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Section 192 Criterion of Deduction

Payment of Salary and Wages TDS is deducted if the estimated income of the employee is taxable. Employer must not deduct tax on non-taxable allowances like conveyance allowance, rent allowance, medical allowance and deductible investments under sections like 80C, 80CC, 80D, 80DD, 80DDB, 80E, 80GG and 80U. No tax is required to be deducted at source if the estimated total income of the employee is less than the minimum taxable income.

Applicable TDS Rate

Income Tax, Surcharge and Education Cess at the applicable rate on the estimated income of employee for the year.

Section 193 Criterion of Deduction

Payment of Interest on Securities TDS is deductible if payment is in excess of Rs. 5,000/- per annum. Income Tax 20.00% Surcharge Education Cess 0.66% Total

Applicable TDS Rate

If the recipient is a Company, Firm or Cooperative Society If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.

2.00%

22.66%

10.00%

1.00%

0.33%

11.33%

10.00%

0.00%

0.30%

10.30%

Section 194 B

Winnings from Lotteries or Cross Word Puzzle or Card Game or any other Game TDS is deductible if payment is in excess of Rs. 5,000/-. Income Tax 30.00% Surcharge Education Cess 0.99 Total

Criterion of Deduction

Applicable TDS Rate

If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.

3.00%

33.99%

30.00%

0.00%

0.90

30.90%

Section 194 BB Criterion of Deduction

Winnings from Horse Race TDS is deductible if payment is in excess of Rs. 2,500/- per annum. Income Tax 30.00% Surcharge Education Cess 0.99 Total

Applicable TDS Rate

If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.

3.00%

33.99%

30.00%

0.00%

0.90

30.90%

Section 194 A Criterion of Deduction

Payment of Interest TDS is deductible if payment is in excess of Rs. 5,000/- per annum. Income Tax 20.00% Surcharge Education Cess 0.66% Total

Applicable TDS Rate

If the recipient is a Company, Firm or Cooperative Society If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.

2.00%

22.66%

10.00%

1.00%

0.33%

11.33%

10.00%

0.00%

0.30%

10.30%

Section 194 C

Payment to Contractors / Sub-contractors (In case of Advertising Contracts) Payment in excess of Rs. 20,000/- per contract or Rs. 50,000/- per annum. Income Tax 1.00% Surcharge Education Cess 0.033% Total

Criterion of Deduction

Applicable TDS Rate

If the recipient is a Company, Firm or Cooperative Society If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.

0.10%

1.133%

1.00%

0.10%

0.033%

1.133%

1.00%

0.00%

0.03%

1.03%

Section 194 C

Payment to Contractors / Sub-contractors (In case of Other than Advertising Contracts) Payment in excess of Rs. 20,000/- per contract or Rs. 50,000/- per annum. Income Tax 2.00% Surcharge Education Cess 0.066% Total

Criterion of Deduction

Applicable TDS Rate

If the recipient is a Company, Firm or Cooperative Society If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.

0.20%

2.266%

2.00%

0.20%

0.066%

2.266%

2.00%

0.00%

0.060%

2.06%

Section 194 H Criterion of Deduction

Payment of Commission or Brokerage TDS is deductible if payment is in excess of Rs. 2,500/- per annum. Income Tax 10.00% Surcharge Education Cess 0.33% Total

Applicable TDS Rate

If the recipient is a Company, Firm or Cooperative Society If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.

1.00%

11.33%

10.00%

1.00%

0.33%

11.33%

10.00%

0.00%

0.30%

10.30%

Section 194 I

Payment of Rent of Land, Building or Furniture TDS is deductible if payment is in excess of Rs. 1,20,000/- per annum. Individuals and HUFs whose sales/gross receipts in business is less than Rs 40 lac or professional receipts is less than Rs 10 lac are not required to deduct TDS

Criterion of Deduction

Applicable TDS Rate If the recipient is a Company, Firm or Cooperative Society If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.

Income Tax 20.00% 15.00% 15.00%

Surcharge 2.00% 1.50% 0.00%

Education Cess 0.66% 0.495% 0.45%

Total 22.66% 16.995% 15.45%

Section 194 I Criterion of Deduction

Payment of Rent of Plant & Machinery TDS is deductible if payment is in excess of Rs. 1,20,000/- per annum. Income Tax 10.00% Surcharge Education Cess 0.33% Total

Applicable TDS Rate

If the recipient is a Company, Firm or Cooperative Society If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum.

1.00%

11.33%

10.00%

1.00%

0.33%

11.33%

10.00%

0.00%

0.30%

10.30%

Section 194 J Criterion of Deduction

Payment of Professional Charges TDS is deductible if payment is in excess of Rs. 20,000/- per annum. Income Tax 10.00% Surcharge Education Cess 0.33% Total

Applicable TDS Rate

If the recipient is a Company, Firm or Cooperative Society If the recipient is an Individual or HUF and payment exceeds Rs. 10 lac per annum. If the recipient is an Individual or HUF and payment does not exceed Rs. 10 lac per annum. Important :

1.00%

11.33%

10.00%

1.00%

0.33%

11.33%

10.00%

0.00%

0.30%

10.30%

TDS deducted is required to be deposited within one week from the last day of the month of deduction. If TDS amount is not deposited by the due date, then for each month a penalty of interest equal to 1% of the TDS amount is to be paid. If the quarterly TDS return is not filed by the due date, a penalty of Rs. 100 per day subject to maximum limit equal to the TDS amount is chargeable.

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