Post Union Budget 2012-13 TDS Rates for financial year (FY) 2012-13 and assessment year (AY) 2013-14
The Rate Chart for the Financial Year 2012-13 i.e. Assessment Year 2013-14 is tabulated below:
TDS Rates Chart Financial Year 2012-13 (Assessment Year 13-14)
| Sl. No. | Section Of Act | Nature of Payment in brief | Cut Off Amount | Rate % | ||
| 01.04.2012 | 01.07.2012 | HUF/IND | Others | |||
| 1 | 192 | Salaries | Salary income must be more then exemption limit after deductions. | Average Rate | ||
| 2 | 193 | Interest on debentures | 2500 | 5000 | 10 | 10 |
| 3 | 194 | Deemed dividend | – | – | 10 | 10 |
| 4 | 194A | Interest other than Int. on securities (by Bank) | 10000 | 10000 | 10 | 10 |
| 4A | 194A | Interest other than Int. on securities (By others) | 5000 | 5000 | 10 | 10 |
| 5 | 194B | Lottery / Cross Word Puzzle | 10000 | 10000 | 30 | 30 |
| 6 | 194BB | Winnings from Horse Race | 5000 | 5000 | 30 | 30 |
| 7 | 194C(1) | Contracts | 30000 | 30000 | 1 | 2 |
| 8 | 194C(2) | Sub-contracts/ Advertisements | 30000 | 30000 | 1 | 2 |
| 9 | 194D | Insurance Commission | 20000 | 20000 | 10 | 10 |
| 10 | 194EE | Payments out of deposits under NSS | 2500 | 2500 | 20 | – |
| 11 | 194F | Repurchase of units by MF/UTI | 1000 | 1000 | 20 | 20 |
| 12 | 194G | Commission on sale of lotteryĮՁ¡Æ’Å¡ tickets | 1000 | 1000 | 10 | 10 |
| 13 | 194H | Commission or Brokerage | 5000 | 5000 | 10 | 10 |
| 14 | 194I | Rent (Land & building) | 180000 | 180000 | 10 | 10 |
| Rent (P & M, Equipment, furniture & fittings) | 180000 | 180000 | 2 | 2 | ||
| 15 | 194J | Professional/Technical charges/Royalty & Non-compete fees | 30000 | 30000 | 10 | 10 |
| 16 | 194J(1)(ba) | Any remuneration or commission paid to director of the company(Effective from 1 July 2012) | NA | NIL | 10 | 10 |
| 17 | 194LA | Compensation on acquisition of immovable property | 100000 | 200000 | 10 | 10 |
| 18 | 194LLA | Payment on transfer of certain immovable property other than agricultural land(applicable only if amount exceeds : (a) INR 50 lakhs in case such property is situated in a specified urban agglomeration; or(b) INR 20 lakhs in case such property is situated in any other area) (Effective from 1 October 2012) | NA | (a) INR 50 lakhs in case such property is situated in a specified urban agglomeration; or(b) INR 20 lakhs in case such property is situated in any other area)(Effective from 1 October 2012) | 1 | 1 |
TCS Rates for the FY 2012-13
TCS Rates for the Financial Year 2012-13 is tabulated below:
| Sl.No. | Nature of Goods | Rates in % | |
| 01.04.2012 | 01.07.2012 | ||
| 1. | Alcoholic liquor for human Consumption | 1 | 1 |
| 2. | Tendu leaves | 5 | 5 |
| 3. | Timber obtained under forest lease | 2.5 | 2.5 |
| 4. | Timber obtained by any mode other than a forest lease | 2.5 | 2.5 |
| 5. | Any other forest produce not being timber or tendu leaves | 2.5 | 2.5 |
| 6. | Scrap | 1 | 1 |
| 7. | Parking lot | 2 | 2 |
| 8. | Toll plaza | 2 | 2 |
| 9. | Mining & Quarrying | 2 | 2 |
| 10 | Minerals, being coal or lignite or iron ore | NA | 1 |
| 11 | Bullion or jewellery (if the sale consideration is paid in cash exceeding INR 2 lakhs) | NA | 1 |
No Education Cess on payment made to resident – Education Cess is not deductible/collectible at source in case of resident Individual/HUF /Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary. Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.
Surcharge on Income-tax – Surcharge on Income-tax is not deductible/collectible at source in case of individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.
Due date for furnishing TDS return for the last quarter of the financial year has been modified to 15th May (from earlier 15thJune). The revised due dates for furnishing TDS return are:
| Sl. No. | Date of ending of the quarter of the financial year | Due date |
| 1. | 30th June | 15th July of the financial year |
| 2. | 30th September | 15th October of the financial year |
| 3. | 31st December | 15th January of the financial year |
| 4. | 31st March | 15th May of the financial year immediately following the financial year in which deduction is made |
Due date for furnishing TDS certificate to the employee or deductee or payee is revised as under:
| Sl. No. | Category | Periodicity of furnishing TDS certificate | Due date |
| 1. | Salary(Form No.16) | Annual | By 31st day of May of the financial year immediately following the financial year in which the income was paid and tax deducted |
| 2. | Non-Salary(Form No.16A) | Quarterly | Within fifteen days from the due date for furnishing the statement of TDS |
Due Date for Payment of March 2012 – The time limit for deposit of TDS for the entire month of March is rationalized to 30 April instead of two separate time limits viz. 7 April for TDS up to 30 March and 31 May for TDS as of 31 March.
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
To view the TDS rates of FY: 2016-17, Click here
The information is very use full to check the tds/tcs rates.