Rate Of TDS

   Nature of payment (a)

  When to be deducted ( Due or payment whichever is         earlier ) (b)

Deduction Rate ( If no

PAN - 20%) (c)

 Interest

 (Sec 194A)

 If Payment made or credit made to any person exceeding     Rs.10000/- during the FY.

10%

 Contractor  payment

 (Sec 194C)

 If  single credit/payment to contractor/sub contractor at a   time  exceeds Rs. 30000/-

 Or if aggregate credit/payment during financial year exceeds   Rs. 1 Lac

 Note:

 In case of payment to transporter, if Transporter own 10 or   less than 10 Goods carriage at any time during the financial   year – NO TDS, we have to obtain declaration and file with   TDS return.

Recipient is

individual/ HUF - 1%

Others - 2%

 Rent

 (Sec 194I)

 If credit/payment exceeds Rs. 50000 per month or part of the    month.

 (i ) Plant & Machinery or Equipment

 (ii)  Land & Building and Furniture or fittings

2%

10%

 Professional

 (Sec194J)

 Technical services

 If payment/credit exceeds RS. 50000/- in aggregate during   the year

10%

2%

 If services provided are not professional but Technical   services if payment excess Rs. 50000/- in aggregate in the   year.

 Commission or brokerage

 (Sec 194H)

 If payment/credit exceeds Rs. 20000/- in aggregate during   the year

2%

 Benefits given in any form to any   resident while carrying out any   business or profession by such   resident. (Sec 194R)

 If perks/ Benefit  given exceeds Rs. 20,000/-in one financial   year to such beneficiary

10%

 Purchases of goods exceeding 50   Lakh from one supplier (Turnover   exceeds 10 Crore in previous     financial year)

 (194Q)

 In case of Purchase of Goods

 Any sum paid or payable whichever is earlier to a resident   for purchase of goods exceeding Rs. 50 Lakh during that   financial year

0.1%

 194T

 Paying in the Nature of Salary, Remuneration, Commission   or Bonus to its partner if payment/credit exceeds

 Rs. 20,000 during the Financial Year

10%

 Nature of payment

 When to be deducted

Rate of deduction

 Payment For Rent of land and Building

 (Sec 194-IB)

 Any Individual/HUF responsible for the   payment more than Rs.50000 per month or   part of month-

2%

 Salaries

 (Sec 192)

 If total amount payable during the financial   year after deductions is taxable.

Tax +SC +cess has to be deducted in equal monthly instalments

  Purchase of Immovable Property other   than Agricultural Land

 Sec 194-IA)

 If payment/credit exceeds

 Rs. 50,00,000/-

1% of the sum or Stamp duty value whichever is higher

 TDS on all type of payment to resident   contractors, commission agents and   professionals by all Individual or HUF   not covered u/s 194C,194H,194J -   (194M)  

 50lakh

2%

 Nature of Payment

 When to be Collected

Rate of Deduction

( If no PAN - 5%)

 206C(1F)

 Every person who sells the motor vehicle exceeding Rs 10lakh.

1%

 Sale of Scrap, Minerals, being Coal or lignite or iron ore (206C)

 On sale amount of Scrap etc.

1% of sale amount