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TDS Rate Chart for FY 2017-18 (AY 2018-19)

Payer
Nature of
payment/income
Type of payee
Rate of TDS
Comments
192
Employer
Salary
Employee
As per the Slab Rate
(30% if no Valid PAN)
192A
The Trustees of EPF Scheme or any person
authorized under the scheme
Accumulated PF Balance Due to Employees
Deducted when amount is paid more than Rs. 50,000/-
Employee
10% if PAN is furnished otherwise 30% if no
Valid PAN
Premature Withdrawl from EPF. Clause is
Applicable from 01/06/2015
193
Any Person
Interest on Securities more than Rs. 5000,
(Rs. 10,000 for 8% savings (Taxable) bonds, 2003 ), TDS is deducted on Credit
or Payment Whichever is earlier.
All Resident (Individuals & Other than
Individual Both)
10%
Securities includes Listed & Unlisted debentures
issued by companies in which public is substantially interested.
194
Domestic Company
Dividend More than Rs. 2500. TDS is
deducted at the time of Payment
Resident shareholder
10% otherwise 20% if no Valid PAN
Dividend other than the dividend as
referred to in Section 115-O
194A
Any Person other than Individual or HUF.
For Individual/HUF/AOP/BOI/, who are subject to Tax audit u/s 44 AB during
the last previous year.
Any Interest Other than Interest on
securities more than Rs. 5,000 (Rs. 10,000 in case of banking companies,
Co-operative Soceity and deposits with post office)TDS is deducted on Credit
or Payment Whichever is earlier.
Any Resident
10% otherwise 20% if no Valid PAN
It shall not apply to income paid by way of
interest on the compensation amount awarded by the Motor Accidents Claims
Tribunal where the amount of such income does not exceed Rs. 50000/- and
further TDS on interest payment on compensation amount awarded by Motor
Accident Claim Tribunal is deductible at the time of payment instead of
accrual
194B
Any Person
Winning from lottery or crossword puzzle or
card game and other game of any sort exceeding Rs. 10,000 . TDS is deducted
at the time of Payment
Any Person
30%
194BB
Book Maker or person holding a license for
horse racing, wagering, betting in any race course
Winning from Horse Race exceeding Rs.
10,000. TDS is deducted at the time of Payment
Any Person
30%
Winning from Lotteries
10,000/-
HORSE RACE
10,000/-
194C
Central or State Govt. , Local Authority,
Central/State or Provincial Corp., Company, Co-operative Society, Housing
Board, Trust or University, Firm, Any foreign Govt. or a Foreign enterprise
or any Association or Body established outside India.
Individual/HUF/AOP/BOI/, who are subject to Tax audit u/s 44 AB during the
last previous year.
Single sum credited or paid exceeding Rs.
30,000 (or) Aggregate of sum credited or paid exceeding Rs. 1,00,000. TDS is
deducted on Credit or Payment Whichever is earlier.
Any resident contractor for carrying out
any work including supply of Labour
In case of Individuals/HUF/Payees-1% Other
Payees-2%
20% if no Valid PAN
194D
Any Person
Insurance Commission exceeding Rs. 15,000
Any resident person
10%
In order to reduce compliance burden in the
case of Individuals and HUFs, it is proposed to amend section 197A so as to
make them eligible for filing self-declaration in Form.No.15G/15H for
non-deduction of tax at source in respect insurance commission referred to in
section 194D. This amendment will take effect from 1st June, 2017.
194DA
Any Person
Life insurance Policy including bonus,
exceeding Rs. 1 Lac. TDS is deducted at the time of Payment
Any resident
2%
194E
Any Person
Income for participation in any game or
sport in India, income by way of advertisement, income by way of remuneration
for articles on sports etc. Guaranted sum in relation to any game or sport
played in India.
Any non-resident sportsmen or entertainer
whois not a citizen of India and any non resident association or institution
20%
(20% if no Valid PAN)
TDS is deducted on Credit or Payment
Whichever is earlier.
194EE
Any Person
Any sum out of national savings scheme
account exceeding Rs. 2,500. TDS is deducted at the time of Payment.
Any Person
10%
(20% if no Valid PAN)
194F
Any Person
Paying any amount on account of repurchase
of units covered u/s 80CCB.
Any Person
20%
(20% if no Valid PAN)
194G
Any Person
Commission, remuneration or price exceeding
Rs. 15,000/-. TDS is deducted on Credit or Payment Whichever is earlier.
Any Person stocking , distributing
,purchasing or selling lottery tickets
5%
(20% if no Valid PAN)
194H
Any Person. For Individual/HUF/AOP/BOI/,
who are subject to Tax audit u/s 44 AB during the last previous year.
Commssioin or brokerage exceeding Rs.
15,000/-. TDS is deducted on Credit or Payment Whichever is earlier.
Any Resident
5%
(20% if no Valid PAN)
194i(a)
Any Person. For Individual/HUF/AOP/BOI/,
who are subject to Tax audit u/s 44 AB during the last previous year.
Rent for Plant & Machinery- Exceeding
Rs. 180,000 p.a TDS is deducted on Credit or Payment Whichever is earlier.
Any Resident
2%
(20% if no Valid PAN)
194I(b)
Any Person. For Individual/HUF/AOP/BOI/,
who are subject to Tax audit u/s 44 AB during the last previous year.
Rent for Immovable Property- Exceeding Rs.
180,000 p.a TDS is deducted on Credit or Payment Whichever is earlier.
Any Resident
10%
(20% if no Valid PAN)
194IA
Any Person
Consideration for the transfer of immovable
property other than agricultural land exceeding Rs. 50 Lacs (other than
compulsory acquistions)
Any Resident
1%
(20% if no Valid PAN)
194IC
Any Person
Payment of Consideration (not being in
kind) under Joint Development Agreement or other similar agreement
Any Resident
Threshold limit Rs. Nil TDS to be deducted
@ 10% (Applicable from 01.04.2017)
At the time of credit or payment, whichever
is earlier.
194J
Any Person. For Individual/HUF/AOP/BOI/,
who are subject to Tax audit u/s 44 AB during the last previous year.
Fees for professional or technical
services, royalty, non compete fee etc. exceeding Rs. 30,000 each in a year.
Only in case of compay any remuneration, fees or commision to a Director. TDS
is deducted on Credit or Payment Whichever is earlier.
Any Resident
10%
2% in case of payments received or credited
to a payee, being a person engaged only in the business of operation of call
center wef 01.06.2017. (20% if no Valid PAN)
194LA
Any Person
Acquisition of certain immovable property
other than agricultural land wher compensation exceed Rs. 2,50,000/-. TDS is
deducted at the time of Payment
Any Resident
10%
At the time of credit or payment whichever
is earlier.
194LB
Infrastructure Debt Fund refered to u/s 10
(47)
Interest .TDS is deducted on Credit or
Payment Whichever is earlier.
Non resident or Froeign company
5%
194LBA
Business Trust
Income in the nature referred to Sec.
10(23C). TDS is deducted on Credit or Payment Whichever is earlier.
Resident and Non resident
For resident -10%, For non resident – 5%
194LC
Indian Company/Business Trust
Income by way of Interest from Indian
Company/business trust. TDS is deducted on Credit or Payment Whichever is
earlier.
Non resident or Froeign company
5%
194LD
Any Person
Income by way of Interest on certain bonds
and government securities.
FII/QFI
5%
195
Any Person
Any interest or any sum chargeable as
income ( other than salary). TDS is deducted on Credit or Payment Whichever
is earlier.
Any non-resident other than company or
Foreign company
As specified by finance act or under an
agreement u/s 90 or 90A
We will discuss on few criteria of payments
made under this section seperately on Our BLOG.
196A
Any Person
Foreign comp unit holder of MF
Non resident or Froeign company
10 % In case of a Company.
20% in case of Non-Co.
At the time of credit or payment whichever
is earlier.
196B
Any Person
Income in respect of units referred in
section 115AB purchased in foreign currency or income by way of long term
capital gains from tranfer of such units
Any offshore fund
10%
196C
Any Person
Income by way of interest on bonds and
dividend from shares purchased in foreign currency u/s 115AC or long term
capital gains arising on transfer on bonds or GDRs. TDS is deducted on Credit
or Payment Whichever is earlier.
Any non resident person
10%
196D
Any Person
Income from securities referred in section
115AD (1)(a) (not being dividend short term or long term capital gain) and
not being referred in section 194LD.
Any Foreign Institurional Investor
20%
* Surcharge, education cess and secondary
and higher education cess will be added to the above tax rate, as applicable.
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Disclaimer: 
The contents of this document are solely for informational purpose. It does not constitute professional advice or a formal recommendation. While due care has been taken in preparing this document, the existence of mistakes and omissions herein is not ruled out. The author does not accept any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this document nor for any actions taken in reliance thereon. No part of this document should be distributed or copied without express written permission of the author.



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