TDS Chart for Financial Year (FY) 2016-17

TDS Chart for Financial Year (FY) 2016-17

(Assessment Year 2017-18)

  • T. D. S. short for Tax Deducted at Source is an obligation on the part of every business, which meets certain criteria.
  • Every Deductor has to deduct a specified percentage of the amount being paid.

Below is the chart containing rates of tax at which TDS has to be deducted.

Section Nature of Payment TDS Exemption Limit FIELD4 Up to 31-05-2016 w.e.f. 01-06-2016
192 Income from Salary Senior Citizen (above 60 Years) Rs. 3,00,000 Average rate of Tax +Education Cess + Surcharge if applicable shall be deducted on monthly basis.
Super Senior Citizen (above 80 Years) Rs. 5,00,000
Other individual Rs. 2,50,000
192A Accumulated balance of provident fund (Premature Withdrawal) Upto 31-05-2016 Rs. 30,000 10% 10%
w.e.f. 01-06-2016 Rs. 50,000
193 Interest on Securities Rs. 5,000 10% 10%
194 Deemed Dividend u/s 2(22)(e) 10% 10%
194A Interest from a Banking Company Rs. 10,000 p. a. 10% 10%
194A Interest other than from a Banking Company Rs. 5,000 p. a. 10% 10%
194B Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort Rs. 10,000 p. a. 30% 30%
194BB Winning from Horse Races Upto 31-05-2016 Rs. 5,000 p.a. 30% 30%
w.e.f. 01-06-2016 Rs. 10,000 p.a.    
194C Transporters with valid PAN & to whom 44AE applicable   0% 0%
Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters) Upto 31-05-2016 30,000 per contract (or) Rs. 75,000/- p.a. Ind/Huf (Deductee) 1% Other Deductees 2% Ind/Huf (Deductee) 1% Other Deductees 2%
w.e.f. 01-06-2016 30,000 per contract (or) Rs. 1,00,000/- p.a.
194D Insurance Commission Upto 31-05-2016 Rs. 20,000 10% 5%
w.e.f. 01-06-2016 Rs. 15,000
194DA Payment under life insurance policy (including Bonus) Rs.1,00,000 p. a. 2% 1%
194E Non-resident Sportsman or Sports Association 20% 20%
194EE Out of deposit under NSS Rs.2,500 Ind. or HUF 20% Other NA Ind. or HUF 10% Other NA
194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India 20% 20%
194G Commission on Sale of Lottery Tickets Upto 31-05-2016 Rs. 1,000 10% 5%
w.e.f. 01-06-2016 Rs. 15,000
194H Commission/Brokerage Upto 31-05-2016 Rs. 5,000 p. a. 10% 5%
w.e.f. 01-06-2016 Rs. 15,000 p. a.
194-I Rent on Plant / Machinery Rs. 1,80,000 p. a. 2% 2%
194-I Land or building or furniture or fitting Rs. 1,80,000 p. a. 10% 10%
194-IA Payment or transfer of Non -agricultural immovable property Rs. 50,00,000 & above 1% 1%
194J Fees for Professional / Technical Services Rs. 30,000 p. a. 10% 10%
194LA Compulsory Acquisition of immovable Property Upto 31-05-2016 Rs. 2,00,000 10% 10%
w.e.f. 01-06-2016 Rs. 2,50,000
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