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Latest TDS Rate Chart

Latest TDS Rate Chart
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Here is the Latest TDS Rate chart for the Financial Year 2016-17 and applicable for the assessment year 2016-17. The rate is after considering Budget of 2016-17.

Section As Per IT Rule Nature of Transaction  Exemption Limit Rate To Be Deducted
Individual/ HUF Others
Section 192 Salary Payment Minimum amount not chargeable to Tax As per Current Income Tax Rate for Individuals As per Income Tax rate
Section 193  Interest on Securities/ Debentures 5000 10% 10%
Section 194 Deemed Dividend 10% 10%
Section 194 A Interest other than securities 10000 10% 10%
Banks/FD 10000 10% 10%
 Others 5000 10% 10%
Section 194 B Winning from Lotteries/Game/Puzzle 10000 30% 30%
Section 194BB Winning from Horse Race 10000 30% 30%
Section  194C Payment to Contractors
Single Transaction
30000 1% 2%
Aggregate during the Year 100000 1% 2%
Transporter who has provided PAN Nil Nil Nil
Section  194D  Insurance Commission 15000 5% 5%
Section 194E Non-Resident Sportsmen 20% 20%
Section 194EE Payment out of deposits under NSS 2500 10%
Section 194G Commission – Lottery 15000 5% 5%
Section 194H  Commission and Brokerage 15000 5% 5%
Section 194I Rent for  Land & Building 180000 10% 10%
Rent for Plant & Machinery 180000 2% 2%
Section 194J Fee for Techenical and professional services 30000 10% 10%
Section 194IA  Immovable Property 5000000 1% 1%

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