SectionNature of PaymentThreshold Limit of Payment01-04-2017 to 31-05-201701-06-2017 onwards
192

Income from Salary

Senior Citizen (60 Years)

Rs. 3,00,000Average rate of Tax + Education Cess (Surcharge if Salary > 50 Lacs)Average rate of Tax + Education Cess
(Surcharge if Salary > 50 Lacs)

Super Senior Citizen (80 Years)

Rs. 5,00,000
OthersRs. 2,50,000
192APremature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)Rs. 50,00010%10%
193

* Interest on Securities

Rs. 5,00010%10%
194A

Interest from a Banking Company

Rs. 10,000 per annum10%10%
194A

Interest other than from a Banking Company

Rs. 5,000 per annum10%10%
194B

Winning from Lotteries & Cross Word Puzzles

Rs. 10,000 per annum30%30%
194C

Transporters with valid PAN & to whom 44AE applicable

0%0%
194CPayment to Contractors; Sub-contractor; Advertising Contractors (including other transporters)Rs.30,000 per contract (or)
Rs. 1,00,000 per annum
Individual/HUF 1% Others 2%Individual/HUF 1% Others 2%
194DInsurance CommisionRs. 15,000Resident:5%
Domestic Company:10%
Resident:5%
Domestic Company:10%
194DA

Payment under life insurance policy (including Bonus)

Rs.99,999 per annum1%1%
194E

Non-resident Sportman or Sports Association

20%20%
194EE

Out of deposit under NSS

Rs.2,499
Individual or HUF 10%
Other NA
Individual or HUF 10%
Other NA
194G

Commission on Sale of Lottery Tickets

Rs. 15,0005%5%
194H**Commission/BrokerageRs. 15,000 per annum5%5%
194-I**Rent on Plant / MachineryRs. 1,80,000 per annum2%2%
194-I

**Land or building or furniture or fitting

Rs. 1,80,000 per annum10%10%
194-IAPayment or transfer of Non -agricultural immovable propertyRs. 50,00,000 & above1%1%
194-IBRent payable by an individual or HUF not covered u/s. 194IRs.50,000 per month5%
194JFees for Professional / Technical ServicesRs. 30,000 per annum10%
2% (For Call Centre)
10% (For Others)
194LACompulsory Acquisition of immovable PropertyRs. 2,50,00010%10%

* Only for Debenture in which the public are substantially interested
** Other than Individual or HUF except those covered u/s 44AB

TCS Rates

206C

Scrap

1.00%1.00%
206C

Tendu Leaves

5.00%5.00%
206CTimber obtained under a forest lease or other mode

2.50%2.50%
206CAny other forest produce not being a Timber or tendu leave

2.50%2.50%
206C

Alcoholic Liquor for Human Consumption

1.00%1.00%
206CPacking lot, toll plaza, mining & quarrying

2.00%2.00%
206CPurchase of coal lignite, Iron ore by a trader1.00%1.00%
206CSale Value of Motor vehicle whether in cheque or in any other mode of receiptExceeding Rs. 10 Lakhs per transaction1.00%1.00%

Notes

1. Surcharges & Education Cess

Type of PaymentSurcharge
RateEducation Cess (3.00%)
Salary (Resident & Non- resident)Upto 50 LacsNilYes
50 Lacs to  1 Crore10%
Salary (Resident & Non- resident)> 1 Crore15%Yes
Other Payments to ResidentsNoNilNo
Other Payments to Non-Residents
Payment to Non-Residents (other than Cos)Upto 1crNilYes
> 1 Crore10%
Payments to Foreign Co.Upto 1crNilYes
> 1 Crore2%
> 10 Crores5%

Interest on delay in deposit of tax after deduction

Stage of deductionRate per month or part of the month

From date when deductible till actual deduction

1.00%

From date of deduction till payment

1.50%