TDS Rate in India for Financial Year 2014-2016? What are the Exemption Limit for Assessment Year 2015-2016 (FY 2015-2016?)

 

TDS Rates for Financial Year (FY) 2014-2015 Assessment Year (A.Y. 2015-2016)

 

 

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

 

2,50,000

 

2,50,000

 

Monthly Average Rate

-do-

 

NA

 

NA

Section 192A

 

Provident Fund Payment of Accumulated balance due to employee's provident fund scheme 1952 to employees (w.e.f 1.6.2015) 30,000 10 -
Section 193

Interest on securities a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; c) any security of the Central or State Government; d) interest on any other security

 

5,000 10 10
Section 194

 

Dividends Before making payment to’ shareholder, other than dividend declared U/s. 115-0, when amount exceeds Rs. 2,500/- 2,500 20 20
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 194DA

 

LIC - At the time of payment when the amount or the total amount during the whole year exceeds Rs. 1 ,00,000/- 1,00,000 2 -
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
194LB

 

Payment of interest on infrastructure debt fund to non resident or foreign company   5 5
194LBA Payment of distributed income to resident unit holder by a business trust and Payment of distributed income to non resident unit holder by a business trust

 

  10 - 5  
194LBB

 

Payment of distributed income to unit holder in respect of units of an investment fund (w.e.f 01-06-15)   10 10
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)

 

  5 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

 

  5 5
206C Collection on Sale of bullion and Jewellery 2,00,000 1 1
 

 

 

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