TDS RATES & LIMITS CHART (AY 2013-14)
TDS RATES & LIMITS CHART (A.Y. 2013-14)
S.No | Sec | Nature of Payment in brief | Cut Off Amount | Rate % | ||
01.04.12 | 01.07.12 | HUF/IND | Others | |||
1 | 192 | Salaries | Salary income must be more then exemption limit after deductions | Average Rate | ||
2 | 193 | Interest on debentures | 2,500.00 | 5,000.00 | 10 | 10 |
3 | 194 | Deemed dividend | – | – | 10 | 10 |
4 | 194A | Interest other than Int. on securities (by Bank) | 10,000.00 | 10,000.00 | 10 | 10 |
4A | 194A | Interest other than Int. on securities (By others) | 5,000.00 | 5,000.00 | 10 | 10 |
5 | 194B | Lottery / Cross Word Puzzle | 10,000.00 | 10,000.00 | 30 | 30 |
6 | 194BB | Winnings from Horse Race | 5,000.00 | 5,000.00 | 30 | 30 |
7 | 194C(1) | Contracts | 30,000.00 | 30,000.00 | 1 | 2 |
8 | 194C(2) | Sub-contracts/ Advertisements | 30,000.00 | 30,000.00 | 1 | 2 |
9 | 194D | Insurance Commission | 20,000.00 | 20,000.00 | 10 | 10 |
10 | 194EE | Payments out of deposits under NSS | 2,500.00 | 2,500.00 | 20 | – |
11 | 194F | Repurchase of units by MF/UTI | 1,000.00 | 1,000.00 | 20 | 20 |
12 | 194G | Commission on sale of lottery tickets | 1,000.00 | 1,000.00 | 10 | 10 |
13 | 194H | Commission or Brokerage | 5,000.00 | 5,000.00 | 10 | 10 |
14 | 194I | Rent (Land & building) | 180,000.00 | 180,000.00 | 10 | 10 |
Rent (P & M , Equipment, furniture & fittings) | 180,000.00 | 180,000.00 | 2 | 2 | ||
15 | 194J | Professional/Technical charges/Royalty & Non-compete fees | 30,000.00 | 30,000.00 | 10 | 10 |
16 | 194J(1)(ba) | Any remuneration or commission paid to director of the company(Effective from 1 July 2012) | NA | NIL | 10 | 10 |
17 | 194LA | Compensation on acquisition of immovable property | 100,000.00 | 200,000.00 | 10 | 10 |
18 | 194LLA | Payment on transfer of certain immovable property other than agricultural land (Finance Minister has withdraw TDS on such transaction on 07/05/2012) | INR 50lacs in case such property is situated in a specified urban agglomeration; or | withdrawn by Finance Minister on 07/05/2012 no TDS on such transactions | withdrawn by Finance Minister no TDS on transfer of immovable property | |
INR 20lacs in case such property is situated in any other area | ||||||
Note:
1. Yearly Limit u/s 194C: Also where the aggregate of the amounts paid/credited or likely to be paid/ credited to Contactor or Sub-contractor exceeds Rs.75, 000 during the financial year, TDS has to be made u/s 194C.
2. TDS at higher rate i.e 20% has to be made if the deductee does not provide PAN to the deductor. (read detail u/s 206AA)
3. No TDS on Goods Transport :No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages on furnishing of his Permanent Account Number, to the person paying or crediting such sum.(read details here No TDS on Goods Transport )
4. Surcharge on Income-tax is not deductible/ collectible at source in case of individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.
5. In the case of Company other than Domestic Company, the rate of surcharge is @ 2.5% of Income-tax, where the income or the aggregate of such income paid or likely to be paid exceeds Rs. 10000000.
6. No Cess on payment made to resident: Education Cess is not deductible/ collectible at source in case of resident Individual/HUF/Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary. Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.
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