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    Jun 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

    1 comment:

    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.

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