TMI BlogRate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2015-16X X X X Extracts X X X X X X X X Extracts X X X X ..... mpany exceeds ₹ 1 Crore. 2% Surcharge on TDS if the recipient is a foreign company and amount exceeds ₹ 1 Crore to ₹ 10 Crore. In case of more than ₹ 10 Crore, 5% surcharge is applicable. 2. Education Cess No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary] 3% EC and SHEC (2% + 1%) on TDS in case of Salary 3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident 192A [w.e.f. 01-6-2015] Payment of accumulated balance due of Employee s Provident fund scheme to employees 10% ₹ 30,000 193 Interest on Speci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ified by it in this behalf; and (d) ₹ 5,000/- in any other case 194B Winning from Lotteries 30% ₹ 10,000 194BB Winning for horse race 30% ₹ 5,000 194C Payment to Individuals and HUF 1% ₹ 30,000 per single contract or ₹ 75,000 in aggregate during the Financial Year No TDS on GTA if contractor owns ten or less goods carriage at any time during the previous year PAN number of the GTA is available [Amended w.e.f.01-6-2015] 194C Payment to other con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2% ₹ 1,80,000 194IA Payment / credit of consideration to a resident transferor for transfer of immovable property (other than rural agricultural land) [w.e.f. 1.6.2013] 1% ₹ 50,00,000 194J Fees for Professional / Technical services / royalty 10% ₹ 30,000 for each services 194J Any remuneration, Fees or Commission to a director [w.e.f. 1.7.2012] 10% - 194LA Compensation to a resident on acquisition of certain immovable property ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 94K if the recipient makes a declaration in Form 15G / 15H under the provisions of section 197A . But, the person seeking to furnish Form 15G / 15H must have PAN number on or after 1.4.2010. 2. Certificate from AO - Under Section 197 - A person can apply to AO and seek a certificate in Form 13 for no deduction of TDS or deduction of TDS at lower rates under sections192 , 193 , 194 , 194A , 194C , 194D , 194G , 194H [, 194-I , 194J , 194K , 194LA and 195 . 3. In case PAN of the deductee is not available than TDS rate will be 20%. 4. No TDS on Service Tax - As per Circular 01/2014 dated 13-1-2014 , TDS is not applicable on service tax part if service tax part shown separately. - Manuals - Ready reckon ..... X X X X Extracts X X X X X X X X Extracts X X X X
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