Answers!
Important Sections TDS Chart (From 1st June 2016)
Section no
Description
Cutoff
Rate of TDS
Examples
194I
Rent of
180000 p.a
10%
Office rent /godown rent/guesthouse rent
Land and Building or Furniture
Others like Plant and Machinery
2%
Generator rent, machinery hire charges
194J
Professional Service/Technical/Royalty/Non Compete fees
30000 p.a
10%
Audit fees/Bills of professionals like CA/CWA/CS, or technical service providers or consultancies covered. Employees on contract which are white collared covered here
194H
Commission/Brokerage
5000 p.a 15000 p.a
10% 5%
Commission to broker/sales agent etc
194J(1)(b)(a)
Payment to directors other than salary
0
10%
Sitting fees to director/any payment other than salary
194A
Interest paid by Banks on FD/RD
10000 p.a
10%
Savings bank interest not covered, only interest on fixed deposits and recurring deposits covered
194 A
Interest paid by Others on Loan etc
5000 p.a
10%
Interest on loan taken from banks or financial institutions not covered, only interest on loan from friends/relatives/related companies covered
194 IA
Purchase of Immovable property
4999999
1%
On purchase of property more than 50 lacs, buyer has to deduct 1% and pay balance to party
194C
Payment to Contractors
30000 Single Contract
or 75000 100000 annual
1% for Individual and HUF (2% For Others like Partnership,
Company)
All other services like payment to Security guard/courier/maintenance agency/cab service/advertisement/employees on contract which do blue collared or manual work like peon/driver etc
192A
Withdrawal of Pf before 5 Years
30000 50000 p.a
10%
If we withdraw our PF for before 5 years, then Pf department deduct 10% TDS.
Comment
Answer the question...
Important Sections TDS Chart (From 1st June 2016)
|
Section no |
Description |
Cutoff |
Rate of TDS |
Examples |
|
194I |
Rent of |
180000 p.a |
10% |
Office rent /godown rent/guesthouse rent |
|
Land and Building or Furniture |
||||
|
Others like Plant and Machinery |
2% |
Generator rent, machinery hire charges |
||
|
194J |
Professional Service/Technical/Royalty/Non Compete fees |
30000 p.a |
10% |
Audit fees/Bills of professionals like CA/CWA/CS, or technical service providers or consultancies covered. Employees on contract which are white collared covered here |
|
194H |
Commission/Brokerage |
5000 p.a 15000 p.a |
10% 5% |
Commission to broker/sales agent etc |
|
194J(1)(b)(a) |
Payment to directors other than salary |
0 |
10% |
Sitting fees to director/any payment other than salary |
|
194A |
Interest paid by Banks on FD/RD |
10000 p.a |
10% |
Savings bank interest not covered, only interest on fixed deposits and recurring deposits covered |
|
194 A |
Interest paid by Others on Loan etc |
5000 p.a |
10% |
Interest on loan taken from banks or financial institutions not covered, only interest on loan from friends/relatives/related companies covered |
|
194 IA |
Purchase of Immovable property |
4999999 |
1% |
On purchase of property more than 50 lacs, buyer has to deduct 1% and pay balance to party |
|
194C |
Payment to Contractors |
30000 Single Contract or 75000 100000 annual |
1% for Individual and HUF (2% For Others like Partnership, Company) |
All other services like payment to Security guard/courier/maintenance agency/cab service/advertisement/employees on contract which do blue collared or manual work like peon/driver etc |
|
192A |
Withdrawal of Pf before 5 Years |
30000 50000 p.a |
10% |
If we withdraw our PF for before 5 years, then Pf department deduct 10% TDS. |
Comment