TDS Rate Chart
TDS (Tax deducton Source). As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates Decide by the income tax department.
TDS (Tax deducton Source). As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates Decide by the income tax department.
The company or person that makes the payment after deducting TDS is called a deductor and the company or person receiving the payment is called the deductee. It is the deductor’s responsibility to deduct TDS before making the payment and deposit the same with the government.
TDS is deducted irrespective of the mode of payment–cash, cheque or credit–and is linked to the PAN of the deductor and deductee.
Here The Rate List Of TDS
TDS RATE CHART FY 2017-18
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Nature of Payment Made To Residents
|
Cutoff (Rs.)
|
Company / Firm / Co-operative Society / Local
Authority
|
Individual / HUF
|
If No / Invalid PAN
|
Section - Description
|
Rate (%)
|
|||
192 - Salaries(note-10)
|
-
|
NA
|
Avg rates
|
20
|
192A- Premature withdrawal from EPF (wef 01.06.2015)
|
50000(new)
|
NA
|
10
|
20
|
193 - Interest on securities
|
-
|
10
|
10
|
20
|
194 - Dividends
|
2500
|
10
|
10
|
20
|
194A - Interest other than interest on securities
- Others
|
5000
|
10
|
10
|
20
|
194A - Banks(Time deposits)
|
10000
|
10
|
10
|
20
|
194A - Banks (Recurring deposit)(01.06.15)
|
10000
|
10
|
10
|
20
|
194A - Deposit in Co-op Banks(01.06.15)
|
10000
|
10
|
10
|
20
|
194B - Winning from Lotteries
|
10000
|
30
|
30
|
30
|
194BB - Winnings from Horse Race
|
10000(new)
|
30
|
30
|
30
|
194 C - Payment to Contractors
|
-
|
-
|
-
|
-
|
194C- Payment to Contractor - Single Transaction
|
30000
|
2
|
1
|
20
|
194C-Payment to Contractor - Aggregate During the
F.Y.
|
100000(new)
|
2
|
1
|
20
|
194C- Contract - Transporter who has provided
valid PAN W.e.f 01.06.2016)
|
-
|
-
|
-
|
20
|
194C- Contract - Transporter not covered under 44AE (wef
01.06.2015)
|
30000 / 75000
|
2
|
1
|
20
|
194C- Contract - Transporter covered under 44AE
& submit declaration on prescribed form with PAN (wef 01.06.2015)
|
-
|
-
|
-
|
20
|
194D - Insurance Commission
|
20000
|
10
|
10
|
20
|
194DA Payment in respect of life insurance
policy(applicable from 01.1.2014)
|
100000
|
1(new)
|
1(new)
|
20
|
194E - Payment to Non-Resident Sportsmen or
Sports Association
|
-
|
20
|
20
|
20
|
194EE - Payments out of deposits under NSS
|
2500
|
10(new)
|
10(new)
|
20
|
194F - Repurchase Units by MFs
|
-
|
20
|
20
|
20
|
194G - Commission - Lottery
|
15000(new)
|
5(new)
|
5(new)
|
20
|
194H - Commission / Brokerage
|
5000
|
5(new)
|
5(new)
|
20
|
194I - Rent - Land and Building - furniture -
fittings
|
180000
|
10
|
10
|
20
|
194I - Rent - Plant / Machinery / equipment
|
180000
|
2
|
2
|
20
|
194IA -Transfer of certain immovable property
other than agriculture land(w.e.f 1-6-2013)
|
5000000
|
1
|
1
|
20
|
194J - Professional Fees
|
30000
|
10
|
10
|
20
|
194LA - Immovable Property
|
250000(new)
|
10
|
10
|
20
|
194LB - Income by way of interest from
infrastructure debt fund (non-resident)
|
-
|
5
|
5
|
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
|
194LD - Interest on certain bonds and govt.
Securities(from 01-06-2013)
|
-
|
5
|
5
|
20
|
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
|
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