TDS rate chart for FY 2016-17(AY 2017-18) as per budget 2016

Sl. No	Nature of payment	Limit (below this no TDS)	TDS rate in %
Sl. No	Nature of payment	Limit (below this no TDS)	Individual/HUF	Others
1	192– Salary	–	requires calculation	NA
2	192A-Premature withdrawal from EPF	30K (50K w.e.f. 01/06/2016)	10	NA
3	193 – Interest on securities	10,000	10	10
4	194 – Dividends	2,500	10	10
5	194A – Bank Interest	10,000	10	10
6	194A -Interest other than Bank	5,000	10	10
7	194B – Winning from Lotteries	10,000	30	30
8	194BB – Winnings from Horse Race	5K (10K w.e.f. 01/06/2016)	30	30
9	194C– Contractor – Single Transaction	30,000	1	2
10	194C– Contractor-During the F.Y.	75K (100K w.e.f. 01/06/2016)	1	2
11	194D – Insurance Commission	20K (15K w.e.f. 01/06/2016)	10% (5% w.e.f. 01/06/2016)	10% (5% w.e.f. 01/06/2016)
12	194DA– Life insurance Policy	1,00,000	2% (1% w.e.f. 01/06/2016)	NA
13	194E– Non-Resident Sportsmen or Sports Association	–	20%	20%
14	194EE– NSS	2,500	20% (10% w.e.f. 01/06/2016)	NA
15	194F– Repurchase Units by MFs	–	20%	20%
16	194G – Commission – Lottery	1K (15K w.e.f. 01/06/2016)	10% (5% w.e.f. 01/06/2016)	10% (5% w.e.f. 01/06/2016)
17	194H – Commission / Brokerage	5K (15K w.e.f. 01/06/2016)	10% (5% w.e.f. 01/06/2016)	10% (5% w.e.f. 01/06/2016)
18	194I – Rent Land and Building – F&F	1,80,000	10	10
19	194I– Rent Plant/Machinery/equipment	1,80,000	2	2
20	194IA -Transfer of certain immovable property other than agriculture land	50,00,000	1	1
21	194J – Professional Fees	30,000	10	10
22	194LA– Immovable Property	200K (250K w.e.f. 01/06/2016)	10	10
23	194LB– Income by way of interest from infrastructure debt fund (non- resident)	–	5	5
24	194LB– Income by way of interest from infrastructure debt fund (non- resident)	–	5	5
25	194LC – 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)	–	5	5
26	194LD – Interest on certain bonds and govt. Securities(from 01-06-2013)	–	5	5
27	196B – Income from units	–	10	10
28	196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)	–	10	10
29	196D – Income of FIIs from securities	–	20	20

Note-

1. Payee should provide his PAN to Payer so that payer can mention in TDS certificate and in TDS returns. It will help indirectly to payee to get refund easily and fast.

2. Payee must tell his PAN to the payer or deductor otherwise TDS will be deducted @ 20% or the applicable rate, whiever is higher. It is the duty of payer to ensure that PAN of payee should be correct by asking PAN copy

3. Due date of TDS payment is up to 7th day from the closing date of month in which Tax has deducted and 30th April if paid or credit in the month of march otherwise Interest of late deposit will be liable @ 1.5% for each month of delay.