TDS Rate in India for Financial Year 2014-2016? What are the Exemption Limit for Assessment Year 2015-2016 (FY 2015-2016?)

TDS Rates for Financial Year (FY) 2014-2015 Assessment Year (A.Y. 2015-2016)

 

Income Tax Act Section	Nature of Payment or Credit	Cut off Amount	Rate %Individual/ HUF	Rate % Others
Section 192	TDS on Salary Resident individual whose total income does not exceed Rs. 500000   Others	2,50,000   2,50,000	Monthly Average Rate -do-	NA   NA
Section 192A	Provident Fund Payment of Accumulated balance due to employee's provident fund scheme 1952 to employees (w.e.f 1.6.2015)	30,000	10	-
Section 193	Interest on securities a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; c) any security of the Central or State Government; d) interest on any other security	5,000	10	10
Section 194	Dividends Before making payment to? shareholder, other than dividend declared U/s. 115-0, when amount exceeds Rs. 2,500/-	2,500	20	20
Section 194A	TDS on interest other than on Securities (By Bank)	10,000	10	10
Section 194A	TDS on interest other than Securities (By Others)	5,000	10	10
Section 194B	TDS on Winning from Lottery/Cross word Puzzle	10,000	30	30
Section 194BB	TDS on Winning from Horse Race	5,000	30	30
Section 194C(1)	TDS on Labour Contract, AMC, Work Contract, Man Power Consultancy -Single Payment Aggregate Payment in F.Y	30,000 75,000	1   1	2   2
Section 194C(2)	TDS on Sub contracts and Advertisement contracts	As above	1	2
Section 194D	TDS on Insurance Commission	20,000	10	10
Section 194DA	LIC - At the time of payment when the amount or the total amount during the whole year exceeds Rs. 1 ,00,000/-	1,00,000	2	-
Section 194H	TDS on commission or brokerage other than insurance Commission	5,000	10	10
Section 194I	TDS on Rent -Land and Building, Furniture and Fixtures	1,80,000	10	10
Section 194I	TDS on Rent -Plant and Machinery, Equipments	1,80,000	2	2
Section 194IA	TDS on Transfer of Immovable Property (w.e.f. 1.6.2013)	50,00,000	1	1
Section 194J	TDS on Professional, Technical Charges, Royalty, Non Compete Fees	30,000	10	10
Section 194(1)(ba)	TDS on Remuneration or Commission paid to Director	Nil	10	10
194LB	Payment of interest on infrastructure debt fund to non resident or foreign company		5	5
194LBA	Payment of distributed income to resident unit holder by a business trust and Payment of distributed income to non resident unit holder by a business trust		10 - 5
194LBB	Payment of distributed income to unit holder in respect of units of an investment fund (w.e.f 01-06-15)		10	10
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	5
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	5
206C	Collection on Sale of bullion and Jewellery	2,00,000	1	1

PAN

Income Tax PAN FAQ, Answers & Guidance

Tax Audit

What is the turn over limit for tax audit? Who needs to get audited the accounts under section 44AB?

Taxation on Charitable Trust and NGO

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