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Details about Rate of TDS to be deducted in F.Y. 2016-2017, also updated dates for TDS Return (Extension by CBDT) #pdf
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V.K.'s TAX VISION BARMER - 344001 Mail @ :- vkbothra@yahoo.com Your Co-operation will help us serve you better!! TDS Rates Chart for F.Y. 2016-17 (w.e.f. 01.06.2016) * Changed values are highlighted in RED Nature of Payment Made To Residents Cutoff (Rs.) Company / Firm / Co- operative Society / Local Authority Individual / HUF If No / Invalid PAN Section – Description Rate (%) 192 – Salaries – NA Normal Slab Rate 30 192A-Premature withdrawal from EPF (wef 01.06.2015) 50000 NA 10 20 193 – Interest on securities – 10 10 20 194 – Dividends 2500 10 10 20 194A – Interest other than interest on securities – Others 5000 10 10 20 194A – Banks(Time deposits) 10000 10 10 20 194A – Banks (Recurring deposit) (01.06.15) 10000 10 10 20 194A – Deposit in Co-op Banks (01.06.15) 10000 10 10 20 194B – Winning from Lotteries 10000 30 30 30 194BB – Winnings from Horse Race 10000 30 30 30 194C- Payment to Contractor – Single Transaction 30000 2 1 20 194C- Payment to Contractor – Aggregate(total) During F.Y. 100000 2 1 20 194C- Contract–Transporter - valid PAN (upto 31.05.2015) – – – 20 194C- Contract – Transporter not covered under 44AE (wef 01.06.2015) 30000 / 75000 2 1 20 194C- Contract – Transporter covered under 44AE & submit declaration on prescribed form with PAN (wef 01.06.2015) – – – 20 194D – Insurance Commission 15000 5 5 20 194DA Payment in respect of life insurance policy (applicable from 01.1.2014) 100000 1 1 20 194E – Payment to Non-Resident Sportsmen or Sports Association – 10 10 20 194EE – Payments out of deposits under NSS 2500 20 – 20 194F – Repurchase Units by MFs – 20 20 20 194G – Commission – Lottery 15000 5 5 20 194H – Commission / Brokerage 15000 5 5 20 V.K.'s TAX VISION BARMER - 344001 Mail @ :- vkbothra@yahoo.com Your Co-operation will help us serve you better!! Page – 2nd 194I – Rent – Land and Building – furniture – fittings 180000 10 10 20 194I – Rent – Plant / Machinery / equipment 180000 2 2 20 194IA -Transfer of certain immovable property other than agriculture land (w.e.f 1-6-2013) 5000000 1 1 20 194J – Professional Fees 30000 10 10 20 194LA – Immovable Property 250000 10 20 194LB – Income by way of interest from infrastructure debt fund (non-resident) – 5 5 20 194LB – Income by way of interest from infrastructure debt fund (non-resident) – 5 5 20 194 LC – Income by way of interest by an Indian specified company to a non-resident / foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India (applicable from July 1, 2012) – 5 5 20 194LD – Interest on certain bonds and govt. Securities(from 01-06-2013) – 5 5 20 196B – Income from units – 10 10 20 196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend) – 10 10 20 196D – Income of FIIs from securities – 20 20 20 Latest notification (No. 30/2016 dated 29th April'16) by Income Tax Department, Due dates to file TDS Return from 1st June'2016 would be as follows: S. No. Date of ending of quarter of financial year Due date (1) (2) (3) 1. 30th June 31st July of the financial year 2. 30th September 31st October of the financial year 3. 31st December 31st January of the financial year 4. 31st March 31st May of the financial year immediately following the financial year in which the deduction is made. Kindly note the notification is applicable from 1st June 2016 and thus the due date for Quarter 4 of F.Y. 2015-16 i.e. Jan'16-March'16 remains 15th May'2016. Compiled with the help of Google and Notification still INCONVENIENCE CAUSED IS REGRETTED




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