TDS TCS Chart for A Y 2018-19 (F Y 2017-18)

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

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

Section Nature of Payment TDS Exemption Limit

Rate of TDS

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) Rs. 50,000/- 10% (Only in case where 10% employee left services before completion of 5 years)
193 Interest on Securities

Rs. 10,000 (in general)

Rs. 5,000 (in case of debenture)

194 Deemed Dividend u/s 2(22)(e) Before making payment by company to shareholders, other than dividend declared U/s. 115-O, when amount exceeds Rs.2,500/- 10%
194A Interest from a Banking Company Rs. 10,000 p. a. 10%
194A Interest other than from a Banking Company Rs. 5,000 p. a. 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%
194BB Winning from Horse Races


(Individual or HUF Liable to audit u/s 44AB and any other person)

194C Transporters with valid PAN & to whom 44AE applicable If furnish declaration of less than 10 Goods Vehicle and PAN 0%
194C Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters)

Rs. 30,000 /-per contract or Rs.1,00,000/- paid during the year

(Individual or HUF Liable to audit u/s 44AB and any other person)

Ind/Huf  – 1%

Others  –  2%

194D Insurance Commission Rs. 15,000/-

(Individual or HUF Liable to audit u/s 44AB and any other person)

194DA Payment under life insurance policy (including Bonus) Rs.1,00,000 p. a. 1%
194E Non-resident Sportsman or Sports Association  – 20%
194EE Out of deposit under NSS Rs.2,500 10%
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 5%
194-I Rent on Plant / Machinery Rs. 1,80,000 p. a. 2%
194-I Land or building or furniture or fitting Rs. 1,80,000 p. a. 10%
194-IA Payment or transfer of            Non -agricultural immovable property Rs. 50,00,000 & above 1%
194J Fees for Professional / Technical Services Rs. 30,000 p. a. 10%
194LA Compulsory Acquisition of immovable Property Rs. 2,50,000/- p.a. 10%
194LC Payment interest to non-resident or foreign Co. 5%


TCS Rates for Financial Year 2017-18 (A Y 2018-19)


TCS Rates

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

Points to be considered:

1.Surcharge & Education Cess will not be considered for the purpose of TDS except in case of TDS on salary payment.

2.Higher rate of TDS for not furnishing correct PAN @ 20%.

3.Higher rate of TCS for not furnishing correct PAN @5% or twice of applicable rate whichever is higher.

4.Form 15G/ 15H received for non deduction of TDS (including Nil return) – Now needs to report online on quaterly basis

5.Quaterly Statement of TDS       31st July;    31st Oct;    31st Jan;   31st May

6.Deposition of TDS / TCS

  • TDS – March month – 30th April
  • Other Month 7th of next month
  • TCS – 7th of next month

7.Issue of TDS / TCS certificate – Within 15 Days from the due date of filing of quarterly TDS return Salary certificate in Form-16 upto 15th June of succeeding financial.

8.Fees of Rs. 200/- per day for late filing of TDS and TCS Return.

9.Fail to file TDS return within one year of due date or furnishing incorrect information penalty Rs.10,000/-.

10.Online generation of TDS certificate is mandatory in case of every person whose accounts are required to be audited u/s 44AB.

11.Declaration needs to be obtained while purchasing a software, from the transferor that TDS has been made u/s 194J or u/s 195 on payment for any previous transfer of such software from a resident or non-resident along with PAN, otherwise TDS u/s 194J is  required to be deducted.

13.While fling quarterly TDS return, information in respect of cases where no TDS is deducted due to obtaining self declaration or no deduction/ lower deduction certificate u/s 197 received from Income tax department is to be mandatory filed in TDS  return.


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