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TMI BlogRate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2016-17X X X X Extracts X X X X X X X X Extracts X X X X ..... mpany exceeds ₹ 1 Crore. 2% Surcharge on TDS if the recipient is a foreign company and amount exceeds ₹ 1 Crore to ₹ 10 Crore. In case of more than ₹ 10 Crore, 5% surcharge is applicable. 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 192A Payment of accumulated balance due of Employee s Provident fund scheme to employees 10% ₹ 30,000 193 Interest on Specified Securities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7; 5,000/- in any other case 194B Winning from Lotteries 30% ₹ 10,000 194BB Winning for horse race 30% ₹ 5,000 194C Payment to Individuals and HUF 1% ₹ 30,000 per single contract or ₹ 75,000 in aggregate during the Financial Year No TDS on GTA if contractor owns ten or less goods carriage at any time during the previous year PAN number of the GTA is available [Amended w.e.f.01-6-2015] 194C Payment to other contractors 2% ͅ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rent on land, building or furniture 10% ₹ 1,80,000 194I Rent on plant, machinery or equipment 2% ₹ 1,80,000 194IA Payment / credit of consideration to a resident transferor for transfer of immovable property (other than rural agricultural land) [w.e.f. 1.6.2013] 1% ₹ 50,00,000 194J Fees for Professional / Technical services / royalty 10% ₹ 30,000 for each services 194J Any remuneration, Fees or Commission to a director [w.e.f. 1.7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing long-term infrastructure bond, between 1.7.2012 to 30.6.2017, ] 194LD Interest on Bonds / Government Securities payable to a foreign institution investor or a qualified foreign investor [Rate+ SC+EC+SHEC] 5% Interest payable after 31.5.2013 but before 1.7.2017 [amended w.e.f.01-6-2015] 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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