TDS Rates Applicable for F.Y. 2013-2014
Section Code
Nature of Payment
Cut Off
Rate % In case the recipient is an Individual/ HUF
Rate % If the recipient is other than Individual/ HUF
192 Salaries   Average Rate
193 Interest on Debentures Rs. 5,000/- 10% 10%
194 Deemed Dividend - 10% 10%
194-A

Interest other than interest on securities (Interest from Banking Company)

Rs. 10,000/- 10% 10%
194-A

Interest other than interest on securities (Interest from other than Banking Company)

Rs. 5,000/- 10% 10%
194-B

Winnings from lottery or crossword puzzle

Rs. 10,000/- 30% 30%
194-BB

Winnings from Horse Race

Rs. 5,000/- 30% 30%
194-C

Payment to Contractor

Rs. 30,000/- per Single Contract or in aggregate Rs. 75,000/- exceeds during the F.Y. 1% 2%
194-C

Pyment to advertising Contractor

Rs. 30,000/- per Single Contract or in aggregate Rs. 75,000/- exceeds during the F.Y. 1% 2%
194-C

Payment to transport contractor/ sub contractor

If PAN Quoted NIL NIL
194-C

Payment to transport contractor/ sub contractor

If PAN not Quoted 20% 20%
194-D

Insurance commission

Rs. 20,000/- 10% 10%
194-EE

Payments out or Deposit under NSS

Rs. 2,500/- 20% -
194-F

Repurchase of units by MF / UTI

Rs. 1,000/- 20% 20%
194-G

Commission on sale of lottery tickets

Rs. 1,000/- 10% 10%
194-H

Payment of commission or brokerage to resident

Rs. 5000/- 10% 10%
194-I

Payment of Rent (Land & Building) Furniture & Fittings

Rs. 1,80,000/- 10% 10%
194-I

Payment of Rent for use of Plant, Machinery or Equipment

Rs. 1,80,000/- 2% 2%
194-IA

TDS on transfer of Immovable property other than agriculture land (w.e.f. 01.06.2013)

Rs. 50,00,000/- 1% 1%
194-J

Payment of professional or technical services

Rs. 30,000/- 10% 10%
194-J(1)(ba)

Any remuneration or commission paid to director of the company (w.e.f. 01.07.2012)

- 10% 10%
194-LA

Compensation on acquisition of immovable property

Rs. 2,00,000/- 10% 10%
Note:
1. Yearly Limit u/s 194C: Where the aggregate of the amounts paid/credited or likely to be paid/credited to Contractor or Sub-contractor exceeds Rs.75,000 during the financial year, TDS has to be deducted u/s 194C.
2. TDS at higher rate ie., 20% has to be deducted 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 tax 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.
5. Surcharge on TDS is applicable on payment made to non resident other than company ,if payment is in excess of one crore.(10 %)
6. Surcharge on TDS on salary is applicable if taxable salary is more than one crore @ 10 %
7. In the case of Company other than Domestic Company,
o (i) at the rate of two per cent. of such tax, where the amount or the aggregate of such amounts collected and subject to the collection exceeds one crore rupees but does not exceed ten crore rupees;
o (ii) at the rate of five per cent. of such tax, where the amount or the aggregate of such amounts collected and subject to the collection exceeds ten crore rupees.
8. 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.
9. TDS by Individual and HUF (Non Audit) case not deductible :An Individual or a Hindu Undivided Family whose total sales, gross receipts or turnover from business or profession carried on by him does not exceeds the monetary limits(Rs.100,00,000 in case of business & Rs.25,00,000 in case of profession) under Clause (a) or (b) of Sec.44AB during the immediately preceding financial year shall not be liable to deduct tax u/s.194A,194C, 194H, 194I & 194J. So no tax is deductible by HUF/Individual in first year of operations of business even sales/Fees is more than 100/25 Lakh.
 
 

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