TDS Rates List for FY.2017-18 as per Finance Act 2017

192

Salary-

(with Govt. and Private Employee)

TDS deducted As per the slab rates

Note- (30% if no valid PAN)

–

192A

Payment of accumulated balance due to an employee under (EPF) Employees Provident Fund Scheme,1952. (w.e.f 01-06-15)

10%

Note- (30% if no valid PAN)

when the amount of payment or accumulated  amount of payment exceeds Rs. 30,000 and Rs. 50,000/- (from 01.06.2016)

193

Deduction of tax at source from Interest on securities-

10%

Note- (20% if no valid PAN)

credit or payment, whichever is
earlier, when the
amount exceeds Rs.
10,000/-In case of Debentures Threshold limit is Rs. 5000/-

194

Deduction of tax at source from Dividend –

10%

Note- (20% if no valid PAN)

Before making payment to’ shareholder, other than dividend declared U/s. 115O, when amount exceeds Rs. 2,500

194A

Deduction of tax at source from Interest other than Interest on Securities-

10%

Note- (20% if no valid PAN)

In case of banks (including co-operative banks),at the time of payment  or credit , whichever is earlier, when the amount exceeds Rs. 10,000/-p.a.

In case of others, at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 5,000/-p.a.

194B

Deduction of tax at source from Winning from Lotteries -,Crossword Puzzles, and other games

30%

Note- (30% if no valid PAN)

Income of Rs. 10,000/- p.a.

194BB

Deduction of tax at source from –Winnings from horse races

30%

Note- (30% if no valid PAN)

Income of Rs. 10,000/- p.a.

194C

Deduction of tax at source from Payment to Contractors and sub contractors–

For individuals /HUF 1%

if no Valid PAN)

For Others- 2% – Note- (20% if no valid PAN)

At the time of credit or payment, whichever is earlier, when the amount of a particular contract exceeds Rs. 30,000/- or the total amount of contract  exceeds Rs. 75,000/-p.a (Rs. 1,00,000 wef from 01.06.2016).

194D

Deduction of tax at source from Insurance Commission-

5%

Note- (20% if no valid PAN)

Credit or payment, whichever is earlier when the amount exceeds Rs. 15,000/-

194DA

Payment under life insurance -policy (including bonus) applicable from October 1,2014)

1%

Note- (20% if no valid PAN)

Payment amount exceeds

 Rs. 1 ,00,000/- p.a.

194E

Payment to Non-Resident Sportsmen or Sports Association

20%

Note- (20% if no valid PAN)

Credit or payment, whichever is earlier

194EE

Payment in respect of deposit under National Savings scheme (NSS)

10%

Note- (20% if no valid PAN)

Credit or payment, whichever is earlier when the amount exceeds Rs. 2,500/-

194F

Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India

20%

Note- (20% if no valid PAN)

Credit or payment, whichever is earlier

194G

Commission on sale of lottery tickets

5%

Note- (20% if no valid PAN)

Credit or payment, whichever is earlier when the amount exceeds Rs. 15,000/-

194H

Deduction of tax at source Payment of commission brokerage-

5%  Wef (01.06.2016) Note- (20% if no valid PAN

At the time of credit or payment whichever is earlier when the amount exceeds Rs. 5,000/- [Rs. 15,000/-p.a. wef 01.06.2016)]

194I

Rent – Plant and Machinery or Equipments

2%

Note- (20% if no valid PAN)

Credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a.

194I

Deduction of tax at source from Income by way of rent Rent – Land and Building

10%

Note- (20% if no valid PAN)

Credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a.

194IA

Payment on transfer of certain immovable property other than agriculture land.

1%

Note- (20% if no valid PAN)

Credit or payment, whichever is earlier, when the land is situated in specified area when amount exceeds Rs. 50 lacs

194IB

Rent payable by an individual or HUF not covered u/s. 194I (W.E.F. from 01.06.2017)

Threshold limit Rs. 50,000/- per month. TDS to be deducted @ 5%

Tax shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of tenancy if the property is vacated during the year, as the case may be, to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier.

194IC

 Payment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement

Threshold limit Rs. Nil TDS to be deducted @ 10%

At the time of credit or payment, whichever is earlier

194J

Any sum paid by way of

a) professional fees-

b) technical fees

c) royalty

d) remuneration/fees/commission to a director

e)For not carrying out any activity in relation to any business

f) For not sharing any know-how, patent, copyright etc.-

For call center operator (only business) –  2%

For others 10 %

(Note- (20% if no valid PAN)Wef 01.06.2017

At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 30,000/-p.a.

194K

Income in respect of Units-

Omitted Wef 01.06.2016

Omitted Wef-01.06.2016

194L

Payment of Compensation on acquisition of Capital Asset-

Omitted Wef 01.06.2016

Omitted Wef- 01.06.2016

194LA

Payment on transfer of certain immovable property other than agricultural land

10%

Note- (20% if no valid PAN)

At the time of credit or payment whichever is earlier if amount exceeds Rs. 2,50,000 p.a.

194LB

Tax deduction from interest payable to non-resident by an infrastructure debt fund

5%

Note- (20% if no valid PAN)

At the time of credit or payment whichever is earlier

194LBA

Certain income from units of a business trust(applicable from 01.10.2014 )-

For non resident – 5% For others – 10% Note- (20% if no valid PAN)

At the time of credit or payment, whichever is earlier

194LBB

Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] shall deduct tax therefrom (with effect from 01.06.2015)-

10% from 1-April-2016 to 31-May-2016 40% For Non Residents (1-Jun-2016 to 31-Mar-2017) 30 % For Non Residents (on or after 1-Jun-2016 ) (20% or Rate Applicable whichever is higher if no Valid PAN) –

At the time of credit or payment, whichever is earlier

194LBC

Income in respect of investment in securitisation trust. (From 01.06.2016)-

For Indian Residents: Individual and HUFs –  25%

Others – 30%

For Non Indian Residents : Company – 40%

Others – 30%

At the time of credit or payment, whichever is earlier

194LC

Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond

5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020) Note- (20% if no valid PAN)

At the time of credit or payment, whichever is earlier

194LD

Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor

5%  Note- (20% if no valid PAN)

At the time of credit or payment, whichever is earlier

195

TDS on Payment made to Non-Residents-

As per rates prescribed under income tax or DTAA

As per rates prescribed under income tax or DTAA

196A

Foreign company  unit holder of Mutual Fund-

For company – 10 %

For others  – 20%

At the time of credit or payment, whichever is earlier

196B

Income from units (including long-term capital gain on transfer of such units) to an offshore fund

10% Note- (20% if no valid PAN)

At the time of credit or payment, whichever is earlier

196C

Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)

10% Note- (20% if no valid PAN)

At the time of credit or payment, whichever is earlier

196D

Income of FIIs from securities-

20% Note- (20% if no valid PAN)

At the time of credit or payment, whichever is earlier