Rates of TDS
TDS / TCS RATES FOR F.Y.2018-19
| Section | Nature of Payment | Threshold Limit of Payment | 01-04-2018 to 31-03-2019 | |||
| 192 |
Income from Salary |
Senior Citizen (60 Years) |
Rs. 3,00,000 |
Average rate of Tax + Health & Education Cess (Surcharge if Salary > 50 Lacs) | ||
|
Super Senior Citizen (80 Years) |
Rs. 5,00,000 | |||||
| Others | Rs. 2,50,000 | |||||
| 192A | Premature Withdrawal
from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum
Mariginal Rate of 34.608%) |
Rs.
50,000 |
10% | |||
| 193 |
* Interest on Securities |
Rs. 5,000 | 10% | |||
| 194A |
Interest from a Banking Company |
Rs. 10,000 per annum /Rs. 50,000 per annum for Senior citizen | 10% | |||
| 194A |
Interest other than from a Banking Company |
Rs. 5,000 per annum | 10% | |||
| 194B |
Winning from Lotteries & Cross Word Puzzles |
Rs. 10,000 per annum | 30% | |||
| 194BB | Winnings from horse races | Rs. 10,000 per annum | 30% | |||
| 194C |
Transporters with valid PAN & to whom 44AE applicable |
- | 0% | |||
| 194C | Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters) | Rs.30,000
per contract (or) Rs. 1,00,000 per annum |
Individual/HUF 1% Others 2% | |||
| 194D | Insurance Commision | Rs.
15,000 |
Resident:5% Domestic Company:10% |
|||
| 194DA |
Payment under life insurance policy (including Bonus) |
Rs.99,999 per annum | 1% | |||
| 194E |
Non-resident Sportman or Sports Association |
- |
20% | |||
| 194EE |
Out of deposit under NSS |
Rs.2,499 |
|
|||
| 194G |
Commission on Sale of Lottery Tickets |
Rs.
15,000 |
5% | |||
| 194H | **Commission/Brokerage | Rs.
15,000 per annum |
5% | |||
| 194-I | **Rent on Plant / Machinery | Rs. 1,80,000 per annum | 2% | |||
| 194-I |
**Land or building or furniture or fitting |
Rs. 1,80,000 per annum | 10% | |||
| 194-IA | Payment or transfer of Non -agricultural immovable property | Rs. 50,00,000 & above | 1% | |||
| 194-IB |
Rent
payable by an individual or HUF not covered u/s. 194I |
Rs.50,000
per month |
5% |
|||
| 194-IC |
Payment of monetary consideration under Joint Development Agreements |
- |
10% | |||
| 194J | Fees for Professional / Technical Services | Rs. 30,000 per annum | 2% (For Call Centre) | |||
| 10%
(For Others) |
||||||
| 194LA |
Compulsory Acquisition of immovable Property | Rs.
2,50,000 |
10% | |||
| 194LBB | Investment fund paying an income to a unit holder |
- |
10% Non-Resident 30% Foreign Company 40% |
|||
| 194LBC | Income in respect of investment made in a securitisation trust |
- |
Individual or HUF 25% Other 30% Foreign Company 40% |
|||
* Only for
Debenture in which the public are substantially interested
|
||||||
| 206C |
Scrap |
- |
1.00% | |||
| 206C |
Tendu Leaves |
- |
5.00% | |||
| 206C |
Timber obtained under a forest lease or other mode |
- |
2.50% | |||
| 206C |
Any other forest produce not being a Timber or tendu leave |
- |
2.50% | |||
| 206C |
Alcoholic Liquor for Human Consumption |
- |
1.00% | |||
| 206C |
Packing lot, toll plaza, mining & quarrying |
- |
2.00% | |||
| 206C | Purchase of coal lignite, Iron ore by a trader | - | 1.00% | |||
| 206C | Sale Value of Motor vehicle whether in cheque or in any other mode of receipt | Exceeding Rs. 10 Lakhs per transaction | 1.00% | |||
Notes
1. Surcharges & Education Cess
| Type of Payment | Surcharge |
Rate | Health and Education Cess (4.00%) |
| Salary (Resident & Non- resident) | Upto 50 Lacs |
Nil | Yes |
| 50 Lacs to 1 Crore | 10% | ||
| Salary (Resident
& Non- resident) |
> 1 Crore |
15% |
Yes |
| Other Payments to Residents | No | Nil | No |
| Other Payments to Non-Residents | |||
| Payment to Non-Residents (other than Cos) | Upto 1cr | Nil | Yes |
| > 1 Crore | 15% | ||
| Payments to Foreign Co. | Upto 1cr | Nil | Yes |
| > 1 Crore | 2% | ||
| > 10 Crores | 5% |
Interest on delay in deposit of tax after deduction
| Stage of deduction |
Rate per month or part of the month |
|
From date when deductible till actual deduction |
1.00% |
|
From date of deduction till payment |
1.50% |