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