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FrequentlyUsedTDSRates&RelatedProvisionsFinancialYear20152016(AY20162017)
Natureofpayment
Sections
Paymentinexcessof
Individual/HUF
Others
Rs.5,000p.a.
10%
10%
Rs.30,000perpmtorRs.75,000p.a.
1%
2%
Nil
Nil
Nil
Rs.20,000p.a.
10%
10%
194A
InterestotherthanfromaBankingCo.
194C
194D
Contractors(includingadvertising,subcontractor&transporterotherthancoveredbelow)
TransportContractorswhoownstenorlessgoodscarriageatanytimeduringtheyear
andfurnishesPAN(w.e.f.162015)
InsuranceCommission
194H
CommissionorBrokerage
Rs.5,000p.a.
10%
10%
194I
RentofLandorBuilding(includingfactorybuilding)orFurnitureorFittings
Rs.1,80,000p.a.
10%
10%
194I
RentofPlant&MachineryandOtherEquipments
Rs.1,80,000p.a.
2%
2%
194IA
p y
g
TransferofImmovablePropertyotherthanAgricultureLand
, ,
Rs.50,00,000
1%
1%
194J
Paymentforprofessionalservices,technicalservices&royalty(Note4)
Rs.30,000p.a.
10%
10%
194C
AnypaymenttodirectorsotherthanthoseonwhichTDSisdeductableu/s192
194J(1)(ba)
10%
10%
Note1:NosurchargeandeducationcesstobeaddedwhiledeductingTDS
Note2:AsperSection206AA,TDSisrequiredtobededucted@20%ifthededucteedoesnotpossessORfailstofurnishPANNo.
Note3:CirNo.1/2014dt.13.01.2014TDStobedeductedonamountwithoutincludingservicetaxcomponentifintermsofagreement/contract,itisindicatedseparately.
/
g
p
g
/
,
p
y
Note4:Notificationno.21/2012dt.13.06.2012TDSisrequiredtobedeductedonacquisitionofsoftwareu/s194Jifconditionstatedthereinarenotsatisfied.
Months
Payment
DueDates
eReturn
filing
April2015
May2015
June2015
07.05.2015
07.06.2015
07.07.2015
15thJuly,2015
July2015
Aug2015
Sep 2015
2015
Sep
07.08.2015
07.09.2015
07.10.2015
15thOct,2015
Oct2015
Nov2015
Dec2015
07.11.2015
07.12.2015
07.01.2016
15thJan,2016
Issueof
Certificate
30thJuly,2015
(Otherthansalary)
Payment
ChallanNo.
281
30thOct,2015
(Otherthansalary)
th
30 Jan,2016
(Otherthansalary)
th
Note:
epaymentof
TDSis
compulsorilyfor
companiesand
those covered
thosecovered
undertaxaudit.
Forms
eReturn
filing
Issueof
Certificate
Events
Consequences
Salary:
Form24Q
Salary:
Form16
Failstodeduct/
depositTDS
Othersthan
Salary:
Form 26Q
Form26Q
Others:
Form16A
Interest@1%p.m.from
Interest
@ 1% p.m. from dateof
date of
deductibletodeducted
And@1.5%p.m.fromdateof
deductedtodateofdeposit
Note:
Compulsoryto
generateForm
16AandForm
16(PartA)from
TRACES Website
TRACESWebsite.
Fess@Rs.200perdaysubjectto
max. amount of TDS
max.amountofTDS
Failstofurnish
TDSReturn
Penaltyisalsoapplicableiffailsto
furnishTDSReturnevenafteroneyear
fromduedate
30 May,2016
Provideincorrect
Jan2016
07.02.2016
Penalty:
Others
th
detail in TDS
detailinTDS
Min.Rs.10,000
Feb2016
07.03.2016
15 May,2016
th
31 May,2016
return
Max.Rs.100,000
March2016
30.04.2016
Salary
Note:ForpaymentofTDSonTransferofImmovablePropertyotherthanAgri.Land,Form26QBChallancumTDSStatementisapplicableandissueForm16BforTDSCertificate.
Disclaimer:ThischartcontainsonlyfrequentlyusedTDSratesonpaymentstoresidents&relatedprovisionsandisintendedforknowledgesharingpurposeonly.Beforemakinganydecisionusersarerequestedtoreferthe
provisionsofIncomeTaxAct,1961andshouldconsultprofessionaladvisorinthisregards.Whileeveryefforthasbeenmadetoensureaccuracyofinformationcontainedinthischart,weassumenoresponsibilityorany
liability whatsoever for any direct or consequential loss howsoever arising from any use of this chart or its contents or otherwise arising in connection herewith
liabilitywhatsoever,foranydirectorconsequentiallosshowsoeverarisingfromanyuseofthischartoritscontentsorotherwisearisinginconnectionherewith.