Applicable TDS rates for the financial year 2013-2014

TDS rates for the financial year 2013-2014 is to be deducted when someone makes a payment to the party and that payment falls into the following TDS table. Following TDS rates as mentioned against respected items are applicable.

TDS Sections Particulars TDS Rate Cut Off

192

Salaries

Average Rate

193

Interest on Securities to a resident

10

5000

194

Deemed dividend u/s 2(22)(e)

10

194A

Interest other than interest on securities to a resident (by bank)

10

5000

194A

Interest other than interest on securities to a resident (by others)

10

5000

194B

Winning from lottery or crossword puzzle or card game or other game of any short to a resident/non resident

30

10000

194BB

Winning from horse races to a resident/non resident

30

5000

194C

Payment/ credit to a resident contractor/sub contractor who is an individual or a HUF

1

30000

194C

Payment/ credit to a resident contractor/sub contractor who is other than an individual or a HUF

2

30000

194D

Insurance commission to a resident

10

20000

194E

Payment to a non-resident sportsman or sports association

10

194EE

Payment in respect of deposits under NSC, 1987 to a resident/non-resident

20

2500

194F

Payment on account of repurchase of units of MF or UTI to a resident/non-resident

20

1000

194G

Commission on sale of lottery tickets to a resident/non-resident

10

1000

194H

Commission or brokerage to a resident

10

5000

194I

Rent of plant and machinery to a resident

2

200000

Rent of Land and building or furniture or fittings to a resident

10

200000

194IA

On transfer of immovable property other than agricultural land (applicable with effect from 1.06.2013)

1

5000000

194J

Fees for professional or technical services to a resident

10

30000

194LA

Payment of compensation to a resident on acquisition of certain immovable property

10

200000

 Notes:

If the PAN of the deductee is not intimated to the deductor, tax will be deducted at source either at the rate given in the table or at the rate of 20% which ever is higher i.e. TDS rate will will be the above mentioned rate or 20% which ever is higher.

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