TDS TCS Chart for A Y 2017-18 (F Y 2016-17)

TDS TCS Chart for A. Y. 2016-17 (F. Y. 2015-16)

Section Nature of Payment TDS Exemption Limit Up to

31-05-2016

w.e.f.

01-06-2016

192 Income from Salary Senior Citizen (above 60 Years)  Rs. 3,00,000 Average rate of Tax +Education Cess + Surcharge if applicable shall be deducted on monthly basis.
Super Senior Citizen (above 80 Years)  Rs. 5,00,000
Other individual  Rs. 2,50,000
192A Accumulated balance of provident fund (Premature Withdrawal)  

Upto 31-05-2016 Rs. 30,000
w.e.f. 01-06-2016 Rs. 50,000
10% 10%
193 Interest on Securities Rs. 5,000 10% 10%
194 Deemed Dividend u/s 2(22)(e) 10% 10%
194A Interest from a Banking Company Rs. 10,000 p. a. 10% 10%
194A Interest other than from a Banking Company Rs. 5,000 p. a. 10% 10%
194B Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort Rs. 10,000 p. a. 30% 30%
194BB Winning from Horse Races  

Upto 31-05-2016 Rs. 5,000 p.a.
 w.e.f. 01-06-2016 Rs. 10,000 p.a.
30% 30%
194C Transporters with valid PAN & to whom 44AE applicable 0% 0%
194C Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters)
Upto 31-05-2016 30,000 per contract (or)
w.e.f. 01-06-2016 30,000 per contract (or)
Upto 31-05-2016 Rs. 75,000 p.a
w.e.f. 01-06-2016 Rs. 1,00,000 p.a
Ind/Huf 1%

 

Others 2%

Ind./HUF 1%

 

Others 2%

194D Insurance Commission  

Upto 31-05-2016 Rs. 20,000
w.e.f. 01-06-2016 Rs. 15,000
10% 5%
194DA Payment under life insurance policy (including Bonus) Rs.1,00,000 p. a. 2% 1%
194E Non-resident Sportsman or Sports Association  – 20% 20%
194EE Out of deposit under NSS Rs.2,500
Ind. or HUF 20%
 Other NA
Ind. or HUF 10%
 Other NA
194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India 20% 20%
194G Commission on Sale of Lottery Tickets  

Upto 31-05-2016 Rs. 1,000
w.e.f. 01-06-2016 Rs. 15,000
10% 5%
194H Commission/Brokerage  

Upto 31-05-2016 Rs. 5,000 p. a.
w.e.f. 01-06-2016 Rs. 15,000 p. a.
10% 5%
194-I Rent on Plant / Machinery Rs. 1,80,000 p. a. 2% 2%
194-I Land or building or furniture or fitting Rs. 1,80,000 p. a. 10% 10%
194-IA Payment or transfer of            Non -agricultural immovable property Rs. 50,00,000 & above 1% 1%
194J Fees for Professional / Technical Services Rs. 30,000 p. a. 10% 10%
194LA Compulsory Acquisition of immovable Property  

Upto 31-05-2016 Rs. 2,00,000
w.e.f. 01-06-2016 Rs. 2,50,000
10% 10%

TCS Rates for Financial Year 2016-17 (A. Y. 2017-18)

Item/Commodity Up to

31-05-2016

w.e.f.

01-06-2016

Alcoholic Liquor for Human Consumption 1%  1%
Tendu Leaves 5% 5%
Timber obtained under a forest lease or other mode 2.50% 2.50%
Any other forest produce not being a Timber or tendu leave 2.50% 2.50%
Scrap 1 % 1%
Packing lot, toll plaza, mining & quarrying 2% 2%
Bullion : Sale consideration received in cash exceeding Rs. 2,00,000/- 1% 1%
Jewellery : Sale consideration received in cash exceeding Rs. 5,00,000/- 1% 1%
Other Service/goods: Sale consideration received in cash exceeding Rs. 2,00,000/- Nil 1%
Motor Vehicle : Sale consideration received in cash exceeding Rs. 10,00,000/- Nil 1%
Purchase of coal lignite, Iron ore by a trader 1% 1%

Notes

  1. TDS @ 20% (minimum) where PAN not furnished.
  2. No Edu. and SHE Cess on payment to Resident except Salary TDS.
  3. Payments to Non-Residents:
Type of Payment Surcharge Rate Edu & SHE Cess
Payment to Non-Residents (other than Company) Upto 1crore Nil  

3%(2+1) of Tax

> 1 Crore 10%
Payments to Foreign Company Upto 1cr Nil
> 1 Crore 2%
> 10 Crores 5%
READ  TDS Chart for A Y 2015 -16 (F Y 2014-15)