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TDS Rate for F Y 2016-17 A Y 2017-18 as per Budget 2016

What is Rate of Tax Deducted at Source for Financial Year 2016-17, Assessment Year 2017-18. TDS Rates FY 2016-17 AY 2017-18.

Rate of Tax Deducted at Source (TDS) as per Finance Bill 2016 (Budget 2016) is as mentioned below. The new TDS rate is effective from 1st June 2016. Till that date TDS rates for Financial Year 2015-16 will be applicable.

 

 

TDS Rate Chart for FY 2016-17 AY 2017-18 applicable w.e.f. 1.6.2016

 

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

 

Rs. 2,50,000

 

 

Rs. 2,50,000

 

Monthly Average Rate

 

-do-

 

NA

 

 

NA

 

Section 192A

 

Payment of accumulated balance due of Employees’ Provident Fund Scheme, 1952, to Employees

 

Rs. 50,000/-

 

10%

 

NA

 

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

 

At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 5,000/-

 

10%

 

NA

 

Section 194

 

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

 

Rs. 2500

 

20%

 
 

Section 194A

 

TDS on interest other than on Securities (By Bank)

 

Rs. 10,000

 

10%

 

10%

 

Section 194A

 

TDS on interest other than Securities (By Others)

 

Rs. 5,000

 

10%

 

10%

 

Section 194B

 

TDS on Winning from Lottery/Cross word Puzzle

 

Rs. 5,000

 

30%

 

30%

 

Section 194BB

 

TDS on Winning from Horse Race

 

Rs. 10,000

 

30%

 

30%

 

Section 194C(1)

 

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

Aggregate Payment in F.Y

 

Rs. 30,000


 

 

Rs. 1,00,000

 

1%

 


 

 

1%

 

2%

 


 

 

2%

 

Section 194C(2)

 

TDS on Sub contracts and Advertisement contracts

 

As above

 

1%

 

2%

 

Section 194D

 

TDS on Insurance Commission

 

Rs. 15,000

 

10%

 

10%

 

Section 194DA

 

Payment under life insurance policy (including Bonus)

 

Rs. 1,00,000

 

1%

 
 

Section 194G

 

Commission on Lottery Tickets

 

Rs. 15,000

 

5%

 
 

Section 194H

 

TDS on commission or brokerage other than insurance Commission

 

Rs. 15,000

 

5%

 

5%

 

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

 

Rs. 1,80,000

 

2%

 

2%

 

Section 194IA

 

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

 

Rs. 50,00,000

 

1%

 

1%

 

Section 194J

 

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

 

Rs. 30,000

 

10%

 

10%

 

Section 194(1)(ba)

 

TDS on Remuneration or Commission paid to Director

 

Nil

 

10%

 

10%

 

194LA

 

Payment of Compensation of acquisition of immovable property

 

Rs. 2,50,000

 

10%

 

10%

 

Section 194LB

 

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

 

At the time of credit or payment whichever is earlier

 

5%

 

5%

 

Section 194LBA

 

Payment of distributed income to resident unit holder by business trust

At the time of credit or payment whichever is earlier

Payment of distributed income to non resident unit holder by business trust

 

 

 

10%

 

 

 

 

10%

 

10%

 

Section 194LBB

 

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

 

At the time of credit or payment whichever is earlier

 

10%

 

10%

 

Section 194LBC

 

Income from Investment in Securitization Trust

   

25%

 

30%

 

Section 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)

 

At the time of credit or payment whichever is earlier

 

5%

 

5%

 

Section 194 LD

 

Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor

 

At the time of credit or payment whichever is earlier

 

5%

 

5%

 

Section 206C

 

Collection on Sale of bullion and Jewellery

 

At time of sale, if sale consideration is received in cash in excess of Rs. 2 Lacs .

 

1%

 

1%

 

206C(1) (Viii)

 

Motor Vehicle Value exceeding Rs. 10,00,000/-

 

10,00,000

 

1%

 

1%

 

206(1D)

 

Sale in cash of any goods (other than Bullion and jewellery) or providing any services (other than payments on which tax is deducted under chapter VII-B) exceeding Rs. 2,00,000/-

 

Rs. 2,00,000

 

1%

 

1%

TDS Rate Chart For FY 2016-17 & AY 2017-18. Latest TDS Rates for AY 2016-17. Scroll Down Below and check all Latest TDS Rate chart issued by Income tax Department. Latest TDS Rate Chart, TDS/TCS Rates Chart for Financial Year 2016-17 (Assessment Year 2017-1) is listed here. You can see Income Slab and Income tax Rate for FY 2016-17 AY 2017-18 applicable for the period from 01.04.2016 to 31.03.2017 for different categories of income tax payers as per the Budget Proposal 2016-17

 

 

Income Slab and Income tax Rate for FY 2016-17 AY 2017-18 applicable for the period from 01.04.2016 to 31.03.2017 as per the Budget Proposal 2016-17

World Income Tax and TDS Rates 2015-2016 (F Y) 2016-17 (A Y)

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