| Section | Nature of Payment | Threshold Limit of Payment | 01-04-2016 to 31-05-2016 | 01-06-2016 onwards | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 192 |
Income from Salary |
Senior Citizen (60 Years) |
Rs. 3,00,000
|
Average rate of Tax +Education Cess (Surcharge if Salary > 1 Cr) | ||||||||||
|
Super Senior Citizen (80 Years) |
Rs. 5,00,000 | |||||||||||||
| Others | Rs. 2,50,000 | |||||||||||||
| 192A | Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
|
|
10% | 10% | ||||||||||
| 193 |
Interest on Securities |
Rs. 5,000 | 10% | 10% | ||||||||||
| 194A |
Interest from a Banking Company |
Rs. 10,000 per annum | 10% | 10% | ||||||||||
| 194A |
Interest other than from a Banking Company |
Rs. 5,000 per annum | 10% | 10% | ||||||||||
| 194B |
Winning from Lotteries & Cross Word Puzzles |
Rs. 10,000 per annum | 30% | 30% | ||||||||||
| 194BB | Winning from Horse Races |
|
30% | 30% | ||||||||||
| 194C |
Transporters with valid PAN & to whom 44AE applicable |
- | 0% | 0% | ||||||||||
| 194C | Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters) |
|
Individual/HUF 1% Others 2% | Individual/HUF 1% Others 2% | ||||||||||
| 194D | Insurance Commision |
|
10% | 5% | ||||||||||
| 194DA |
Payment under life insurance policy (including Bonus) |
Rs.1,00,000 per annum | 2% | 1% | ||||||||||
| 194E |
Non-resident Sportman or Sports Association |
- |
20% | 20% | ||||||||||
| 194EE |
Out of deposit under NSS |
Rs.2,500 |
|
|
||||||||||
| 194G |
Commission on Sale of Lottery Tickets |
|
10% | 5% | ||||||||||
| 194H | Commission/Brokerage |
|
10% | 5% | ||||||||||
| 194-I | Rent on Plant / Machinery | Rs. 1,80,000 per annum | 2% | 2% | ||||||||||
| 194-I |
Land or building or furniture or fitting |
Rs. 1,80,000 per annum | 10% | 10% | ||||||||||
| 194-IA | Payment or transfer of Non -agricultural immovable property | Rs. 50,00,000 & above | 1% | 1% | ||||||||||
| 194J | Fees for Professional / Technical Services | Rs. 30,000 per annum | 10% | 10% | ||||||||||
| 194LA
|
Compulsory Acquisition of immovable Property |
|
10% | 10% | ||||||||||
| 206C |
Scrap |
- |
1.00% | 1.00%
|
||
| 206C |
Tendu Leaves |
- |
5.00% | 5.00%
|
||
| 206C |
Timber obtained under a forest lease or other mode |
- |
2.50% | 2.50%
|
||
| 206C |
Any other forest produce not being a Timber or tendu leave |
- |
2.50% | 2.50%
|
||
| 206C |
Alcoholic Liquor for Human Consumption |
- |
1.00% | 1.00% | ||
| 206C |
Packing lot, toll plaza, mining & quarrying |
- |
2.00% | 2.00%
|
||
| 206C |
Where Amount Received Partially or Wholly in Cash:- Purchase of Bullion Jewellery Any other goods or service (where TDS is not deducted) |
Exceeding Rs. 2 Lacs per transaction Exceeding Rs. 5 Lacs per transaction Exceeding Rs. 2 Lacs per transaction |
1.00% 1.00% 0.00% |
1.00% 1.00% 1.00% |
||
| 206C | Purchase of coal lignite, Iron ore by a trader | - | 1.00% | 1.00%
|
||
| 206C | Sale Value of Motor vehicle whether in cash, cheque or in any other mode of receipt | Exceeding Rs. 10 Lakhs per transaction | 0.00% | 1.00% | ||
1. Surcharges & Education Cess
| Type of Payment | Surcharge | Rate | Education Cess (3.00%) |
|---|---|---|---|
| Salary (Resident & Non- resident) | Upto 1cr | Nil | Yes |
| > 1 Crore | 10% | ||
| Other Payments to Residents | No | Nil | No |
| Other Payments to Non-Residents | |||
| Payment to Non-Residents (other than Cos) | Upto 1cr | Nil | Yes |
| > 1 Crore | 10% | ||
| Payments to Foreign Co. | Upto 1cr | Nil | Yes |
| > 1 Crore | 2% | ||
| > 10 Crores | 5% |
| Stage of deduction | Rate per month or part of the month |
|---|---|
|
From date when deductible till actual deduction |
1.00% |
|
From date of deduction till payment |
1.50% |