TDS Rates for Current & Previous Financial Years

Section

Nature of Payment

Other Points

Cut Off

Individual/HUF

Others

192

Salaries

Negative Income of House property may be considered for TDS Calculation

-

Avg. Rates

NA

192A

Premature Withdrawal from EPF

TDS is applicable only if withdrawn before 5 years of contribution

50000

10

NA

193

Interest on Securities

Threshold limits

Govt Securities -10,000 & Debentures - 5000

10000

10

194

Dividends

No TDS on exempted dividend u/s 10(34)

2500

10

194A

Bank Interests/Post office

Threshold Limits (10000/50000 for senior citizens) from banks & 5000 from others

40000

10

194A

Interest from Others

5000

10

194A

For Senior Citizen (w.e.f 01/04/18)

Adjustment in deduction increase/decrease can be made same as under section 192

50000

10

194B

Winnings from Lotteries

Tax is deductible even for prize in kind

10000

30

194BB

Winnings from Horse Race

10000

30

194C

Contractor-Single/Yearly

Material value excluded if shown in bill separately

30000/1 Lakh

1

2

194C

Transporter(44AE) Declaration with PAN

Material value excluded if shown in bill separately

-

-

-

194D

Insurance Commission (15G-15H allowed)

15G-15H allowed w.e.f. 1/06/2016

15000

5

194DA

Life Insurance Policy

No deduction on payment on death of deductee

1 Lakh

1

194E

Non-Resident Sportsmen or Sports Association

-

20

194EE

NSS

No deduction on payment to heirs

2500

10

NA

194F

Repurchase Units by MFs

-

20

194G

Commission/Lottery

15000

5

194H

Commission/Brokerage

15000

5

194I

Rent, Land & Building, F&F

TDS is deductible even if deductor is not owner

2.4 Lakh

10

194IB

Rent by Individual/HUF (w.e.f 1/06/2017)

TDS to be deposited under PAN, no TAN required

50000/Month

5

NA

194I

Rent - Plant/Machinery/Equipment

2.4 Lakh

2

194IA

Immovable Property

Agricultural Land not covered/TAN is not required

50 Lakh

1

194J

Professional /Technical Fees

No limit for payment to director; No TDS on professional services for personal purposes

30000

10

194LA

Immovable Property (Compensation)

Immovable Property - TDS exempted under RFCTLARR Act (w.e.f 1/04/2017)

2.5 Lakh

10

194LB

Interest from infra dept fund (NRI)

NA

5

194LB

Interest from infra dept fund (NRI)

NA

5

194LC

Interest by an Indian specified company to a Non-Resident/Foreign company on foreign currency approved loan/long term infra bonds from outside India (w.e.f 1/07/2012)

NA

5

194LD

Interest on certain bonds and govt. Securities(w.e.f 1/06/2013)

NA

5

196B

Income from units

NA

10

196C

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

NA

10

196D

Income of FIIs from Securities

NA

20

Section

Nature of Payment

Other Points

Cut Off

Individual/HUF

Others

192

Salaries

Negative Income of House property may be considered for TDS Calculation

-

Avg. Rates

NA

192A

Premature Withdrawal from EPF

TDS is applicable only if withdrawn before 5 years of contribution

50000

10

NA

193

Interest on Securities

Threshold limits

Govt Securities -10,000 & Debentures - 5000

10000

10

194

Dividends

No TDS on exempted dividend u/s 10(34)

2500

10

194A

Bank Interests/Other

Threshold Limits (10000/50000 for senior citizens) from banks & 5000 from others

10000/5000

10

194A

For Senior Citizen (w.e.f 01/04/18)

Adjustment in deduction increase/decrease can be made same as under section 192

50000

10

194B

Winnings from Lotteries

Tax is deductible even for prize in kind

10000

30

194BB

Winnings from Horse Race

10000

30

194C

Contractor-Single/Yearly

Material value excluded if shown in bill separately

30000/1 Lakh

1

2

194C

Transporter(44AE) Declaration with PAN

Material value excluded if shown in bill separately

30000/1 Lakh

1

2

194D

Insurance Commission (15G-15H allowed)

15G-15H allowed w.e.f. 1/06/2016

15000

5

194DA

Life Insurance Policy

No deduction on payment on death of deductee

1 Lakh

1

194EE

NSS

No deduction on payment to heirs

2500

10

NA

194G

Commission/Lottery

15000

5

194H

Commission/Brokerage

15000

5

194I

Rent, Land & Building, F&F

TDS is deductible even if deductor is not owner

1.8 Lakh

10

194IB

Rent by Individual/HUF (w.e.f 1/06/2017)

TDS to be deposited under PAN, no TAN required

50000/Month

5

NA

194I

Rent - Plant/Machinery/Equipment

1.8 Lakh

2

194IA

Immovable Property

Agricultural Land not covered/TAN is not required

50 Lakh

1

194J

Professional /Technical Fees

No limit for payment to director; No TDS on professional services for personal purposes

30000

10

194J

Payment to Call Center (w.e.f 1/06/2017)

10% before 1/6/2017)

30000

2

194LA

Immovable Property (Compensation)

Immovable Property - TDS exempted under RFCTLARR Act (w.e.f 1/04/2017)

2.5 Lakh

10

194LB

Interest from infra dept fund (NRI)

NA

5

194LB

Interest from infra dept fund (NRI)

NA

5

194LC

Interest by an Indian specified company to a Non-Resident/Foreign company on foreign currency approved loan/long term infra bonds from outside India (w.e.f 1/07/2012)

NA

5

194LD

Interest on certain bonds and govt. Securities(w.e.f 1/06/2013)

NA

5

196B

Income from units

NA

10

196C

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

NA

10

196D

Income of FIIs from Securities

NA

20

Section

Nature of Payment

Other Points

Cut Off

Individual/HUF

Others

192

Salaries

Negative Income of House property may be considered for TDS Calculation

-

Avg Rates

NA

192A

Premature Withdrawal from EPF

TDS is applicable only if withdrawn before 5 years of contribution

50000

10

NA

193

Interest on Securities

Threshold limits

Govt Securities -10,000 & Debentures - 5000

10000

10

194

Dividends

No TDS on exempted dividend u/s 10(34)

2500

10

194A

Bank Interests/Other

Adjustment in deduction increase/decrease can be made same as under section 192

10000/5000

10

194B

Winnings from Lotteries

Tax is deductible even for prize in kind

10000

30

194BB

Winnings from Horse Race

10000

30

194C

Contractor-Single/Yearly

Material value excluded if shown in bill separately

30000/1 Lakh

1

2

194C

Transporter(44AE) Declaration with PAN

Material value excluded if shown in bill separately

30000/1 Lakh

1

2

194D

Insurance Commission (15G-15H allowed)

15G-15H allowed w.e.f. 1/06/2016

15000

5

194DA

Life Insurance Policy

No deduction on payment on death of deductee

1 Lakh

1

194EE

NSS

No deduction on payment to heirs

2500

10

NA

194G

Commission/Lottery

15000

5

194H

Commission/Brokerage

15000

5

194I

Rent, Land & Building, F&F

TDS is deductible even if deductor is not owner

1.8 Lakh

10

194IB

Rent by Individual/HUF (w.e.f 1/06/2017)

TDS to be deposited under PAN, no TAN required

50000/Month

5

NA

194I

Rent - Plant/Machinery/Equipment

1.8 Lakh

2

194IA

Immovable Property

Agricultural Land not covered/TAN is not required

50 Lakh

1

194J

Professional /Technical Fees

30000

10

194J

Payment to Call Center (w.e.f 1/06/2017)

30000

2

194LA

Immovable Property (Compensation)

2.5 Lakh

10

194LA

Immovable Property - TDS exempted under RFCTLARR Act (w.e.f 1/04/2017)

194LB

Interest from infra dept fund (NRI)

NA

5

194LB

Interest from infra dept fund (NRI)

NA

5

194LC

Interest by an Indian specified company to a Non-Resident/Foreign company on foreign currency approved loan/long term infra bonds from outside India (w.e.f 1/07/2012)

NA

5

194LD

Interest on certain bonds and govt. Securities(w.e.f 1/06/2013)

NA

5

196B

Income from units

NA

10

196C

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

NA

10

196D

Income of FIIs from Securities

NA

20

Section

Description

Change

w.e.f Date

194IB

Rent

TDS by individual/HUF 5% on Rent more than Rs. 50000 per month

01/06/2017

194J

Professional Services

Rate on call center reduced to 2%

01/06/2017

194D

Insurance Commission

Form 15G-15H allowed

01/06/2017

194LA

Compensation on acc. Of Immovable Property Sale

No TDS on compensation under right to fair compensation and transparency in land acquisition

01/04/2017

194 LC/D

Foreign Loans

5% TDS on Int. Ext. Comm. borrowings

FY 2016-17

40A(IA)

Dis-Allowance on Non-Deduction of TDS

Also applicable on income from other sources

AY 17-18

244A

Interest on Refund

Payable from apply date to refund date half % per month

01/04/2017

Section

Nature of Payment

Other Points

Cut Off

Individual/HUF

Others

192

Salaries

Negative Income of House property may be considered for TDS Calculation

-

Avg. Rates

NA

192A

Premature Withdrawal from EPF

TDS is applicable only if withdrawn before 5 years of contribution

30000(50000)

10

NA

193

Interest on Securities

Threshold limits

Govt Securities -10,000 & Debentures - 5000

10000

10

194

Dividends

No TDS on exempted dividend u/s 10(34)

2500

10

194A

Bank Interests/Other

Adjustment in deduction increase/decrease can be made same as under section 192

5000 (10000)

10

194B

Winnings from Lotteries

Tax is deductible even for prize in kind

10000

30

194BB

Winnings from Horse Race

5000(10000)

30

194C

Contractor-Single Transaction

Material value excluded if shown in bill separately

30000/75000(1 Lakh)

1

2

194C

Contractor-During the Financial Year

Material value excluded if shown in bill separately

75000 (1 Lakh)

1

2

194C

Transporter(44AE) Declaration with PAN

Material value excluded if shown in bill separately

194D

Insurance Commission (15G-15H allowed)

15G-15H allowed w.e.f. 1/06/2016

20000 (15000)

10 (5%)

194DA

Life Insurance Policy

No deduction on payment on death of deductee

1 Lakh

2 (1%)

194EE

NSS

No deduction on payment to heirs

2500

20 (10%)

NA

194G

Commission/Lottery

1000 (15000)

10 (5)

194H

Commission/Brokerage

5000 (15000)

10 (5)

194I

Rent, Land & Building, F&F

TDS is deductible even if deductor is not owner

1.8 Lakh

10

194I

Rent - Plant/Machinery/Equipment

1.8 Lakh

2

194IA

Transfer of Immovable Property other than Agricultural Land

Agricultural Land not covered/TAN is not required

50 Lakh

1

194J

Professional Fees

30000

10

194LA

Immovable Property (Compensation)

2 Lakh (2.5 Lakh)

10

194LA

Immovable Property - TDS exempted under RFCTLARR Act (w.e.f 1/04/2017)

194LB

Interest from infra dept fund (NRI)

NA

5

194LB

Interest from infra dept fund (NRI)

NA

5

194LC

Interest by an Indian specified company to a Non-Resident/Foreign company on foreign currency approved loan/long term infra bonds from outside India (w.e.f 1/07/2012)

NA

5

194LD

Interest on certain bonds and govt. Securities(w.e.f 1/06/2013)

NA

5

196B

Income from units

NA

10

196C

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

NA

10

196D

Income of FIIs from Securities

NA

20

Section

Particulars of Payment

Old Limit

New Limit

192A

Payment of EPF dues to an employee

30000

50000

194BB

Winnings from Horse Race

5000

10000

194C

Payments to Contractors

75000

1 Lakh

194D

Insurance Commission

20000

15000

194H

Commission or Brokerage

5000

15000

194LA

Compensation on Immovable Property

2 Lakh

2.5 Lakh

Changes in TDS Rates (Budget - 2016) w.e.f. 1/06/2016

194DA

Life Insurance Policy

2%

1%

194EE

NSS

20%

10%

194G

Commission on Lottery Tickets

10%

5%

194H

Commission or Brokerage

10%

5%

194K

Income in respect of units

Proposed to be omitted w.e.f. 1^st June 2016.

194L

Payment of Compensation on acquisition of Capital Asset

194LBB

Units of Investment Funds

10% or rates in force

194LBC

Investment in a securities trust

25% & 30%