UNIVERSAL KNOWLEDGE HUB
Financial Year 2012-13
NOTE under Sec 194J (1)(ba) (any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company There is no threshold limit of 30000.Rate applicable is 10 % No Pan 20 % )
| Nature of Payment Made To Residents | Threshold (Rs.) | Company / Firm / Co-operative Society / Local Authority | Individual / HUF | If No / Invalid PAN |
|---|---|---|---|---|
| Section - Description | Rate (%) | Rate (%) | Rate (%) | |
| 192 - Salaries | Salary income must be more then exemption limit after deductions. | NA | Average rates as applicable | Higher of average rate or 20% u/s 206AA |
| 193 - Interest on securities | - | 10 | 10 | 20 |
| 194 - Dividends | - | 10 | 10 | 20 |
| 194A - Interest other than interest on securities - Others | 5000 | 10 | 10 | 20 |
| 194A - Banks | 10000 | 10 | 10 | 20 |
| 194B - Winning from Lotteries | 10000 | 30 | 30 | 30 |
| 194BB - Winnings from Horse Race | 5000 | 30 | 30 | 30 |
| 194C - Payment to Contractors/adv/sub contractor | ||||
| Payment to Contractors/adv/sub contractor - Single Transaction | 30000 | 2 | 1 | 20 |
| Payment to Contractors/adv/sub contractor - Aggregate During FY | 75000 | 2 | 1 | 20 |
| 194D - Insurance Commission | 20000 | 10 | 10 | 20 |
| 194E - Payment to Non-Resident Sportsmen or Sports Association | - | - | - | - |
| - Applicable up to June 30, 2012 | - | 10 | 10 | 20 |
| - Applicable from July 1, 2012 | - | 20 | 20 | 20 |
| 194EE - Payments out of deposits under NSS | 2500 | 20 | - | 20 |
| 194F - Repurchase Units by MFs | 20 | 20 | 20 | |
| 194G - Commission - Lottery | 1000 | 10 | 10 | 20 |
| 194H - Commission / Brokerage | 5000 | 10 | 10 | 20 |
| 194I - Rent - Land and Building | 180000 | 10 | 10 | 20 |
| 194I - Rent - Plant / Machinery | 180000 | 2 | 2 | 20 |
| 194J - Professional Fees | 30000 | 10 | 10 | 20 |
| 194LA - Immovable Property | 200000 | 10 | 10 | 20 |
| 194LB - Income by way of interest from infrastructure debt fund (non-resident) | - | 5 | 5 | 20 |
| Sec 194 LC - Income by way of interest by an Indian specified company to a non-resident / foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India (applicable from July 1, 2012) | - | 5 | 5 | 20 |
| 195 - Other Sums | - | Average rates as applicable | - | Higher of average rate or 20% u/s 206AA |
| 196B - Income from units | 10 | 10 | 20 | |
| 196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend) | - | 10 | 10 |
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