TDS Chart

Tax is to be deducted in the following cases at the time of payment:—

Section

Relevant Rules

Nature of Payment

Payer

Payee

Rates of Deduction

Time Limit for Depositing Tax (Rule 30)

TDS Certificate Form No./ Due Date Rule 31)

Quarterly Return/ Statement Form No. (Rules 37, 37A, 37B) Please see Note 1

Declaration for NIL deduction/
Application for NIL/deduction/Lower deduction (Rules 28, 28AA)

192

21A,

21AA,

26A,

26B

Salary

Deduct if tax is payable on
Salary income after

a) Specified exemption u/s.10.

b) Loss under “Income from house property”

c) Deduction u/ss. 80C, 80CCD, 80CCC, 80D,
80DD, 80DDB, 80E, 80G (specified), 80GG, 80U and

[As per section 192(1A), the employer has an option not to deduct tax at source on non-monetary
perquisites provided to
employees and pay the said tax himself)

Any person

1/12th of tax payable calculated in the manner specified in column 3 and following the rates given below

Where the total income for an Individual	Rate
< Rs. 1,80,000	NIL
> Rs. 1,80,000 < Rs. 5,00,000 > Rs. 5,00,000 < Rs. 8,00,000	10% of the amount > Rs. 1,80,000 Rs. 32,000 + 20% of the amount > Rs. 5,00,000
> Rs. 8,00,000	Rs. 92,000+ 30% of the amount > Rs. 8,00,000.
Where the total income	Rate in case of women
< Rs. 1,90,000	Nil
> Rs. 1,90,000 < Rs. 5,00,000 > Rs. 5,00,000 < Rs. 8,00,000	10% of the amount > Rs. 1,90,000. Rs. 31,000 + 20% of the amount > Rs. 5,00,000
> Rs. 8,00,000	Rs. 91,000 + 30% of the amount > Rs. 8,00,000.
Where the total income	Rate in case of senior citizen (>60 years & <80 years)
< Rs. 2,50,000	Nil
> Rs. 2,50,000 < Rs. 5,00,000 > Rs. 5,00,000 < Rs. 8,00,000	10% of the amount >Rs. 5,00,000. Rs. 25,000 + 20% of the amount > Rs. 5,00,000
> Rs. 8,00,000	Rs. 85,000 + 30% of the amount > Rs. 5,00,000
Where the total income	Rate in case of very senior citizen (>80 years)
< Rs. 5,00,000	Nil
> Rs. 5,00,000 < Rs. 8,00,000 > Rs. 8,00,000	20% of the amount >Rs. 5,00,000. Rs. 60,000 + 30% of the amount > Rs. 8,00,000

Within 7 days from last day of month in which deduction is made

Form No. 16 / Form No.16AA 31st May

24Q/27A (return in electronic media)

(Tax deduction from contribution paid by trustees of an approved superannuation fund)

Application Form 13

Additional 2% educational cess is leviable on tax

Additional 1% secondary and higher educational cess is leviable on tax.

Tax is to be deducted in the following cases at the time of payment: or provision whichever is earlier

193

Interest on Securities
Deduct in cases other than where amount of interest is payable

a) by widely held company
on debentures to
individual does not
exceed Rs. 2,500/-,

b) to LIC/GIC and other
insurance companies.

c) Interest on Central/State
Government security.
does not exceed
Rs. 10,000/-
on 8% saving bonds, 2003

d) on specified securities
and some specified bonds

e) on listed security in
dematerialized form

Any
person

Any
Resident
person

For All Domestic Company and Firm	10%
For Individuals/ HUF/BOI Soc./Local authority	10%

within 7 days
from end
of the month
in which
income paid or
credited
whichever is earlier. If payee’s
account is
credited in
last month of accounting
year i.e. March
then on or
before
30th April

Form No.16A
a) Within
15 days
from the due date of
furnishing
Quarterly
TDS Returns.

b) For last
Quarter on or
before
30th May
of the
following
year.

26Q/27A
(return in
electronic media)

Application
Form 13
Declaration
Form 15G,
Form 15H

194

Dividend (Other than
u/s.115-O) to a resident
other than the dividend
payable to following:

a) if dividend is paid by
account payee cheques &
if dividend is less
than 2500/-

b) if dividend paid to LIC/GIC and other insurer

Any Indian
Company

Any
Resident

For All Company
and Firm

For Individuals/

10%

HUF/BOI
Soc./Local authority

10%

— do —

26Q/
27A (return in
electronic
media)

Application
Form 13
Declaration
Form 15G
Form 15H

194A

Interest (other than interest on Securities) Deduct in cases other than where

i) if interest does not exceed

(a) Rs. 10,000/- where
the payer is a banking company to which the Banking Regulation Act, 1949 applies.

(b) Rs. 10,000/- where
the payer is a
co-operative society
engaged in carrying on
the business of banking

(c) Rs. 10,000/- where on
any deposit with post
office under any scheme framed by the Central Government and notified by it in this behalf; and

(d) Rs. 5,000/- in any other cases

ii) paid to banking co./financial corp./LIC/UTI/Central Govt.

iii) by firm to a partners

iv) interest paid/credited by co-op. society to its
members

Any person
other than
individuals
and HUF
who are not
subject to
tax audit in
the preceding
financial
year.

Any
Resident

For All Company
and Firm

For Individuals/

10%

HUF/BOI

Soc./Local authority

10%

— do —

26Q/
27A (return in
electronic
media)

Application
Form 13
Declaration
Form 15G,
Form 15H

194B

Winnings from lottery and
crossword puzzles including card game or other games

Deduct if amount exceeds
Rs. 10,000/-

Any person

Any
person

For all Individual/HUF/ BOI, Company and Firms	30%
If recipient is Non-Resident & Non-Domestic Company & payment is less than Rs. 1 crore	30.90%
If recipient is Non- Domestic company & Payment is more than Rs. 1 crore	31.518%

— do —

Form 26Q/27A
(return in
electronic media)

N.A.

194BB

Winnings from horse races
Deduct if amount exceeds
Rs. 5,000/-

Any person

Any
person

All Individuals/HUF/BOI
company and firm
Local Authority/BOI

30%

If recipient is
Non-Resident &
Non-Domestic Company
& payment is
less than Rs. 1 crore

30.90%

If recipient is Non-
Domestic company & Payment is more than
Rs. 1 crore

31.518%

— do —

Form 26Q/27A
(return in
electronic media)

N.A.

194C

Payment to Resident
Contractors / Sub- Contractor or Advertisement Contractor
exceeds Rs. 30,000/- per
contract or aggregate amount for the financial year exceeds Rs. 75,000/-

1) Central or
State Govt.
or Local
Authority or
Corporation
or Company
or Co-op.
Society
Any Authority
for housing
accommodation,
etc.

Any Society
or Trust or
University
firm, and

2) HUF and
Individual
subject to
tax audit

Any
resident
person
who is a
contractor
of the
Payer

If recipient is
Individual / HUF

If recipient is
Company/Firms

If recipient is
Transport Operator
and furnishes PAN

Otherwise

Nil %

20%

— do —

Form 26Q/
27A (return in
electronic media)

Application
Form 13

194D

Insurance Commission to
Resident Deduct if amount
exceeds Rs. 20,000/-

Any Person

Any
Resident
Person

For Company
and Firm, Individuals
HUF/BOI

10%

— do —

Form 26Q/
27A (return in
electronic media)

Application
Form 13

194E

Payments to Non-resident
sportsmen/sports
association

Any Person

Non-
Resident

Individual if Resident

Non- resident (other
than Foreign company)

Foreign Company having
Payment < Rs. 1 crore

If Payment is
> Rs. 1 crore

If no PAN is furnished

10%

10.30%

10.506%

20%

— do —

Form 27Q
(Statement in
electronic media)

N.A.

194EE

Payments of deposits under NSS covered u/s.80CCA(2)(a) Deduct if amount exceeds
Rs. 2,500/-

Any Person

Any
Person

Individual if Resident

Non- resident (other
than Foreign company)

Foreign Company having
Payment < Rs. 1 crore

If Payment > Rs. 1 crore

If no PAN is furnished

20%

20.60%

21.012%

20%

— do —

Form 26Q/27A
(return in
electronic media)

Form 15G

Form 15H

194F

Payments on account of
repurchase of unit by
mutual fund or Unit Trust
of India of amount referred
In Sec. 80CCN (2)

Any Person

Any
Person

Individual if Resident

Non- resident (other
than Foreign company)

Payment to Foreign
Company < Rs. 1 crore

If payment > Rs. 1 crore

If no PAN is furnished

20%

20.60%

21.012%

20%

— do —

Form 26Q/27A
(return in
electronic media)

Form 15G

Form 15H

194G

Commission/Remuneration
on sale of lottery tickets to any person Deduct if amount exceeds Rs. 1,000/-

Any Person

Any
Person

For all Individuals/
HUF/BOI

Co-op. Soc.
Resident Co./ Firm HUF/BOI

Non-Resident Indian

Non-Domestic Co.

Payments exceeding
Rs. 1 crore
Payments less than
Rs. 1 crore

If no PAN is furnished

10%

10.30%

10.506%

10.30%

20%

— do —

Form 26Q/27A
(return in
electronic media)

Application

Form 13

194H

Commission or Brokerage
Deduct if amount exceeds
Rs. 5,000/-
Not applicable on any
commission or brokerage
payable by BSNL or
MTNL to their PCO
franchisees”

Same as
in Sec.
194A above

Any
Resident
Person

Individual/HUF/BOI

Company/Firms, etc.

10%

— do —

Form 26Q/27A
(return in
electronic media)

Application

Form 13

194-I

Rent paid to any person
resident for land, building or building along with furniture and fittings Deduct if amount
exceeds Rs. 1,80,000/- p.a. for use of any machinery or plant or equipment;
(Service Tax shall be
excluded while deducting tax)

Same as in
Sec. 194A
above

Any
Resident
Person

Rent for plant, machinery
payment to Individual HUF/BOI Company/Firm	2%
Rent for land, Building and Furniture
For Individual /HUF For Company/Firm	10% 10%

— do —

Form 26Q/27A
(return in
electronic media)

Application

Form 13

194J

Fees for professional services or technical services Deduct
if amount exceeds
Rs. 30,000/- p.a.

Same as in
Section
194A

Any
Resident
Person

For Individuals/
HUF/BOI

Co./Firms
For Individuals
and HUF
If no PAN is furnished

10%

20%

— do —

Form 26Q/27A
(returns in
electronic media)

Application

Form 13

194LA

Payments of Compensation
on acquisition of certain
immovable property Deduct if amount exceeds
Rs.1,00,000 p.a.

Any Person

Any
resident
person

Individuals/HUF/BOI

Payment to Co./Firms

10%

— do —

Form 26Q/27A
(returns in
electronic media)

Application

Form 13

195

Rules
29B

Interest or other sums not
being income chargeable
under the head “Salaries”
Deduct in cases other than Dividend u/s.115-O

Any Person

Non-
Resident
not being
a Company
or to a
foreign
Company

As per applicable —
DTAA or as per
Part-II of Sch. I
of the Finance Act,
whichever is
beneficial to the
assessee

— do —

Form 27Q/27A

Application
Form 15C
Form 15D
Application
Form 13