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TDS Rates List for FY.2017-18 as per Finance Act 2017

TDS Rates List for F.Y. 2017-18/A.Y-2018-19 as per  Finance Act 2017 TDS Rates Chart for F.Y. 2017-18 A.Y-2018-19 as per Finance Act 2017

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TDS Rates List for F.Y. 2017-18/A.Y-2018-19 as per  Finance Act 2017



Sections (192 to 196D) Nature of payment Rate for TDS (@) Deduction (Payment in excess of )
192
Salary-
(with Govt. and Private Employee)
TDS deducted As per the slab rates
Note- (30% if no valid PAN)
192A
Payment of accumulated balance due to an employee under (EPF) Employees Provident Fund Scheme,1952. (w.e.f 01-06-15)
10%
Note- (30% if no valid PAN)
when the amount of payment or accumulated  amount of payment exceeds Rs. 30,000 and Rs. 50,000/- (from 01.06.2016)
193
Deduction of tax at source from Interest on securities-
10%
Note- (20% if no valid PAN)
credit or payment, whichever is
earlier, when the
amount exceeds Rs.
10,000/-In case of Debentures Threshold limit is Rs. 5000/-
194
Deduction of tax at source from Dividend –
10%
Note- (20% if no valid PAN)
Before making payment to’ shareholder, other than dividend declared U/s. 115O, when amount exceeds Rs. 2,500
194A
Deduction of tax at source from Interest other than Interest on Securities-
10%
Note- (20% if no valid PAN)
In case of banks (including co-operative banks),at the time of payment  or credit , whichever is earlier, when the amount exceeds Rs. 10,000/-p.a.
In case of others, at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 5,000/-p.a.
194B
Deduction of tax at source from Winning from Lotteries -,Crossword Puzzles, and other games
30%
Note- (30% if no valid PAN)
Income of Rs. 10,000/- p.a.
194BB
Deduction of tax at source fromWinnings from horse races
30%
Note- (30% if no valid PAN)
Income of Rs. 10,000/- p.a.
194C
Deduction of tax at source from Payment to Contractors and sub contractors
For individuals /HUF 1%
if no Valid PAN)
For Others- 2% – Note- (20% if no valid PAN)
At the time of credit or payment, whichever is earlier, when the amount of a particular contract exceeds Rs. 30,000/- or the total amount of contract  exceeds Rs. 75,000/-p.a (Rs. 1,00,000 wef from 01.06.2016).
194D
Deduction of tax at source from Insurance Commission-
5%
Note- (20% if no valid PAN)
Credit or payment, whichever is earlier when the amount exceeds Rs. 15,000/-
194DA
Payment under life insurance -policy (including bonus) applicable from October 1,2014)
1%
Note- (20% if no valid PAN)
Payment amount exceeds
 Rs. 1 ,00,000/- p.a.
194E
Payment to Non-Resident Sportsmen or Sports Association
20%
Note- (20% if no valid PAN)
Credit or payment, whichever is earlier
194EE
Payment in respect of deposit under National Savings scheme (NSS)
10%
Note- (20% if no valid PAN)
Credit or payment, whichever is earlier when the amount exceeds Rs. 2,500/-
194F
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India
20%
Note- (20% if no valid PAN)
Credit or payment, whichever is earlier
194G
Commission on sale of lottery tickets
5%
Note- (20% if no valid PAN)
Credit or payment, whichever is earlier when the amount exceeds Rs. 15,000/-
194H
Deduction of tax at source Payment of commission brokerage-
5%  Wef (01.06.2016) Note- (20% if no valid PAN
At the time of credit or payment whichever is earlier when the amount exceeds Rs. 5,000/- [Rs. 15,000/-p.a. wef 01.06.2016)]
194I
Rent – Plant and Machinery or Equipments
2%
Note- (20% if no valid PAN)
Credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a.
194I
Deduction of tax at source from Income by way of rent Rent – Land and Building
10%
Note- (20% if no valid PAN)
Credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a.
194IA
Payment on transfer of certain immovable property other than agriculture land.
1%
Note- (20% if no valid PAN)
Credit or payment, whichever is earlier, when the land is situated in specified area when amount exceeds Rs. 50 lacs
194IB
Rent payable by an individual or HUF not covered u/s. 194I (W.E.F. from 01.06.2017)
Threshold limit Rs. 50,000/- per month. TDS to be deducted @ 5%
Tax shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of tenancy if the property is vacated during the year, as the case may be, to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier.

194IC
 Payment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement
Threshold limit Rs. Nil TDS to be deducted @ 10%
At the time of credit or payment, whichever is earlier
194J
Any sum paid by way of
a) professional fees-
b) technical fees
c) royalty
d) remuneration/fees/commission to a director
e)For not carrying out any activity in relation to any business
f) For not sharing any know-how, patent, copyright etc.-
For call center operator (only business) –  2%
For others 10 %
(Note- (20% if no valid PAN)Wef 01.06.2017
At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 30,000/-p.a.

194K
Income in respect of Units-
Omitted Wef 01.06.2016
Omitted Wef-01.06.2016
194L
Payment of Compensation on acquisition of Capital Asset-
Omitted Wef 01.06.2016
Omitted Wef- 01.06.2016
194LA
Payment on transfer of certain immovable property other than agricultural land
10%
Note- (20% if no valid PAN)
At the time of credit or payment whichever is earlier if amount exceeds Rs. 2,50,000 p.a.
194LB
Tax deduction from interest payable to non-resident by an infrastructure debt fund
5%
Note- (20% if no valid PAN)
At the time of credit or payment whichever is earlier
194LBA
Certain income from units of a business trust(applicable from 01.10.2014 )-
For non resident – 5% For others – 10% Note- (20% if no valid PAN)
At the time of credit or payment, whichever is earlier
194LBB
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] shall deduct tax therefrom (with effect from 01.06.2015)-
10% from 1-April-2016 to 31-May-2016 40% For Non Residents (1-Jun-2016 to 31-Mar-2017) 30 % For Non Residents (on or after 1-Jun-2016 ) (20% or Rate Applicable whichever is higher if no Valid PAN) –
At the time of credit or payment, whichever is earlier
194LBC
Income in respect of investment in securitisation trust. (From 01.06.2016)-
For Indian Residents: Individual and HUFs –  25%
Others – 30%
For Non Indian Residents : Company – 40%
Others – 30%
At the time of credit or payment, whichever is earlier
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
5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020) Note- (20% if no valid PAN)
At the time of credit or payment, whichever is earlier
194LD
Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor
5%  Note- (20% if no valid PAN)
At the time of credit or payment, whichever is earlier
195
TDS on Payment made to Non-Residents-
As per rates prescribed under income tax or DTAA
As per rates prescribed under income tax or DTAA
196A
Foreign company  unit holder of Mutual Fund-
For company – 10 %
For others  – 20%
At the time of credit or payment, whichever is earlier
196B
Income from units (including long-term capital gain on transfer of such units) to an offshore fund
10% Note- (20% if no valid PAN)
At the time of credit or payment, whichever is earlier
196C
Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)

10% Note- (20% if no valid PAN)
At the time of credit or payment, whichever is earlier
196D
Income of FIIs from securities-
20% Note- (20% if no valid PAN)
At the time of credit or payment, whichever is earlier


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AMIT PAL SINGH

Education- M.Com, CA Final, LL.B E-Mail-amittaxman@gmail.com Mo.No-07737452927

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