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    Jul 16, 2014

    TDS rates for FY 2014-15 and AY 2015-16

    Recent budget made some modification in TDS rates as some new income sources attract TDS. So TDS rate list for financial year 2014-15 relevant to analysis year 2015-16 is as under.

    In the case of a person other than a company—

    (a) where the person is resident in India—

    (i) on income by way of interest other than “Interest on securities”
    10%
    (ii) on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
    30%
    (iii) on income by way of winnings from horse races
    30%
    (iv) on income by way of insurance commission
    10%
    (v) on income by way of interest payable on—
    10%
    (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;

    (vi) on any other income
    10%
    (b) where the person is not resident in India—

    (i) in the case of a non-resident Indian—

    (A) on any investment income
    20%
    (B) on income by way of long-term capital gains referred to in section 115E or sub-clause (iii) of clause (c) of sub-section (1) of section 112
    10%
    (C) on income by way of short-term capital gains referred to in section 111A
    15%
    (D) on other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of section 10]
    20%
    (E) on income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in section 194LB or section194LC)
    20%
    (F) on income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to
    in the first proviso to sub-section (1A) of section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of section 115A of the Income-tax Act, to a person residentin India
    25%
     (G) on income by way of royalty [not being royalty of the nature referred to in sub-tem (b)(i)(F)] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central
    Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy
    25%
    (H) on income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter
    included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy
    25%
    (I) on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
    30%
    (J) on income by way of winnings from horse races
    30%
    (K) on the whole of the other income
    30%
     www.taxalertindia.com

    (ii) in the case of any other person—

    (A) on income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in section 194LB or section 194LC)
    20%
    (B) on income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to
    in the first proviso to sub-section (1A) of section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of section 115A of the Income-tax Act, to a person resident in India
    25%
    (C) on income by way of royalty [not being royalty of the nature referred to in sub-item (b)(ii)(B)] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and
    where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the
    agreement is in accordance with that policy
    25%
    (D) on income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian
    concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy
    25%
    (E) on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
    30%
    (F) on income by way of winnings from horse races
    30%
    (G) on income by way of short-term capital gains referred to in section 111A
    15%
    (H) on income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-section (1) of section 112
    10%
    (I) on income by way of other long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of section 10]
    20%
    (J) on the whole of the other income
    30%
    www.taxalertindia.com

    2. In the case of a company—

    (a) where the company is a domestic company—

    (i) on income by way of interest other than “Interest on securities”
    10%
    (ii) on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
    30%
    (iii) on income by way of winnings from horse races
    30%
    (iv) on any other income
    10%
     www.taxalertindia.com

    (b) where the company is not a domestic company—

    (i) on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
    30%
    (ii) on income by way of winnings from horse races
    30%
    (iii) on income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in section 194LB or section194LC)
    20%
    (iv) on income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 31st day of March, 1976 where such royalty is in consideration
    for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of
    section 115A of the Income-tax Act, to a person resident in India
    25%
    (v) on income by way of royalty [not being royalty of the nature referred to in sub-item (b)(iv)] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where
    such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy—

    (A) where the agreement is made after the 31st day of March, 1961 but before the 1st day of April, 1976

    50%
    (B) where the agreement is made after the 31st day of March, 1976
    25%
    www.taxalertindia.com

    (vi) on income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy—

    (A) where the agreement is made after the 29th day of February, 1964 but before the 1st day of April, 1976
    50%
    (B) where the agreement is made after the 31st day of March, 1976
    25%
    (vii) on income by way of short-term capital gains referred to in section 111A
    15%
    (viii) on income by way of long-term capital gains referred to in sub-clause (iii) of
    clause (c) of sub-section (1) of section 112
    10%
    (ix) on income by way of other long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of section 10]
    20%
    (x) on any other income
    40%

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