• Jul
  • 03
  • 2012

TDS Rates / Chart for A.Y. 2013-14 / F.Y. 2012-13

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TDS Rates / Chart Under Income Tax Act, 1961 for Financial Year 2012-12/ Assessment Year 2013-14 on Salary (Section 192) ,  Interest on Specified & Other Securities (Section 193), Deemed Dividend & Other Dividend , Interest other than interest on security, Winning from Lotteries, Winning for horse race, Payment to Contractor & Sub-Contractor, Insurance Commission, Payment to a non-resident foreign citizen sportsman or non resident sports association, Payment for National Saving Scheme, 1987, Payment for repurchase of units, Commission on sale of lottery ticket, Commission or Brokerage, Rent on land, building or furniture, Rent on plant, machinery or equipment, Fees for Professional/Technical services, Remuneration to a director w.e.f. 1.7.2012, Compensation to a resident on acquisition of certain immovable property etc.


Section
Particulars
TDS
Threshold Limit
Surcharge and Education Cess
192
Salary
Normal Rate
As per normal computation of income
1.      Surcharge:

No Surcharge on TDS in case of payment is made to Resident or Domestic Company
No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company
2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.

2.      Education Cess

No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]
3% EC and SHEC (2% + 1%) on TDS in case of Salary
3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident

193
Interest on Specified Securities
10%
Rs. 5,000 [Rs. 2,500 upto 30-6-2012] in case of Listed Debentures payable to resident individual or a Hindu undivided family, by a company in which public are substantially interestedRs. 10,000 in case of 8% Savings (Taxable) Bonds, 2003,
Rs. 10,000 in case of 6½ per cent Gold Bonds, 1977, or 7 per cent Gold Bonds, 1980, where the Bonds are held by an individual not being a non-resident, and the holder thereof makes a declaration in writing before the person responsible for paying the interest that the total nominal value of the 6½ per cent Gold Bonds, 1977, or, as the case may be, the 7 per cent Gold Bonds, 1980
No TDS on certain specified securities – see section 193
193
Interest other Securities
10%
194
Dividend       (Deemed)
10%
Rs. 2,500 where shareholder is an individual
194
Dividend (Other)
Nil
194A
Interest other than interest on security
10%
(a) Rs. 10,000/- where the payer is a banking company
(b) Rs. 10,000/- where the payer is a co-operative society engaged in carrying on the business of banking;
(c) Rs. 10,000/- on any deposit with post office under any scheme framed by the Central Government and notified by it in this behalf; and
(d) Rs. 5,000/- in any other case
194B
Winning from Lotteries
30%
Rs. 10,000
194BB
Winning for horse race
30%
Rs. 5,000
194C
Payment to Individuals and HUF
1%
Rs. 30,000 per single contract or Rs. 75,000 in aggregate during the Finance Year
No TDS on GTA if PAN number of the GTA is available
194C
Payment to other contractors
2%
Rs. 30,000 per single contract or Rs. 75,000 in aggregate during the Finance Year
No TDS on GTA if PAN number of the GTA is available
194D
Insurance Commission
10%
Rs. 20,000
194E
Payment to a non-resident foreign citizen sportsman or non resident sports association [upto 30.6.2012]
10%
-
Payment to a non-resident foreign citizen sportsman / entertainer or non resident sports association [w.e.f. 1.7.2012]
20%
-
194EE
Payment for National Saving Scheme, 1987
20%
Rs. 2500
194F
Payment for repurchase of units
20%
-
194G
Commission on sale of lottery ticket
10%
Rs. 1,000
194H
Commission or Brokerage
10%
Rs. 5,000
194I
Rent on land, building or furniture
10%
Rs. 1,80,000
194I
Rent on plant, machinery or equipment
2%
Rs. 1,80,000
194J
Fees for Professional/Technical services
10%
Rs. 30,000
Remuneration to a director w.e.f. 1.7.2012
10%
194LA
Compensation to a resident on acquisition of certain immovable property
10%
Rs. 2,00,000
[Rs. 1,00,000 upto 30.6.2012]

29 Responses to “TDS Rates / Chart for A.Y. 2013-14 / F.Y. 2012-13”

  1. nikhil jain says:

    What is the tds rate if the payment is made to the advertisement agency for the financial year 2013-14

  2. TDS needs to be deducted @ 2% U/s. 194I but since the total payment for the year not exceeding Rs. 1,80,000 so you need not deduct tds.

  3. swati says:

    Pls Help: What would be the rate of TDS and under which section it should be deducted if Tds is on machinery with a contract of 5 years and rent is also paid as 13000/- per month.

  4. Suyog Kadam says:

    If the threshold limit is exceed in 3rd quater, TDS return for the first and second quarter need to be revised. in that case amount paid in 1st quarter-on that we have to pay TDS along with Interest?

  5. Archana Jamdalkar says:

    Dear sir,

    We had paid tds of non residential company paid our telephone bill for ship in our country. we had paid tds 2% of this company & suggest me whether section is under 194C or 195 & which type of return made for this payment.

  6. suryakanta says:

    sir i have a security service provider proprieter ship agency,what amount tds deducted from our security guard bill

  7. tanuja says:

    Sir

    Is their any TDS on canteen bills.

  8. Paresh Patel says:

    Dear Sir,

    Thanks for your information.

    What is the limit for directors remuneration TDS?

    Is there any Threshold limits?

    Pls clarify

    Thanks & Regards,
    Paresh Patel
    09974225993

  9. Hariprasad S says:

    TDS deducted on remuneration paid to the director under section 194J. While filing the TDS return it will comes under which head Salaries (24Q) or Non Salaries (26Q), kindly suggest.

  10. srinivas says:

    194j is 10% but y showing 30000/- amount wats that

  11. karan verma says:

    i am preparing for cs executive exam in coming dec.
    is this rates will be applicable in exams

  12. karan verma says:

    hai every one.

    i am preparing for cs executive prog in coming dec.
    is this rates will be applicable in my exams.

    pls mail karan36768@gmail.com

  13. Vinay says:

     Thanks, sending  a important tds  information

  14. M.P.RAVIKUMAR says:

    sir, Is hanororium payable to guest faculty at our staff training instituation is subjected to tds if so what is the limit and percentage of tds,

  15. HARSH DAGAR says:

    Dear All,

    I want to know that what is treatment of webtel software in director remuration, pls guide

    Regards

    Harsh Dagar

    Cell:9958836944

  16. HARSH DAGAR says:

    Dear Abhishek ,

    TDS Rate On Land & Building Rate Is 10%

    Regards

    Harsh Dagar

    cell:9958836944

  17. ABHISHEK says:

    Dear All

    I want to know, what is an interest rate on Rent TDS (On Land & Building)
    rate per month..

    Regards,
    Abhishek Hardas
    +91 8600870210

  18. Sandip Kapiswe says:

    Dear sir
    TDS on director remuneration treat as normal salary calculation rate or 10% on u/s 194J ?

    with regards
    Sandip Kumar Kapiswe
    8877004400

  19. Sanjib Kumar Ghosh says:

    Plz provide me the dep. schedule for A.Y. 2013-2014

  20. Srabani says:

    What is the rate of TDS to be deduct on Doctors Fees? Is there any surcharge applicable?

  21. KR says:

    Dear Team,
    Nice Article. I wish to have a clarification on the surcharge on Income tax and TDS for payments made to foreign company. Please confirm whether the rate is 2% of 2.5%.

    Regards

  22. satishchandra says:

    To
    Team of Tax Guru
    What is the rate of TDS to be deduct on Advertisement Charges published in magazine
    Regards
    Satishchandra.C
    9916163349

  23. satishchandra says:

    Thanks all of you of Tax Guru Team for the best information available at your site.

    Regards
    Satishchandra.C
    9916163349

  24. Dhananjay Bhamre says:

    Thanks for such details but would be happy to know more TDS treatment for works contract. For example under single contract the portion of service provided is 10% and material cost is 90%?

  25. nilesh p tekawade says:

    nice article

  26. E.P.KATHIRVEL says:

    Dear Govindaraj,

    Directors Remuneration is treated as normal salary in income tax…….regards.

  27. jagirdar.J.P. says:

    Hello Sir

    Thanks for your important information.

  28. RAJENDER BISHT says:

    Sir,

    We are deducting TDS according to Individaul slab rate. The remueneration paid to Directors falls in slabe rate of 30%. Do we have to deduct TDS @ 10% wef July now ?

    Pls help

    Regards

  29. P.Govindaraj says:

    Dear Sir,

    Thanks for your information.

    What is the limit for directors remuneration TDS?

    Is there any Threshold limits?

    Pls clarify

    Thanks & Regards,
    P.Govindaraj
    +91 9597975757

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