TDS Rates Chart for FY 2013-14 (Assessment

Year 2014-15)
by Sanyam Jain | posted: February 28, 2013 0 comment
RATES FOR DEDUCTION OF TAX AT SOURCE for FY 2013-14 (AY 2014-15) IN
CERTAIN CASES
In every case in which under the provisions of sections 193, 194, 194A, 194B, 194BB, 194D and
195 of the Income-tax Act, tax is to be deducted at the rates in force, deduction shall be made
from the income subject to the deduction at the following rates:Important: Please note that the TDS Rates for FY 2013-14 remains same as of FY 2012-13,
only few changes were made which you can find after the table
Section Particulars
Salary
192
193
193

Interest on Specified Securities

Interest other Securities

194
194
194A

Dividend
(Deemed)
Dividend (Other)
Interest other than interest on
security

TDS
Normal
Rate
10%
10%

10%
Nil
10%

Threshold Limit
As per normal computation of
income
Rs. 5,000 [Rs. 2,500 upto 30-6-2012]
in case of Listed Debentures payable
to resident individual or a Hindu
undivided family, by a company in
which public are substantially
interestedRs. 10,000 in case of 8%
Savings (Taxable) Bonds, 2003,
Rs. 10,000 in case of 6 per cent
Gold Bonds, 1977, or 7 per cent Gold
Bonds, 1980, where the Bonds are
held by an individual not being a
non-resident, and the holder thereof
makes a declaration in writing before
the person responsible for paying the
interest that the total nominal value
of the 6 per cent Gold Bonds, 1977,
or, as the case may be, the 7 per cent
Gold Bonds, 1980
No TDS on certain specified
securities see section 193
Rs. 2,500 where shareholder is an
individual
(a) Rs. 10,000/- where the payer is a
banking company
(b) Rs. 10,000/- where the payer is a
co-operative society engaged in

194C

Payment to other contractors

2%

194D
194E

Insurance Commission
Payment to a non-resident foreign
citizen sportsman or nonresident
sports association [upto
30.6.2012]
Payment to a non-resident foreign
citizen sportsman / entertainer or
non resident sports association
[w.e.f. 1.7.2012]
Payment for National Saving
Scheme, 1987
Payment for repurchase of units
Commission on sale of lottery
ticket
Commission or Brokerage
Rent on land, building or furniture
TDS on transfer of immovable
property other than agriculture
land (w.e.f. 01.06.13)
Rent on plant, machinery or
equipment
Fees for Professional/Technical
services
Remuneration to a director w.e.f.
1.7.2012
Compensation to a resident on

10%
10%

carrying on the business of banking;

(c) Rs. 10,000/- on any deposit with
post office under any scheme framed
by the Central Government and
notified by it in this behalf; and
(d) Rs. 5,000/- in any other case
Rs. 10,000
Rs. 5,000
Rs. 30,000 per single contract or Rs.
75,000 in aggregate during the
Finance Year
No TDS on GTA if PAN number of
the GTA is available
Rs. 30,000 per single contract or Rs.
75,000 in aggregate during the
Finance Year
No TDS on GTA if PAN number of
the GTA is available
Rs. 20,000
-

20%

20%

Rs. 2500

20%
10%

Rs. 1,000

10%
10%
1%

Rs. 5,000
Rs. 1,80,000
Rs. 50,00,000

2%

Rs. 1,80,000

10%

Rs. 30,000

30%
194B Winning from Lotteries
Winning
for
horse
race
30%
194BB
194C Payment to Individuals and HUF 1%

194EE
194F
194G
194H
194I
194IA

194I
194J

194LA

10%
10%

Rs. 2,00,000

acquisition of certain immovable

property

[Rs. 1,00,000 upto 30.6.2012]

Applicable TDS Rates are same as were in force for F.Y. 2013-13 except the changes
specified below.
I. Rates for deduction of income-tax at source during the financial year 2013-14 from
certain incomes other than Salaries.
The rates for deduction of income-tax at source during the financial year 2013-14 from certain
incomes other than Salaries have been specified in Part II of the First Schedule to the Bill. The
rates for all the categories of persons will remain the same as those specified in Part II of the
First Schedule to the Finance Act, 2012, for the purposes of deduction of income-tax at source
during the financial year 2012-13, except that in case of certain payments made to a non-resident
(other than a company) or a foreign company, in the nature of income by way of royalty or fees
for technical services, the rate shall be twenty-five percent of such income.
(1) Surcharge
The amount of tax so deducted, in the case of a non-resident person (other than a company),
shall be increased by a surcharge at the rate of ten 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 .
The amount of tax so deducted, in the case of a company other than a domestic company (i.e.
foreign company), shall be increased by a surcharge 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 and it shall be
increased by a surcharge 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.
No surcharge will be levied on deductions in other cases.
(2) Education Cess
Education Cess on income-tax and Secondary and Higher Education Cess on income-tax
shall continue to be levied at the rate of two per cent and one per cent. respectively, of income
tax including surcharge wherever applicable, in the cases of persons not resident in India
including companies other than domestic company.
II. Rates for deduction of income-tax at source from Salaries, computation of advance
tax and charging of income-tax in special cases during the financial year 2013-14.

The rates for deduction of income-tax at source from Salaries during the financial year 201314 and also for computation of advance tax payable during the said year in the case of all
categories of assessees have been specified in Part III of the First Schedule to the Bill. These
rates are also applicable for charging income-tax during the financial year 2013-14 on current
incomes in cases where accelerated assessments have to be made, for instance, provisional
assessment of shipping profits arising in India to non-residents, assessment of persons leaving
India for good during the financial year, assessment of persons who are likely to transfer
property to avoid tax, assessment of bodies formed for a short duration, etc.