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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