TDS Rates for financial year (FY) 2012-13 and assessment year (AY) 2013-14
The Rate Chart for the Financial Year 2012-13 i.e. Assessment Year 2013-14 is tabulated below.
Posts Related to Below Given Amended Chart:-
Threshold for TDS on payment of interest on debentures
Section 194J of the Act – Tax deduction at source from payment to director
Section 194LA of the Act- Exemption on enhanced compensation
Section 194LAA- Tax deduction at source from payment for immovable property in certain cases
Budget 2012 – TCS on sale of Coal, Lignite, Iron ore
Budget 2012 – TCS on cash sale of bullion and jewellery
TDS RATE CHART FINANCIAL YEAR 2012-13 (ASSESSMENT YEAR 13-14)
| Sl. No. | Section Of Act | Nature of Payment in brief | Cut Off Amount | Rate % | ||
| 01.04.2012 | 01.07.2012 | HUF/IND | Others | |||
| 1 | 192 | Salaries | Salary income must be more then exemption limit after deductions. | Average Rate | ||
| 2 | 193 | Interest on debentures | 2500 | 5000 | 10 | 10 |
| 3 | 194 | Deemed dividend | – | – | 10 | 10 |
| 4 | 194A | Interest other than Int on securities (by Bank) | 10000 | 10000 | 10 | 10 |
| 4A | 194A | Interest other than Int. on securities (By others) | 5000 | 5000 | 10 | 10 |
| 5 | 194B | Lottery / Cross Word Puzzle | 10000 | 10000 | 30 | 30 |
| 6 | 194BB | Winnings from Horse Race | 5000 | 5000 | 30 | 30 |
| 7 | 194C(1) | Contracts | 30000 | 30000 | 1 | 2 |
| 8 | 194C(2) | Sub-contracts/ Advertisements | 30000 | 30000 | 1 | 2 |
| 9 | 194D | Insurance Commission | 20000 | 20000 | 10 | 10 |
| 10 | 194EE | Paymentsout of deposits under NSS | 2500 | 2500 | 20 | – |
| 11 | 194F | Repurchase of units by MF/UTI | 1000 | 1000 | 20 | 20 |
| 12 | 194G | Commission on sale of lottery tickets | 1000 | 1000 | 10 | 10 |
| 13 | 194H | Commission or Brokerage | 5000 | 5000 | 10 | 10 |
| 14 | 194I | Rent (Land & building) | 180000 | 180000 | 10 | 10 |
| Rent (P & M , Equipment, furniture & fittings) | 180000 | 180000 | 2 | 2 | ||
| 15 | 194J | Professional/Technical charges/Royalty & Non-compete fees | 30000 | 30000 | 10 | 10 |
| 16 | 194J(1)(ba) | Any remuneration or commission paid to director of the company(Effective from 1 July 2012) | NA | NIL | 10 | 10 |
| 17 | 194LA | Compensation on acquisition of immovable property | 100000 | 200000 | 10 | 10 |
| 18 | 194LLA | Payment on transfer of certain immovable property other than agricultural land (applicable only if amount exceeds : (a) INR 50 lakhs in case such property is situated in a specified urban agglomeration; or(b) INR 20 lakhs in case such property is situated in any other area) (Effective from 1 October 2012) | NA | (a) INR 50 lakhs in case such property is situated in a specified urban agglomeration; or(b) INR 20 lakhs in case such property is situated in any other area) (Effective from 1 October 2012) | 1 | 1 |
TCS Rates for the FY 2012-13
The Tax Collection at Source Rates for the Financial Year 2013-13 is tabulated below:
| Sl.No. | Nature of Goods | Rates in % | |
| 01.04.2012 | 01.07.2012 | ||
| 1. | Alcoholic liquor for human Consumption | 1 | 1 |
| 2. | Tendu leaves | 5 | 5 |
| 3. | Timber obtained under forest lease | 2.5 | 2.5 |
| 4. | Timber obtained by any mode other than a forest lease | 2.5 | 2.5 |
| 5. | Any other forest produce not being timber or tendu leaves | 2.5 | 2.5 |
| 6. | Scrap | 1 | 1 |
| 7. | Parking lot | 2 | 2 |
| 8. | Toll plaza | 2 | 2 |
| 9. | Mining & Quarrying | 2 | 2 |
| 10 | Minerals, being coal or lignite or iron ore | NA | 1 |
| 11 | Bullion or jewellery (if the sale consideration is paid in cash exceeding INR 2 lakhs) | NA | 1 |
No Education Cess on payment made to resident-Education Cess is not deductible/collectible at source in case of resident Individual/HUF /Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary. Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.
Surcharge on Income-tax – Surcharge on Income-tax is not deductible/collectible at source in case of individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.
Due date for furnishing TDS return for the last quarter of the financial year has been modified to 15th May (from earlier 15th June). The revised due dates for furnishing TDS return are
| Sl. No. | Date of ending of the quarter of the financial year | Due date |
| 1. | 30th June | 15th July of the financial year |
| 2. | 30th September | 15th October of the financial year |
| 3. | 31st December | 15th January of the financial year |
| 4. | 31st March | 15th May of the financial year immediately following the financial year in which deduction is made |
Due date for furnishing TDS certificate to the employee or deductee or payee is revised as under :
| Sl. No. | Category | Periodicity of furnishing TDS certificate | Due date |
| 1. | Salary (Form No.16) | Annual | By 31st day of May of the financial year immediately following the financial year in which the income was paid and tax deducted |
| 2. | Non-Salary(Form No.16A) | Quarterly | Within fifteen days from the due date for furnishing the ‘statement of TDS’ |
Due Date for Payment of March 2013 –The time limit for deposit of TDS for the entire month of March is rationalized to 30 April instead of two separate time limits viz. 7 April for TDS up to 30 March and 31 May for TDS as of 31 March.
(Republished with Amendments)
One person has taken a joint house Property loan with his wife, now he is working at outside of india.Wife is working, Can his wife taken deduction u/s 80c full amount of principal i.e 1.5 lac max paid as well as interest of House Loan i.e rs. 2.00 max paid
is the tds applicable on service tax f.y. 2012-13
Pl. Give me information of t d s on transport freight a/c 2012-2013
is tcs applicable on sale of coal tar from west bengal
DEAR SIR,
PLZ. TELL ME WHICH IS LAST DATE OF TDS DEPOSIT ON INTEREST ON UNSECURED LOAN
Thanks for a valuable information.
Dear Sir,
Pls provide the chart of tds on salary AS years 13-14 plssssss
Pash
Dear Sir,
We were not collecting TCS for 2011-2012 on some of the scrap items and now for the year 2012-2013 we want to collect.Please can u give me the clarification when this should be collected and whether interest is payable on the same.
Thanks & Regards
K.Srinivasa.
DEAR sir please tds ka rate find karkar batane ki kirpa kare
plz tell me provide knowlede abot service tax????
We gets lot of help with this site for different purposes
Last date of payment of TDS for the month of March.
Please reply
sir
i very need full tds rate and tcs rate of assessment year 2014-15
ple provide mev
thanks with regards
Prasanta Kumar malik
(PK Giripade)
RENT PAID IN INR RS.180000.00 TO NRI. WHETHER TDS IS APPLICABLE ?? RATE??
Dear sir,
I am confused, i just want to know that under section 194I – for Furniture & Fittings – What rate is applicable?
Because you have given 2% in above chart, but according to other Authors its 10%
Please confirm.
Thanking you
Pavankumar Kabra
ho hoye, ho hoye
i want wat is the section of 194c
I am very happy to all type of TDS rate I want 2 now newly / latest TDS retrun software.
thanks with regards
For Section 194 C (1) & (2)
What is the Cut off amount for multiple transactions during the financial year 2012-13???
For Section 194 C (1) & (2) the cut off amount given are for single transactions. You can Cut off amount for multiple transactions which is Rs. 75000/-.
This is very useful in day to day accounts life. Thank U very much sir.
HI
Can i claim section 10 exemption in current company, if not claimed in last company, if yes, where it is mentioned in income tax act.
please reply…….
Provide the rates for Corporates too………….
194C cutoff amount is Rs.70000/- please clarify
May I know in which section TCS Pay against sale of Jwellary ? wait for your reply.
i want to know about tcs imposed on trading of coal. the billing method/proforma and the value on which tcs is deducted
Sir,
Pl. provide salary slab for male & female also Director Remuneration
if i payment paid to the party then how is the tds rate of Transport on Bus services.
if i payment paid to party then how is the TDS rate of Transport on Bus Services.
Can a professional consultant ( age 63 years ) be exempted from deduction of TDS by a private co , under 194J if he submits Form 15 H, if his income is less than rs.2,50,000/- during AY 2013-14
A very graceful thanx to u sir for providing these in4mation to us…
sir pz provide to service tax deposit date
sir pz provied tds return & tds challan & tds certificate and tds deposit date year 2011-2012
SIR, PLZ PROVIDE TDS RULES FOR THE FINANCIAL YEAR – 2012-13
All the information are very useful. Thanks to You.
i am flat morgadge loan given , if me ALLOWAD benifit of stam duty and regd. fee for salary / business ITR
sir
i very need full tds rate and tcs rate of assessment year 2012-13
ple provide mev
thanks with regards
ram bali singh
many many thanks for information
The newly introduced section 194J(1)(ba) states that TDS to be deducted @ 10% on remuneration or commission paid to director of the company, but 192 states that TDS to deducted @ average rate on his salary. Now my question is that upto date TDS on manegerial remuneration paid to director is deducted as per Sec 192, but now under which section deduction is to be made. If it is to be made under Sec 192 rate is average rate but if it is under 194J it flat rate @ 10%…..
please reply…