2/20/2017

TDS RATES CHART FY 2017-18 / AY 2018-19

MILIN SHAH TOP GST EXPERTS (WWW.TOPGSTEXPERTS.COM)

TDS Rates Chart for FY 2017-18 / AY 2018-19

Tax Deducted at Source (TDS) Rate Chart/Slab for Financial Year (FY) 2017-18 /

Assessment Year (AY) 2018-19

Section Nature of income When to deduct

192 Salary Monthly- at the time of payment where estimated yearly net taxable salary exceeds tax free limit.

Rate On the average rates on the basis of per rates for individuals. (30% if no Valid PAN)

192A Payment of accumulated balance

due of Employees Provident Fund Scheme, 1952, to Employees which is taxable in their hand (w.e.f 01-06-15)

when the amount of 10%

payment or aggregate amount of payment (30% if no Valid

exceeds Rs. 30,000/-Threshold Limit

Increased to Rs. 50,000/- from 01.06.2016 PAN)

193 (See note- 1)*

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 10%

Is (20% if no Valid

earlier, when the

amount exceeds Rs. PAN)

10,000/-In case of Debentures Threshold

limit is Rs. 5000/-

194

Dividend other than the Before making payment 10%

dividend as referred to in to shareholder, other (20% if no Valid

Section 115O than dividend declared

U/s. 115O, when PAN)

amount exceeds Rs. 2,500/-

TDS Rates Chart for FY 2017-18 / AY 2018-19

194A Interest other than At the time of credit or payment, whichever 10%

(See Interest on securities Is (20% if no Valid

note- 2 earlier, when the

to 5)* amount exceeds Rs. PAN)

5,000/-. However, limit is Rs. 10,000/- in

case of interest credited by banks including

cooperative banks to its members.

194B Income by way of winnings /194BB from lotteries, crossword

puzzles, card games and other games of any sort and Income by way of winnings from horse races

Winning from Lotteries 30%

5000 (1-April-2016 to 31-May-2016) (30% if no Valid

10000 (1-Jun-2016 to 31-Mar-2017) PAN)

HORSE RACE

5000 (1-April-2016 to 31-May-2016)

10000 (On or after 1-Jun-2016 )

194C Payment to At the time of credit or payment, whichever 2% For payments

(See contractors/ sub- is earlier, when the amount of a particular To

note- contractors contract exceeds Rs. 30,000/- or the total contractor/Sub-

6)* amount of contract Contractor

during the whole year exceeds Rs. 75,000/- who is not an

(Increased to Rs. 1 Lakh wef 01.06.2016) Individual/HUF(20%

if no Valid PAN)

1% For payment

To

contractor/Sub-

Contractor

who is an

Individual/HUF(20%

if no Valid PAN)

194D Insurance Commission At the time of credit or payment, whichever 10% from

is earlier when the amount exceeds 01.04.2016 to

Rs. 20000 (1-April-2016 to 31-May-2016) or

31.05.2016

5% wef

Rs. 15000 (On or after 1-June-2016 )

01.06.2016)

(20% if no Valid

PAN)

(Please refer Note

194DA Payment under life At the time of payment when the amount or 2%

insurance policy the total amount during the whole year (1% wef

(including Bonus) exceeds Rs. 1 ,00,000/-

01.06.2016)

(20% if no Valid

PAN)

TDS Rates Chart for FY 2017-18 / AY 2018-19

194E Payment to Non-Resident Sportsmen or Sports Association

At the time of credit or payment, whichever 20%

is earlier (20% if no Valid

PAN)

194EE Payment in respect of deposit under

National Savings scheme (NSS)

At the time of credit or payment, whichever 20% (1-April-2016

is earlier when the amount exceeds Rs. to 31-May-2016)

2500/- 10% (on or after 1-

Jun-2016)

(20% if no Valid

PAN)

194F Payment on account of repurchase of

unit by Mutual Fund or Unit

Trust of India

At the time of credit or payment, whichever 20%

is earlier (20% if no Valid

PAN)

194G Commission on sale of lottery At the time of credit or payment, whichever 10% from

tickets is earlier when the amount exceeds 01.04.2016 to

Rs. 1,000/- (1-April-2016 to 31-May-2016)

31.05.2016

Or 5% wef 01.06.2016

Rs. 15000 wef. 1st June-2016 (20% if no Valid

PAN)

194H Payment of commission At the time of credit or payment whichever is 10% from

brokerage earlier when the amount exceeds Rs. 5000/- 01.04.2016 to

(Rs. 15000 WEF 1-June-2016) 31.05.2016

5% wef 01.06.2016

(20% if no Valid

PAN)

194I Rent At the time of credit or payment, whichever 10% If rent is for

(See is earlier, when the amount exceeds Rs. land,

note-7) 1,80,000/- building or

furniture(20% if no

Valid PAN)

2% If the rent is

for

Machinery, Plant or

Equipment(20% if

no Valid PAN)

194IA Payment on transfer of certain At the time of credit or payment, whichever 1%

((See immovable property other is earlier, when the land is situated in (20% if no Valid

note-8) than agriculture land. specified

area when amount exceeds Rs. 50 lacs PAN)

TDS Rates Chart for FY 2017-18 / AY 2018-19

194IB Rent payable by an individual or HUF not

covered u/s. 194I (W.E.F. from

01.06.2017)

Tax shall be deducted on such income at the time of

credit of rent, for the last month of the previous year or

the last month of tenancy if the property is vacated

during the year, as the case may be, to the account of

the payee or at the time of payment thereof in cash or

by issue of a cheque or draft or by any other mode,

whichever is earlier.

Threshold limit Rs. 50,000/ - per month. TDS to be deducted @ 5% Read- TDS on rent made

applicable to Individual

/ HUF even if no Tax

Audit

194IC Payment of Consideration (not being in

kind) under Joint Development Agreement or other similar agreement

At the time of credit or payment, whichever Threshold limit Rs. is earlier. Nil TDS to be

deducted @ 10% (Applicable from 01.04.2017)

Read- Budget 2017-Changes in capital gain computation- joint development agreement

194J Any sum paid by way of

a) Fee for professional

services,

b) Fee for technical services

c) Royalty,

d) Remuneration/fee/commission to a

director or

e) For not carrying out any activity in relation to any business

f) For not sharing any know-how,

patent, copyright etc.

At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 30,000/-

10% 2% in case of payments

received or credited to a

payee, being a person

engaged only in the

business of operation of

call center wef

01.06.2017. (20% if no Valid

PAN) Read- S.194J TDS rate

proposed at 2% on

Call Center business

Income

194K Income in respect of Units Omitted w.e.f 01.06.2016 as Section was non-operational.

194L Payment of Compensation on Omitted w.e.f 01.06.2016 as Section was non-operational

acquisition of Capital Asset

194LA Payment on transfer of certain At the time of credit or payment whichever is 10%

immovable property other earlier if amount exceeds (20% if no Valid

than agricultural land Rs. 200000 between 1-April-2016 to 31-

PAN)

(Read Note-8) May-2016 or

Rs. 250000 after 1-June-2016

4/11

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