TDS/TCS Rates Chart for A.Y. 2014-15 or F.Y. 2013-14

A. TDS Rate Chart for A.Y. 2014-15 on Payments other than Salary and Wages

 Section
No.

Nature of Payment

Threshold
Total Payment
During the Year

Payment to

Individual
or HUF

Others

193

Interest on Debentures

Rs. 5000/-

10%

10%

194

Deemed Dividend

10%

10%

194 A

Interest by banks (Other than interest on securities)

Rs. 10000/-

10%

10%

194 A

Interest by Others (Other than interest on securities)

Rs. 5000/-

10%

10%

194 B

Winnings from Lotteries / Puzzle / Game

Rs. 10000/-

30%

30%

194 BB

Winnings from Horse Race

Rs. 5000/-

30%

30%

194 C (1)

Payment to Contractors

Rs. 30000/-

1%

2%

194 C (2)

Payment to Sub-Contractors / for Advertisements

Rs. 30000/-

1%

2%

194 D

Payment of Insurance Commission

Rs. 20000/-

10%

10%

194 EE

Out of deposits under NSS

Rs. 2500/-

20%

NA

194 G

Commission on Sale of Lottery tickets

Rs. 1000/-

10%

10%

194 H

Commission or Brokerage

Rs. 5000/-

10%

10%

194 I

Rent of Land, Building or Furniture

Rs. 180000/-

10%

10%

194 I

Rent of Plant & Machinery

Rs. 180000/-

2%

2%

194 J

Professional / technical services, royalty

Rs. 30000/-

10%

10%

194 J
(1)

Remuneration / commission to director of the company

10%

10%

194 J (ba) w.e.f. 01 .07.2012, Any remuneration / fees / commission to a director of a company, other than those on which tax is deductible under section 192.

10%

10%

194 LA

Compensation on acquisition of certain immovable property

Rs. 2,00,000/-

10%

10%

194 IA

Compensation on transfer of certain immovable property other than agricultural land (w.e.f. 01 .06.2013)

Consideration is
Rs. 50 lakh or
more.

1%

1%

194LD

Interest on certain bonds & Govt. securities (w.e.f. 01 .06.2013)  

5%

5%

 B. The Tax Collection at Source Rates for the Financial Year 2013-14 is tabulated below:

Sl. No.

Nature of Goods

Rates in %

1

Alcoholic liquor for human Consumption

1

2

Tendu leaves

5

3

Timber obtained under forest lease

2.5

4

Timber obtained by any mode other than a forest lease

2.5

5

Any other forest produce not being timber or tendu leaves

2.5

6

Scrap

1

7

Parking lot

2

8

Toll plaza

2

9

Mining & Quarrying

2

10

Minerals, being coal or lignite or iron ore

1

11

Bullion or jewellery (if the sale consideration is paid in cash  exceeding INR 2 lakhs)

1

Use TDSMAN software having Auto Tax Calculation feature to file your TDS / TCS returns.

To download the free trial of TDSMAN software, click here 

For more information, visit www.tdsman.com

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78 thoughts on “TDS/TCS Rates Chart for A.Y. 2014-15 or F.Y. 2013-14

  1. varun

    please tell me exemption limit of the remuneration of director .

    and TDS applicable on director remuneration is 10% for which amount will be applicable .

    Reply
  2. BHARAT BHUSHAN

    MEANINGFUL INFORMATION,
    BUT IN SECTION 194C IT IS NOT MENTIONED THAT SINGLE TRANSACTION LIMIT IS Rs. 30000/- AND YEARLY THRESHOLD LIMIT IS Rs. 75000/-

    Reply
  3. neelam

    Im assigned with a company for a contract of 216000 pa. They are saying that they will deduct TDS on pm salary which is 18000 thosand .then how much salary i should get after TDS deduction. as far as im thinking that being a women now i don’t come under taxable income coz im not crossing limit of 250000 pa. Plz tell me.

    Reply
  4. VIJAY

    IF A COMPANY PAID INTEREST RS. TEN HOUSAND IN SEVEN YEARS.BUT TOTAL AMOUNT PAID ON END OF SEVENT YEAR. AT THE TIME OF PAYMENT COMPANY WANT TO DEDCUTED TDS . IT WRONG OR RIGHT

    Reply
  5. MUKESH

    Is TDS applicable on Software Hire Charges? If, yes, then what is the rate of TDS? Any Threshold limit? Under Which Section No.?

    Reply
  6. Vimal

    Sec 194C, Payment to Contractor for Agreegate Transaction 75000/-. Whether it has been amended or withdrawn??
    Pls. guide me in details.

    Reply
  7. Flght Lieutenant Uma Paswan

    A true citizen must know and abide by in the interest of the revenue generation of a nation which certainly plays a vital role in the prosperity as well progress of the nation. Regards

    Reply
  8. Ajay Kumar Jha

    Dear sir,
    Please give a appropriate example for salary tax deduction. Suppose his salary is 350000/- p.a.

    Reply
    1. Thirumalesh

      Respected sir,

      Thank u for giving some new information about sec 194-EE which is not known to me.

      Regards,
      Thirumalesh.

      Reply
  9. Ravi Bhushan Kumar

    Very………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………helpful.

    Thanks

    Reply

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