Rates for Tax deduction at source (TDS Rates)

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Tax is deductible at source at the rates given in table below. If PAN of the deductee is not intimated to the deductor, tax will be deducted at sourc  either at the rate given in the table or at the rate of 20 per cent, whichever is higher.  If payment or credit is made or given to a deductee who is located in a notified jurisdictional area, tax is deductible at the rate given in the table or at the rate of 30 per cent, whichever is higher.

TDS rates for the financial year 2014-15 are as follows—

CATEGORY A - WHEN RECIPIENT IS RESIDENT

Nature of payment

TDS (SC : Nil, EC : Nil, SHEC :Nil)

Sec 192: Payment of salary [normal tax rates are applicable including cess]

Sec 193: Interest on securities
 a.  interest on (a) debentures/securities for money issued by or on behalf of any local authority/statutory corporation, (b) listed debentures of a company [not being listed securities in demat form], (c) any security of the Central or State Government [i.e., 8% Savings (taxable) Bonds, 2003, but not any other Government security]

10

 b.  any other interest on securities (including interest on non-listed debentures)

10

Sec 194: Dividend
 a.  deemed dividend under section 2(22)(e)

10

 b.  any other dividend

Nil

Sec 194A: Interest other than interest on securities

10

Sec 194B: Winnings from lottery or crossword puzzle or card game or other game of any sort

30

Sec 194 BB: Winnings from horse races

30

Sec 194C:  Payment or credit to a resident contractor/sub-contractor—
 a.  payment/credit to an individual or a Hindu undivided family

1

 b.  payment/credit to any person other than an individual or a Hindu undivided family

2

Sec 194D: Insurance commission

10

Sec 194DA: Payment in respect of life insurance policy (applicable from October 1, 2014)

2%

Sec 194EE: Payment in respect of deposits under National Savings Scheme, 1987

20

Sec 194F: Payment on account of repurchase of units of MF or UTI

20

Sec 194G: Commission on sale of lottery tickets

10

Sec 194H: Commission or brokerage

10

Sec 194-I: Rent—
 a.  rent of plant and machinery

2

 b.  rent of land or building or furniture or fitting

10

Sec 194-IA: Payment/credit of consideration to a resident transferor for transfer of any immovable property (other than rural agricultural land)

1

Sec 194J: Professional fees, technical fees, royalty or remuneration to a director

10

Sec 194LA: Payment of compensation on acquisition of certain immovable property

10

Sec 194LBA(1): Payment of the nature referred to in section 10(23FC) by business trust to resident unit holders (applicable from October 1, 2014)

10%

 

For Non Resident / Foreign Company TDS rates click here:

 

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