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» Rates of TDS

RATES OF TAX DEDUCTED AT SOURCE FOR THE ASSESSMENT YEAR 2014-15
 

Section

 

Particulars

Limit upto 30.06.2012

(Rs.)

Limit with effect from 01.07.2012 (Rs.)

TDS Rate

 

(%)

192 TDS on Salary Income
1,80,000
2,00,000 For AY 2014-15
As Tax Slab
194A Interest other than interest on securities
5,000
5,000
10%
194B TDS on Winning from Gambling, Lotteries, Prize Award Money
10,000
10,000
30%
194C Payment to contractor / sub-contractor (Note 1, 2, & 3)
 
 
  Payment / Credit to an Individual / HUF
20,000
30,000
1%
  Payment / Credit to any person other than an Individual /HUF
20,000
30,000
2%
194D Insurance Commission
20,000
20,000
10%
194H Commission or Brokerage
2,500
5,000
10%
194I Rent:
Plant & machinery
Land / Building / Furniture & Fittings
1,20,000
1,20,000
1,80,000
1,80,000
2%
10%
194IA TDS on Sale Purchase of Immovable Property
-
Rs 50 Lakhs
1%
194LA TDS on Compensation Acquisition of Immovable Property
-
Rs 2 Lakhs
10%
194J Fees for professional or Technical services (2a & 2b)
20,000
30,000
10%
194E Payment to NRI Sports Person
 
-
20%
195 Payment to Non Resident
 
10-30%

  1. For Bank/ Post Office threshold limit is Rs. 10,000/-.
  2. Rs. 30,000/- in a single payment or Rs. 75,000/- in the aggregate during financial year If recipient does not furnish his PAN deductor, tax will be deducted @ 20% (with effect from 01/04/2010).
  3. If recipient is a transporter contractor (any person) and he or it furnishes his PAN to the deductor, tax is not deductible  (with effect from 01/10/2009) (PAN intimated to Income Tax Department).
  4. Tax is deductible on the entire consideration   including service tax (if any).
  5. Remuneration paid to a director, which is not in the nature of salary, deduct TDS @10% of such remuneration with effect from 01/07/2012.

Rate for Tax Collected at Source for assessment year 2014-15.

Section Particulars
Limit
(Rs.)
TDS Rate
(%)
206C(1D) Bullion (excluding any coin or any other article weighing ten grams or less)
2,00,000

1%

206C(1D) Jewellery
5,00,000
1% 
 
Important Link
PAN application flow chart
TDS
IEC CODE tax registration IEC CODE
INDIVIUAL REQUIRMRNT
service tax registration
VAT

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