Tax Deduction at Source and Tax Collection at Source Chart for the Financial Year 2012-2013

Section Of Act

Nature of Payment in brief

Cut Off Amount

Rate %

01.04.2012to 31.06.2012 from01.07.2012 HUF/IND Others

192

Salaries

Salary income must be more then exemption limit after deductions.

Average Rate

193

Interest on debentures

2500

5000

10

10

194

Deemed dividend

10

10

194A

Interest other than Int. on securities (by Bank)

10000

10000

10

10

194A

Interest other than Int. on securities (By others)

5000

5000

10

10

194B

Lottery / Cross Word Puzzle

10000

10000

30

30

194BB

Winnings from Horse Race

5000

5000

30

30

194C(1)

Contracts

30000

30000

1

2

194C(2)

Sub-contracts/ Advertisements

30000

30000

1

2

194D

Insurance Commission

20000

20000

10

10

194EE

Payments out of deposits under NSS

2500

2500

20

194F

Repurchase of units by MF/UTI

1000

1000

20

20

194G

Commission on sale of lottery tickets

1000

1000

10

10

194H

Commission or Brokerage

5000

5000

10

10

194I

Rent (Land & building)

180000

180000

10

10

Rent (P & M , Equipment, furniture & fittings)

180000

180000

2

2

194J

Professional/Technical charges/Royalty & Non-compete fees

30000

30000

10

10

194J(1)(ba)

Any remuneration or commission paid to director of the company (Effective from 1 July 2012)

NA

on any Amt paid as remuneration/ commission

10

10

194LA

Compensation on acquisition of immovable property

100000

200000

10

10

194LLA

Payment on transfer of certain immovable property other than agricultural land (Effective from 1 October 2012)

(a) INR 50 lakhs in case such property is situated in a specified urban agglomeration; or(b) INR 20 lakhs in case such property is situated in any other area) (Effective from 1 October 2012)

1

1