The TDS rates are applicable for financial Year 2012-13 and Asstt. Year 2013-14. In this regard the Deductor always confused about Threshold Limits of TDS and section-wise TDS Rates to Deduct TDS from Deductee in the financial Year 2012-13. The below table is described the latest Threshold Limit and section-wise TDS Rates for Asstt. Year 2013-14 to deduct TDS from Deductee. In case when PAN is not available then higher rates is applicable which is also given in following table:
Nature of Payment
Made To Residents
|
Threshold
|
Company / Firm /
Co-operative Society / Local Authority
|
Individual / HUF
|
If No / Invalid PAN
|
Section - Description
|
(Rs.)
|
Rate (%)
|
Rate (%)
|
Rate (%)
|
192 - Salaries
|
-
|
NA
|
Average rates as
applicable
|
30
|
193 - Interest on securities
|
-
|
10
|
10
|
20
|
194 - Dividends
|
-
|
10
|
10
|
20
|
194A - Interest other than interest on
securities - Others
|
5000
|
10
|
10
|
20
|
194A - Banks
|
10000
|
10
|
10
|
20
|
194B - Winning from Lotteries
|
10000
|
30
|
30
|
30
|
194BB - Winnings from Horse Race
|
5000
|
30
|
30
|
30
|
194C - Payment to Contractors
|
30000
|
2
|
1
|
20
|
Payment to Contractors - Single Transaction
|
-
|
-
|
-
|
20
|
Payment to Contractors - Aggregate During FY
|
-
|
-
|
-
|
20
|
194C - Pay to Adv / Sub Contr
|
30000
|
2
|
1
|
20
|
194D - Insurance Commission
|
20000
|
10
|
10
|
20
|
194E - Payment to Non-Resident Sportsmen or
Sports Association
|
-
|
-
|
-
|
|
- Applicable up to June 30, 2012
|
-
|
10
|
10
|
20
|
- Applicable from July 1, 2012
|
-
|
20
|
20
|
20
|
194EE - Payments out of deposits under NSS
|
2500
|
20
|
-
|
20
|
194F - Repurchase Units by MFs
|
1000
|
20
|
20
|
20
|
194G - Commission - Lottery
|
1000
|
10
|
10
|
20
|
194H - Commission / Brokerage
|
5000
|
10
|
10
|
20
|
194I - Rent - Land and Building
|
180000
|
10
|
10
|
20
|
194I - Rent - Plant / Machinery
|
180000
|
2
|
2
|
20
|
194J - Professional Fees
|
30000
|
10
|
10
|
20
|
194LA - Immovable Property
|
100000
|
10
|
10
|
20
|
194LB - Income by way of interest from
infrastructure debt fund (non-resident)
|
-
|
5
|
5
|
20
|
Sec 194 LC - Income by way of interest by an
Indian specified company to a non-resident / foreign company on foreign
currency approved loan / long-term infrastructure bonds from outside India
(applicable from July 1, 2012)
|
-
|
5
|
5
|
20
|
195 - Other Sums
|
-
|
Average rates as
applicable
|
-
|
30
|
196B - Income from units
|
10
|
10
|
20
|
|
196C-Income from foreign currency bonds or GDR
(including long-term capital gains on transfer of such bonds) (not being
dividend)
|
-
|
10
|
10
|
20
|
196D - Income of FIIs from securities
|
20
|
20
|
20
|
20
|
