TDS Rates for FY 2017-18 i.e. AY 2018-19
|
Section |
Nature of Income | When to Deduct |
Rate of TDS |
| 192 | Salaries | If the payable salary exceeds the maximum amount chargeable to tax | Average Rates |
| 192A | Premature withdrawal from EPF | If the aggregate amount exceeds Rs.50000 | 10% |
| 193 | Interest on securities | When the amount exceeds Rs.10000, or Rs. 5000 in case of debentures | 10% |
| 194 | Dividends | When the amount exceeds Rs.2500 | 10% |
| 194A | Interest Banks / others | When the amount exceeds Rs. 10000 in case of banks and Rs. 5000 in case of others | 10% |
| 194C | Contractor-Single / yearly | When single payment exceeds Rs.30000 and Total payments in a year exceeds Rs. 75000 | 1% if payment is made by Individual / HUF; otherwise 2% |
| 194H | Payment of commission Brokerage | When the amount exceeds Rs.15000 | 5% |
| 194I | Rent on Land & building, Furniture & Fixtures | When the amount exceeds Rs. 180000 | 10% |
| 194I | Rent on Plant & Machinery | When the amount exceeds Rs. 180000 | 2% |
| 194IA | Payment on transfer of immovable property other than agricultural land | When the amount exceeds Rs. 50 Lakhs and the land is situated in specified area | 1% |
| 194IB | Rent payable by Individual/HUF not covered u/s 194I | When the amount exceeds Rs. 50000 per month | 5% |
| 194J | Professional | When the amount exceeds Rs. 30000 | 10%, 2% in case the payment is made to a person engaged in business of operation of call center |
| 194LA | Payment on transfer of immovable property other than agricultural land by way of compulsory acquisition | When the amount exceeds Rs. 250000 w.e.f 1.04.17 | 10% |
Notes:
- TDS is to be deducted on the date of credit or on the date of payment whichever is earlier
- In case of Section 192 and 192A the TDS would be deducted @ 30% in case PAN is invalid.
- In the case of other sections 20% TDS will be deducted if the PAN is invalid.
Due dates for Deposit of TDS
|
Non- Government deductor |
|
|
From April to February |
7th of next month |
| For March |
30th April |
|
Government deductor |
|
|
From April to February |
7th of next month |
| For March |
7th April |
Note:
Due date for deposit of TDS on salary is also same except that the TDS on Perquisites (1921A) is to be paid on 7th of next month