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.