|
Section |
Heads |
Existing Provision till 31.05.2016 |
Provisions w.e.f 01.06.2016 |
|
192A |
Payment of accumulated balance due to an employee |
No TDS ,if payment does not exceed Rs. 30,000 |
No TDS ,if payment does not exceed Rs. 50,000 |
|
Rate in force 10% |
Rate in force 10% |
||
|
193 |
Interest on Securities |
No TDS ,if payment does not exceed Rs. 5,000 |
No TDS ,if payment does not exceed Rs. 5,000 |
|
Rate in force 10% |
Rate in force 10% |
||
|
194 |
Dividend |
- |
- |
|
Rate in force 10%( deemed dividend u/s 2(22)(e) NIL(any OtherDividend) |
Rate in force 10%( deemed dividend u/s 2(22)(e) NIL(any OtherDividend) |
||
|
194A |
Interest other than Interest on Securities |
No TDS ,if payment does not exceed Rs. 10,000/- p.a.( Banking) Rs. 5,000/- p.a.( Others) |
No TDS ,if payment does not exceed Rs. 10,000/- p.a.( Banking) Rs. 5,000/- p.a.( Others) |
|
Rate in force 10% |
Rate in force 10% |
||
|
194B |
Winning from Lotteries & Puzzles |
No TDS ,if payment does not exceed Rs. 10,000 p.a |
No TDS ,if payment does not exceed Rs. 10,000 p.a |
|
Rate in force 30% |
Rate in force 30% |
||
|
194BB |
Winnings from Horse Race |
No TDS ,if payment does not exceed Rs. 5,000 |
No TDS ,if payment does not exceed Rs. 10,000 |
|
Rate in force 30% |
Rate in force 30% |
||
|
194C |
Payments to Contractors |
Aggregate limit of annual 75,000 |
Aggregate annual limit of 1,00,000 |
|
Rate in force 1%(Individual/HUF) 2%(D Company/Firm)
|
Rate in force 1%(Individual/HUF) 2%(D Company/Firm)
|
||
|
194LA |
Payment of Compensation on acquisition of certain Immovable Property |
No TDS ,if payment does not exceed Rs. 2,00,000 |
No TDS ,if payment does not exceed Rs. 2,50,000 |
|
Rate in force 10% |
Rate in force 10% |
||
|
194D |
Insurance commission |
No TDS ,if payment does not exceed Rs. 20,000 |
No TDS ,if payment does not exceed Rs. 15,000 |
|
Rate in force (10%)
|
5% |
||
|
194F |
Payment on account of repurchase of units of MF or UTI |
No TDS ,if payment does not exceed Rs. 1,000 |
No TDS ,if payment does not exceed Rs. 1,000 |
|
Rate in force (20%)
|
Rate in force (20%)
|
||
|
194J |
Professional Fees & Technical Services |
No TDS ,if payment does not exceed Rs. 30,000 |
No TDS ,if payment does not exceed Rs. 30,000 |
|
Rate in force 10% |
Rate in force 10% |
||
|
194I |
Rent |
No TDS ,if payment does not exceed Rs. 1,80,000 |
No TDS ,if payment does not exceed Rs. 1,80,000 |
|
Rate in force 10% (Land/Building-194Ib) 2% ( Plant & Machinery-194Ia)
|
Rate in force 10% (Land/Building) 2% ( Plant & Machinery)
|
||
|
194G |
Commission on sale of lottery tickets |
No TDS ,if payment does not exceed Rs. 1,000 |
No TDS ,if payment does not exceed Rs. 15,000 |
|
Rate in force (10%)
|
5% |
||
|
194H |
Commission or brokerage |
No TDS ,if payment does not exceed Rs. 5,000 |
No TDS ,if payment does not exceed Rs. 15,000 |
|
Rate in force (10%)
|
5% |
||
|
194DA |
Payment in respect of Life Insurance Policy |
Rate in Force 2% |
1% |
|
194EE |
Payments in respect of NSS Deposits |
Rate in Force 20% |
10% |
|
194IA |
Immovable Property other than Agricultural Land |
No TDS ,if payment does not exceed Rs. 50,00,000/- |
No TDS ,if payment does not exceed Rs. 50,00,000/- |
|
Rate in Force 1% |
Rate in Force 1% |
||
|
206C |
Sale of vehicles; goods or services |
- |
1% |
|
Sale in goods/services in cash > 2 Lakh (Other than bullion and jewellery) (other than payments on which TDS is made) |
- |
1%
|
