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| Sr. No. | Section | Nature of Payment | Threshold Limit of Payment |
01-04- 2017 to 31-05- 2017 |
01-06- 2017 onwards | |
|---|---|---|---|---|---|---|
| 1 | 192 |
Income from Salary |
Senior Citizen (60 Years) |
Rs. 3,00,000 | Average rate of Tax + Education Cess (Surcharge if Salary > 50 Lacs) |
Average rate of Tax + Education Cess (Surcharge if Salary > 50 Lacs) |
|
Super Senior Citizen (80 Years) |
Rs. 5,00,000 | |||||
| Others | Rs. 2,50,000 | |||||
| 2 | 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% | 10% | |
| 3 | 193 |
* Interest on Securities |
Rs. 5,000 |
10% | 10% | |
| 4 | 194A |
Interest from a Banking |
Rs. 10,000 per annum |
10% | 10% | |
| 5 | 194A |
Interest other than |
Rs. 5,000 per annum |
10% | 10% | |
| 6 | 194B |
Winning from Lotteries & |
Rs. 10,000 per annum |
30% | 30% | |
| 7 | 194C |
Transporters with valid PAN & |
- |
0% | 0% | |
| 8 | 194C |
Payment to Contractors; |
Rs.30,000 per contract |
Individual/HUF 1% Others 2% |
Individual/HUF 1% Others 2% |
|
|
Rs. 1,00,000 per annum |
||||||
| 9 | 194D |
Insurance Commision |
Rs. 15,000 |
Resident:5% Domestic Company:10% |
Resident:5% Domestic Company:10% |
|
| 10 | 194DA |
Payment under life insurance policy |
Rs.99,999 per annum |
1% | 1% | |
| 11 | 194E |
Non-resident Sportsman |
- | 20% | 20% | |
| 12 | 194EE |
Out of deposit under |
Rs.2,499 | Individual or HUF 10% Other NA |
Individual or HUF 10% Other NA |
|
| 13 | 194G |
Commission on Sale |
Rs. 15,000 |
5% | 5% | |
| 14 | 194H |
**Commission/Brokerage |
Rs. 15,000 per annum |
5% | 5% | |
| 15 | 194-I |
**Rent on Plant / |
Rs. 1,80,000 per annum | 2% | 2% | |
| 16 | 194-I |
**Land or building or |
Rs. 1,80,000 per annum | 10% | 10% | |
| 17 | 194-IA |
Payment or transfer of Non -agricultural |
Rs. 50,00,000 & above | 1% | 1% | |
| 18 | 194-IB |
Rent payable by an individual or |
Rs.50,000 per month | - | 5% | |
| 19 | 194J |
Fees for Professional |
Rs. 30,000 per annum |
10% | 2% (For Call Centre) 10% (For Others) | |
| 20 | 194LA |
Compulsory Acquisition of |
Rs. 2,50,000 | 10% | 10% | |
| * Only for Debenture in which the public are substantially interested ** Other than Individual or HUF except those covered u/s 44AB |
||||||
|
TCS Rates |
||||||
| 21 | 206C |
Scrap |
– |
1.00% | 1.00% | |
| 22 | 206C |
Tendu Leaves |
– |
5.00% | 5.00% | |
| 23 | 206C |
Timber obtained |
– |
2.50% | 2.50% | |
| 24 | 206C |
Any other forest |
– |
2.50% | 2.50% | |
| 25 | 206C |
Alcoholic Liquor |
– |
1.00% | 1.00% | |
| 26 | 206C |
Packing lot, toll |
– |
2.00% | 2.00% | |
| 27 | 206C |
Purchase of coal lignite, |
– |
1.00% | 1.00% | |
| 28 | 206C |
Sale Value of Motor vehicle whether in cheque |
Exceeding Rs. 10 Lakhs |
1.00% | 1.00% | |
| Type of Payment | Surcharge | Rate | Education Cess (3.00%) |
|---|---|---|---|
| Salary(Resident & Non- resident) | Upto 50 Lacs | Nil | Yes |
| 50 Lacs to 1 Crore | 10% | ||
| Salary (Resident & Non- resident) | > | 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 | 10% | ||
| Payments to Foreign Co. | Upto 1cr | Nil | Yes |
| > 1 Crore | 2% | ||
| > 10 Crores | 5% | ||
| Stage of deduction | (Rate per month or part of the month) |
|---|---|
|
From date when deductible |
1.00% |
|
From date of deduction |
1.50% |
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