TDS Rate Chart for FY 2017-18 AY 2018-19 Updated as per Union Budget Proposals 2017-18 presented in Parliament on 1st February, 2017
|
Section |
Nature of Payment |
Rate-HUF/Ind |
Rate-Others |
|
192 |
Salaries |
Average rate |
– |
|
192A |
Payment of accumulated balance due to an employee |
||
|
193 |
Interest on Securities > Rs.10,000 |
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 : |
10 |
|
|
194B |
Lottery / Cross Word Puzzle > Rs. 10000/- |
30 |
30 |
|
194BB |
Winnings from Horse Race > Rs. 10,000/- |
30 |
30 |
|
194C |
Contracts: Aggregate annual limit > Rs. 1,00,000/- |
1 |
2 |
|
194D |
Insurance Commission > Rs. 15,000/- |
5 |
5 |
|
194DA |
Payment in respect of Life Insurance Policy |
01 |
– |
|
194E |
Payments to non-resident sportsmen or sports associations |
20 |
20 |
|
194EE |
Payments in respect of NSS Deposits |
10 |
– |
|
194F |
Repurchase of units by MF/UTI |
20 |
20 |
|
194G |
Commission on sale of lottery tickets > 15000/- |
5 |
5 |
|
194H |
Commission or Brokerage > 15000/- |
5 |
5 |
|
194I |
Rent of Machinery, Plant or Equipment > Rs. 1,80,000 |
2% |
2% |
|
Land, building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings > Rs. 1,80,000 |
|
|
|
|
194IA |
Transfer of immovable property other then agricultural Land >50 Lakhs |
1% |
1% |
|
194IB |
Payment by individual/HUF (other than those covered u/s 194I or not covered u/s 44AB) of Rent exceeding Rs. 50000/- for a month or part of a month during the previous year (w.e.f 01-06-2017) |
5% |
5% |
|
194IC |
Payment under Builders agreement-A person owning land or building or both, agreeing to allow another person to develop a real estate project on such land or Building or both, in consideration of a share, being land or building or both in such project whether with or without payment of part of the consideration in cash. wef 01-04-2017 |
10% |
10% |
|
194J |
Professional/ Technical charges/Royalty & Non-compete fees /payments to directors > Rs. 30,000/- If the payee is engaged only in the business of operation of call centre (w.e.f. 01-06-2017) |
2% |
2% |
|
194LA |
Compensation on acquisition of immovable property > Rs.2,50,000/- No deduction where payment is made in respect of any award or agreement which has been exempted from income-tax u/s 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (w.e.f 01-04-2017) |
10% | 10% |
|
|
|
|
|
|
194LBA |
Income in the nature of interest received or receivable from a special purpose vehicle, distributed by a business trust to its unit holders. Distribution of income by a business trust being a real estate investment trust |
10 5 Rates specified in Part II First Schedule |
10 5 Rates specified in Part II First Schedule |
|
194LBB |
Payments to a unit holder in respect of units of Investment Fund u/s 115UB |
|
|
|
194LC |
Interest to Non Resident from Indian company/business trusts engaged in certain business. |
|
|
|
194LD |
Interest on certain Govt Bonds/Securities payable on or after 01-06-2013 but before 01-07-2020 |
|
|
|
195/196B/196C/196D/ 196E |
Payment to non-residents |
|
|
Surcharge
| Non Residents other than company (if income exceeds Rs. 50 Lakhs but not exceeds Rs. 1 Crore) | 10% |
| Non Residents other than company (if income exceeds Rs. 1 Crore) | 15% |
| Non Resident companies if income is between Rs. 1 Crore and 10 Crore | 2% |
| Non Resident companies if income is greater than Rs. 10 Crore | 5% |
| Surcharge on Coperative Society & Firms in case of Non-Residents (if income exceeds Rs. 1 crore) | 12% |
Note: Surcharge not applicable for payments made to resident individual/ HUF /Firm/LLP/ AOP / BOI/Domestic Company except salary.
Due dates for deposit of TDS:
| Deductions made in the month of March | On or before 30th April |
| Deductions made other than month of March and tax on perquisites opted to be deposited by employer | On or before seven days from the close of the month |
Due dates for filing quarterly TDS Returns:
| Due dates for TDS quarterly Returns | ||
| Quarter | Period of Return | Due Date |
| Q1 | 1 Apr – 30 June | 31st July |
| Q2 | 1 July – 30 Sept | 31st Oct |
| Q3 | 1 Oct – 31 Dec | 31st Jan |
| Q4 | 1 Jan – 31 Mar | 31st May |
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