Rates of TDS

TDS / TCS RATES  FOR F.Y. 2013-14 & 2014-15

 Section  Nature of Payment  Threshold Limit of Payment  FY (2014-15)
192

Income from Salary

 Senior Citizen (60 Years)

 Rs. 2,50,000 Average rate of Tax + edu. Cess Surcharge if Salary > 1 cr

 Super Senior Citizen (80 Years)

 Rs. 5,00,000
 Others  Rs. 2,00,000
193 Interest on Securities Rs. 5000 10%
194A

Interest from a Banking Company

 Rs. 10,000 per annum

10%
194A

Interest other than from a Banking Co.

 Rs. 5,000 per annum

10%
194B

Winning from Lotteries & Cross Word Puzzles

 Rs. 10,000 per annum 30%
194BB

Winning from Horse Races

 Rs. 5,000 per annum 30%
194C

Payment to Contractors; Sub-contractor; Advertising Contractors

 Rs. 30,000 per contract (or)  

Individual/HUF 1%

Others 2%

 Rs. 75,000 per annum

194D

Insurance Commission

 Rs.20,000 per annum

10%
194E

Non-resident Sportsman or Sports Association

  – 20%
194G

Commission on Sale of Lottery Tickets

 Rs.1000

10%
194H

Commission/Brokerage

 Rs. 5,000 per annum

10%
194-I

Rent on Plant / Machinery

 Rs. 1,80,000 per annum 2%
194-I

Rent Other then Plant / Machinery

 Rs. 1,80,000 per annum

10%
194-IA Payment on transfer of Non agricultural immovable property (wef 01.06.13) Rs. 50,00,000 1%
194J

Fees for Professional / Technical Services

 Rs. 30,000 per annum

10%
194J(1)(ba) Any remuneration or commission paid to director of the company (other than salary)   10%
194LA Compulsory Acquisition of Immovable Property Rs. 2,00,000 10%
TCS Rates
206C

Scrap

 –

1%
206C

Tendu Leaves

 –

5%
206C

Timber obtained under a forest lease or other mode

 –

2.50%
206C

Any other forest produce not being a Timber or tendu leave

 –

2.50%
206C

Alcoholic Liquor for Human Consumption

 –

1%
206C

Packing lot, toll plaza, mining & quarrying

 –

2%
206C Purchase of Bullion/ Jewellery in cash

Rs. 2 Lacs per transaction (Bullion)

Rs. 5 Lacs per transaction (Jewellery)

1%
206C Purchase of coal lignite, Iron ore by a trader 1%