Sections And Rates Applicable For TDS On A Transaction

Sections and Rates for Deduction of Tax:

TDS (Tax Deduction at source) RATES FOR FINANCIAL YEAR 2013-14

SR. No.	Section Of the Income Tax Act, 1961	Nature of Payment	Threshold Limit (Rs.)	Rate %
SR. No.	Section Of the Income Tax Act, 1961	Nature of Payment	Threshold Limit (Rs.)	HUF/IND	Others
1	192	Salaries		Average Rate
2	193	Interest on debentures	5000	10	10
3	194	Deemed dividend	–	10	10
4	194A	Interest other than Int. on securities (by Bank)	10000	10	10
4A	194A	Interest other than Int. on securities (By others)	5000	10	10
5	194B	Lottery / Cross Word Puzzle	10000	30	30
6	194BB	Winnings from Horse Race	5000	30	30
7	194C(1)	Contracts	30000	1	2
8	194C(2)	Sub-contracts/ Advertisements	30000	1	2
9	194D	Insurance Commission	20000	10	10
10	194EE	Payments out of deposits under NSS	2500	20	–
11	194F	Repurchase of units by MF/UTI	1000	20	20
12	194G	Commission on sale of lottery tickets	1000	10	10
13	194H	Commission or Brokerage	5000	10	10
14	194I	Rent (Land & building) furniture & fittings)	180000	10	10
14	194I	Rent (P & M , Equipment)	180000	2	2
15	194 IA	TDS on transfer of immovable property other than agriculture land (wef 01.06.13)	50 Lakh	1	1
16	194J	Professional/Technical charges/ Royalty & Non-compete fees	30000	10	10
17	194J(1)(ba)	Any remuneration or commission paid to director of the company(Effective from 1 July 2012)	NIL	10	10
18	194LA	Compensation on acquisition of immovable property	200000	10	10