Latest TDS Rates for FY 2016-17

By Hiral Vakil on May 6, 2019

TDS on Salary

TDS needs to be deducted on specified payment at prescribed rate by a deductor. Deductor is a person who is liable to deduct TDS before making payment to a deductee. Each payment has its own threshold limit and rate of percentage to deduct TDS.

As per section 192 of the income tax act, TDS on payment of salary is calculated at normal Slab Rate.

TDS on other than Salary

Here are the latest rates of TDS on payments other than Salary for FY 2016-17 (AY 2017-18) w.e.f 01/06/2016.

Most common TDS sections and Rates:

Section Nature of Payment Threshold Individual/HUF Others
194A Interest other than on securities by banks Rs. 10,000/- 10% 10%
194C(1) Payment to Contractors Rs. 30,000/- for single payment
Rs. 1 Lac for aggregate payment
1% 2%
194C(2) Payment to Subcontractors for Advertisements
194H Commission or Brokerage Rs. 15,000/- 5% 5%
194I Rent of Land, Building or Furniture Rs. 1,80,000/- 10% 10%
Rent of Plant & Machinery 2% 2%
194IA Transfer of Immovable Property (w.e.f. 01.06.2013) Rs. 50,00,000/- 1% 1%
194J Professional / technical services, royalty Rs. 30,000/- 10% 10%

Other TDS sections and Rates:

SectionNature of PaymentThresholdIndividual/HUFOthers
192APremature Withdrawal from EPFRs. 50,000/-10%NA
193Interest on SecuritiesRs. 5,000/-10%10%
194Deemed DividendNo Minimum Limit10%10%
194AInterest other than on securities by banksRs. 10,000/-10%10%
194BWinnings from Lotteries / Puzzle / GameRs. 10,000/-30%30%
194 BBWinnings from Horse RaceRs. 10,000/-30%30%
194DPayment of Insurance CommissionRs. 15,000/-5%5%
194EEPayment of NSS DepositsRs. 2,500/-10%10%
194FRepurchase of units by Mutual Funds / UTIAny amount20%20%
194GCommission on Sale of Lottery ticketsRs. 15,000/-5%5%
194J(1)Remuneration / commission to director of the companyAny amount10%10%
194J(ba)Any remuneration / fees / commission paid to a director of a company, other than those on which tax is deductible u/s 192.Any amount10%10%
194LACompensation on acquisition of certain immovable propertyRs. 2,00,00010%10%