TDS CHART Rates, Limits Pro!

isions

Sect. Type of Payment 192 Salaries

Rate

Threshold Limit

Deductor Any Employer

Deductee Any Employee ----------

Remarks

ACE#A6E #ATE
193 Intrerest on Se !rities

10% Any payment Any Person Any ma"e #esi"ent

1. No TDS, if : a$ se !rities iss!e" %y a ompany &el" in Demat 'orm( %$ Interest paya%le to in"i)i"!al*+,' in a finan ial yr. is !pto #s.-000 in t&e follo.in/ ases : 0 1iste" o.s iss!es "e%ent!res primarily in p&ysi al form 2 s! & "e%ent!res are liste" on t&e sto 3 e4 &.or 0 1iste" o.s iss!es "e%ent!res .&et&er in p&ysi al form or "emat form 2 if s! & "e%ent!res are not liste"( $ Int. is paya%le %y 5ental* State 6o)t. Se !rities. "$ Payee 7 1I5*6I5*8t&er Ins!ran e 5ompany. Se tion fo !ses to ma3e TDS on Deeme" Di)i"en" ta4a%le !*s 2:22$:e$ of t&e In ome Ta4 A t,19;1, as "i)i"en" !*s 11-08 is e4empt in t&e &an"s of S&are&ol"ers :ie., payee$ !*s 10:39$.

199 Di)i"en"

10% #s.2-00 p.a. Domesti :only for t&e 5ompany payment ma"e %y A* payee &<. to in"i).$

Any #esi"ent

199A Interest ot&er t&an Interest on Se !rities i$ @an3 Interest ii$ Interest on Aotor A i"ent 5laim iii$ 8t&er Int. = @an3 Interest in l!"es Interest on Deposit .it& 5oop. So . @an3s 2 Post 8ffi e ? 10% #s.10000 p.a. 10% #s.-0000 p.a

Any Person Any !*s 2:31$ #esi"ent = S!%>e t to Note 1 ?

10% #s.-000 p.a.

1. Interest in l!"es any amo!nt for arran/in/ t&e f!n"s or ot&er &ar/es in respe t of t&e money %orro.e", e/ : Pro essin/ 'ees. 2. No TDS on interest If0 a$ pai" %y %an3 ot&er t&an time "eposits( %$ pai" %y firm to its partners( $ pai" %y 6o)ernment !n"er In ome Ta4*Bealt& Ta4 A t( "$ pai" to @an3s, 6o)ernment 5o.s*A/en ies, 'inan ial Instit!tions :if in orporate" !n"er any 5entral * State* Pro)in ial A t$, Ins!ran e 5o. "$ pai" %y 5o0operati)e so iety to its mem%ers or any ot&er o0operati)e so iety. 3. Differen e %et.een Iss!e pri e 2 #e"emption Cal!e of Dero 5o!pon @on"s "oesnEt onstit!tes interest for 199A. 9. D!rin/ t&e pen"en y of 1iti/ation .&ere t&e amo!nt is "eposite" on "ire tions of t&e o!rt, @an3 s&all : 0 "e"! t TDS( 0 iss!e TDS ertifi ate in t&e name of "epositor*seperate ertifi ate for >oint "epositors.

199@ Binnin/ from PriFes, 1ottery or 5ross.or"

30% #s.10000 p.a Any Person Any Person If .innin/s is in 3in" t&en t&e "e"! tor %efore realisin/ !*s 2:31$ !*s 2:31$ s! & .innin/s s&all ens!re t&at s! & amo!nt of ta4 &as %een "eposite".

199@@ Binnin/ from +orse #a e 1995 Payment to 5ontra tor* S!%05ontra tor :in l!"es paym. for all types of EBor3E$ If payment ma"e to : i$ In"i)i"!al*+,' ii$ 8t&ers

30% #s.-000 p.a.

Any Person Any Person !*s 2:31$ !*s 2:31$

0000000000000000

#s.30000 Any Person Any :per ontra t$ !*s 2:31$ #esi"ent #s.G-000 = S!%>e t to :a//re/ate of Note 1 ? all ontra ts "!rin/ a '.I.$

1% 2%

1. Se tion in l!"es all types of EBor3E for t&e p!rpose of TDS "e"! tion, e4 ept as o)ere" !*s 192, 199D, 1996, 199+, 199I, 199H. 2. No TDS on payments: a$ ma"e %y In"i)i"!al*+,' e4 l. for personal p!rposes:e)en t&o!/& .as s!%>e t to ta4 a!"it in t&e pre e"in/ '.I.$. %$ ma"e to Tra)el A/ents :pro)i"e" s! & payment s&all not %e ma"e for &arterin/ an Air raft$. $ ma"e to a tansporter of /oo"s on f!rnis&in/ &is PAN to t&e payee( 3. 'or omposite ontra ts :ie.,.&ere in)oi e )al!e in l!"es t&e material as .ell as t&e ser)i e omponent$ : 0 /oo"s amt. seperately mentione" in in)oi e : TDS on :In)oi e Cal!e0Aaterial 5ost$ 0 /oo"s amt. not seperately mentione" in in)oi e : TDS on In)oi e Cal!e 9. EBor3sE s&all : 0 include man!fa t!re or s!pplyin/ a pro"! t as per t&e re<!irement or spe ifi ation of !stomer %y using material purchased from such customer ( 0 not include man!fa t!re or s!pplyin/ a pro"! t as per re<!irement or spe ifi ation of !stomer %y using material purchased from person other than such customer. 0000000000000000

199D Ins!ran e 5ommission

10% #s.20000 p.a. Any Person Any !*s 2:31$ #esi"ent

199E Payment to 20% Any payment Any Person Non 0 Non0#esi"ent ma"e !*s 11- !*s 2:31$ #esi"ent Sportsmen or @@A Sports Asso iation or Entertainer 1996 5ommission on Sale of 1ottery Ti 3ets 199+ 5ommission or @ro3era/e 10% #s.1000 p.a. Any Person Any !*s 2:31$ #esi"ent

0000000000000000

0000000000000000

10% #s.-000 p.a.

Any Person Any !*s 2:31$ #esi"ent = S!%>e t to Note 1 ?

1. No TDS on : a$ 5omm.*@ro3. on transa tions of se !rities( %$ "is o!nts :ie., any on ession allo.e" on sale of /oo"s or pro)ision of ser)i e$. ". Discounts allo#ed on supply of Sim Cards Rechar$e Coupons %y a telecom company to its distri%utors under prepaid scheme #ill %e treated as commission to attract TDS lia%ility u&s '()H * +odafone ,ssar Cellular Ltd. !. AC-T .TDS/ 00" -TR "11 ."2''/ .3erla/ 4.

199I #ent on : i$ Plant 2 2% Aa &inery ii$ 8t&er Tan/i%le 10% Assets :li3e 1an", @!il"in/, '!rn. 2 'ittin/s$

#s.1J0000 p.a. Any Person Any !*s 2:31$ #esi"ent = S!%>e t to Note 1 ?

1. 'or t&e p!rpose of "e"! tion of TDS, #ent in l!"es: 0 Non ref!n"a%le Deposits( 0 A")an e #ents( 0 Deposits a">!sti%le a/ainst f!t!re lia%ility( 0 Bare&o!se 5&ar/es( %!t, e4 l!"es: 0 #ef!n"a%le Deposites, for .&i & no a">!stm. an %e ma"e( 0 #ent payment of intan/i%les : o)ere" !*s 199H$. 2. TDS on +otel #ooms s&o!l" not %e ma"e !*s 199I, !nless t&ere is Tie0!p .it& t&e &otel or rooms are perio"i ally earmar3e" %y t&e payee. 3. #ent )*s 5ontra t: 0 B&ene)er t&ere is onf!sion %et.een #ent 2 5ontra t follo.in/ test s&all %e applie": a$ if ot&er e4p. are %ear %y Tenant0#ent :lia%le !*s199I$ %$ if ot&er e4p. are %ear %y 8.ner0#ent :lia%le !*s1995$ =H!stify t&e a%o)e in t&e li/&ts of an ill!st. E#ent0a05a%E? 0 5ol" Stora/e 5&ar/es .ill %e o)ere" !*s 1995 2 not !*s 199I as t&e a/reement %et.een ol" stora/e o.ner 2 its !stomer is %asi ally onta t!al in nat!re. 9. #ent )*s Ser)i e : B&ene)er t&ere is onf!sion %et.een #ent 2 Ser)i e e/: @!il"in/ K '!rnit!re K Lno.0&o. /i)en on rent in a sin/le ontra t. E4amine t&e "ominant intension for ma3in/ ontra t.

'()-A Compensation on '5 Rs.1222222 p.a.Any Person Any Person '. -n order to a!oid $enuine hardship upon the deductor, Transfer of certain u&s ".0'/ u&s ".0'/ deductor is not mandatorily re6uired to possess a TA7. -mmo!a%le Prop. ". 8or payment of such ta9 8orm 7o. ":;< is prescri%ed, other than A$ricinstead of Challan 7o. & -T7S "=', %ein$ a challan cum ultural Land statement for filin$ return. .#.e.f. 2'.2:.'0/ 0. After deductin$ the TDS, 8orm 7o.-':< is re6uired to %e issued to the seller. ). TDS to %e made on payment %asis not on credit %asis. 1. -n case of more than ' %uyer or ' seller, #here purchase price or sale price as the case may %e is less than Rs.12 lacs, %ut the a$$re$ate of all transactions e9ceeds Rs.12 lacs, section '()-A #ill %e attracted. 199H 'ees for : 10% #s.30000 p.a. Any Person Any 0Professional or !*s 2:31$ #esi"ent 0Te &ni al Ser). * = S!%>e t to #oyalty * Note 1 ? Non05ompete 'ee !*s 2J:)a$ * Director>s Sittin$ 8ees 1. No TDS if : a$ s! & s!m is pai" e4 l!si)ely for personal p!rposes %y an in"i)i"!al*mem%er of +,' :e)en t&o!/& .as s!%>e t to ta4 a!"it in t&e pre e"in/ '.I.$. %$ s! & s!m is pai" %y a non resi"e, not &a)in/ any a/ent* %!siness onne tion*permanent esta%lis&ment in In"ia to any 5A*1a.yer*A")o ate*Soli itor. :+o.e)er is re<!ire" to f!rnis& t&e Mtrly. Statement$. ". 7o threshold limit for Director>s Sittin$ 8ees #ill co!er any pament ma"e to "ire tor ot&er t&an t&ose on .&i & ta4 is "e"! ti%le !*s 192.

3. 5@DT &as notifie" ser)i es ren"ere" %y follo.in/s as t&e professional ser)i es : 1$Sports Person( 2$,mpires 2 #eferees( 3$An &ors( 9$5oa &es( -$Trainers( ;$Team P&ysi ians( G$E)ent Aana/ers(J$Sports 5omm!nists( 9$5ommentators. 9. Se tion 9 &as %een amen"e" to in l!"e t&e E omp!ter soft.areE as a royalty 2 t&erefore TDS .ill %e attra te" on sale of omp!ter soft.are e4 ept .&ere : 0 t&e soft.are is a <!ire" in a s!se<!ent transfer 2 t&e transferor &as transferre" t&e soft.are .it&o!t any mo"ifi ation ( or 0 ta4 &as %een pre)io!sly "e"! te" on s! & soft.are !*s 199H or 19-. 1991A Payment for 10% #s.200000 p.a. 5ompensation on 5omp!lsory A <!isition of any Immo)a%le Property 1991@ Payment ma"e -% Any payment %y Infrastr! t!re ma"e !*s De%t '!n" to.ar"s 11-A:1$ Interest 19915 Payment ma"e %y Infrastr! t!re 5ompanies to.ar"s Interest -% Any Payment ma"e for Interest !*s 11-A:1$ Any Person Any !*s 2:31$ #esi"ent No TDS, if property is an a/ri !lt!ral lan".

Infrastr! t!re 'or/. 5o. or De%t '!n" Non0#es. o)ere" !*s 10:9G$

00000000000000000

Infrastr! t!re 'or/. 5o. or 1. 1oan * @on"s m!st %e iss!e" on or after 01.0G.2012, %!t, 5ompanies Non0#es. %efore 01.0G.201-. 2. Aoneys s&o!l" %e %orro.e" in forei/n !rren y. 3. Interest #ate 2 1oan*@an" ten!re s&o!l" %e appro)e" %y 5entral 6o)t.

19- 8t&er s!ms to #ates Any payment Any Person 'or/. 5o. or 1. TDS only to %e ma"e, if in ome is ta4a%le in In"ia 2 only Non #esi"ents in 'in. ma"e !*s 2:31$ Non0#es. on s! & portion %ein/ ta4a%le in In"ia. :li3e Interest, et . @!"/t 2. B&i &e)er pro)isions %ein/ more %enefi ial to assessee e4 ept Salary$ e)ery ie., eit&er DTAA or Domesti Pro)isions, TDS s&all %e year ma"e .it& s! & pro)isions. 19;@ 1T56 on ,nits * A!t!al '!n" !*s 10:23D$ to Non #esi"ents 19;5 Interest In ome* 1T56 on '55@s* 6D#s* @on"s of PS,s 10% 1.T.5.6. as refeer" !*s 11-A@ Any Person 8ffs&ore !*s 2:31$ '!n" 1. No TDS on : :a$ In ome on !nits reffere" !*s 11-A@, e4empt !*s 10:3-$( :%$ 1.T.5.6. on !nits e4empt !*s 10:3J$.

10% Any Payment Any Person Non ma"e ..r.t. !*s 2:31$ #esi"ent Intt. or 1.T.5.6. on @on"s 2 6D# !*s 11-A5 20% Any Payment Any Person Notifie" ma"e !*s !*s 2:31$ 'IIs 11-AD

1. No TDS on "i)i"en" in ome re ei)e" on 6.D.#.s, %ein/ e4empt !*s 10:39$.

19;D In)estment In . on Se !rities

1. No TDS on 1T56*ST56 on transfer of se !rities !*s 11-AD.

7otes ?

1. 'or t&e p!rpose of se tions 1995, 199+, 199A, 199H 2 199I, In"i)i"!al*+,' s&o!l" only ma3e TDS if .ere o)ere" !*s 99A@ "!rin/ t&e pre e"in/ pre)io!s year :ie., .&ose 6ross #e eipts or T!rno)er e4 ee"s #s. 100 1a s :for @!siness$ or #s.2- 1a s:for Profession$, "!rin/ pre e"in/ pre)io!s Iear$. 2. TDS s&all %e ma"e on Payment or 5re"it .&i &e)er is earlier, in respe t of t&e se tions 193, 199A, 1995, 199D, 199E, 1996, 199+, 199I, 199H, 1991@, 19915, 19-, 19;@, 19;5 2 19;D. 3. T&e amo!nt .&i & is s!%>e t to TDS lia%ility, t&o!/& %ein/ re"ite" to any a o!nt, e)en !n"er S!spense a* .ill "eeme" to %e re"ite" to t&e a o!nt of t&e payee. 9. E4pense .ill %e "isallo.e", if TDS not ma"e !*s 193, 1995, 199+, 199A, 199H 2 199I or if ma"e 2 not yet "eposite", !*s 90:a$:ia$. -. TDS !*s 192, 199A, 1996 2 199+ an %e "eposite" on t&e <!arterly %asis also on t&e prior appro)al %y "epartment. ;. No S!r &ar/e 2 5ess .ill %e le)ie", ..e.f. 01*09*2009. +o.e)er, TDS ma"e ..r.t. payments ma"e to non0resi"ent .ill %e lia%le for le)y of E"! ation 5ess 2 Se on"ary 2 +i/&er E"! ation 5ess. G. TDS .ill %e "e"! te" on amo!nt in l!si)e of Ser)i e Ta4, e4 ept in ase of TDS on #ent. J. TDS #ate appli a%le, in ase of non a)ailia%ilty of PAN is 20% or A t!al #ate .&i &e)er is &i/&er from '.I. 2010011 !*s 20;AA. 9. Interest .ill %e &ar/e" to payee on fail!re to "e"! t or pay , .&ole or any part of ta4 as follo.s :0 0 1 % per mont& or part of mont&, on t&e amo!nt of s! & ta4, from t&e "ate on .&i & s! & ta4 .as "e"! ti%le to t&e "ate on .&i & s! & ta4 is a t!ally "e"! te". 0 1.- % per mont& or part of mont&, on t&e amo!nt of s! & ta4, from t&e "ate on .&i & s! & ta4 is "e"! te" to t&e "ate on .&i & s! & ta4 is a t!ally pai" =Se 201:1A$?. 10. 1ast Dates for : a$ Deposition of TDS .it&o!t late interest : 0 TDS ma"e from April to 'e%r!ary 0 Gt& of follo.in/ mont& in .&i & TDS ma"e ( 0 TDS ma"e in Aar & 0 30t& of April . %$ Deposition of TDS for /ettin/ e4pen"it!re to %e allo.e" in t&e same pre)io!s year : 0 TDS ma"e from April to 'e%r!ary 0 31st Aar & :i.e., @alan e S&eet Date$ ( 0 TDS ma"e in Aar & 0 30t& Septem%er :i.e., 1ast Date of 'ilin/ of In ome Ta4 #et!rn$. $ Deposition of M!artely TDS #et!rns :.it&o!t Penalty$ : 0 'or I, II 2 III M!arters 0 1-t& of t&e follo.in/ mont& from t&e en" of M!arter : +o.e)er, t&e a%o)e rele)ant "!e "ates for I,Ii 2 III Mtrs. for t&e /o)t. "e"! tor is 31st instea" of 1-t&$ ( 0 'or IC M!arters 0 1-t& of Aay. 11. TDS ertifi ates to %e iss!e" man"atorily, ..e.f. 01st April, 2012 in 'orm 1;A or 1;@:for TDS !*s 199IA$ /enerate" 2 "o.nloa"e" online t&ro!/& TIN 5entral System : ie., from .e%site E....t"s p ./o).inE $ .it& a !ni<!e TDS 5ertifi ate No. :e4 ept 'orm 1;$, .it& t&e "i/ital si/nat!res 2 s&all %e iss!e" <!arterly .it&in 1- "ays of fillin/ of <!arterly statements !*s 203. =+o.e)er, in ase of Salary, 5ertifi ate to %e iss!e" !pto 31st Aay from t&e en" of t&e rele)ant pre)io!s year?. 12. TDS man"atorily re<!ire" to %e "eposite" ele troni ally in t&e follo.in/ ases : =Se t. 200? a$ 5ompany( %$ Ta4 A!"it Assessee

13. #elief from TDS an %e a)aile" %y t&e assessee !*s 19G : Dept. appro)al for lo.er or no "e"! tion $ 2 19GA :Self "e laration only for no "e"! tion of TDS in '8#A 1-+ 2 1-6, if t&e in ome is %elo. @.E.1.$ : 0 #elief !*s 19G 0 ..r.t. all se tions e4 ept 199@, 199@@, 199E, 1991@, 19;@, 19;5 2 19;D. 0 #elief !*s 19GA 0 ..r.t. 193, 199 2 199A. 19. De"! tor .ill %e allo.e" to a">!st e4 ess TDS "eposite" in any <!arter of a '.I., .it&in anyot&er <!arter of t&e same '.I. +o.e)er, if anEt %e a">!ste" "!rin/ t&e same '.I., payer s&all %e allo.e" ref!n" for t&e same. Pro)i"e" : 0 5re"it of t&at e4 ess amo!nt &as not %een laime" %y t&e "e"! tee( 0 De"! tor &as not allo.e" TDS ertifi ate to t&e "e"! tee for t&e e4 ess amo!nt( 0 De"! tee is a resi"ent. 0 #ef!n" &as laime" .it&in 2 years:.it& t&e appro)al of A""itional 5IT:TDS$$ from t&e en" of t&e '.I. in .&i & t&e TDS .as "e"! ti%le. = E4 ess TDS 7 TDS "eposite" 0 TDS "e"! ti%le ? 1-. No TDS on Interest or Di)i"en"s or 8t&er s!ms paya%le to follo.in/s as spe ifie" !*s 19; : 1. 6o)ernment ( 2. #eser)e @an3 of In"ia ( 3. A!t!al '!n"s ( 9. 5orporation esta%lis&e" !n"er any 5entral a t .&ose In ome is e4empt from Ta4.

0 Prepare" %y : Tar!n L. Pan>.ani = 1ast !p"ate" ..r.t. T&e 'inan e A t, 2013 ? e0mail i" : tarunpanjwaninic@gmail.com