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| Rates for tax deduction at source.pdf | 206.2 KB | 06/13/2016 | Download |
TCS RATES
TDS/TCS RATES FOR FINANCIAL YEAR 2015- 16
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| Rates for tax deduction at source.pdf | 206.2 KB | 05/28/2015 | Download |
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.
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TDS/TCS RATES FOR FINANCIAL YEAR 2013- 14
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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
SECTIONS
SEC 192A 30000
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
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
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SEC 194 ( in case of individual shareholder) 2500 2500
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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
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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