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TAX DEDUCTED AT SOURCE (TDS) RATES FROM FINANCIAL YEAR 2013-14 (A.Y. 2014-15)

 

 

 

 

Income Tax Act Section

 

Nature of Payment or Credit

 

Cut off Amount

 

Rate %Individual/
HUF

 

Rate % Others

Section 192

 

TDS on Salary

Resident individual whose total income does not exceed Rs. 500000

Others

 

2,20,000

 

2,00,000

 

Monthly Average Rate

-do-

 

NA

 

NA

 

Section 193

 

TDS on Interest on Debenture

 

5,000

 

10

 

10

 

Section 194

 

TDS on Deemed Dividend

 

-

 

10

 

10

 

Section 194A

 

TDS on interest other than on Securities (By Bank)

 

10,000

 

10

 

10

 

Section 194A

 

TDS on interest other than Securities (By Others)

 

5,000

 

10

 

10

 

Section 194B

 

TDS on Winning from Lottery/Cross word Puzzle

 

10,000

 

30

 

30

 

Section 194BB

 

TDS on Winning from Horse Race

 

5,000

 

30

 

30

 

Section 194C(1)

 

TDS on Labour Contract, AMC, Work Contract, Man Power Consultancy -Single Payment

Aggregate Payment in F.Y

 

30,000


 

75,000

 

1

 


1

 

2

 


2

 

Section 194C(2)

 

TDS on Sub contracts and Advertisement contracts

 

As above

 

1

 

2

 

Section 194D

 

TDS on Insurance Commission

 

20,000

 

10

 

10

 

Section 194EE

 

TDS on payment of NSS Deposit

 

2,500

 

20

 

NA

 

Section 194H

 

TDS on commission or brokerage other than insurance Commission

 

5,000

 

10

 

10

 

Section 194I

 

TDS on Rent -Land and Building, Furniture and Fixtures

 

1,80,000

 

10

 

10

 

Section 194I

 

 

TDS on Rent -Plant and Machinery, Equipments

 

1,80,000

 

2

 

2

 

Section 194IA

 

TDS on Transfer of Immovable Property (w.e.f. 1.6.2013)

 

50,00,000

 

1

 

1

 

Section 194J

 

TDS on Professional, Technical Charges, Royalty, Non Compete Fees

 

30,000

 

10

 

10

 

Section 194(1)(ba)

 

TDS on Remuneration or Commission paid to Director

 

Nil

 

10

 

10

 

Section 194LA

 

TDS on Compensation on Acquisition of Immovable Property

 

2,00,000

 

10

 

10

 

 

 

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