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Income Tax TDS Rates Chart for FY 2013-14, AY 2014-15

Tax Deduction at Source (TDS) rates chart for FY 2013-14 and AY 2014-15 is similar to TDS Rates Chart for FY 2012-13 or AY 2013-14. TDS rates means percentage at which payer has to deduct certain amount as an income tax liability from receivers Income. Income Tax Act has fixed the TDS Rates .i.e. percentage at which payer has to deduct the TDS and also there are certain payment limits .i.e minimum amount after which person is liable to do the TDS on the payment like TDS will deductible when total interest payment amount is higher than Rs 5000/- or TDS rate of 1% is applicable on Gold Bullion and Jewellery but after the payment in cash crosses Rs 2 Lakhs. Finance Act, 2013 has introduced TDS on Purchase of Immovable Property of more than Rs 50 lakhs.

Nature of payment made to ResidentLimit upto 30.06.2012Limit w.e.f. 01.07.2012TDS Rate
192TDS on Salary Income180000200000 For AY 2013-14As Tax Slab
194AInterest other than interest on securities5000*5000*10%
194BTDS on Winning from Gambling, Lotteries, Prize Award Money100001000030%
194CPayment to contractor / sub-contractor (Note 1 & 2)   
 Payment / Credit to an Individual / HUF2000030000**1%
 Payment / Credit to any person other than an Individual /HUF2000030000**2%
194DInsurance Commission200002000010%
194HCommission or Brokerage2500500010%
194IRent:
Plant & machinery
Land / Building / Furniture & Fittings
120000
120000
180000
180000
2%
10%
194IATDS on Sale Purchase of Immovable Property-Rs 50 Lakhs1%
194LATDS on Compensation Acquisition of Immovable Property-Rs 2 Lakhs10%
194JFees for professional or Technical services (2a & 2b)200003000010%
194EPayment to NRI Sports Person--20%
195Payment to Non Resident10-30%
  1. For Bank/ Post Office threshold limit is Rs. 10000/-
  2. Rs. 30000/- in a single payment or Rs. 75000/- in the aggregate during financial year If recipient does not furnish his PAN deductor, tax will be deducted @ 20% (w.e.f. 01/04/2010)
  3. If recipient is a transporter contractor (any person) and he or it furnishes his PAN to the deductor, tax is not deductible  (w.e.f. 01/10/2009) (PAN intimated to IT.Dept)
  4. Tax is deductible on the entire consideration   including service tax (if any)
  5. Remuneration paid to a director, which is not in the nature of salary, deduct TDS @10% of such remuneration w.e.f. 01/07/2012

TCS Rate Chart for FY 2013-14

TDS on bullion and jewellery it sale consideration receive in cash w.e.f. 01.07.2012Limit (Rs.)TDS Rate (Rs.)
206C(1D)Bullion (excluding any coin or any other article weighting ten grams or less2000001%
206C(1D)Jewellery5000001% 

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