TDS / TCS RATES FOR F.Y.2018-19
| Section | Nature of Payment | Threshold Limit of Payment | 01-04-2018 to 31-03-2019 | |||
| 192 |
Income from Salary |
Senior Citizen (60 Years) | Rs. 3,00,000 | Average rate of Tax + Health & Education Cess (Surcharge if Salary > 50 Lacs) | ||
| Super Senior Citizen (80 Years) | Rs. 5,00,000 | |||||
| Others | Rs. 2,50,000 | |||||
| 192A | Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%) | Rs. 50,000 | 10% | |||
| 193 |
* Interest on Securities |
Rs. 5,000 | 10% | |||
| 194A |
Interest from a Banking Company |
Rs. 10,000 per annum /Rs. 50,000 per annum for Senior citizen | 10% | |||
| 194A |
Interest other than from a Banking Company |
Rs. 5,000 per annum | 10% | |||
| 194B |
Winning from Lotteries & Cross Word Puzzles |
Rs. 10,000 per annum | 30% | |||
| 194BB | Winnings from horse races | Rs. 10,000 per annum | 30% | |||
| 194C |
Transporters with valid PAN & to whom 44AE applicable |
– | 0% | |||
| 194C | Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters) | Rs.30,000 per contract (or) Rs. 1,00,000 per annum |
Individual/HUF 1% Others 2% | |||
| 194D | Insurance Commision | Rs. 15,000 | Resident:5% Domestic Company:10% |
|||
| 194DA |
Payment under life insurance policy (including Bonus) |
Rs.99,999 per annum | 1% | |||
| 194E |
Non-resident Sportman or Sports Association |
– |
20% | |||
| 194EE |
Out of deposit under NSS |
Rs.2,499 |
|
|||
| 194G |
Commission on Sale of Lottery Tickets |
Rs. 15,000 | 5% | |||
| 194H | **Commission/Brokerage | Rs. 15,000 per annum | 5% | |||
| 194-I | **Rent on Plant / Machinery | Rs. 1,80,000 per annum | 2% | |||
| 194-I |
**Land or building or furniture or fitting |
Rs. 1,80,000 per annum | 10% | |||
| 194-IA | Payment or transfer of Non -agricultural immovable property | Rs. 50,00,000 & above | 1% | |||
| 194-IB | Rent payable by an individual or HUF not covered u/s. 194I | Rs.50,000 per month |
5% |
|||
| 194-IC | Payment of monetary consideration under Joint Development Agreements |
– |
10% | |||
| 194J | Fees for Professional / Technical Services | Rs. 30,000 per annum | 2% (For Call Centre) | |||
| 10% (For Others) | ||||||
| 194LA | Compulsory Acquisition of immovable Property | Rs. 2,50,000 | 10% | |||
| 194LBB | Investment fund paying an income to a unit holder |
– |
10% Non-Resident 30% Foreign Company 40% |
|||
| 194LBC | Income in respect of investment made in a securitisation trust |
– |
Individual or HUF 25% Other 30% Foreign Company 40% |
|||
* Only for Debenture in which the public are substantially interested
|
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| 206C |
Scrap |
– |
1.00% | |||
| 206C |
Tendu Leaves |
– |
5.00% | |||
| 206C | Timber obtained under a forest lease or other mode |
– |
2.50% | |||
| 206C | Any other forest produce not being a Timber or tendu leave |
– |
2.50% | |||
| 206C |
Alcoholic Liquor for Human Consumption |
– |
1.00% | |||
| 206C | Packing lot, toll plaza, mining & quarrying |
– |
2.00% | |||
| 206C | Purchase of coal lignite, Iron ore by a trader | – | 1.00% | |||
| 206C | Sale Value of Motor vehicle whether in cheque or in any other mode of receipt | Exceeding Rs. 10 Lakhs per transaction | 1.00% | |||
Notes
1. Surcharges & Education Cess
| Type of Payment | Surcharge |
Rate | Health and Education Cess (4.00%) |
| Salary (Resident & Non- resident) | Upto 50 Lacs | Nil | Yes |
| 50 Lacs to 1 Crore | 10% | ||
| Salary (Resident & Non- resident) | > 1 Crore | 15% | Yes |
| Other Payments to Residents | No | Nil | No |
| Other Payments to Non-Residents | |||
| Payment to Non-Residents (other than Cos) | Upto 1cr | Nil | Yes |
| > 1 Crore | 15% | ||
| Payments to Foreign Co. | Upto 1cr | Nil | Yes |
| > 1 Crore | 2% | ||
| > 10 Crores | 5% |
Interest on delay in deposit of tax after deduction
| Stage of deduction |
Rate per month or part of the month |
|
From date when deductible till actual deduction |
1.00% |
|
From date of deduction till payment |
1.50% |