TDS Rates Chart for F.Y. 2015-16 A.Y. 2016-17
TDS Rate Chart F.Y. 15-16 A.Y. 16-17
Every deductor need to deduct TDS as prescribed in Income Tax Act Not more than that and not lower than that.
The payee can claim refund as per TDS certificate whether is wrongly deduction or higher deduction as the case may be.
TDS can be adjusted against any other payment made or credited if TDS has been wrongly deducted from a payment on which there is no liability to deduct TDS. No doubt, there is no penalty to deduct more or wrongly deduction of TDS. However, deductor will issue TDS certificate (Form 16/Form 16A) as per actual deduction.
The penalty for non-deposit of TDS will be imposed by Income Tax Department.
| Section | TYPE | HUF and INDIVIDUAL | OTHERS |
| 192 | Salaries | Average rate | – |
| 193 | Interest on Securities Above Rs.10,000 Interest on Debentures AboveRs. 5000/- | 10 | 10 |
| 194 | Deemed dividend u/s.2(22)(e) Dividends other than listed companies | 10 | 10 |
| 194A | Interest other than Interest on Securities (Including Recurring Deposits wef 01-06-2015) : Bank/Post office AboveRs.10000/- OthersAboveRs.5000/- | 10 | 10 |
| 194B | Lottery / Cross Word Puzzle Above Rs. 10000/- | 30 | 30 |
| 194BB | Winnings from Horse Race AboveRs. 5,000/- | 30 | 30 |
| 194C | Contracts:
Single Above Rs. 30,000 Aggregate Above Rs. 75,000 |
1 | 2 |
| 194D | Insurance Commission Above Rs. 20,000 | 10 | 10 |
| 194DA | (w.e.f. 01/10/2014)
Payment in respect of Life Insurance Policy Above Rs. 99,999/- |
02 | – |
| 194E | Payments to non-resident sportsmen or sports associations | 20 | 20 |
| 194EE | Refund of NSSAboveRs.2,500/- | 20 | – |
| 194F | Repurchase of units by MF/UTI | 20 | 20 |
| 194G | Commission on sale of lottery ticketsAboveRs.1,000 | 10 | 10 |
| 194H | Commission or Brokerage AboveRs. 5,000 | 10 | 10 |
| 194I | Rent of Machinery, Plant or Equipment AboveRs. 1,80,000 | 2% | 2% |
| Land, building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings Above Rs. 1,80,000 | 10% | 10% | |
| 194IA | Transfer of immovable property other then agricultural Land Above50 Lakhs | 1% | 1% |
| 194J | Professional/ Technical charges/Royalty & Non-compete fees /payments to directors Above Rs. 30,000 | 10% | 10% |
| 194LA | Compensation on acquisition of immovable propertyAboveRs.2,00,000 | 10 | 10 |
| 194LB | Interest from an Infrastructure Bond | 5 | 5 |
| 194LBA | Income in the nature of interest received or receivable from a special purpose vehicle, distributed by a business trust to its unit holders.
Resident Payee Non Resident PayeeDistribution of income by a business trust being a real estate investment trust (wef 01-06-2015) |
10
5Rates specified in Part II First Schedule |
10
5Rates specified in Part II First Schedule |
| 194LBB | Payments to a unit holder in respect of units of Investment Fund u/s 115UB | 10 | 10 |
| 194LC | Interest to Non Resident from Indian company/business trusts engaged in certain business. | 5 | 5 |
| 194LD | Interest on certain Govt Bonds/Securities payable on or after 01-06-2013 but before 01-06-2017 | 5 | 5 |
| 195 | Payment to Non Residents | Applicable Rate | Applicable Rate |
| 196B | Payment to Non Residents | Applicable Rate | Applicable Rate |
| 196C | Payment to Non Residents | Applicable Rate | Applicable Rate |
| 196D | Payment to Non Residents | Applicable Rate | Applicable Rate |
| 196E | Payment to Non Residents | Applicable Rate | Applicable Rate |
