Proposed TDS Rates Chart for F.Y. 2016-17

      1 Comment on Proposed TDS Rates Chart for F.Y. 2016-17

The TDS rates chart for the financial year 2016-17 as proposed in the budget has been given below:

Proposed TDS rates for F.Y. 2016-17

(w.e.f. 01.06.2016)

* Changed values are highlighted in RED

Nature of Payment Made To Residents

Cutoff (Rs.)

Company / Firm / Co-operative Society / Local Authority

Individual / HUF

If No / Invalid PAN

Section-Description

                       Rate  (%)                                          

192-Salaries NA Avg rates 30
192A-Premature withdrawal from EPF ( wef 01.06.2015) 50000 NA 10 20
193-Interest on securities 10 10 20
194-Dividends 2500 10 10 20
194A-Interest other than interest on securities-Others 5000 10 10 20
194A-Banks(Time deposits) 10000 10 10 20
194A-Banks (Recurring deposit)(01.06.15) 10000 10 10 20
194A-Deposit in Co-op Banks (01.06.15) 10000 10 10 20
194B-Winning from Lotteries 10000 30 30 30
194BB-Winnings from Horse Race 10000 30 30 30
194 C-Payment to Contractors
194C- Payment to Contractor-Single Transaction 30000 2 1 20
194C-Payment to Contractor-Aggregate During the F.Y. 100000 2 1 20
194C- Contract-Transporter who has provided valid PAN (up to 31.05.2015) 20
194C- Contract-Transporter not covered under 44AE (wef 01.06.2015) 30000 / 75000 2 1 20
194C- Contract-Transporter covered under 44AE & submit declaration on prescribed form with PAN (wef 01.06.2015) 20
194D-Insurance Commission 15000 5 5 20
194DA Payment in respect of life insurance policy(applicable from 01.1.2014) 100000 1 1 20
194E-Payment to Non-Resident Sportsmen or Sports Association 10 10 20
194EE-Payments out of deposits under NSS 2500 20 20
194F-Repurchase Units by MFs 20 20 20
194G-Commission-Lottery 15000 5 5 20
194H-Commission / Brokerage 15000 5 5 20
194I-Rent-Land and Building-furniture-fittings 180000 10 10 20
194I-Rent-Plant / Machinery / equipment 180000 2 2 20
194IA -Transfer of certain immovable property other than agriculture land (w.e.f 1-6-2013) 5000000 1 1 20
194J-Professional Fees 30000 10 10 20
194LA-Immovable Property 250000 10 10 20
194LB-Income by way of interest from infrastructure debt fund (non-resident) 5 5 20
194LB-Income by way of interest from infrastructure debt fund (non-resident) 5 5 20
Sec 194 LC-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 20
194LD-Interest on certain bonds and govt. Securities(from 01-06-2013) 5 5 20
196B-Income from units 10 10 20
196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend) 10 10 20
196D-Income of FIIs from securities 20 20 20

To view the TDS rates of FY: 2013-14, Click here
To view the TDS rates of FY: 2014-15, Click here
To view the TDS rates of FY: 2015-16, Click here

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1 thought on “Proposed TDS Rates Chart for F.Y. 2016-17

  1. vinod negi

    I am running a proprietorship firm in Rajkot, Gujarat and paying a rent of rs.35000/- per month for a godown. Am i applicable for deducting TDS on Rent. Kindly suggest.

    Reply

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