TDS Rates for Financial Year (FY) 2015-16 Assessment Year (A.Y. 2016-17)
| Income Tax Act Section | Nature of Payment or Credit | Cut off Amount | Rate %Individual/ HUF |
Rate % Others |
| Section 192 | TDS on SalaryResident individual whose total income does not exceed Rs. 500000
Others |
2,50,000
2,50,000 |
Monthly Average Rate
-do- |
NA
NA |
| Section 192A | Payment of accumulated balance due of Employees? Provident Fund Scheme, 1952, to Employees (w.e.f 01-06-15) | when the amount of payment or aggregate amount of payment exceeds Rs. 30,000/- | 10% | NA |
| Section 193 | Interest on securities a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; c) any security of the Central or State Government; d) interest on any other security | At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 5,000/- | 10% | NA |
| Section 194 | Before making payment to? shareholder, other than dividend declared U/s. 115-0, when amount exceeds Rs. 2,500/- | Rs. 2500 | 20% | |
| Section 194A | TDS on interest other than on Securities (By Bank) | 10,000 | 10% | 10% |
| Section 194A | TDS on interest other than Securities (By Others) | 5,000 | 10% | 10% |
| Section 194B | TDS on Winning from Lottery/Cross word Puzzle | 5,000 | 30% | 30% |
| Section 194BB | TDS on Winning from Horse Race | 2,500 | 30% | 30% |
| Section 194C(1) | TDS on Labour Contract, AMC, Work Contract, Man Power Consultancy -Single Payment
Aggregate Payment in F.Y |
30,000 75,000 |
1%
1% |
2%
2% |
| Section 194C(2) | TDS on Sub contracts and Advertisement contracts | As above | 1% | 2% |
| Section 194D | TDS on Insurance Commission | 20,000 | 10% | 10% |
| Section 194DA | Payment under life insurance policy (including Bonus) | At the time of payment when the amount or the total amount during the whole year exceeds Rs. 1,00,000/- | 2% | |
| Section 194H | TDS on commission or brokerage other than insurance Commission | 5,000 | 10% | 10% |
| Section 194I | TDS on Rent -Land and Building, Furniture and Fixtures | 1,80,000 | 10% | 10% |
| Section 194I | TDS on Rent -Plant and Machinery, Equipments | 1,80,000 | 2% | 2% |
| Section 194IA | TDS on Transfer of Immovable Property (w.e.f. 1.6.2013) | 50,00,000 | 1% | 1% |
| Section 194J | TDS on Professional, Technical Charges, Royalty, Non Compete Fees | 30,000 | 10% | 10% |
| Section 194(1)(ba) | TDS on Remuneration or Commission paid to Director | Nil | 10% | 10% |
| Section 194LB | Payment of interest on infrastructure debt fund to non resident or foreign company | At the time of credit or payment whichever is earlier | 5% | 5% |
| Section 194LBB | Payment of distributed income to unit holder in respect of units of an investment fund (w.e.f 01-06-15) | At the time of credit or payment whichever is earlier | 10v | 10% |
| Section 194LC | Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond) | At the time of credit or payment whichever is earlier | 5% | 5% |
| Section 194 LD | Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor | At the time of credit or payment whichever is earlier | 5% | 5% |
| Section 206C | Collection on Sale of bullion and Jewellery | At time of sale, if sale consideration is received in cash in excess of Rs. 2 Lacs . | 1% | 1% |
Note : Surcharge, education cess and secondary and higher education cess will be added to the above tax rate, as applicable.