Saturday, 31 October 2015
TDS threshold limits for AY: 2016-17 (FY: 2015-16) [Residents]
Tax has to be deducted at source when making payments or accrual is made to residents under the following sections after the payment crosses the following threshold limits.
Under Section
|
Threshold Limit (Rs.)
|
Nature of Payment
|
192
|
180000
|
Salaries
|
192A
|
30000
|
Premature withdrawal from EPF (from 01.June.2015)
|
193
|
NA
|
Interest on securities
|
194
|
2500
|
Dividends
|
194A
|
10000
|
Interest other than Int. on securities (by Bank)
|
194A
|
50000
|
Interest other than intereston securities (by Others)
|
194A
|
10000
|
Banks Recurring deposit ( wef
01.June.15)
|
194A
|
10000
|
Deposit in Co-op Banks (wef
01.June.15)
|
194B
|
10000
|
Winning from Lotteries
|
194BB
|
5000
|
Winnings from Horse Race
|
194C
|
30000
|
Payment to Contractor for Single
Transaction During the F.Y.
|
194C
|
75000
|
Payment to Contractor Aggregate
During the F.Y.
|
194C
|
NA
|
Contract - Transporter who has
provided valid PAN (up to 31.May.2015)
|
194C
|
30000/75000
|
Contract - Transporter not covered
under 44AE (wef 01.June.2015)
|
194C
|
NA
|
Contract - Transporter covered
under 44AE & submit declaration on prescribed form with PAN (wef
01.June.2015)
|
194D
|
20000
|
Insurance Commission
|
194DA
|
100000
|
Payment in respect of life
insurance policy(applicablefrom 01.Jan.2014)
|
194E
|
NA
|
Payment to Non-Resident Sportsmen
or Sports Association
|
194EE
|
2500
|
Payments out of deposits under NSS
|
194F
|
NA
|
Repurchase Units by MFs
|
194G
|
10
|
Commission on sale of Lottery
tickets
|
194H
|
5000
|
Commission or Brokerage
|
194I
|
180000
|
Rent - Land and Building -
furniture - fittings
|
194I
|
180000
|
Rent - Plant / Machinery /
equipment
|
194IA
|
5000000
|
On Sale/Transfer of immovable
property other than agriculture land (wef from 01.June 2013)
|
194J
|
30000
|
Professional Fees
|
194J(1)(ba)
|
NA
|
Any remuneration or commission paid to director of the company (wef from 01.July.2012)
|
194LA
|
200000
|
Compensation on acquisition of
immovable property
|
194LB
|
Na
|
Income by way of interestfrom infrastructure debt fund (non-resident)
|
194LC
|
NA
|
Income by way of interest by an Indian specified company to a
non-resident / foreign company on foreign currencyapproved loan / long-term infrastructure bonds
from outside India
|
194LD
|
NA
|
Interest on certain bonds and govt. Securities
|
196B
|
NA
|
Income from units
|
196C
|
NA
|
Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)
|
196D
|
NA
|
Income of FIIs from securities
|
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