovable property Rs. 2,50,000/- 10% 10%
 194LB  Payment of interest on infrastructure debt fund to non resident  N/a  N/a  5%
 194LBA  Certain income from units of a business trust.  N/a  10% 5%
 194LBB  Investment fund paying an income to a unit holder (other than income which is exempt under section 10(23FBB))  N/a  10% 10%
 194LBC  Income in respect of investment in securitization trust.  N/a  25% 30%
 194LC  Payment of interest by an Indian company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long term bonds ( including long term infrastructure bond )  N/a  N/a 5%
 194LD  Payment of interest on rupee denominated bond of an Indian company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor.  N/a  N/a 5%
 195  Other sums  N/a  Average rates  Average rates
 196A  Income in respect of units of non residents  N/a  N/a  10% in case of company.
20% in case of a person other than a company.
 196B  Income from units ( including long term capital gain on transfer of such units ) to an offshore fund.  N/a  N/a  10%
 196C  Income from foreign currency bonds or GDR ( including long term capital gains on transfer of such bonds)  N/a  N/a  10%
 196D  Income of FIIs from securities  N/a  N/a  20%

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.

Also Read:

 

Confused about complicated laws? Take our GST consultation services to get your issues solved from GST experts. Click here to know more.

Read More Articles

Section 44ADA – Presumptive Taxation Scheme for Professionals

From financial year 2016-17, a new Section 44ADA is introduced for presumptive income for professionals. This section is similar to section 44AD for traders. Under this section professionals such as legal, medical, engineering, architect, accountancy, technical consultancy, interior decoration or any

Read Article »

Registration Under GST

Topic Covered in this Article Persons required to register compulsorily Documents Required for Registration Fees for Registration Voluntary Registration Time Limit for Registration Effective Date of Registration Requirements for Registration Can a person take more than one GSTIN Things that

Read Article »

GST on Import

Article 269A of constitution mandates that import of goods or services in India is considered as Inter-state trade. Therefore, import of goods or services is considered as interstate supply and is liable for payment of IGST. IGST on the import

Read Article »

Subscribe

We will send updates relating to GST only

(No spam, you can unsubscribe anytime)