TDS ON PAYMENTS IN INDIA


The % rate charge for the Financial Year 2013-14 i.e. Assessment Year 2014-15 in case of payments covered by income tax law. The same is applicable in A.Y.2015-16 till new budget submitted after election

Section Of Act Nature of Payment in brief TDS Rate %
HUF/IND Others
Minimum amt for tax
193 Interest on debentures 5000 10 10
194 Deemed dividend – 10 10
194A Interest other than Int on securities (by Bank) 10000 10 10
194A Interest other than Int. on securities (By others) 5000 10 10
194B Lottery 10000 30 30
194BB Winnings from Horse Race 5000 30 30
194C(1) Contracts 30000 1 2
194C(2) Sub-contracts/ Advertisements 30000 1 2
194D Insurance Commission 20000 10 10
194EE Payments out of deposits under NSS 2500 20 –
194G Commission on sale of lottery tkts 1000 10 10
194H Commission or Brokerage 5000 10 10
194I Rent (Land & building) 180000 10 10
Rent (P & M , Equipment, furniture & fittings) 180000 2 2
194J Professional/Technical charges/Royalty & Non-compete fees 30000 10 10

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