Indian Income Tax | Historical reference
TDS Rates for Financial Year 2013-14 (Assessment Year 2014-15)
A section-wise guide to tax deducted at source (TDS) on salary, interest, contracts, commission, rent, professional fees and property transactions for 1 April 2013 to 31 March 2014.
Historical rates only. The figures below apply to FY 2013-14, not current transactions. From 1 April 2026, the Income-tax Act, 2025 uses section 393 and its tables for TDS obligations. See the Income Tax Department guidance on the transition.
What is TDS?
Tax deducted at source is income tax withheld by the person responsible for making a specified payment and deposited with the Central Government. Under the Income-tax Act, 1961, different provisions prescribed when deduction was required, the applicable monetary limit and the rate. The deductee generally receives credit for tax deducted, subject to statutory conditions.
TDS rate chart for FY 2013-14
Rates below generally describe payments to resident recipients under the law applicable in FY 2013-14. Thresholds and exceptions are provision-specific. Non-resident payments, treaty relief, surcharge and other special cases require separate examination.
| Section of 1961 Act | Nature of payment | Threshold / condition | TDS rate |
|---|---|---|---|
| 192 | Salary | Taxable salary above applicable basic exemption | Average income-tax rate |
| 193 | Interest on securities | Rs. 5,000 for specified company debentures; conditions apply | 10% |
| 194 | Deemed dividend under section 2(22)(e) | No general threshold | 10% |
| 194A | Bank interest other than securities | Rs. 10,000 for specified bank deposits | 10% |
| 194A | Other interest | Rs. 5,000 in other cases | 10% |
| 194B | Lottery, crossword and similar winnings | Above Rs. 10,000 | 30% |
| 194BB | Horse-race winnings | Above Rs. 5,000 | 30% |
| 194C | Contractors, subcontractors, labour and advertising | Single payment above Rs. 30,000 or annual aggregate above Rs. 75,000 | 1% individual/HUF payee; 2% other payees |
| 194D | Insurance commission | Above Rs. 20,000 | 10% |
| 194EE | National Savings Scheme withdrawals | Above Rs. 2,500 | 20% |
| 194H | Commission or brokerage | Above Rs. 5,000 | 10% |
| 194-I | Rent: land, building, furniture, fittings | Above Rs. 1,80,000 annually | 10% |
| 194-I | Rent: plant, machinery, equipment | Above Rs. 1,80,000 annually | 2% |
| 194-IA | Transfer of specified immovable property (from 1 June 2013) | Consideration Rs. 50 lakh or more | 1% |
| 194J | Professional/technical services, royalty, non-compete fees | Above Rs. 30,000 per applicable category | 10% |
| 194J(1)(ba) | Director remuneration/fees other than salary | No monetary threshold | 10% |
| 194LA | Compensation for compulsory acquisition of specified immovable property | Above Rs. 2,00,000 | 10% |
Important legal provisions explained
Section 192 - Salary: An employer deducted tax on estimated taxable salary at the applicable average rate, rather than a single flat TDS percentage. The basic exemption for FY 2013-14 was generally Rs. 2,00,000 for individuals below 60, Rs. 2,50,000 for resident senior citizens aged 60 to below 80 and Rs. 5,00,000 for resident individuals aged 80 or above. The section 87A rebate for eligible resident individuals with total income up to Rs. 5,00,000 could reduce final tax by up to Rs. 2,000.
Section 194C - Contracts: This covered qualifying payments for carrying out work, including supply of labour and advertising contracts. The applicable rate depended on the recipient being an individual/HUF or another person, not on the payer category. The single-payment and annual-aggregate limits operated independently.
Section 194-I - Rent: The Rs. 1,80,000 annual limit applied to covered rent, with 2% for plant and machinery and 10% for land, buildings, furniture and fittings.
Section 194-IA - Property: Effective 1 June 2013, specified transfers of immovable property (other than agricultural land as defined for the section) attracted 1% TDS where consideration was Rs. 50 lakh or more, subject to statutory conditions.
Section 194J - Professional payments: Covered professional and technical fees, royalty, non-compete consideration and qualifying non-salary director remuneration. The original page incorrectly referred to director payments under section 194(1)(ba); the relevant provision was section 194J(1)(ba).
Sections 194B and 194BB - Winnings: These imposed 30% withholding on covered lottery/game and horse-race winnings above the then applicable limits, subject to special rules.
PAN, deposits and TDS certificates
The rate shown in the chart may not be the rate actually deducted where the recipient failed to furnish PAN (section 206AA), a valid lower/nil deduction certificate applied (section 197), or another statutory exception operated. Deductors were also required to comply with applicable deposit, return and certificate requirements, including Form 16 for salary and Form 16A for many non-salary payments.
Official references and current law
For historical interpretation, refer to the Finance Bill 2013 explanatory memorandum and the Income Tax Department explanation of section 194C thresholds. For more recent 1961 Act rates, see the official TDS rates reference and resident TDS exemptions and thresholds. For tax-year 2026-27 onward, consult the official 2025 Act transition guidance.
Last reviewed: 9 October 2026. This page is a historical information resource and not a substitute for the enacted law applicable to a particular payment.