TDS Rate Chart Financial Year 2014–15 & AY 2015–16

TDS Rate Chart Finan­cial Year 2014–15 & AY 2015–16
Nature of Pay­ment Made To Residents	Thresh­old Lim­it (Rs.)	Com­pa­ny / Firm / Co-oper­a­tive Soci­ety / Local Authority	Indi­vid­ual / HUF
		Rate (%)	Rate (%)
192 — Salaries	Aver­age rates
193 — Inter­est on securities	-	10	10
194 — Dividends	-	10	10
194A — Inter­est oth­er than inter­est on secu­ri­ties — Others	5000	10	10
194A — Banks	10000	10	10
194B — Win­ning from Lotteries	10000	30	30
194BB — Win­nings from Horse Race	5000	30	30
194 C — Pay­ment to Contractors
- Pay­ment to Con­trac­tor — Sin­gle Transaction	30000	2	1
- Pay­ment to Con­trac­tor — Aggre­gate Dur­ing the F.Y.	75000	2	1
194D — Insur­ance Commission	20000	10	10
194­DA-Pay­ment of Tax­able Life Insur­ance Pol­i­cy wef 01.10.2014	100000	2	2
194E — Pay­ment to Non-Res­i­dent Sports­men or Sports Association	-	20	20
194EE — Pay­ments out of deposits under NSS	2500	20	-
194F — Repur­chase Units by MFs	1000	20	20
194G — Com­mis­sion — Lottery	1000	10	10
194H — Com­mis­sion / Brokerage	5000	10	10
194I — Rent — Land and Building	180000	10	10
194I — Rent — Plant / Machinery	180000	2	2
194J — Pro­fes­sion­al Fees	30000	10	10
194LA — Immov­able Property	100000	10	10
194LB — Income by way of inter­est from infra­struc­ture debt fund (non-res­i­dent)	-	5	5
194LBA Income paid Under sec­tion 115UA we f 01.10.2014
Res­i­dent	-	10	10
Non res­i­dent	-	5	5
Sec 194 LC — Income by way of inter­est by an Indi­an spec­i­fied com­pa­ny to a non-res­i­dent / for­eign com­pa­ny on for­eign cur­ren­cy approved loan / long-term infra­struc­ture bonds from out­side India (applic­a­ble from July 1, 2012)	-	5	5
196B — Income from units	10	10
196C-Income from for­eign cur­ren­cy bonds or GDR (includ­ing long-term cap­i­tal gains on trans­fer of such bonds) (not being dividend)	-	10	10
196D — Income of FIIs from securities	20	20	20

Note:

1. No TDS on ser­vice Tax: As per­cir­cu­lar 01/2014 dat­ed 13.01.2014 TDS is not applic­a­ble on ser­vice tax part if ser­vice tax is shown separately.

2. TDS at 20%or the rate applic­a­ble whichev­er is high­er has to be deduct­ed if the deductee does not pro­vide PAN to the deductor.

3. No TDS on Goods Trans­port : No deduc­tion shall be made from any sum cred­it­ed or paid or like­ly to be cred­it­ed or paid dur­ing the pre­vi­ous year to the account of a con­trac­tor dur­ing the course of busi­ness of ply­ing, hir­ing or leas­ing goods car­riages on fur­nish­ing of his Per­ma­nent Account Num­ber, to the per­son pay­ing or cred­it­ing such sum
4. 1. Sur­charge & cess on tax is not deductible in respect of pay­ment of income oth­er than salary.

   B. Sur­charge on TDS is applic­a­ble on pay­ment made to non-res­i­dent oth­er than com­pa­ny, if pay­ment is in excess of one crore. (10 %). Sur­charge on TDS on salary is applic­a­ble if tax­able salary is more than one crore @ 10 %

4. Sur­charge & cess on tax is not deductible in respect of pay­ment of income oth­er than salary.

5. Sur­charge on TDS is applic­a­ble on pay­ment made to non-res­i­dent oth­er than com­pa­ny, if pay­ment is in excess of one crore. (10 %). Sur­charge on TDS on salary is applic­a­ble if tax­able salary is more than one crore @ 10 %