TDS and TCS Rates for FY: 2016-17 (Domestic)

TDS Rates for FY: 2016-17

(Domestic)

Nature of Payment Made To Residents

Threshold(Rs.)

Company / Firm / Co-operative Society / Local Authority

Individual / HUF

If No / Invalid PAN

Section – DescriptionIT Rate (%)IT Rate (%)

IT Rate (%)

192 – Salaries

NAAverage rates as applicable

30

192A – Payment of accumulated balance due to an employee.(applicable from 01.06.2015)

30000

10% (1-April-2016 to 31-May-2016)

10% (1-Jun-2016 to 31-Mar-2017)

30

193 – Interest on securities

10000

1010

20

194 – Dividends

2500

1010

20

194A – Interest other than interest on securities – Others

1010

20

194A – Banks

10000

1010

20

194B – Winning from Lotteries

10000

3030

30

194BB – Winnings from Horse Race

5000 (1-April-2016 to 31-May-2016)

10000 (1-Jun-2016 to 31-Mar-2017)

3030

30

194 C – Payment to Contractors

Payment to Contractor

75000 (1-April-2016 to 31-May-2016)

100000 (1-Jun-2016 to 31-Mar-2017)

21

20

– Contract –

Transporter who has provided valid PAN

20

194D – Insurance Commission

20000 (1-April-2016 to 31-May-2016)

15000 (1-June-2016 to 31-Mar-2017)

105

20

194DA Payment in respect of life insurance policy(applicable from 01.10.2014)

100000

2 % (1-April-2016 to 31-May-2016)

1 % (1-June-2016 to 31-Mar-2017)

2 % (1-April-2016 to 31-May-2016)

1 % (1-June-2016 to 31-Mar-2017)

20

194E – Payment to Non-Resident Sportsmen or Sports Association

2020

20

194EE – Payments out of deposits under NSS

2500

20% (1-April-2016 to 31-May-2016)

10% (1-Jun-2016 to 31-Mar-2017)

20% (1-April-2016 to 31-May-2016)

10% (1-Jun-2016 to 31-Mar-2017)

20

194F – Repurchase Units by MFs

0

2020

20

194G – Commission – Lottery

1000 (1-April-2016 to 31-May-2016)

15000 (1-Jun-2016 to 31-Mar-2017)

10% (1-April-2016 to 31-May-2016)

5 % (1-Jun-2016 to 31-Mar-2017)

10% (1-April-2016 to 31-May-2016)

5 % (1-Jun-2016 to 31-Mar-2017)

20

194H – Commission / Brokerage

5000 (1-April-2016 to 31-May-2016)

15000 (1-Jun-2016 to 31-Mar-2017)

10% (1-April-2016 to 31-May-2016)

5 % (1-Jun-2016 to 31-Mar-2017)

10% (1-April-2016 to 31-May-2016)

5 % (1-Jun-2016 to 31-Mar-2017)

20

194I – Rent – Land and Building / furniture / fittings

180000

1010

20

194I – Rent – Plant / Machinery / equipment

180000

22

20

194IA -Transfer of certain immovable property other than agriculture land(w.e.f 1-6-2013)

5000000

11

20

194J – Professional Fees

30000

1010

20

194LA – Immovable Property

200000 (1-April-2016 to 31-May-2016)

250000 (1-June-2016 to 31-Mar-2017)

1010

20

194LB – Income by way of interest from infrastructure debt fund (non-resident)

55

20

194LBA – Certain income from units of a business trust(applicable from 01.10.2014)

1010

20

194LBA – Certain income from units of a business trust to non resident (applicable from 01.10.2014)

55

20

194LBB – Income in respect of units of investment fund. (applicable from 01.06.2015)

10% For Residents

10% For Non Residents (1-April-2016 to 31-May-2016)

40% For Non Residents (1-Jun-2016 to 31-Mar-2017)

10% For Residents

10% For Non Residents ( 1-April-2016 to 31-May-2016)

30 % For NonResidents (1-Jun-2016 to 31-Mar-2017)

20/30/40

Sec 194LBC – Income in respect of investment in securitisation trust.

30% For Residents

40% For Non Residents

25% For Residents

30% For Non Residents

25/30/40

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)

55

20

194LD – Interest on certain bonds and govt. Securities(from 01-06-2013)

55

20

Click here to view complete list of TDS Rates for FY: 2016-17.

TCS Rates for FY: 2016-17

SectionNature of PaymentCut-off AmountTCS Rates (%)
FY:2012-13 to 2015-16FY:2016-17
   Individual / HUFOtherIndividual / HUFOther
206CScrap1111
206CTendu Leaves5555
206CTimber obtained under a forest lease or other mode2.52.52.52.5
206CAny other forest produce not being a timber or tendu leave2.52.52.52.5
206CAlcoholic Liquor for human consumption1111
206CParking Lot, toll plaza, mining and quarrying2222
206CMinerals, being coal or lignite or iron ore (applicable from July 1, 2012)1111
206CBullion if consideration (excluding any coin / article weighting 10 grams or less) exceeds Rs. 2 Lakhs or jewellery if consideration exceeds Rs. 5 Lakhs (and any amount is received in cash) (applicable from July 1, 2012)1111
206CTCS on sale in cash of any goods (other than bullion/jewellary)20000011
206CTCS on providing of any services (other than Ch-XVII-B)20000011
206CTCS on Motor Vehicle100000011

Source: TRACES

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