TDS/TCS Rates Chart for A Y 2014-15
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In the Chart given below I have compiled the TDS / TCS rates as applicable for Assessment year (AY) 2014-15 or Financial Year (FY) 2013-14. In this Year Government has made TDS applicable on Compensation / Consideration on transfer of certain immovable property other than agricultural land (w.e.f. 01 .06.2013). In addition to this government has also introduced Concessional rate of TDS in respect of interest income of a non-resident from rupee-denominated bonds or government securities u/s. 194LD.
A. TDS Rate Chart for A Y 2014-15 on Payments other than Salary and Wages
|
Section |
Nature of Payment |
Threshold |
Payment to |
|
|
Individual |
Others |
|||
|
193 |
Interest on Debentures |
Rs. 5000/- |
10% |
10% |
|
194 |
Deemed Dividend |
- |
10% |
10% |
|
194 A |
Interest by banks (Other than interest on securities) |
Rs. 10000/- |
10% |
10% |
|
194 A |
Interest by Others (Other than interest on securities) |
Rs. 5000/- |
10% |
10% |
|
194 B |
Winnings from Lotteries / Puzzle / Game |
Rs. 10000/- |
30% |
30% |
|
194 BB |
Winnings from Horse Race |
Rs. 5000/- |
30% |
30% |
|
194 C (1) |
Payment to Contractors |
Rs. 30000/- |
1% |
2% |
|
194 C (2) |
Payment to Sub-Contractors / for Advertisements |
Rs. 30000/- |
1% |
2% |
|
194 D |
Payment ofInsurance Commission |
Rs. 20000/- |
10% |
10% |
|
194 EE |
Out of deposits under NSS |
Rs. 2500/- |
20% |
NA |
|
194 G |
Commission on Sale of Lottery tickets |
Rs. 1000/- |
10% |
10% |
|
194 H |
Commission or Brokerage |
Rs. 5000/- |
10% |
10% |
|
194 I |
Rent of Land, Building or Furniture |
Rs. 180000/- |
10% |
10% |
|
194 I |
Rent of Plant & Machinery |
Rs. 180000/- |
2% |
2% |
|
194 J |
Professional /technical services, royalty |
Rs. 30000/- |
10% |
10% |
|
194 J |
Remuneration / commission to director of the company |
- |
10% |
10% |
| 194 J (ba) | w.e.f. 01 .07.2012Anyremuneration / fees / commission to a director of a company, other than those on which tax is deductible under section 192. |
- |
10% |
10% |
|
194 LA |
Compensation onacquisition of certain immovable property |
Rs. 2,00,000/- |
10% |
10% |
|
194 IA |
Compensation ontransfer of certain immovable property other than agricultural land (w.e.f. 01 .06.2013) |
Consideration is |
1% |
1% |
|
194LD |
Interest on certain bonds & Govt. securities (w.e.f. 01 .06.2013) |
5% |
5% |
|
B. The Tax Collection at Source Rates for the Financial Year 2013-14 is tabulated below:
|
Sl. No. |
Nature of Goods |
Rates in % |
|
1 |
Alcoholic liquor for human Consumption |
1 |
|
2 |
Tendu leaves |
5 |
|
3 |
Timber obtained under forest lease |
2.5 |
|
4 |
Timber obtained by any mode other than a forest lease |
2.5 |
|
5 |
Any other forest produce not being timber or tendu leaves |
2.5 |
|
6 |
Scrap |
1 |
|
7 |
Parking lot |
2 |
|
8 |
Toll plaza |
2 |
|
9 |
Mining & Quarrying |
2 |
|
10 |
Minerals, being coal or lignite or iron ore |
1 |
|
11 |
Bullion or jewellery (if the sale consideration is paid in cash exceeding INR 2 lakhs) |
1 |
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