Tds Rates is a big question for deductor in every year. Deductor should aware about it. It is not possible for Income Tax Department to send physical letters / communication to their all deductors. But Now department has started to send email regarding TDS changes etc. However present official TDS rates are given below in the interest of Deductors.
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 |
Source :- TRACES