Post Union Budget 2012-13 TDS Rates for financial year (FY) 2012-13 and assessment year (AY) 2013-14
The Rate Chart for the Financial Year 2012-13 i.e. Assessment Year 2013-14 is tabulated below.
TDS RATE CHART FINANCIAL YEAR 2012-13 (ASSESSMENT YEAR 13-14)
| 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 |
Paymentsout 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 (applicable only if amount exceeds : (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) (Effective from 1 October 2012) |
NA |
(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) (Effective from 1 October 2012) |
1 |
1 |
TCS Rates for the FY 2012-13
The Tax Collection at Source Rates for the Financial Year 2013-13 is tabulated below:
| Sl.No. |
Nature of Goods |
Rates in % |
| 01.04.2012 |
01.07.2012 |
| 1. |
Alcoholic liquor for human Consumption |
1 |
1 |
| 2. |
Tendu leaves |
5 |
5 |
| 3. |
Timber obtained under forest lease |
2.5 |
2.5 |
| 4. |
Timber obtained by any mode other than a forest lease |
2.5 |
2.5 |
| 5. |
Any other forest produce not being timber or tendu leaves |
2.5 |
2.5 |
| 6. |
Scrap |
1 |
1 |
| 7. |
Parking lot |
2 |
2 |
| 8. |
Toll plaza |
2 |
2 |
| 9. |
Mining & Quarrying |
2 |
2 |
| 10 |
Minerals, being coal or lignite or iron ore |
NA |
1 |
| 11 |
Bullion or jewellery (if the sale consideration is paid in cash exceeding INR 2 lakhs) |
NA |
1 |
No Education Cess on payment made to resident-Education Cess is not deductible/collectible at source in case of resident Individual/HUF /Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary. Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.
Surcharge on Income-tax – Surcharge on Income-tax is not deductible/collectible at source in case of individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary. |
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