Preparedby:CA.ANKITGAJJAR|B.

Com,FCA,DISA(ICAI)

(M)9998494429|Email:ankitgajjar09@gmail.com

FrequentlyUsedTDSRates&RelatedProvisionsFinancialYear20152016(AY20162017)
Natureofpayment

Sections

Paymentinexcessof

Individual/HUF

Others

Rs.5,000p.a.

10%

10%

Rs.30,000perpmtorRs.75,000p.a.

1%

2%

Nil

Nil

Nil

Rs.20,000p.a.

10%

10%

194A

InterestotherthanfromaBankingCo.

194C

194D

Contractors(includingadvertising,subcontractor&transporterotherthancoveredbelow)
TransportContractorswhoownstenorlessgoodscarriageatanytimeduringtheyear
andfurnishesPAN(w.e.f.162015)
InsuranceCommission

194H

CommissionorBrokerage

Rs.5,000p.a.

10%

10%

194I

RentofLandorBuilding(includingfactorybuilding)orFurnitureorFittings

Rs.1,80,000p.a.

10%

10%

194I

RentofPlant&MachineryandOtherEquipments

Rs.1,80,000p.a.

2%

2%

194IA

p y
g
TransferofImmovablePropertyotherthanAgricultureLand

, ,
Rs.50,00,000

1%

1%

194J

Paymentforprofessionalservices,technicalservices&royalty(Note4)

Rs.30,000p.a.

10%

10%

194C

AnypaymenttodirectorsotherthanthoseonwhichTDSisdeductableu/s192

194J(1)(ba)
10%
10%
Note1:NosurchargeandeducationcesstobeaddedwhiledeductingTDS
Note2:AsperSection206AA,TDSisrequiredtobededucted@20%ifthededucteedoesnotpossessORfailstofurnishPANNo.
Note3:CirNo.1/2014dt.13.01.2014TDStobedeductedonamountwithoutincludingservicetaxcomponentifintermsofagreement/contract,itisindicatedseparately.
/
g
p
g
/
,
p
y
Note4:Notificationno.21/2012dt.13.06.2012TDSisrequiredtobedeductedonacquisitionofsoftwareu/s194Jifconditionstatedthereinarenotsatisfied.
Months

Payment

DueDates
eReturn
filing

April2015
May2015
June2015

07.05.2015
07.06.2015
07.07.2015

15thJuly,2015

July2015
Aug2015
Sep 2015
2015
Sep

07.08.2015
07.09.2015
07.10.2015

15thOct,2015

Oct2015
Nov2015
Dec2015

07.11.2015
07.12.2015
07.01.2016

15thJan,2016

Issueof
Certificate
30thJuly,2015
(Otherthansalary)

Payment
ChallanNo.
281

30thOct,2015
(Otherthansalary)

th

30 Jan,2016
(Otherthansalary)
th

Note:
epaymentof
TDSis
compulsorilyfor
companiesand
those covered
thosecovered
undertaxaudit.

Forms
eReturn
filing

Issueof
Certificate

Events

Consequences

Salary:
Form24Q

Salary:
Form16

Failstodeduct/
depositTDS

Othersthan
Salary:
Form 26Q
Form26Q

Others:
Form16A

Interest@1%p.m.from
Interest
@ 1% p.m. from dateof
date of
deductibletodeducted
And@1.5%p.m.fromdateof
deductedtodateofdeposit

Note:
Compulsoryto
generateForm
16AandForm
16(PartA)from
TRACES Website
TRACESWebsite.

Fess@Rs.200perdaysubjectto
max. amount of TDS
max.amountofTDS
Failstofurnish
TDSReturn

Penaltyisalsoapplicableiffailsto
furnishTDSReturnevenafteroneyear
fromduedate

30 May,2016
Provideincorrect
Jan2016
07.02.2016
Penalty:
Others
th
detail in TDS
detailinTDS
Min.Rs.10,000
Feb2016
07.03.2016
15 May,2016
th
31 May,2016
return
Max.Rs.100,000
March2016
30.04.2016
Salary
Note:ForpaymentofTDSonTransferofImmovablePropertyotherthanAgri.Land,Form26QBChallancumTDSStatementisapplicableandissueForm16BforTDSCertificate.
Disclaimer:ThischartcontainsonlyfrequentlyusedTDSratesonpaymentstoresidents&relatedprovisionsandisintendedforknowledgesharingpurposeonly.Beforemakinganydecisionusersarerequestedtoreferthe
provisionsofIncomeTaxAct,1961andshouldconsultprofessionaladvisorinthisregards.Whileeveryefforthasbeenmadetoensureaccuracyofinformationcontainedinthischart,weassumenoresponsibilityorany
liability whatsoever for any direct or consequential loss howsoever arising from any use of this chart or its contents or otherwise arising in connection herewith
liabilitywhatsoever,foranydirectorconsequentiallosshowsoeverarisingfromanyuseofthischartoritscontentsorotherwisearisinginconnectionherewith.