TDS chart

vipul jain (EFFORTS NEVER FAIL) (2894 Points)

17 September 2011  

FAST TRACK------PROVISIONS RELATING TO TDS

REVISION TIME

SECTION NATURE OF PAYMENT PERSON RESPONSIBLE TO DEDUCT TAX RECIPIENT TIME OF DEDUCTION RATE OF TDS MAXIMUM AMOUNT UP TO WHICH TAX SHALL NOT BE DEDUCTED
192 Salary Employer Employee At the time of payment Average rate of tax Basic exemption limit
193 Interest on securities Payer of interest on securities Resident person At the time of payment or crediting the payee,, whichever is earlier 10%

Rs. 2500 (subject to certain conditions)
194 Dividend u/s 2(22)(e) Domestic company Resident person At the time of payment 10% Rs. 2500 (subject to certain conditions)
194A Interest other than interest on securities Any person other than individual and HUF whose accounts are not required to be audited during immediately preceding previous year Resident person At the time of payment or crediting the payee,, whichever is earlier 10%

Rs. 5000 (subject to certain conditions)

Rs. 10000 in case of Payment by bank
194B Winnings from lottery, crossword puzzles or card game & other game of sort Any person paying such income Any person At the time of payment 30%

w.e.f. 1-07-2010== up to10000

earlier up to 30-06-2010==5000
194BB Winning from horse races Any person paying such income Any person At the time of payment 30%

w.e.f. 1-07-2010== up to5000

earlier up to 30-06-2010==2500
194C Payment of contractor for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and a specified person Any specified person including individual and HUF whose accounts are required to be audited  during immediately previous year Resident contractor ( "contractor shall include sub-contract...Hence, contractor shall include sub-contractor)  At the time of payment or crediting the payee,, whichever is earlier

1%, if payee is an individual or HUF

2%, if payee is any other person 

w.e.f. 1-07-2010:-

  • Up to 30,000/- ( for an individual contract)

  • Aggregate up to75,000 for each payee.
  • Payment in course of business of plying, hiring, or leasing goods carriage, if PAN furnished

Earlier up to 30-06-2010:--

Rs. 20000 &50000 respectively)
194D Insurance commission Any person Resident At the time of payment or crediting the payee,, whichever is earlier 10%

w.e.f. 1-07-2010== up to20000

earlier up to 30-06-2010==5000
194E Payment to sports person Any person paying specified income Non- resident foreign citizen sportsman or sports association At the time of payment or crediting the payee,, whichever is earlier 10% Nil
194G commission eic. on sale of lottery tickets  Any person paying commission on lottery tickets Any person At the time of payment or crediting the payee,, whichever is earlier 10% Up to10,000
194H commession (other than insurance) Any person other than individual and HUF whose accounts are not required to be audited during immediately preceding previous year Resident person At the time of payment or crediting the payee,, whichever is earlier 10%

w.e.f. 1-07-2010== up to5000

earlier up to 30-06-2010==2500
194I Rent Any person other than individual and HUF whose accounts are not required to be audited during immediately preceding previous year Resident person At the time of payment or crediting the payee,, whichever is earlier

Rent for use of any machinery or plant or equipment :-- 2%

Any other case :-- 10%

w.e.f. 1-07-2010== up to1,80,000 during a financial year

earlier up to 30-06-2010==1,20,000
194J Professioanl or technical services  Any person other than individual and HUF whose accounts are not required to be audited during immediately preceding previous year Resident person At the time of payment or crediting the payee,, whichever is earlier 10%

w.e.f. 1-07-2010== up to30,000 during a financial year for each kind of payment separately

earlier up to 30-06-2010==20,000
194LA compensation for compulsory acquisition of immovable prop.( other than agro land) Any person responsible for such payment Resident At the time of payment in cash or by cheque or draft or by other mode, whichever is earlier 10% Up to1,00,000 during a financial year
195 Any sum ( other than income taxable as 'salary') Any person
  • Non- resident

  • Foreign company
 At the time of payment or crediting the payee,, whichever is earlier As specifies by the Finance Act Nil
196B LTCG on units referred u/s 115AB Any person responsible for payment reffered in sec. 115AB An offshore Fund At the time of payment or crediting the payee,, whichever is earlier 10% Nil
196C Interest or LTCG on Bonds or GDRs referred u/s 115AC Any person responsible for payment reffered in sec. 115AC Non-Resident At the time of payment or crediting the payee,, whichever is earlier 10% Nil
196D Income for securities reffered u/s 115AD(1)(a) Any person responsible for payment reffered in sec. 115AD(1)(a) Foreign Institutional Investor At the time of payment or crediting the payee,, whichever is earlier 20% Nil



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