TDS RATES

AY 2014-15 AND 2015-16

SEC

DESCRIPTION

TAX RATE

SURCHARGE

EDU.CESS

HIGHER EDU. CESS

LIMIT FOR TAX DEDUCTION
193 Interest On Securities

10%

0%

0%

0%

Rs. 2500(Rs. 5000/-From 1st July, 2012
194 Dividends

10%

0%

0%

0%

Rs. 2500(No Tax to be Deducted if DDT Has been Paid U/s 115-O
194A Interest other than Interest on Securities

10%

0%

0%

0%

Bankng Company/ Cooperative society/ Post Office-Rs. 10000 Others- Rs. 5000
194B Winning from Lottery or Crossword Puzzle

30%

0%

0%

0%

Rs. 10000
194BB WInning from Race Horse

30%

0%

0%

0%

Rs. 5000
194C Payment to Contractor and Sub-Contractors

1% ( in case of Individual and Huf/ In other Case 2%)

0%

0%

0%

Rs. 30000 in a single payment or Rs. 75000 in aggregate
194D Insurance Commission

10%

0%

0%

0%

Rs. 20000
194EE Deposits under NSS

20%

0%

0%

0%

Rs. 2500
194F Repurchase of Units by Mutual Fund or UTI

20%

0%

0%

0%

 
194G Commission on sale of Lottery Tickets

10%

0%

0%

0%

Rs. 1000
194H Commission or Brokerage

10%

0%

0%

0%

Rs. 5000
194I Rent

a) 2% in case of Rent of P&M b) In other case it is 10%

0%

0%

0%

Rs. 180000
194IA Payment to a Resident Transferor for transfer of any immovable property( Applicable from june1, 2013)

1%

0%

0%

0%

Rs. 5000000
194J Fees For Professional or Technical Services

10%

0%

0%

0%

Rs. 30000
194LA Compensation on acqusition of immovable property

10%

0%

0%

0%

Rs. 100000 (Increased to Rs. 200000/- W.e.f. 01/07/2012)
6CA Alcholic Liquor For Human Consumption

1%

2%

2%

1%

No Exemption Limit
6CI Tendu Leaves

5%

2%

2%

1%

No Exemption Limit
6CB Timber obtained under a Forest Leade

2.50%

2%

2%

1%

No Exemption Limit
6CC Timber obtained (other thanForest )

2.50%

2%

2%

1%

No Exemption Limit
6CD Forest Produce (other than Tendu Leaves)

2.50%

2%

2%

1%

No Exemption Limit
6CE Scrap

1%

2%

2%

1%

No Exemption Limit
6CF Parking Lot

2%

2%

2%

1%

No Exemption Limit
6CG Toll Plaza

2%

2%

2%

1%

No Exemption Limit
6CH Mining and Quarrying

2%

2%

2%

1%

No Exemption Limit
6CJ Minerals, being coal or lignite or iron ore

1%

2%

2%

1%

No Exemption Limit ( Effective on or after 1st July,2012)
6CK Bullion or jewellery

1%

2%

2%

1%

Exemption Limit 100000/- (effective on or after 1st July, 2012
* Note: For Non Salary and TCS * For the purpose of Tax Deduction/Collection Surcharge, Education Cess and secondary and Higher Cess is not required to deduct/collect if payment collected to Resident and for other than salary. In case payment made to Non- Domestic company than Surcharge (@2% if payment exceed from 1.00 Crore but not Exceed 10 crore, in case Payment Exceed from 10 crore than rate of Surcharge will be @5%) Required to be Deducted. * In case payment made to Non-resident, surcharge(@10% when payment exceed Rs. 1 Crore), Edu cess & SCHEC

As per section 206AA, if the payee does not furnish his or her Permanent Account Number to the deductor, then the deductor shall deduct tax at the higher of the following rates:

•The rate specified in the relevant provisions of the Act
•The rate or rates in force, that is, the rate prescribed in the Finance Act
•The rate of 20%



Audit

  •  Statutory Audit of Companies
  •  Concurrent Audits.
  •  Revenue Audit of Banks.

Corporate Finance

  •  Preparations of Project Reports .
  •  Preparation of CMA data for bank loans.
  •  External Credit Borrowings (ECBs).

Corporate Services

  •  Incorporation of company
  •  Consultancy on Company Law matters.
  •  Maintenance of Statutory records