TDS RATES
After the budget 2016-17 proposals the following TDS rates shall be applicable for financial year 2016-17 with effect from 01/06/2016
| Nature of Payment | Under Section | Payment Exceeding | TDS Rate |
|---|---|---|---|
| Salary | 192 | As per IT Slab | as per slab
30% (No PAN) |
| Premature withdrawal of EPF | 192A | 50,000 INR | 20% (No PAN) |
| Interest on Securities
Interest on Debentures |
193 | 10,000 INR
5,000 INR |
10%
10% |
| Dividend (Unlisted Companies) | 194 | NA | 10% |
| Interest other then securities by Bank/PO
Interest other then securities by others |
194A | 10,000 INR
5,000 INR |
10%
10% |
| Winnings from Games/Lotteries/Puzzels | 194B | 10,000 INR | 30% |
| Winings from horse race | 194BB | 10,000 INR | 30% |
| Contract Payment | 194C | 1,00,000 INR | 1% HUF/Ind
2% Others |
| Insurance Commission | 194D | 15,000 INR | 5% |
| Life Insurance Policy | 194DA | 1,00,000 INR | 1% HUF/IND
Others: Nil |
| NSS Deposits | 194EE | 2,500 INR | 10% HUF/IND
Others: Nil |
| Repurchase of Units of Mutual Funds/UTI |
194F | NA | 20% |
| Commission on Sale of Lottery Tickets | 194G | 15,000 INR | 5% |
| Commission on Brokerage | 194H | 15,000 INR | 5% |
| Rent: Land, Building, Furniture
Rent: Plant & Machinery |
194I | 1,80,000 INR
1,80,000 INR |
10%
2% |
| Transfer of Immovable Property other then agricultural land | 194IA | 50,00,000 INR | 1% |
| Professional Charges, Technical Charges, Royalty, Non Compete Fees, Payment To Directors |
194J | 30,000 INR | 10% |
| Compensation on Accusation of Immovable Property | 194LA | 2,50,000 INR | |
| Interest from Infrastructure Bonds | 194LB | NA | 5% |
| Interest from Special purpose Vehicle by business trust to unit holders to -Resident Payee -Non Resident Payee |
194LBA | NA | 10%
5% |
| Payment in respect of Units of Fund u/s 115UB | 194LBB | NA | 10% |
| Interest to non residents from companies/businesses/trust engaged in certain businesses |
194LC | NA | 5% |
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