TDS Rates for FY 2016-17 (AY 2017-18)
Tax Deducted at Source and related TCS rates for Financial Year 2016-17 and Assessment Year 2017-18, as presented for the period covered by Budget 2016.
Historical reference: This page is retained for FY 2016-17 / AY 2017-18 and has not been converted into a current-year TDS rate chart.
TDS Rates Applicable from 1 June 2016
Rate of Tax Deducted at Source (TDS) as per Finance Bill 2016 (Budget 2016) is set out below. The rates shown on this page are for the historical period covered by the original article.
TDS Rate Chart for FY 2016-17 / AY 2017-18
| 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 | Rs. 2,50,000 Rs. 2,50,000 | Monthly Average Rate -do- | NA NA |
| Section 192A | Payment of accumulated balance due of Employees' Provident Fund Scheme, 1952, to Employees | Rs. 50,000/- | 10% | NA |
| 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 | At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 5,000/- | 10% | NA |
| Section 194 | Before making payment to' shareholder, other than dividend declared U/s. 115-0, when amount exceeds Rs. 2,500/- | Rs. 2500 | 20% | |
| Section 194A | TDS on interest other than on Securities (By Bank) | Rs. 10,000 | 10% | 10% |
| Section 194A | TDS on interest other than Securities (By Others) | Rs. 5,000 | 10% | 10% |
| Section 194B | TDS on Winning from Lottery/Cross word Puzzle | Rs. 5,000 | 30% | 30% |
| Section 194BB | TDS on Winning from Horse Race | Rs. 10,000 | 30% | 30% |
| Section 194C(1) | TDS on Labour Contract, AMC, Work Contract, Man Power Consultancy -Single Payment Aggregate Payment in F.Y | Rs. 30,000 Rs. 1,00,000 | 1% 1% | 2% 2% |
| Section 194C(2) | TDS on Sub contracts and Advertisement contracts | As above | 1% | 2% |
| Section 194D | TDS on Insurance Commission | Rs. 15,000 | 10% | 10% |
| Section 194DA | Payment under life insurance policy (including Bonus) | Rs. 1,00,000 | 1% | |
| Section 194G | Commission on Lottery Tickets | Rs. 15,000 | 5% | |
| Section 194H | TDS on commission or brokerage other than insurance Commission | Rs. 15,000 | 5% | 5% |
| 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 | Rs. 1,80,000 | 2% | 2% |
| Section 194IA | TDS on Transfer of Immovable Property (w.e.f. 1.6.2013) | Rs. 50,00,000 | 1% | 1% |
| Section 194J | TDS on Professional, Technical Charges, Royalty, Non Compete Fees | Rs. 30,000 | 10% | 10% |
| Section 194(1)(ba) | TDS on Remuneration or Commission paid to Director | Nil | 10% | 10% |
| 194LA | Payment of Compensation of acquisition of immovable property | Rs. 2,50,000 | 10% | 10% |
| Section 194LB | Payment of interest on infrastructure debt fund to non resident or foreign company | At the time of credit or payment whichever is earlier | 5% | 5% |
| Section 194LBA | Payment of distributed income to resident unit holder by business trust At the time of credit or payment whichever is earlier Payment of distributed income to non resident unit holder by business trust | 10% 10% | 10% | |
| Section 194LBB | Payment of distributed income to unit holder in respect of units of an investment fund (w.e.f 01-06-15) | At the time of credit or payment whichever is earlier | 10% | 10% |
| Section 194LBC | Income from Investment in Securitization Trust | 25% | 30% | |
| Section 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) | At the time of credit or payment whichever is earlier | 5% | 5% |
| Section 194 LD | Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor | At the time of credit or payment whichever is earlier | 5% | 5% |
| Section 206C | Collection on Sale of bullion and Jewellery | At time of sale, if sale consideration is received in cash in excess of Rs. 2 Lacs . | 1% | 1% |
| 206C(1) (Viii) | Motor Vehicle Value exceeding Rs. 10,00,000/- | 10,00,000 | 1% | 1% |
| 206(1D) | Sale in cash of any goods (other than Bullion and jewellery) or providing any services (other than payments on which tax is deducted under chapter VII-B) exceeding Rs. 2,00,000/- | Rs. 2,00,000 | 1% | 1% |
This is a historical rate chart for the period shown above. It should not be read as a current-year rate table.