IPC, CRPC, TAX Law Guidence, Bare Acts - Aaptaxlaw.com

 

TDS Rate Chart as per Budget 2017

Tax Deducted at Source (TDS) Rate for FY 2017-2018 (AY 2018-2019)

 

 

Section

 

Nature of Income

 

Deduction Rule

 

Rate of TDS

 

192

 

Payment of Salary

 

Monthly Deduction when estimated yearly salary exceeds Taxable Limit.

 

Average Deduction (30% for employees without valid PAN)

 

192A

 

EPF

(from 1.6.15)

 

Rs. 30,000/-

Rs. 50,000/- w.e.f 1.6.2016.

 

10%

(30% without valid PAN)

 

193

 

a) Interest on Securities by Govt.

b) Debenture issued by Company

c) Any Security of Central or State Government

d) Interest on any other security.

 

Rs. 10,000/-

Debenture Rs. 5,000/-

 

10%

(20% without valid PAN)

 

194

 

Dividend other than referred in Section 115O

 

When amount Exceeds Rs. 2,500/-

 

10% (20% without valid PAN)

 

194A

 

Interest Other than Interest on Securities

 

Rs. 5,000/-. Rs. 10,000/- for banks including Cooperative Societies.

 

10% (20% without valid PAN)

 

194B / 194BB

 

Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort and Income by way of winnings from horse races

 

Rs. 10,000/- after 1.6.2016

 

30% (30% No valid PAN)

 

194C

 

Payment to Contractors and Sub Contractors

 

Rs. 30,000/- or total amount of the contract for whole year exceed Rs. 1 lac (from 1.6.2016)

 

2% for payment to non individual or HUF.

1% for payment to Individuals and HUF. (20% without valid PAN)

 

194D

 

Insurance Commission

 

Rs. 15,000/- (From 1.6.2016)

 

5% (20% No valid PAN)

 

194DA

 

Payment under LIC including bonus

 

Rs. 1,00,000/-

 

1% (20% No valid PAN)

 

194E

 

Payment to Non-Resident Sports Person or Sports Association

 

At the time of payment or credit whichever is earlier

 

20% (20% No valid PAN)

 

194F

 

Payment for repurchase of Unit by Mutual Fund or UTI

 

At the time of payment or credit whichever is earlier

 

20% (20% No valid PAN)

 

194G

 

Commission on sale of Lottery Tickets

 

Rs. 15,000/- (from 1.6.2016)

 

5% (20% No Valid PAN)

 

194H

 

Commission or Brokerage

 

Rs. 15,000/- (from 1.6.2016)

 

5% (20% No Valid PAN)

 

194I

 

Rent

 

Rs. 1,80,000/-

 

10% for Land, Building or Furniture

2% for Machinery, Plant or Equipment. (20% No Valid PAN)

 

194IA

 

Transfer of certain immovable property other than Agricultural Land

 

Rs. 50,00,000/-

 

1% (20% No Valid PAN)

 

194IB

 

Rent payable by and Individual or HUF not covered under 194I (w.e.f 1.6.2017)

 

Rs. 50,000/-

 

5%

 

194IC

 

Payment of consideration (not being of in kind) Under Development agreement or other similar agreement)

 

No Threshold Limit

 

10% (w.e.f 1.4.2017)

 

194J

 

Any sum paid for

a) Professional Services

b) Technical Services

c) Royalty

d) Remuneration / fee / commission to a director

e) For not carrying out any activity in relation to a business

f) For not sharing any know-how, patent, copy right etc

 

Rs. 30,000/-

 

10%

2% for Call center w.e.f 1.6.2017.

(20% No Valid PAN)

 

194LA

 

Payment of Compensation on Acquisition of Capital Assets.

 

Rs. 2,50,000/- (from 1.6.2016)

 

10% (20% No Valid PAN)

 

194LB

 

Payment of interest on infrastructure debt fund to non-resident or foreign company.

 

-

 

5% (20% No Valid PAN)

 

194LBA

 

Income from units of a business or trust

 

-

 

10% (20% No Valid PAN)

 

194LBA

 

Income from units of a business or trust to non resident

 

At the time of payment or credit whichever is earlier

 

5% (20% No Valid PAN)

 

194LBB

 

Investment fund paying income to a unit holder (except under section 10(23BB).

 

At the time of payment or credit whichever is earlier

 

30%

 

194LBC

 

Investment in securitization Trust

 

Resident individual or HUF

Other Residents

Non Resident Companies

Non Resident non companies

 

25%

30%

40%

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)

 

-

 

5% for borrowing made before 1st July 2020

 

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%+ Surcharge and  education cess.

 

195

 

Other Sums

 

-

 

Average rate

 

196A

 

Foreign Company Unit Holder of Mutual Fund

 

-

 

10% Companies

20% Others

 

196B

 

Income from units to an offshore fund

 

-

 

10% (20% no Valid PAN)

 

196C

 

Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)

 

-

 

10% (20% no PAN)

 

196D

 

Income of FIIs from securities

 

-

 

20% (20% no PAN)

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