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TMI BlogRate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2012-13X X X X Extracts X X X X X X X X Extracts X X X X ..... S if the recipient is a foreign company and amount exceeds ₹ 1 Crore. 2. Education Cess No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary] 3% EC and SHEC (2% + 1%) on TDS in case of Salary 3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident 193 Interest on Specified Securities 10% ₹ 5,000 [Rs. 2,500 upto 30-6-2012] in case of Listed Debentures payable to resident individual or a Hindu undivided family, by a company in which public are substantially interested ₹ 10,000 in case of 8% Savings (Taxable) Bonds, 2003, ₹ 10,000 in cas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 194C Payment to Individuals and HUF 1% ₹ 30,000 per single contract or ₹ 75,000 in aggregate during the Finance Year No TDS on GTA if PAN number of the GTA is available 194C Payment to other contractors 2% ₹ 30,000 per single contract or ₹ 75,000 in aggregate during the Finance Year No TDS on GTA if PAN number of the GTA is available 194D Insurance Commission 10% ₹ 20,000 194E Payment to a non-resident foreign citizen sportsman or non resident sports associa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1. Self Declaration - Tax (TDS) is not deductible under section 193 , 194 , 194A , 194EE or 194K if the recipient makes a declaration in Form 15G / 15H under the provisions of section 197A . But, the person seeking to furnish Form 15G / 15H must have PAN number on or after 1.4.2010 2. Certificate from AO - Under Section 197 - A person can apply to AO and seek a certificate in Form 13 for no deduction of TDS or deduction of TDS at lower rates under sections192 , 193 , 194 , 194A , 194C , 194D , 194G , 194H [, 194-I , 194J , 194K , 194LA and 195 . 2. In case PAN of the deductee is not available than TDS rate will be 20% =================================== - Manuals - Ready re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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