Monday, October 31, 2016
Home Income Tax Income Tax Updates TDS tds rates for fy 2016-17

tds rates for fy 2016-17

tds rates for fy 2016_17, section: section 194 lb, section 193, section 196d, section 196c, section 196b, section 194 ld, section 194lc, section 194b, section 194e, section 194 lbc, section 194 lbb, section 194 lba, section 194 la, section 194j, section 194 ia, section 194i, section 194h, section 194g, section 194f, section 194ee, section 194da, section 194d, section 194c, section 194bb, section 194b, section 194a, section 194;



 INDIVIDUAL (RESIDENT)

Section: 192A (Click Here) 
Payment of accumulated balance of provident fund which is taxable in the hands of an employee (with effect from 01.06.2015).
TDS Rate: 10 %
Payment in Excess of:  Rs.50,000;
Note: Rs. 30,000/- till 31.5.2016

Section: 193 (Click Here)
Interest on securities
a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;
b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;
c) any security of the Central or State Government; 
d) interest on any other security
TDS Rate: 10 %
Payment in Excess of: Rs.10,000


Section: 194 (Click Here)
Dividend other than the dividend as referred to in Section 115-O
TDS Rate: 10 %
Payment in Excess of: Rs.2,500

 
Section: 194A (Click Here)
Income by way of interest other than "Interest on securities"
TDS Rate: 10 %
Payment in Excess of: Rs.10,000 (By Bank), Rs.5,000 (By Others)


Section: 194B (Click Here)
Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
TDS Rate: 30 %
Payment in Excess of: Rs.10,000

 
Section: 194BB (Click Here)
Income by way of winnings from horse races
TDS Rate: 30 %
Payment in Excess of: Rs.5,000
Note: Till 31.05.2016 Limit is : Rs.10,000

 
Section: 194C (Click Here)
Payment to contractor/sub-contractor
a) HUF/Individuals : TDS Rate: 1 % 
b) Others: TDS Rate: 2%
Payment in Excess of: 
Rs.30,000/- for single payment and Rs.1,00,000 for aggregate payment during Financial year
Note: Rs.7,500 for aggregate payment during Financial year upto 31.05.2016.

 
Section: 194D (Click Here)
Insurance commission
TDS Rate: 5 %
(Note: Till Assessment year: 2016-17: TDS Rate: 10%)
Payment in Excess of: Rs.20,000
Note: Rs. 15,000/- till 31.5.2016

 
Section: 194DA (Click Here)
Payment in respect of life insurance policy
TDS Rate: 1 %
(Note: Till 31-5-2016: TDS Rate: 2%)
 Payment in Excess of: Rs.100,000


Section: 194EE (Click Here)
Payment in respect of deposit under National Savings scheme
TDS Rate: 10 %
Note: Till 31-5-2016: TDS Rate: 20%)
Payment in Excess of: Rs.2,500

 
Section: 194F (Click Here)
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India
TDS Rate: 20 %
Payment in Excess of:No Minimum

 
Section: 194G (Click Here)
Commission, etc., on sale of lottery tickets
TDS Rate: 5 %
(Note: Till 31-5-2016: TDS Rate: 10%)
Payment in Excess of: Rs.15,000;
Note: Rs. 1,000/- till 31.5.2016


Section: 194H (Click Here)
Commission or brokerage
TDS Rate: 5%
(Note: Till 31-5-2016: TDS Rate: 10%)
Payment in Excess of: Rs.15,000;
Note: Rs. 1,000/- till 31.5.2016


Section: 194I (Click Here)
Rent
a) Plant & Machinery - TDS Rate: 2%
b) Land or building or furniture or fitting - TDS Rate: 10%
Payment in Excess of: Rs.180,000

 
Section: 194IA (Click Here)
Payment on transfer of certain immovable property other than agricultural land
TDS Rate: 1 %
Payment in Excess of: 50 Lacs

 
Section: 194J (Click Here)
Any sum paid by way of
a) Fee for professional services,
b) Fee for technical services
c) Royalty,
d) Remuneration/fee/commission to a director or
e) For not carrying out any activity in relation to any business
f) For not sharing any know-how, patent, copyright etc.
TDS Rate: 10 %
Payment in Excess of: Rs.30,000

 
Section: 194LA (Click Here)
Payment of compensation on acquisition of certain immovable property
TDS Rate: 10 %
Payment in Excess of: Rs.250,000;
Note: Rs. 200,000/- till 31.5.2016

 
Section: 194 LBA(1) (Click Here)
Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.
TDS Rate: 10 %
Payment in Excess of: No Minimum

 
Section: 194 LBB (Click Here)
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]
TDS Rate: 10 %
Payment in Excess of: No Minimum


Section: 194 LBC (Click Here)
Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)
TDS Rate: 25% in case of Individual or HUF 30% in case of other person.
Payment in Excess of: No Minimum

 
Any Other Income: 
TDS Rate: 10% :
Payment in Excess of: No Minimum


INDIVIDUAL (NON - RESIDENT)


Section: 192A (Click Here)
Payment of accumulated balance of provident fund which is taxable in the hands of an employee.
TDS Rate: 10 %
Payment in Excess of: Rs.50,000;
Note: Rs. 30,000/- till 31.5.2016

Section: 194B (Click Here)
Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
TDS Rate: 30 %
Payment in Excess of: Rs.10,000

Section: 194BB (Click Here)
Income by way of winnings from horse races
TDS Rate: 30 %
Payment in Excess of: Rs.5,000;
Note: Rs. 10,000/- till 31.5.2016

Payment to non-resident sports association
TDS Rate: 20 %


Payment in respect of deposit under National Savings scheme
TDS Rate: 10 %
Note: Till 31-5-2016: TDS Rate: 20%)
Payment in Excess of: Rs.2500 in Financial year


Section: 194F (Click Here)
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India
TDS Rate: 20 %


Section: 194G (Click Here)
Commission, etc., on sale of lottery tickets
TDS Rate: 5 %
(Note: Till 31-5-2016: TDS Rate: 10%)
Payment in Excess of: Rs.1,000 in Financial year


Section: 194 LB (Click Here)
Payment of interest on infrastructure debt fund
TDS Rate: 5 %


Section: 194 LBA(2) (Click Here)
Business trust shall deduct tax while distributing any interest income received or receivable by it from a SPV to its unit holders.
TDS Rate: 5 %

Section: 194 LBA(3) (Click Here)
Business trust shall deduct tax while distributing any income received from renting or leasing or letting out any real estate asset owned directly by it to its unit holders
TDS Rate: 30 %


Section: 194 LBB (Click Here)
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]
TDS Rate: 30 %
(Note: Till 31-5-2016: TDS Rate: 10%)

Section: 194 LBC (Click Here)
Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)
TDS Rate: 30 %


Section: 194 LC (Click Here)
Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)
TDS Rate: 5 %


Section: 194 LD (Click Here)
Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor
TDS Rate: 5 %


Section: 195 (Click Here)
Payment of any other sum to a Non-resident


Section: 196B (Click Here)
Income from units (including long-term capital gain on transfer of such units) to an offshore fund
TDS Rate: 10 %


Section: 196C (Click Here)
Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)
TDS Rate: 10 %


Section: 196D (Click Here)
Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)
TDS Rate: 20 %



DOMESTIC COMPANY / FIRM

Section: 193 (Click Here)
Interest on securities
a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;
b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;
c) any security of the Central or State Government;
d) interest on any other security
TDS Rate: 10 %
Payment in Excess of: Rs.10,000


TDS Rate: 10 %
Payment in Excess of: Rs.2,500

 
Section: 194A (Click Here)
Income by way of interest other than "Interest on securities"
TDS Rate: 10 %
Payment in Excess of: Rs.10,000 (By Bank), Rs.5,000 (By Others)

 
Section: 194B (Click Here)
Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
TDS Rate: 30 %
Payment in Excess of: Rs.10,000
Section: 194BB (Click Here)
Income by way of winnings from horse races
TDS Rate: 30 %
Payment in Excess of: Rs.5,000;
Note: Rs. 10,000/- till 31.5.2016

 
Section: 194C (Click Here)
Payment to contractor/sub-contractor
a) HUF/Individuals : TDS Rate: 1 % 
b) Others: TDS Rate: 2%
Payment in Excess of: 
Payment in Excess of: 
Rs.30,000/- for single payment and Rs.1,00,000 for aggregate payment during Financial year
Note: Rs.7,500 for aggregate payment during Financial year upto 31.05.2016.


Section: 194D (Click Here)
Insurance commission
TDS Rate: 5 %
(Note: Till Assessment year: 2016-17: TDS Rate: 10%)
Payment in Excess of: Rs.20,000;
Note: Rs. 15,000/- till 31.5.2016
 

Section: 194DA (Click Here)
Payment in respect of life insurance policy
TDS Rate: 1 %
(Note: Till 31-5-2016: TDS Rate: 2%)
Payment in Excess of: Rs.100,000

 
Section: 194EE (Click Here)
Payment in respect of deposit under National Savings scheme
TDS Rate: 10 %
Note: Till 31-5-2016: TDS Rate: 20%)
Payment in Excess of: Rs.2,500
 

Section: 194F (Click Here)
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India
TDS Rate: 20 %
Payment in Excess of: No Minimum


Section: 194G (Click Here)
Commission, etc., on sale of lottery tickets
TDS Rate: 5 %
(Note: Till 31-5-2016: TDS Rate: 10%)
Payment in Excess of: Rs.15,000;
Note: Rs. 1,000/- till 31.5.2016
 

Section: 194H (Click Here)
Commission or brokerage
TDS Rate: 5%
(Note: Till 31-5-2016: TDS Rate: 10%)
Payment in Excess of: Rs.15,000;
Note: Rs. 5,000/- till 31.5.2016


Section: 194I (Click Here)
Rent
a) Plant & Machinery - TDS Rate: 2%
b) Land or building or furniture or fitting - TDS Rate: 10%
Payment in Excess of: Rs.180,000

 
Section: 194IA (Click Here)
Payment on transfer of certain immovable property other than agricultural land
TDS Rate: 1 %
Payment in Excess of: 50 Lacks
 

Section: 194J (Click Here)
Any sum paid by way of
a) Fee for professional services,
b) Fee for technical services
c) Royalty,
d) Remuneration/fee/commission to a director or
e) For not carrying out any activity in relation to any business
f) For not sharing any know-how, patent, copyright etc.
TDS Rate: 10 %
Payment in Excess of: Rs.30,000
 
 
Section: 194LA (Click Here)
Payment of compensation on acquisition of certain immovable property
TDS Rate: 10 %
Payment in Excess of: Rs.250,000;
Note: Rs. 200,000/- till 31.5.2016
 

Section: 194 LBA(1) (Click Here)
Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.
TDS Rate: 10 %
Payment in Excess of: No minimum
 

Section: 194 LBB (Click Here)
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]
TDS Rate: 10 %
Payment in Excess of: No minimum
 

Section: 194 LBC (Click Here)
Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)
TDS Rate: 10%
Payment in Excess of: No minimum

 
Any Other Income: 
TDS Rate: 10% :
Payment in Excess of: No Minimum


FOREIGN COMPANY

Section: 194B (Click Here)
Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
TDS Rate: 30 %



Section: 194BB (Click Here)
Income by way of winnings from horse races
TDS Rate: 30 %


Payment to non-resident sports association
TDS Rate: 20 %


Section: 194G (Click Here)
Commission, etc., on sale of lottery tickets
TDS Rate: 5 %
(Note: Till 31-5-2016: TDS Rate: 10%)

Payment of interest on infrastructure debt fund
TDS Rate: 5 %


Section: 194 LBA(2) (Click Here)
Business trust shall deduct tax while distributing any interest income received or receivable by it from a SPV to its unit holders.
TDS Rate: 5 %


Section: 194 LBA(3) (Click Here)
Business trust shall deduct tax while distributing any income received from renting or leasing or letting out any real estate asset owned directly by it to its unit holders
TDS Rate: 40 %

 
Section: 194 LBB (Click Here)
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]
TDS Rate: 40 %
(Note: Till 31-5-2016: TDS Rate: 10%)


Section: 194 LBC (Click Here)
Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)
TDS Rate: 40%


Section: 194 LC (Click Here)
Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)
TDS Rate: 5 %


Section: 194 LD (Click Here)
Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor
TDS Rate: 5 %
Payment of any other sum to a Non-resident


Section: 196B (Click Here)
Income from units (including long-term capital gain on transfer of such units) to an offshore fund
TDS Rate: 10 %


Section: 196C (Click Here)
Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)
TDS Rate: 10 %


Section: 196D (Click Here)
Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)
TDS Rate: 20 %
Posted by at 1:23 PM
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1 comments:

  1. AbhishekDecember 10, 2016 at 12:35 PM

    Informative post.
    For Filing TDS return online | TaxRaahi India's top portal for TDS return filing.

    ReplyDelete

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