Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Tuesday, July 23, 2013

TDS Rates for Financial Year 2013-14 (Assessment Year 2014-15)

S. No.
Section No.
Nature of Payment in brief
Cut Off (Rs.)
Rate %
HUF/Ind.
Others
1
192
Salaries
Average Rate
2
193
Interest on debentures
5000
10
10
3
194
Deemed dividend
-
10
10
4
194A
Interest other than Int. on securities (by Bank)
10000
10
10
4A
194A
Interest other than Int. on securities (By others)
5000
10
10
5
194B
Lottery / Cross Word Puzzle
10000
30
30
6
194BB
Winnings from Horse Race
5000
30
30
7
194C(1)
Contracts
30000
1
2
8
194C(2)
Sub-contracts/ Advertisements
30000
1
2
9
194D
Insurance Commission
20000
10
10
10
194EE
Payments out of deposits under NSS
2500
20
-
11
194F
Repurchase of units by MF/UTI
1000
20
20
12
194G
Commission on sale of lottery tickets
1000
10
10
13
194H
Commission or Brokerage
5000
10
10
14
194I
Rent (Land & building) furniture & fittings)
180000
10
10
Rent (P & M , Equipment)
180000
2
2
15
194 IA
TDS on transfer of immovable property other than agriculture land (wef 01.06.13)
50 Lakh
1
1
16
194J
Professional/Technical charges/ Royalty & Non-compete fees
30000
10
10
17
194J(1)(ba) 
Any remuneration or commission paid to director of the company (Effective from 1 July 2012)
        NIL
10
10
18
194LA
Compensation on acquisition of immovable property
200000
10
10

Surcharge on tax 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.

Surcharge on TDS on salary is applicable if taxable salary is more than one crore @10% because TDS on salary is to be deducted on average basis per month of annual tax liability.

No comments:

Post a Comment