Companies Individuals HUF

194 Dividend
- Dividends on which dividend distribution tax (u/s 115-O) has been paid Not applicable Not applicable Not applicable
- Other dividends 10 10 10
1!000"
194-# $ent
- %or use o% &achiner' or plant or e(uip&ent ) ) )
- %or use o% land or buildin* or %urniture or %ittin*s 10 10 10
194 #+ ,rans%er o% i&&ovable propert' 5!000!000" 1 1 1
(Effective from 1 June 2013)
" ,hreshhold &entioned is the transactional threshhold li&it-
"" ,hreshold %or #N$ 5!000 applies %or pa'&ents &ade to #ndividuals and ./0 on account o% interest on debentures issued b' a co&pan' in which public is substantiall' interested-
""" ,hreshold o% #N$ )!500 applies %or pa'&ents &ade to individuals-
Note:
1- ,he rates &entioned above are as per the 0inance 1ill! )012 presented b' the 0inance 3inister which is 'et to be passed-
)- 4., rates under sections 1945! 1946+ and 19461 have not been included as the' &a' not be relevant-
2- #n absence o% 7+N the hi*her o% the %ollowin* rates will be applicable as per 8ection )09++:
; +t the rate speci%ied in the relevant provision o% the #nco&e-tax +ct-
; +t the rates in %orce-
; +t the rate o% )0-
10 10 10 20!000
<
+s per slab rates
5!000""
<
)!500"""
<
5!000
<
1=0!000
<
20!000"/ >5!000
<
)0!000
<
)!500
<
Not applicable
10 10 10 194.
?o&&ission etc- on sale o% lotter' tic@ets
?o&&ission or bro@era*e
194A 0ees %or pro%essional or technical services
$epurchase o% units b' 3utual %unds or /,# Bunder section =0??1())C 1940
10 10 10 194D
)0 )0
)0 )0 )0
Not applicable
) 1 1
10 10 10
5000"
10 10 10
20 20 20
20 20 20
10 10 10
10!000 / 5!000
E
10!000"
194?
194D
194FF
#nterest on securities
#nterest other than G#nterest on securitiesG
4innin*s %ro& lotter' or crossword puHHle
4innin*s %ro& horse race
7a'&ents to contractors
#nsurance co&&ission
Deposits under N88 etc-Bunder section =0??+())(a)C

E
,hreshold o% #N$ 5!000 applies %or pa'&ents &ade b' persons other than ban@s/co-operative societies en*a*ed in carr'in* on the business o% ban@in*/post o%%ice-

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,hreshold &entioned is the annual threshold li&it-
Applicable rates on payments made to
Withholding tax rate chartPayments to residents(AY !"#$"%&
'ature o( payment
)ase threshold
(in I'*&
+ection
re(erence
19) 8alar' Not applicable +vera*e rate o% inco&e-tax Not applicable
192
194+
1941
19411
*ate
+ection
*e(erence
#nterest :
- on borrowin* in %orei*n currenc' )0
- on borrowin* in #N$ 40
E
,he %ollowin* pa'&ents will be taxed at 10
I
,he lower withholdin* rate on F?1 would appl' onl' i% the %ollowin* conditions are &et:
; ,he borrowin* should be under a loan a*ree&ent-
; ,he lower rate o% withholdin* tax is %or &onies borrowed durin* the period %ro& 1 Aul' )01) to 20 Aune )015-
; ,he &onies borrowed under the loan a*ree&ent b' the #ndian co&pan' should co&pl' F?1 re*ulations under the exchan*e control *uidelines-
; No part o% the borrowin* has ta@en place under the said a*ree&ent be%ore 1 Aul' )01)-
; ,he rate o% interest is in co&pliance with the rate speci%ied %or 0F3+ *uidelines-
; ,he a*ree&ent should not be restructurin* o% an existin* a*ree&ent %or borrowin* in %orei*n currenc' solel' %or ta@in* bene%it o% reduced withholdin* tax rates-
; ,he borrowin* co&pan' should have obtained a 6oan $e*istration Nu&ber (6$N) issued b' the $eserve 1an@ o% #ndia ($1#) in respect o% the +*ree&ent-
; ,he end use o% the %unds and other conditions as laid out b' the $1# under F?1 re*ulations should be %ollowed durin* the entire ter& o% the loan a*ree&ent under which the borrowin* has been &ade-
Note:
1- ,he rates &entioned above are as per the 0inance 1ill! )012 presented b' the 0inance 3inister which is 'et to be passed-
)- ,D8 rates under the #nco&e-tax +ct! 1991 will be increased b' surchar*e as under:
If payee is a company
If payee is a person other than a company
2- ,D8 rates %or borrowin* in the %or& o% in%rastructure bonds have not been provided assu&in* it will not be applicable %or the co&pan'-
4- ,he rates as per D,++ will appl' onl' i% -
a) the non-resident recipient is the bene%icial owner o% such inco&eJ and
b) a ,ax $esidenc' ?erti%icate (,$?) containin* the prescribed particulars as re(uired b' $ule )1+1 is %urnished b' the non-resident-
5- 0urther! in order to avail the bene%its o% the #ndia-/8+ D,++! conditions speci%ied in the article on G6i&itation o% 1ene%itsG would need to be satis%ied-
9- #n absence o% 7+N the hi*her o% the %ollowin* rates will be applicable as per 8ection )09++:
; +t the rate speci%ied in the relevant provision o% the #nco&e-tax +ct-
; +t the rates in %orce-
; +t the rate o% )0-
Withholding tax rate chartPayments to non$residents(AY !"#$"%&
India$,enmar- ,.AA India$U+A ,.AA
Applicable rates as per
Income$tax Act/ "01"
'ature o( payment
$o'alt'
0ees %or technical services
#nterest on borrowin* in %orei*n currenc'
I
)5
)5
5
195
195
1946?
195 10/15" 10/15
<
10/15
<
10/15"
)0 15
E
15
E
)0
- at the rate o% 10 where the inco&e or a**re*ate o% such inco&es paid or li@el' to be paid and subKect to deduction exceeds #N$ 10 crores-
- at the rate o% 10 where the inco&e or a**re*ate o% such inco&es paid or li@el' to be paid and subKect to deduction exceeds #N$ 1 crore-
" ,ax should be withheld at 10 per cent o% the *ross a&ount! i% such interest is paid on an' loan o% whatever @ind *ranted b' a ban@ and 15 per cent o% the *ross a&ount in all other cases-
- pa'&ents o% an' @ind received as consideration %or the use o%! or the ri*ht to use! an' industrial! co&&ercial! or scienti%ic e(uip&ent! other than pa'&ents derived b' an enterprise described in
para*raph 1 o% +rticle = (8hippin* and +ir ,ransport) %ro& activities described in para*raph )(c) or 2 o% +rticle = o% the D,++-
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,ax should be withheld at 10 per cent o% the *ross a&ount o% the interest i% such interest is paid on a loan *ranted b' a ban@ carr'in* on a bona %ide ban@in* business or b' a si&ilar %inancial institution (includin*
an insurance co&pan') and E15 per cent o% the *ross a&ount o% the interest in all other cases-
- %ees %or included services that are ancillar' and subsidiar' to the enKo'&ent o% the propert' &entioned above-
- at the rate o% ) where the inco&e or a**re*ate o% such inco&es paid or li@el' to be paid and subKect to deduction exceeds #N$ 1 crore but does not exceed #N$ 10 crores-
'ormal 2A. 'ormal 2A.
Income upto " crore
,ax rate 20 1=-5 40 1=-5
Fducation cess 2 2 2 2
3((ective tax rate 4!50!6 "05!16 #"5!6 "05!16
Income above " crore upto "! crores
,ax rate 20 1=-5 40 1=-5
8urchar*e 5 5 ) )
Fducation cess 2 2 2 2
3((ective tax rate 45#%6 !5!"6 #5!6 "05##6
Income above "! crores
,ax rate 20 1=-5 40 1=-5
8urchar*e 10 10 5 5
Fducation cess 2 2 2 2
3((ective tax rate 445006 !5016 #4516 !5!"6
.ax rates (or companies(AY !"#$"%&
,omestic companies Foreign companies
Particulars
Note: ,he rates &entioned above are as per the 0inance 1ill! )012 presented b' the 0inance 3inister
which is 'et to be passed-
As per slab rates
Income .ax rate
/pto )00!000 Nil
)00!001 to 500!000 10
500!001 to 1!000!000 )0
+bove 1!000!000 20
Note:
1- ,he rates &entioned above are as per the 0inance 1ill! )012 presented b' the 0inance 3inister which is 'et to be passed-
)- 8urchar*e proposed at the rate o% 10 i% inco&e exceeds #N$ 1 crore-
2- $ebate upto #N$ )!000 available to resident individuals i% total inco&e does not exceed #N$ 500!000-
4- 1asic exe&ption li&it %or senior and ver' senior citiHens is #N$ )50!000 and #N$ 500!000 respectivel'-
.ax rates (or individuals(AY !"#$"%&