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:
- 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.
- TDS at 20%or the rate applicable whichever is higher has to be deducted if the deductee does not provide PAN to the deductor.
- 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
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- 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 %
- Surcharge & cess on tax is not deductible in respect of payment of income other than salary.
- 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 %