TAX DEDUCTED AT SOURCE (TDS) RATES FROM FINANCIAL YEAR 2013-14 (A.Y. 2014-15)

Income Tax Act Section

Nature of Payment or Credit

Cut off Amount

Rate %Individual/
HUF

Rate % Others

TDS on Salary

Resident individual whose total income does not exceed Rs. 500000

Others

2,20,000

2,00,000

Monthly Average Rate

-do-

NA

NA

Section 193

TDS on Interest on Debenture

5,000

10

10

Section 194

TDS on Deemed Dividend

-

10

10

Section 194A

TDS on interest other than on Securities (By Bank)

10,000

10

10

Section 194A

TDS on interest other than Securities (By Others)

5,000

10

10

Section 194B

TDS on Winning from Lottery/Cross word Puzzle

10,000

30

30

Section 194BB

TDS on Winning from Horse Race

5,000

30

30

Section 194C(1)

TDS on Labour Contract, AMC, Work Contract, Man Power Consultancy -Single Payment

Aggregate Payment in F.Y

30,000

75,000

1

1

2

2

Section 194C(2)

TDS on Sub contracts and Advertisement contracts

As above

1

2

Section 194D

TDS on Insurance Commission

20,000

10

10

Section 194EE

TDS on payment of NSS Deposit

2,500

20

NA

Section 194H

TDS on commission or brokerage other than insurance Commission

5,000

10

10

Section 194I

TDS on Rent -Land and Building, Furniture and Fixtures

1,80,000

10

10

Section 194I

TDS on Rent -Plant and Machinery, Equipments

1,80,000

2

2

Section 194IA

TDS on Transfer of Immovable Property (w.e.f. 1.6.2013)

50,00,000

1

1

Section 194J

TDS on Professional, Technical Charges, Royalty, Non Compete Fees

30,000

10

10

Section 194(1)(ba)

TDS on Remuneration or Commission paid to Director

Nil

10

10

Section 194LA

TDS on Compensation on Acquisition of Immovable Property

2,00,000

10

10