Updated TDS Rates Chart for the Financial Year 2016-17 (W.e.f 01st June 2016)

SECTION NATURE OF PAYMENTS  Tax Deductible at Source if Payment Exceeds RATE
DEDUCTEE
INDIVIDUAL / HUF 1. DOMESTIC COMPANY  2. FIRM/    3. CO-OPERATIVE SOCIETY / 4. LOCAL AUTHORITY Non – Resident Non – Domestic Company
Upto 1 Cr More than 1 Cr Upto 1 Cr More than 1 Cr but upto 10 cr More Than 10 Cr
192 Salaries  As per slab rates  As per latest tax rates Not Applicable
192A Withdrawal from EPF before 5 years of Service More than 50,000 10 10.3 11.85
193 Interest on securities Interest on Securities exceeding Rs.10,000 10 10
Interest on Debentures exceeding Rs. 5000
194 Deemed dividend u/s 2(22)(e) other than the dividend as referred to in Section 115-O                                    2,500 10 10
194A Interest – Payable by Banks ( TIME DEPOSIT + RECURRING DEPOSIT) or Interest on Deposit with Co – operative Bank                                  10,000 10 10
Interest – Payable by others                                    5,000 10 10
194B Winning from Lotteries / Crossword Puzzles/Card games/games                                  10,000 30 30 30.9 35.535 30.9 31.518 32.445
194BB Winnings from horse races  10,000  (w.e.f 01/06/2016) 30 30 30.9 35.535 30.9 31.518 32.445
194C Payment to contractor  In case of Single Transaction exceed 30,000 1 2
 If Aggregate of payments made during the F.Y. exceeds 1,00,000                           ( w.e.f 01/06/2016)
194C Transporter Not Covered under 44AE  ( W.e.f 01/06/2015)  Single Transaction exceeds 30,000             Aggregate during the F.Y. – 75000 1 2
194C Transporter Covered under 44AE & submit declaration on prescribed form with PAN  (W.e.f 01/06/2015)  NO TDS in case PAN is submitted by Trasnport Contractor
194D Insurance Commission  15000 (w.e.f 01/06/2016) 10 10
194DA Non – Exempt Payments in respect of life insurance policy  1,00,000  (w.e.f 01/06/2016) 1 1
194E Payment to non-resident sportsmen/sports association 20.6 23.69 20.6 21.012 21.630
194EE Payment in respect of deposit under National Savings scheme 2500 10 10 10.3 11.85
194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India                                1,000.00 20 20 20.6 23.69
194G Commission, etc., on sale of lottery tickets                              15,000.00 5 5 5.15 5.923 5.15 5.253 5.408
194H Commission / brokerage  15000 (w.e.f 01/06/2016) 5 5
194I A) Renting of Plant & Machinery                           1,80,000.00 2 2
B) Renting of Land or building or furniture or fitting 10 10
194IA Payment on transfer of  Immovable property other than agricultural land                          50,00,000.00 1 1
194J Professional/Technical Fees/Royalty/Remuneration , fee , commission to a director/Payment For not carrying out any activity in relation to any business/Payment For not sharing any know-how, patent, copyright etc.                              30,000.00 10 10
194LA Compensation on compulsory acquisition of Immovable Property other than agricultural land  >2,50,000 10 10
194LB Payment of Interest on  Infrastructure Debt Fund 5.15 5.923 5.15 5.253 5.408
194LBC Income in respect of investment in Securitisation trust 25 30 30.9 35.54 41.2 42.02 43.26
194LBA Business trust shall deduct tax while distributing, any income received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders. 10 10
 194LBB  Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] shall deduct tax therefrom 10 10
194LC Interest to Non Resident from Indian company/business trusts in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond) 5.15 5.923 5.15 5.253 5.408
194LD Payment of interest on rupee denominated bond of an Indian Company
or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor
5.15 5.923 5.15 5.253 5.408
195 a) Income in respect of investment made by a Non-resident Indian Citizen 20.6 23.69
b)long-term capital gains U/S 115E / 193(1)©(iii) in case of a Non-resident 10.3 11.85 10.3 10.506 10.815
c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112 10.3 11.85 10.3 10.506 10.815
d) short-term capital gains U/S 111A 15.45 17.770 15.45 15.759 16.223
e) long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of Section 10] 20.6 23.69 20.6 21.012 21.63
f) Interest on Foreign currency loan by Govt. / Indian Company ( Other than 194LB / 194LC 20.6 23.69 20.6 21.012 21.63
g) Royalty in respect of copyright on books / Computer Software by Govt. / Indian Company 10.3 11.85 10.3 10.506 10.815
h) Technical Fees by Govt. / Indian Company 10.3 11.85 10.3 10.506 10.815
i) Any other income 30.9 35.35 41.2 42.024 43.26
196B Income from units (including long-term capital gain on transfer of such units) to an offshore fund 10.3 11.85 10.3 10.506 10.815
196C Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) 10.3 11.85 10.3 10.506 10.815
196D Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) 20.6 23.69 20.6 21.012 21.63

Dilip Kumar

+Dilip Kumar (Author and Editor of The Tax Info) is a Chartered Accountant from Hyderabad, Loves Blogging on Tax related matter.

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