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Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2016-17

Income Tax - Rates of TDS and TCS - 90A187 - Rates of TDS for the Financial Year 2016-2017 Section Particulars TDS Threshold Limit Surcharge and Education Cess 192 Salary Normal Slab Rate As per normal computation of income 1. Surcharge: No Surcharge on TDS in case of payment is made to Resident or Domestic Company. 12% [amended w.e.f. 01-6-2015] Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company exceeds ₹ 1 Crore. 2% Surcharge on TDS if the recipient is .....

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erest on Specified Securities 10% ₹ 5,000 in case of Listed Debentures payable to resident individual or a Hindu undivided family, by a company in which public are substantially interested ₹ 10,000 in case of 8% Savings (Taxable) Bonds, 2003 ₹ 10,000 in case of 6½ per cent Gold Bonds, 1977, or 7 per cent Gold Bonds, 1980, where the Bonds are held by an individual not being a non-resident, and the holder thereof makes a declaration in writing before the person responsible .....

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o-operative society engaged in carrying on the business of banking; (c) ₹ 10,000/- on any deposit with post office under any scheme framed by the Central Government and notified 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 .....

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t (other than a company) 10% ₹ 20,000, if recipient is a domestic company 194DA Payment of Life Insurance Policy including bonus 1% ₹ 1,00,000 [2% upto 31.5.2016] 194E Payment to a non-resident foreign citizen sportsman / entertainer or non -resident sports association 20% - 194EE Payment for National Saving Scheme, 1987 10% ₹ 2500 [20% upto 31.5.2016] 194F Payment for repurchase of units 20% - 194G Commission, remuneration or prize on sale of lottery ticket 5% ₹ 1,000 [1 .....

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ion, Fees or Commission to a director [w.e.f. 1.7.2012] 10% - 194LA Compensation to a resident on acquisition of certain immovable property 10% ₹ 2,00,000 194LB Interest payable to non-resident by an infrastructure debt fund [Rate+ SC+EC+SHEC] 5% - 194LBA Certain Income by a business trust to its unit holders - Resident 10% - 194LBA Certain Income by a business trust to its unit holders - Non resident 5% - 194LBB Certain Income by an Investment Fund to its unit holders 10% - 194LBC Payment .....

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