June 13, 2016

Tds /Tcs Rates for Financial Year 2016 - 17 / 2015 - 16 / 2014- 15 / 2013- 14 - CA-CS-ICWA-TAX PROFESSIONALS PORTAL

TDS / TCS RATES
TDS/TCS RATES FOR FINANCIAL YEAR 2016 - 17

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Rates for tax deduction at source.pdf 206.2 KB06/13/2016Download

TCS RATES



TDS/TCS RATES FOR FINANCIAL YEAR 2015- 16

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Rates for tax deduction at source.pdf 206.2 KB05/28/2015Download

TCS RATES

Note

In cases in which tax has to be deducted under sections 193, 194, 194A, 194B, 194BB, 194D, 194LBA and 195 of the Income-tax Act, at the rates in force, the deductions shall be made at the rates specified in Part II of the First Schedule and shall be increased by a surcharge, for purposes of the Union, calculated in cases wherever prescribed, in the manner provided therein.

In cases in which tax has to be deducted under sections 192A, 194C, 194DA, 194E, 194EE, 194F, 194G, 194H, 194-I,194-IA, 194J, 194LA, 194LB, 194LBA, 194LBB, 194LC, 194LD, 196B, 196C and 196D of the Income-tax Act, the deductions shall be made at the rates specified in those sections and shall be increased by a surcharge, for purposes of the Union,—

 (a) in the case of every individual or Hindu undivided family or association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act, or co-operative society or firm, being a non-resident, calculated at the rate of twelve per cent. of such tax, where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds one crore rupees;

 (b) in the case of every company, other than a domestic company, calculated,—

 (i) at the rate of two per cent. of such tax, where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds one crore rupees but does not exceed ten crore rupees; 

(ii) at the rate of five per cent. of such tax, where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds ten crore rupees.

 In cases in which tax has to be collected under the proviso to section 194B of the Income-tax Act, the collection shall be made at the rates specified in Part II of the First Schedule, and shall be increased by a surcharge, for purposes of the Union, calculated, in cases wherever prescribed, in the manner provided therein.

In cases in which tax has to be collected under section 206C of the Income-tax Act, the collection shall be made at the rates specified in that section and shall be increased by a surcharge, for purposes of the Union,—

(a) in the case of every individual or Hindu undivided family or association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act, or co-operative society or firm, being a non-resident, calculated at the rate of twelve per cent. of such tax, where the amount or the aggregate of such amounts collected and subject to the collection exceeds one crore rupees;

(b) in the case of every company, other than a domestic company, calculated— 

(i) at the rate of two per cent. of such tax, where the amount or the aggregate of such amounts collected and subject to the collection exceeds one crore rupees but does not exceed ten crore rupees; 

(ii) at the rate of five per cent. of such tax, where the amount or the aggregate of such amounts collected and subject to the collection exceeds ten crore rupees.

TDS/TCS RATES FOR FINANCIAL YEAR 2014- 15

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TCS RATES


TDS/TCS RATES FOR FINANCIAL YEAR 2013- 14

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TCS RATES
     

THRESHHOLD LIMITS  F/Y 2016-17 ( w.e.f 1st June 2016 )
SEC 192A                                                                                               50000

SEC   194 BB                                                                                           10000

SEC   194D                                                                                               15000        

SEC   194 G                                                                                              15000              

SEC   194 H                                                                                              15000 

SEC    194LA                                                                                           250000

SEC   206C  ( TCS )                                               

 BULLION                                                                                             200000    


JEWELLERY                                                                                        500000


TCS on sale in cash of any goods (other than bullion/jewellary)     200000

TCS on providing of any services (other than Ch-XVII-B)              200000

TCS on Motor Vehicle                                                                          1000000


                                                     ANNUAL             SINGLE

SEC 194C                                                             100000                        30000
     
THRESHOLD LIMITS UNDER OTHER SECTIONS ARE SAME AS BELOW


THRESHHOLD LIMITS UP TO F/Y 2015-16 / F/Y 2016-17 (up to 31st May 2016 ) 


SECTIONS                                                          ANNUAL             SINGLE

SEC 194C                                                             75000                   30000 

SEC 194 ( in case of individual shareholder)     2500                       2500  
                                           

-------------------------------------------------------------------------------------------------------------------

SECTIONS

SEC 192A                                                                      30000

SEC 194J                                                                       30000                        

SEC 194 J (1) (ba)                                                            -                             


SEC  194 I (A)                                                               180000  

SEC   194 1(B)                                                               180000


SEC   194 H                                                                      5000  


SEC   194 G                                                                      1000

SEC   194 F                                                                           -

SEC   194 EE                                                                    2500

SEC   194 D                                                                      20000

SEC   194 BB                                                                     5000

SEC   194 A                                       

Banks                                                                                 10000


Cooperative society (Carrying Banking Business)         10000


Post office Senior Citizen Savings Scheme                      10000 


Any other case                                                                     5000   

SEC   194 B                                                                        10000

SEC   194 LA                                                                     200000

SEC   194 IA                                                                       5000000

SEC   206C    ( TCS )                                            

 BULLION                                                                           200000    

JEWELLERY                                                                      500000  


TDS SECTIONS / PAYMENT CODES

http://chdcaprofessionals.blogspot.in/2013/02/tds-payment-codes-latest-amended.html

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