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  • Section Nature of Payment Threshold Limit of Payment 01-04-2017 to 31-05-2017 01-06-2017 onwards
    192

    Income from Salary

    Senior Citizen (60 Years)

    Rs. 3,00,000
    Average rate of Tax + Education Cess (Surcharge if Salary > 50 Lacs) Average rate of Tax + Education Cess
    (Surcharge if Salary > 50 Lacs)

    Super Senior Citizen (80 Years)

    Rs. 5,00,000
    Others Rs. 2,50,000
    192A Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
    Rs. 50,000
    10% 10%
    193

    * Interest on Securities

    Rs. 5,000 10% 10%
    194A

    Interest from a Banking Company

    Rs. 10,000 per annum 10% 10%
    194A

    Interest other than from a Banking Company

    Rs. 5,000 per annum 10% 10%
    194B

    Winning from Lotteries & Cross Word Puzzles

    Rs. 10,000 per annum 30% 30%
    194C

    Transporters with valid PAN & to whom 44AE applicable

    - 0% 0%
    194C Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters) Rs.30,000 per contract (or)
    Rs. 1,00,000 per annum
    Individual/HUF 1% Others 2% Individual/HUF 1% Others 2%
    194D Insurance Commision Rs. 15,000
    Resident:5%
    Domestic Company:10%
    Resident:5%
    Domestic Company:10%
    194DA

    Payment under life insurance policy (including Bonus)

    Rs.99,999 per annum 1% 1%
    194E

    Non-resident Sportman or Sports Association

    -

    20% 20%
    194EE

    Out of deposit under NSS

    Rs.2,499
    Individual or HUF 10%
    Other NA
    Individual or HUF 10%
    Other NA
    194G

    Commission on Sale of Lottery Tickets

    Rs. 15,000
    5% 5%
    194H **Commission/Brokerage Rs. 15,000 per annum
    5% 5%
    194-I **Rent on Plant / Machinery Rs. 1,80,000 per annum 2% 2%
    194-I

    **Land or building or furniture or fitting

    Rs. 1,80,000 per annum 10% 10%
    194-IA Payment or transfer of Non -agricultural immovable property Rs. 50,00,000 & above 1% 1%
    194-IB
    Rent payable by an individual or HUF not covered u/s. 194I
    Rs.50,000 per month

    -
    5%
    194J Fees for Professional / Technical Services Rs. 30,000 per annum 10%
    2% (For Call Centre)
    10% (For Others)
    194LA
    Compulsory Acquisition of immovable Property Rs. 2,50,000
    10% 10%

    * Only for Debenture in which the public are substantially interested
    ** Other than Individual or HUF except those covered u/s 44AB

    TCS Rates

    206C

    Scrap

    -

    1.00% 1.00%
    206C

    Tendu Leaves

    -

    5.00% 5.00%
    206C

    Timber obtained under a forest lease or other mode

    -

    2.50% 2.50%
    206C

    Any other forest produce not being a Timber or tendu leave

    -

    2.50% 2.50%
    206C

    Alcoholic Liquor for Human Consumption

    -

    1.00% 1.00%
    206C

    Packing lot, toll plaza, mining & quarrying

    -

    2.00% 2.00%
    206C Purchase of coal lignite, Iron ore by a trader - 1.00% 1.00%
    206C Sale Value of Motor vehicle whether in cheque or in any other mode of receipt Exceeding Rs. 10 Lakhs per transaction 1.00% 1.00%

    Notes

    1. Surcharges & Education Cess

    Type of Payment Surcharge
    Rate Education Cess (3.00%)
    Salary (Resident & Non- resident) Upto 50 Lacs
    Nil Yes
    50 Lacs to  1 Crore 10%
    Salary (Resident & Non- resident)
    > 1 Crore
    15%
    Yes
    Other Payments to Residents No Nil No
    Other Payments to Non-Residents


    Payment to Non-Residents (other than Cos) Upto 1cr Nil Yes
    > 1 Crore 10%
    Payments to Foreign Co. Upto 1cr Nil Yes
    > 1 Crore 2%
    > 10 Crores 5%

    Interest on delay in deposit of tax after deduction

    Stage of deduction Rate per month or part of the month

    From date when deductible till actual deduction

    1.00%

    From date of deduction till payment

    1.50%