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
|
1 Comments
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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