TDS & TCS RATE CHART (FY: 2017-18 / AY: 2018-19)

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 TDS RATE CHART FY: 2017-18 (AY: 2018-19)
SectionNature of Payment ThresholdIndv/ HUFOthers
  Rs.TDS Rate (%)
192Salaries  Avg 
192APremature withdrawal from EPF 5000010
193Interest on Securities 100001010
194Dividends 25001010
194AInterest (Banks) 100001010
194AInterest (Others)50001010
194BWinning from Lotteries 100003030
194BBWinnings from Horse Race100003030
194CContractor – Single Transaction 3000012
194CContractor-During the F.Y. 1 Lakh12
194CTransporter (44AE) declaration with PAN
194DInsurance Commission(15G-15H allowed) 15000510
194DALife insurance Policy 1 Lakh11
194ENon-Resident Sportsmen or Sports Association2020
194EE NSS 25001010
194FRepurchase Units by MFs – 2020
194GCommission – Lottery 1500055
194HCommission / Brokerage 1500055
194I Rent of Land and Building – F&F1.80 Lakh1010
194IRent of Plant/Machinery/Equipment 1.80 Lakh22
194IBRent by Individual/HUF(wef 01.06.2017)50000/PM 5
194IA Transfer of certain immovable property other than agriculture land50 Lakh11
194J Professional Fees/ Technical Fees/ etc.300001010
194J Payment to Call Centre Operator (wef 01.06.2017)3000022
194LACompensation on transfer of certain immovable property other than agricultural land2.50 Lakh 1010
194LA Immovable Property(TDS exempted under RFCTLARR Act (wef 01.04.2017)
194LBIncome by way of interest from infrastructure debt fund (non- resident)55
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
194LD Interest on certain bonds and Govt. Securities(from 01-06-2013)55
Note : TDS Rates without PAN – 20% flat (if TDS rate is lower than 20%)

Note: The above list covers most of the sections applicable for domestic transactions

TCS RATES FOR FY: 2017-18 (AY: 2018-19)
SectionNature of PaymentTCS Rate %
 206CScrap1
 206CTendu Leaves5
 206CTimber  obtained  under  a forest lease or other mode2.5
 206CAny other forest produce not being a timber or tendu leave2.5
 206CAlcoholic Liquor for human consumption1
 206CParking   Lot,   toll   plaza, mining and Quarrying2
 206CMinerals, being coal or lignite or iron ore (applicable   from   July   1,2012)1
 206CSale of motor vehicle of the value exceeding Rs. 10 Lacs; (wef 01.06.2016)

Motor vehicle clause Not applicable on Central Government, a State Government, an embassy, a High Commission, legation, commission, consulate and the trade representation of a foreign State; local authority ; a public sector company which is engaged in the business of carrying passengers (wef 01.04.2017)

1
Note : TCS Rates without PAN – Double of TCS rate as above or 5%, whichever is higher

Note: The above list covers most of the sections applicable for domestic transactions

Click here to download the list of TDS Rates for FY: 2017-18.

Note :
1. Surcharge is not deductible on payments made to residents, other than salary.
2. In case of non-resident, surcharge would be applicable on TDS.

Disclaimer : Efforts have been made to provide correct information. However, we do not take liability of any kind in case of any error or miscommunication in the article.

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