14 May 2012
Sl. No. Section Of Act Nature of Payment in brief Cut Off Amount Rate % 01.04.2012 01.07.2012 HUF/IND Others 1 192 Salaries Salary income must be more then exemption limit after deductions. Average Rate 2 193 Interest on debentures 2500 5000 10 10 3 194 Deemed dividend - - 10 10 4 194A Interest other than Int. on securities (by Bank) 10000 10000 10 10 4A 194A Interest other than Int. on securities (By others) 5000 5000 10 10 5 194B Lottery / Cross Word Puzzle 10000 10000 30 30 6 194BB Winnings from Horse Race 5000 5000 30 30 7 194C(1) Contracts 30000 30000 1 2 8 194C(2) Sub-contracts/ Advertisements 30000 30000 1 2 9 194D Insurance Commission 20000 20000 10 10 10 194EE Payments out of deposits under NSS 2500 2500 20 - 11 194F Repurchase of units by MF/UTI 1000 1000 20 20 12 194G Commission on sale of lottery tickets 1000 1000 10 10 13 194H Commission or Brokerage 5000 5000 10 10 14 194I Rent (Land & building) 180000 180000 10 10 Rent (P & M , Equipment, furniture & fittings) 180000 180000 2 2 15 194J Professional/Technical charges/Royalty & Non-compete fees 30000 30000 10 10 16 194J(1)(ba) Any remuneration or commission paid to director of the company(Effective from 1 July 2012) NA NIL 10 10 17 194LA Compensation on acquisition of immovable property 100000 200000 10 10 18 194LLA Payment on transfer of certain immovable property other than agricultural land (Finance Minister has withdraw TDS on such transaction on 07/05/2012) (a) INR 50 lakhs in case such property is situated in a specified urban agglomeration; or(b) INR 20 lakhs in case such property is situated in any other area) withdrawn by Finance Minister on 07/05/2012 no tds on such transactions withdrawn by Finance Minister no no tds on transfer of immovable property
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