Tax is deductible at source at the Rates given the Table. If PAN of the deductee is not intimated to the deductor, Tax will deducted at source by virtue of Section 206AA either at the Rate given in the Table or at the Rate of 20%, whichever is Higher.
Further, Under Section 94A(5), if payment or credit is made or given to a deductee who is located in a notified jurisdiction area, Tax is Deductible at the Rate given in the Table or at the Rate of 30%, whichever is Higher.
Section |
Nature of Payment |
Threshold |
Indv/HUF |
Others |
192 |
Salaries |
– |
Avg |
– |
192A |
Premature withdrawal from EPF |
50000 |
10 |
– |
193 |
Interest on Securities |
10000 |
10 |
10 |
194 |
Dividends |
2500 |
10 |
10 |
194A |
Interest (Banks) |
10000 |
10 |
10 |
194A |
Interest (Others) |
5000 |
10 |
10 |
194B |
Winning from Lotteries |
10000 |
30 |
30 |
194BB |
Winnings from Horse Race |
10000 |
30 |
30 |
194C |
Contractor – Single Transaction |
30000 |
1 |
2 |
194C |
Contractor-During the F.Y. |
1 Lakh |
1 |
2 |
194C |
Transporter (44AE) declaration with PAN |
– |
– |
– |
194D |
Insurance Commission (15G-15H allowed) |
15000 |
5 |
10 |
194DA |
Life insurance Policy |
1 Lakh |
1 |
1 |
194E |
Non-Resident Sportsmen or Sports Association |
– |
20 |
20 |
194EE |
NSS |
2500 |
10 |
10 |
194F |
Repurchase Units by MFs |
– |
20 |
20 |
194G |
Commission – Lottery |
15000 |
5 |
5 |
194H |
Commission / Brokerage |
15000 |
5 |
5 |
194I |
Rent of Land and Building – F&F |
1.80 Lakh |
10 |
10 |
194I |
Rent of Plant / Machinery / Equipment |
1.80 Lakh |
2 |
2 |
194IB |
Rent by Individual / HUF (wef 01.06.2017) |
50000/PM |
5 |
– |
194IA |
Transfer of certain immovable property other than agriculture land |
50 Lakh |
1 |
1 |
194J |
Professional Fees / Technical Fees / etc. |
30000 |
10 |
10 |
194J |
Payment to Call Centre Operator (wef 01.06.2017) |
30000 |
2 |
2 |
194LA |
Compensation on transfer of certain immovable property other than agricultural land |
2.50 Lakh |
10 |
10 |
194LA |
Immovable Property (TDS exempted under RFCTLARR Act (wef 01.04.2017) |
– |
– |
– |
194LB |
Income by way of interest from infrastructure debt fund (non- resident) |
– |
5 |
5 |
194LC |
Income by way of interest by an Indian specified company to a non-resident / foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India (applicable from July 1, 2012) |
– |
5 |
5 |
194LD |
Interest on certain bonds and Govt. Securities (from 01-06-2013) |
– |
5 |
5 |
Note : TDS Rates without PAN – 20% flat (if TDS rate is lower than 20%) |
