The Rate Chart for the Financial Year 2012-13 i.e.

Assessment Year 2013-14 is tabulated below: TDS Rates Chart Financial Year 2012-13 (Assessment Year 13-14) Sl. Section Of No. Act Nature of Payment in brief

1 2 3

192

4A 5 6 7 8 9 10 11 12 13

14

15

16

Salaries Interest on 193 2500 debentures 194 Deemed dividend Interest other than Int. on securities (by 194A Bank) 10000 Interest other than Int. on securities (By 194A others) 5000 Lottery / Cross Word 194B Puzzle 10000 Winnings from Horse 194BB Race 5000 194C(1) Contracts 30000 Sub-contracts/ 194C(2) Advertisements 30000 Insurance 194D Commission 20000 Payments out of 194EE deposits under NSS 2500 Repurchase of units 194F by MF/UTI 1000 Commission on sale 194G of lottery tickets 1000 Commission or 194H Brokerage 5000 Rent (Land & building) 180000 Rent (P & M , Equipment, furniture 194I & fittings) 180000 Professional/Technical charges/Royalty & 194J Non-compete fees 30000 Any remuneration or commission paid to director of the company(Effective NA 194J(1)(ba) from 1 July 2012)

Cut Off Amount Rate % 01.04.2012 01.07.2012 HUF/IND Others Salary income must be more then exemption limit after deductions. Average Rate 5000 10 10 10 10

10000

10

10

5000 10000 5000 30000 30000 20000 2500 1000 1000 5000 180000

10 30 30 1 1 10 20 20 10 10 10

10 30 30 2 2 10 20 10 10 10

180000

30000

10

10

NIL

10

10

17 194LA

18 194LLA

Compensation on acquisition of immovable property 100000 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 NA 1 October 2012)

200000

10

10

(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

TCS Rates for the FY 2012-13 TCS Rates for the Financial Year 2012-13 is tabulated below: Rates in % 01.04.2012 1 5 2.5 2.5 2.5 1 2 2 2 NA NA

Sl.No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 11

Nature of Goods Alcoholic liquor for human Consumption Tendu leaves Timber obtained under forest lease Timber obtained by any mode other than a forest lease Any other forest produce not being timber or tendu leaves Scrap Parking lot Toll plaza Mining & Quarrying Minerals, being coal or lignite or iron ore Bullion or jewellery (if the sale consideration is paid in cash exceeding INR 2 lakhs)

01.07.2012 1 5 2.5 2.5 2.5 1 2 2 2 1 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. 1. 2. 3. Date of ending of the quarter of the financial year 30th June 30th September 31st December 31st March

4.

Due date 15th July of the financial year 15th October of the financial year 15th January of the financial year 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: Periodicity of furnishing TDS certificate

Sl. No.

Category

1.

2.

Salary (Form No.16) Annual NonSalary(Form No.16A) Quarterly

Due date By 31st day of May of the financial yearimmediately following the financial year in which the income was paid and tax deducted Within fifteen days from the due date for furnishing the statement of TDS

Due Date for Payment of March 2012 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.

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