What is the Rate of TDS in India for Financial Year 2013-14? What are the Exemption Limit for Assessment Year 2014-15 (FY 2013-14?

TDS Rates for Financial Year (FY) 2013-14 Assessment Year (A.Y. 2014-15)

 

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	2,20,000   2,00,000	Monthly Average Rate -do-	NA   NA
Section 193	TDS on Interest on Debenture	5,000	10	10
Section 194	TDS on Deemed Dividend	-	10	10
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 194EE	TDS on payment of NSS Deposit	2,500	20	NA
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
Section 194LA	TDS on Compensation on Acquisition of Immovable Property	2,00,000	10	10

Note: No surcharge or cess is applicable on payment made to residents other than salary

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