Point to Ponder

Do not follow the MAJORITY,
follow the RIGHT WAY.

ABDUL KALAM

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TDS CHART FOR 2016-17

SECTION

PARTICULARS

OLD ( %)

NEW (%)

192

Salaries

Average Rate

 

192A

Payment of accumulated balance due to an employee (PF) Exceeding Amount of Rs.

30,000

50,000

193

Interest on Debentures

10%

10%

194

Dividend

10%

10%

194A

Intrest on  Securities

10%

10%

194B

Lottery /Cross Word Puzzle

30%

30%

194BB

Winnings from Horse Race

5,000

10,000

194C

Payment to contractors

75,000

1,00,000

194D

Payment of insurance commission

20,000 (10%)

15,000 (5%)

194DA

Payment in Respect of Life Insurance policy

2%

1%

194E

Payments to nonresident  sportsmen or sports associations

20%

20%

194EE

Payment in Respect of NSS deposits

20%

10%

194F

Repurchase of units by MF/UTI

20%

20%

194G

Commission on sale of lottery tickets

1,000 (10%)

15,000 (5%)

194H

Commission or brokerage

5,000 (10%)

15,000 (5%)

194I

Rent of Machinery, Plant or Equipment

10%

10%

 

Land, building or furniture or fittings

 

 

194IA

Transfer of immovable property other then agricultural Land

1%

50lakh (1%)

194J

Professional/ Technical charges/Royalty & Non compete fees /payments to directors

10%

10%

194LA

Payment of Compensation on acquisition of certain immovable property

2,00,000  (10%)

2,50,000 (10%)

194LB

Payment of interest on infrastructure debt fund

5%

5%

194LC

Interest to Non Resident from Indian company /business trusts engaged in certain business

5%

5%

194LD

Interest on certain Govt Bonds/Securities payable on

5%

5%

 

or after 01-06-2013 but before 01-06-2017

 

 

196B

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

10%

10%

196C

Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)

10%

10%

196D

Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)

10%

10%

206C (TCS)

Sale of Motor vehicle >Rs.10 lakhs

-

1%

206C (TCS)

Sale goods/service in cash >5 lakhs(other than bullion and jewellery) –other than payments on which TDS made

-

1%