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  • Withholding Tax Codes

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    ganeshengineering2007
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    This document outlines tax deduction at source (TDS) rates for various transactions in India. It lists TDS rates and thresholds for interest, rent, contractor payments, professional/consultancy services, commission, purchase of goods, and other payments. Rates vary from 0.1% to 20% depending on the type and amount of payment, whether it is an advance/down payment or invoice, and whether Section 206AB for higher rate on payments to specified persons is applicable. Threshold limits also determine whether the higher rate under Section 206AB or the standard rate applies.

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    This document outlines tax deduction at source (TDS) rates for various transactions in India. It lists TDS rates and thresholds for interest, rent, contractor payments, professional/consultancy services, commission, purchase of goods, and other payments. Rates vary from 0.1% to 20% depending on the type and amount of payment, whether it is an advance/down payment or invoice, and whether Section 206AB for higher rate on payments to specified persons is applicable. Threshold limits also determine whether the higher rate under Section 206AB or the standard rate applies.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Withholding Tax Codes

    Uploaded by

    ganeshengineering2007
    This document outlines tax deduction at source (TDS) rates for various transactions in India. It lists TDS rates and thresholds for interest, rent, contractor payments, professional/consultancy services, commission, purchase of goods, and other payments. Rates vary from 0.1% to 20% depending on the type and amount of payment, whether it is an advance/down payment or invoice, and whether Section 206AB for higher rate on payments to specified persons is applicable. Threshold limits also determine whether the higher rate under Section 206AB or the standard rate applies.

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    of 1

    GL account Wth.t. type Wth.t.

    Code Particulars Rate of Tax Threshold Limit Nature

    266450 D1 HA 194A Interest 10% (DP) 10% Down/Advance Payment


    266450 I1 HA 194A Interest 10% (Invoices) 10% Individual or Aggregate More than Invoice
    266456 D2 HA TDS Payable u/s 206AB - 194A 20% (DP) 20% Rs 5000 Down/Advance Payment
    266456 I2 HA TDS Payable u/s 206AB - 194A 20% (INV) 20% Invoice

    266451 D0 81 194I Rent Others 2% (DP) 2% Down/Advance Payment


    266451 I0 81 194I Rent Others 2% (INV) 2% Invoice
    266451 D7 HG 194I Rent 10% (DP) 10% Aggregate Payment More than Rs. Down/Advance Payment
    266451 I7 HG 194I Rent 10% (INV) 10% 240000/- Invoice
    266458 D7 HI TDS Payable u/s 206AB - 194I 20% (DP) 20% Down/Advance Payment
    266458 I7 HI TDS Payable u/s 206AB - 194I 20% (INV) 20% Invoice

    266460 D3 HC 194C Contractor 1% (DP) 1% Down/Advance Payment


    266460 I3 HC 194C Contractors 1% (Invoices) 1% Individual Payment More than Rs. Invoice
    266460 D3 XC 194C Contractor 2% (DP) 2% 30000/- Down/Advance Payment
    266460 I3 XC 194C Contractors 2% (Invoices) 2% Aggregae Payment More than Rs. Invoice
    TDS payable U/S 206AB - 5% (DP) 100000/-
    266455 DP HP 5% Down/Advance Payment
    266455 IP HP TDS payable U/S 206AB - 5% (INV) 5% Invoice

    266490 D8 HH 194J Prof / Consultancy. serv 10%(DP) 10% Down/Advance Payment


    266490 I8 HH 194J Prof / Consultancy serv 10%(INV) 10% Invoice
    266459 D8 HJ TDS Payable u/s 206AB - 194J 20% (DP) 20% Individual or Aggregate More than Down/Advance Payment
    266459 I8 HJ TDS Payable u/s 206AB - 194J 20% (INV) 20% Rs. 30000/- Invoice
    266490 DM 30 194J Technical serv 2%(DP) 2% Down/Advance Payment
    266490 IM 30 194J Call centre 2%-DP 2% Invoice

    266491 DC M3 194H Commission 5% DP 5% Down/Advance Payment


    266491 IC M3 194H Commission 5% (Invoices) 5% Individual or Aggregate More than Invoice
    266457 DC HH TDS Payable u/s 206AB - 194H 10% (DP) 10% Rs. 15,000/- Down/Advance Payment
    266457 IC HH TDS Payable u/s 206AB - 194H 10% (INV) 10% Invoice

    266496 DQ HQ 194Q Purchase of goods 0.1% (DP) 0.1% Down/Advance Payment


    266496 IQ HQ 194Q Purchase of goods 0.1% (INV) 0.1% Invoice
    266455 DP HP TDS payable U/S 206AB - 5% (DP) 5% Down/Advance Payment
    266455 IP HP TDS payable U/S 206AB - 5% (INV) 5% Invoice

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