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]

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