TDS Rates – AY 2018-19

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:

  1. TDS is to be deducted on the date of credit or on the date of payment whichever is earlier
  2. In case of Section 192 and 192A the TDS would be deducted @ 30% in case PAN is invalid.
  3. 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

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