| 192 |
Income from Salary
|
Senior Citizen (60 Years) |
Rs. 3,00,000
|
Average rate of Tax + Health & Education Cess (Surcharge if Salary > 50 Lacs) |
| Super Senior Citizen (80 Years) |
Rs. 5,00,000 |
| Others |
Rs. 2,50,000 |
| 192A |
Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
|
Rs. 50,000
|
10% |
| 193 |
* Interest on Securities
|
Rs. 10,000 |
10% |
| 194 |
Dividend—
Dividend other than the dividend as referred to in Section 115-O
|
|
10% |
| 194A |
Interest from a Banking Company
|
Rs. 40,000 per annum /Rs. 50,000 per annum for Senior citizen |
10% |
| 194A |
Interest other than from a Banking Company
|
Rs. 5,000 per annum |
10% |
| 194B |
Winning from Lotteries & Cross Word Puzzles
|
Rs. 10,000 per annum |
30% |
| 194BB |
Winnings from horse races |
Rs. 10,000 per annum |
30% |
| 194C |
Payment to contractor/sub-contractor |
Rs.30,000 per contract (or)
Rs. 1,00,000 per annum
|
Individual/HUF 1% Others 2% |
| 194D |
Insurance Commision |
Rs. 15,000
|
Resident:5%
Domestic Company:10% |
| 194DA
|
Payment under life insurance policy (including Bonus)
– With effect from September 1, 2019 : 5% of the amount of income comprised in payment
|
Rs.1,00,000 per annum
|
1%
5%
|
| 194E |
Non-resident Sportman or Sports Association
|
–
|
20% |
| 194EE |
Out of deposit under NSS
|
Rs.2,500 |
| Individual or HUF 10% |
| Other NA |
|
| 194F |
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India |
|
20% |
| 194G |
Commission on Sale of Lottery Tickets
|
Rs. 15,000
|
5% |
| 194H |
**Commission/Brokerage |
Rs. 15,000 per annum
|
5% |
| 194-I |
**Rent on Plant / Machinery |
Rs. 2,40,000 per annum |
2% |
| 194-I |
**Land or building or furniture or fitting
|
Rs. 2,40,000 per annum |
10% |
| 194-IA |
Payment or transfer of Non -agricultural immovable property |
Rs. 50,00,000 & above |
1% |
194-IB
|
Rent payable by an individual or HUF not liable to tax audit
|
Rs.50,000 per month
|
5%
|
194-IC
|
Payment of monetary consideration under Joint Development Agreements |
–
|
10% |
| 194J |
Fees for Professional / Technical Services |
Rs. 30,000 per annum |
2% (For Call Centre) |
10% (For Others)
|
194LA
|
Compulsory Acquisition of immovable Property |
Rs. 2,50,000
|
10% |
| 194LBA |
Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders. |
– |
10% |
| 194LBB |
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] |
–
|
10% or Invalid PAN 20%
Non-Resident 30%
Foreign Company 40% |
| 194LBC |
Income in respect of investment made in a securitisation trust |
–
|
Individual or HUF 25%
Other 30%
Foreign Company 40% |
| 194M |
TDS on payment to resident contractors and professionals (other than those who covered u/s 194C or 194J) by individual/HUF not liable for tax audit. |
Rs. 50 lacs |
5% (wef 01.09.2019) |
| 194N |
TDS on cash withdrawal from Bank, Post office etc. |
Rs. 1 crore |
2% (wef 01.09.2019) |
* Only for Debenture in which the public are substantially interested
** Other than Individual or HUF except those covered u/s 44AB
TCS Rates
|
| 206C |
Scrap
|
–
|
1.00% |
| 206C |
Tendu Leaves
|
–
|
5.00% |
| 206C |
Timber obtained under a forest lease or other mode |
–
|
2.50% |
| 206C |
Any other forest produce not being a Timber or tendu leave |
–
|
2.50% |
| 206C |
Alcoholic Liquor for Human Consumption
|
–
|
1.00% |
| 206C |
Packing lot, toll plaza, mining & quarrying |
–
|
2.00% |
| 206C |
Purchase of coal lignite, Iron ore by a trader |
– |
1.00% |
| 206C |
Sale Value of Motor vehicle whether in cheque or in any other mode of receipt |
Exceeding Rs. 10 Lakhs per transaction |
1.00% |
