TDS Rate Chart For FY 2016-17 AY 2017-18, Download in Excel, PDF Format

TDS Rate Chart: TDS means “Tax Deducted at Source“. Here we provide TDS Rate Chart for AY CA. Ajay R. Vaswani2017-18 OR FY 2016-17. TDS is one of the modes of collection of taxes, by which a certain percentage of amounts is deducted by a person at the time of making / crediting certain specific nature of payment to the other person and deducted amount is remitted to the Government Account.

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TDS is calculated and levied on the basis of a threshold limit specified by income tax department, which is the maximum level of income after which TDS will be deducted from your future income/payments.

TDS is deducted as per the Indian Income Tax Act, 1961. TDS is controlled by the Central Board for Direct Taxes and it is a part of the Indian Revenue Service Department.

TDS Rate Chart For FY 2016-17 AY 2017-18. Here we provide all past years TDS Rate Chart like – TDS Rates For F.Y 2015-16 And AY 2016-17, TDS Chart for AY 2018-19, Download TDS Rate Chart for AY 2017-18 etc…. Here We are providing Latest TDS Rates for AY 2017-18. Scroll Down Below and check all Latest TDS Rate chart issued by Income tax Department. Download latest TDS Rate Chart. TDS/TCS Rates Chart for FY 2016-17 / AY 2017-18 . Download TAX Deducted at Source Rates Chart in pdf format. All TDS Rates are available at one place. Recently we are providing Various due dates for Indian taxes . You can also Download Latest Income Tax Slab Rates AY 2017-18 & All Years. Now check more details about “TDS Rate Chart For FY 2016-17 AY 2017-18” from below….

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TDS RATE CHART POPULAR SECTIONS FY 2016-17 AY 2017-18

Section Nature of Transaction Threshold LimitTDS Rates
192SalariesAs per Slab RateSlab Rates if Not PAN TDS 30%
192APayment of Accumulated PF to employee Rs. 30000 (Old)/Rs. 50 000 (New)10%
193Interest on SecuritiesRs. 10,00010%
193Interest in DebenturesRs 5,00010%
194Dividend other than dividends  u/s 115-ORs 250010%
194AInterest other than interest on securitiesRs 500010%
194ABanks (Time Deposits/Recurring Deposit/Deposit in Co-op Banks)Rs. 10,00010%
194BWinning from lottery or crossword puzzleRs. 10,00030%
194BBWinning from Horse RaceRs. 10,00030%
194CPayment to Contractor (Single Transaction)30000/-1% /2%
194CPayment to Contractor (Aggregate amount in Financial Year)100000/-1% /2%
194DInsurance Commission20,00010%
194DAPayment in respect of Life Insurance Policy1,00,0001%
194EPayments to non-resident sportsmen or sports associationsN/A20%
194EEPayments in respect of deposits under National Savings Scheme (New rate applicable from 01.06.2016)250010%
194F194F–Payments on account of repurchase of units by Mutual Fund or Unit Trust of IndiaN/A20%
194GCommission, price, etc. on sale of lottery tickets150005%
194HCommission or brokerage50005%
194IRent – Land and Building – Furniture – Fittings18000010%
194IATransfer of Certain Immovable property other than agriculture land5000001%
194JFees for professional or technical services3000010%
194LAPayment of Compensation on acqusition of immoveable property25000010%
194LBIncome by way of interest from infrastructre debt fund (Non-Resident)N/A5%
194LBCIncome from investment in Securitisation Trust025%/30%
206C(1)(Viii)Motor vehicle value exceeding 10,00,00001%
206C(1D)Sale in cash of any goods (other than bullion and jewellery),
or providing of any services (other than payments on
which tax is deducted at source under Chapter XVII-B)
exceeding two lakh rupees.(Rs.2 Lakh).01%

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Special Note – Highlighted section, Rates & Limit is an Amendment of Budget 2016‐17 And applicable W.E.F. 01/06/2016.

Notes

* Interest on securities covers interest on the following

  • Any debentures of securities issued by local authority, central, state or provincial act.
  • Debentures issued by companies-listed , unlisted debentures issued by company in which public are substantially interested.
  • Securities of central or state government.

** Interest other than interest on securites

  • In case of interest payment on time deposits  by co-operative banks to its members the TDS Provision is applicable from 1-6-2015

*** Payment to contractor / subcontractor

  • A) From 01.06.2015 – If the payment is made to contractor/sub contractor in transport business, no TDS shall be deducted at source in the course of payment for plying, hiring or leasing goods carriages if the contractor provides PAN Number and such contractor owns ten or less goods carriage at any time during the previous year and furnishes a declaration to that effect. (WEF 01.06.2015)
  • Up to 31.05.2015– No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages on furnishing of his Permanent Account Number, to the person paying or crediting such sum

# 194LB

  • Surcharge, education cess and higher education cess shall be added to the TDS rate while paying to non resident

When payment is made to person who does not furnish his PAN, TDS shall be deducted at the rate of higher of the following

  •  The rate prescribed in the act
  • The rate prescribed in the Finance act
  • 20%

Other Important Notes :

1. Under section 192 tax is deductible from salary. The payer shall calculate salary taxable in the hands of recipient. The amount so determined is subject to tax deduction under section 192. Undersection 195, tax is deductible only if income is taxable in the hands of recipient in India. In any other case, gross payment is subject to tax deduction.

2. In Category B, tax is deductible at the above rates or the rates specified in ADT agreements entered into by the Central Government under section 90 (whichever is lower) [section 2(37A)(iii)].

3. Tax is not deductible under section 193, 194, 194A, or 194EE if the recipient makes a declaration in Form No. 15G/15H under the provisions of section 197A.

4. Under section 197 the recipient can apply the Assessing Officer in Form No. 13 to get a certificate of lower/no tax deduction. This benefit is, however, not available if tax is deductible undersection 194B, 194BB, 194E, 194EE, 194F, 194-IA, 194LB, 194LC, 196B, 196C or 196D.

5. Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India.

6. Not being royalty of the nature referred to above, payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy.

7. Fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy.

Author: – CA. Ajay R. Vaswani
B.Com, LCS, ACA, DISA
Certified Bank Concurrent Auditor (ICAI)

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8 comments

  1. Dear Sir,

    Directors Remuneration can we take under 194j

  2. dear raju chaudhary sir,

    sir,

    i am an accountant of the educational institute and institute run under trust.

    i would like to know

    if I pay the bill of Rs. 45000/- by cheque, what about tds on this

    and

    if the same amount is paid in cash what about tds ?

    and if i have no working capital to meet the expenses of the business

    then what amouint should i borrow from others to avoid tds

    amount in cash —————-

    amount by cheque ————-

    can i take donations ? if yes, what is the limit

    • Hi rajendra shah

      Payments exceeding Rs. 20,000/- cannot be made in cash. If the same are made, the expense will be disqualified.
      TDS has to be deducted if the same falls under the relevant sections concerning TDS. It makes no difference as regards to TDS whether the payments are made in cash or through bank.
      If the required TDS is not deducted, 30% of the expense will be disallowed in the current year.
      To the next query, borrowing working capital has nothing to do with TDS. You can borrow any amount but TDS provisions will still be applicable.
      There is no limit on donations but it is better to get donations with the name and address of the donor. Anonymous donations should be as few as possible.

  3. Nice chart one query is that u/s 194c if the one time payment 30000 or whole year amount exceed 75000 that time no need to deduct the tax wef 01062015 if receiving the declaration

  4. ADV PRAMOD KUMAR RAGHAV

    GOOD

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