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Monday, June 24, 2013

TDS rates and threshold limit for financial year 2012-13

There is always a confusion about the threshold limit of Tax deduction at source(TDS). Threshold limit is the limit below which no TDS will be deducted. In this table there is complete list of the payment on which TDS is deducted, threshold limit, assessee type, rate of TDS and TDS rate in the case when PAN(Permanent Account Number) is not available. These TDS rates are applicable for financial year 2012-13 and the analysis year 2013-14. 


Nature ofPayment Made To Residents
Threshold
Company / Firm / Co-operative Society / Local Authority
Individual/ HUF
If No
/Invalid
PAN
Section - Description
(Rs.)
Rate (%)
Rate
Rate (%)

 (%)
192 - Salaries
-
NA
Average ratesas applicable
30
193 - Interest on securities
-
10
10
20
194 - Dividends
-
10
10
20
194A - Interest other than interest on securities - Others
5000
10
10
20
194A - Banks
10000
10
10
20
194B - Winning from Lotteries
10000
30
30
30
194BB - Winnings from Horse Race
5000
30
30
30
194C - Payment to Contractors
30000
2
1
20
Payment to Contractors - SingleTransaction
-
-
-
20
Payment to Contractors - Aggregate During FY
-
-
-
20
194C - Pay to Adv / Sub Contr
30000
2
1
20
194D - Insurance Commission
20000
10
10
194E - Payment to Non-Resident Sportsmen or Sports Association
-
-
-
-
- Applicable up to June 30, 2012
-
10
10
20
- Applicable from July 1, 2012
-
20
20
20
194EE - Payments out of deposits under NSS
2500
20
-
20
194F - Repurchase Units by MFs
1000
20
20
20
194G - Commission - Lottery
1000
10
10
20
194H - Commission / Brokerage
5000
10
10
20
194I - Rent - Land and Building
180000
10
10
20
194I - Rent - Plant / Machinery
180000
2
2
20
194J - Professional Fees
30000
10
10
20
194LA - Immovable Property
100000
10
10
20
194LB - Income by way of interest from infrastructure debt fund (non-resident)
-
5
5
20
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
20
195 - Other Sums
-
Average ratesas applicable
-
30
196B - Income from units

10
10
20
196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)
-
10
10
20
196D - Income of FIIs from securities
20
20
20
20
Keywords-tds threshold limit,tds rates for financial year 2012-13,tds rates for analysis year 2013-14,tax deduction at source rates,tds on salary,tds on rent

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1 comments:

  1. Nice for helping the people who are not as good to retrieve their TDS. If the people goes for the independent financial services, it just seems to be an easy way to understand the way it works. There is always a confusion about the threshold limit of Tax deduction at source(TDS). TDS rates and threshold limit for financial services are more complex them the previous year.

    ReplyDelete