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TDS Chart contains summary of TDS Sections of different Section
How to Read TDS Chart
Example
|
Section no |
Description |
Cutoff |
Rate of TDS |
Examples |
|
194J |
Professional Service/Technical/Royalty/Non Compete fees |
30000 p.a |
10% |
Audit fees/Bills of professionals like CA/CWA/CS, or technical service providers or consultancies covered.Employees on contract which are white collared covered here |
It means that on professional and technical charges bill,TDS@10% to be deducted if the annual amount is more than 30000
Suppose Bill of Professional Charges of Rs 4000 per month from CA from 1 April
Annual amount payable=4000*12=48000
Since, annual amount is more than 30000,TDS to be deducted @ 10% on 4000 currently paid
TDS=4000*10%=400
Suppose in Q1,contract for Professional Services started on 1 January
Annual amount payable till 31 March=4000*3=12000
Since, annual amount is less than 30000, TDS to not to be deducted
TDS=0
Important Sections
|
Section no |
Description |
Cutoff |
Rate of TDS |
Examples |
|
194I |
Rent of |
180000 p.a |
10% |
Office rent/godown rent/guesthouse rent |
|
Land and Building or Furniture |
||||
|
Others like Plant and Machinery |
2% |
Generator rent, machinery hire charges |
||
|
194J |
Professional Service/Technical/Royalty/Non Compete fees |
30000 p.a |
10% |
Audit fees/Bills of professionals like CA/CWA/CS, or technical service providers or consultancies covered. Employees on contract which are white collared covered here |
|
194H |
Commission/Brokerage |
5000 p.a 15000 p.a |
10% 5% |
Commission to broker/sales agent etc |
|
194J(1)(b)(a) |
Payment to directors other than salary |
0 |
10% |
Sitting fees to director/any payment other than salary |
|
194A |
Interest paid by Banks on FD/RD |
10000 p.a |
10% |
Savings bank interest not covered, only interest on fixed deposits and recurring deposits covered |
|
194 A |
Interest paid by Others on Loan etc |
5000 p.a |
10% |
Interest on loan taken from banks or financial institutions not covered, only interest on loan from friends/relatives/related companies covered |
|
194 IA |
Purchase of Immovable property |
5000000 |
1% |
On purchase of property more than 50 lacs, buyer has to deduct 1% and pay balance to party |
|
194C |
Payment to Contractors |
30000 p.a or 75000 100000 annual |
1% for Individual and HUF (2% For Others) |
All other services like payment to Security guard/courier/maintenance agency/cab service/advertisement/employees on contract which do blue collared or manual work like peon/driver etc |
|
192A |
Withdrawal of Pf before 5 Years |
30000 50000 p.a |
10% |
If we withdraw our PF for before 5 years, then Pf department deduct 10% TDS. |
|
194G |
Commission on Sale of lottery tickets |
1000 15000 p.a |
10% 5% |
|
|
194LA |
Payment of compensation or enhanced compensation on compulsory acquisition of immovable property |
200000 250000 p.a |
||
|
194EE |
Payments in respect of deposits under national Savings Scheme |
10% 5% |
