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What is TDS Rate in India for Financial Year 2015-16? What are the Exemption Limit for Assessment Year 2016-17 (FY 2015-16)?

TDS Rates for Financial Year (FY) 2015-16 Assessment Year (A.Y. 2016-17)


Income Tax Act Section Nature of Payment or Credit Cut off Amount Rate %Individual/
Rate % Others

Section 192

TDS on Salary

Resident individual whose total income does not exceed Rs. 500000








Monthly Average Rate






Section 192A Payment of accumulated balance due of Employees? Provident Fund Scheme, 1952, to Employees (w.e.f 01-06-15) when the amount of payment or aggregate amount of payment exceeds Rs. 30,000/- 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) 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 5,000 30% 30%
Section 194BB TDS on Winning from Horse Race 2,500 30% 30%
Section 194C(1) TDS on Labour Contract, AMC, Work Contract, Man Power Consultancy -Single Payment


Aggregate Payment in F.Y










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 Payment under life insurance policy (including Bonus) At the time of payment when the amount or the total amount during the whole year exceeds Rs. 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%
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 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 10v 10%
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%

Note : Surcharge, education cess and secondary and higher education cess will be added to the above tax rate, as applicable.

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