Minimum amount up to which TDS is not deducted / TDS Rate Chart / ( TDS Threshold limit) for F.Y 2016-17
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Minimum amount up to which TDS is not deducted / TDS Rate Chart / ( TDS Threshold limit) for F.Y 2016-17

Tax Deducted at Source (TDS) Rate Chart/Slab for Financial Year (FY) 2016-17 / Assessment Year (AY) 2017-18Below is TDS/TCS Rates Chart for Financial Year 2016-17/ Assessment Year 2017-18. Below is Upto date TDS rate chart considering the amendments.

 

S.No.
Particular
Sec
Threshold limist
Rate
1
No deduction of tax
at source from salaries
192
If net taxable
income is less than maximum amount which is not chargeable to tax (Rs.
2,50,000 for an individual, Rs. 3,00,000 for Senior Citizens and Rs. 5,00,000
for Super Senior Citizens)
On the average rates on the basis of per rates for individuals.
(30% if no valid PAN)
1A.
No TDS from payment
of provident fund account of an employee
192A
If amount paid is
less than Rs. 30,000. (Rs. 50,000 w.e.f. 1-6-2016)
10% (30% if no valid PAN)
2
No TDS from interest
paid on debentures
issued by a company in which public are substantially
interested. Provident interest is paid by account payee cheque to
resident individual or HUF
193
If amount paid or
payable during the financial year does not exceed Rs. 5,000
10% (20% if no valid PAN)
3
No TDS from interest
on 8% Saving
(Taxable) Bonds 2003 paid to a resident persons
193
If amount paid or
payable during the financial year does not exceed Rs. 10,000
10% (20% if no valid PAN)
3A.
No TDS from interest
on 6.5% Gold bonds,
1977 or 7% Gold bonds, 1980 paid to resident individual
193
If a declaration is
made that the nominal value of such bonds did not exceed Rs. 10,000 at any
time during the previous year
10% (20% if no valid PAN)
4
No TDS from dividend
paid
by account payee cheque to resident persons
194
If amount paid or
payable during the financial year does not exceed Rs. 2,500
10% (20% if no valid PAN)
5
No TDS from interest
other than on securities
paid by a banking company or co-operative bank on
time deposits
194A
If amount paid or
payable during the financial year does not exceed Rs. 10,000
10% (20% if no valid PAN)
6
No TDS from interest
on deposit with a post office
under Senior Citizens Saving Scheme Rules, 2004
194A
If amount paid or
payable during the financial year does not exceed Rs. 10,000
10% (20% if no valid PAN)
7
No TDS from interest
other than on securities
(in any other case)
194A
If amount paid or
payable during the financial year does not exceed Rs. 5,000
10% (20% if no valid PAN)
8
No TDS from interest
on compensation awarded
by Motor Accident Claims Tribunal
194A
If amount paid or
payable during the financial year does not exceed Rs. 50,000
10% (20% if no valid PAN)
9
No TDS from Lottery
/ Cross Word Puzzles
194B
If amount paid or
payable during the financial year does not exceed Rs. 10,000
30% (30% if no valid PAN)
10
No TDS from winnings
from horse races
194BB
If amount paid or
payable during the financial year does not exceed Rs. 5,000 (Rs. 10,000
w.e.f. 01/06/2016)
30% (30% if no valid PAN)
11
No TDS from sum paid
or payable to contractor
194C
a) If sum paid or
payable to a contractor in a single payment does not exceed Rs. 30,000
b) If sum paid or payable to contractor in aggregate does not exceed Rs.
75,000 during the financial year (Rs. 1,00,000 w.e.f. 01/06/2016)
1% For Individual / HUF for Others 2% (20% if no valid PAN)
12
No TDS from
insurance commission paid or payable during the financial year
194D
If amount paid or
payable during the financial year does not exceed Rs. 20,000 (Rs. 15,000
w.e.f. 01/06/2016)
10% from 01.04.2016 to 31.05.2016
5% wef 01.06.2016)(20% if no Valid PAN)
12A
No TDS from sum
payable under a life insurance a policy (including bonus) to a resident
(w.e.f. 01-10-2014) person
194DA
If amount paid or
payable during the financial year does not exceed Rs. 1 lakh
2%
(1% wef 01.06.2016)(20% if no Valid PAN)
13
No TDS from payments
made out of deposits under NSS
194EE
If amount paid or
payable during the financial year does not exceed Rs. 2,500
20%
(20% if no Valid PAN)
14
No TDS from
commission paid on lottery tickets
194G
If amount paid or
payable during the financial year does not exceed Rs. 1,000 (Rs. 15,000 w.e.f.
01/06/2016)
10%  from 01.04.2016 to
31.05.2016
5% wef 01.06.2016)(20% if no Valid PAN)
15
No TDS from payment
of commission or brokerage
194H
If amount paid or
payable during the financial year does not exceed Rs. 5,000 (Rs. 15,000
w.e.f. 01/06/2016). Further no tax to be deducted from commission payable by
BSNL/ MTNL to their PCO Franchisees.
10%  from 01.04.2016 to
31.05.2016
5% wef 01.06.2016)(20% if no Valid PAN)
16
No TDS from payment
of rent in respect of land &building, furniture or fittings or plant and
machinery
194-I
If amount paid or
payable during the financial year does not exceed Rs. 1,80,000
10% – If rent is for land,
building or furniture(20% if no Valid PAN)2% – If the rent is for
Machinery, Plant or
Equipment(20% if no Valid PAN)
17
No TDS from payment
of consideration for purchase of an immovable property (other than
agriculture land)
194-IA
If amount paid or
payable during the financial year does not exceed Rs. 50 Lakhs
1%
(20% if no Valid PAN)
18
No TDS from payment
of professional fees, technical fees, royalty and directors’ remuneration
194J
If amount paid or
payable during the financial year does not exceed Rs. 30,000
10%
(20% if no Valid PAN)
19
No TDS from payment
of compensation on compulsory acquisition of immovable property (other than
Agricultural Land)
194LA
If amount paid or
payable during the financial year does not exceed Rs. 2,00,000 (Rs. 2,50,000
w.e.f. 01/06/2016)
10%
(20% if no Valid PAN)
20
Furnishing of
quarterly return in respect of payment of interest (other than interest on
securities)
to residents without deduction of tax
206A
If amount paid or
payable during the financial year does not exceed:
a) Rs.10,000 where payer is banking company or co-operative society;
b) Rs.5,000 in other case

Tax Deducted at Source (TDS) Rate Chart/Slab for Financial Year (FY) 2016-17 / Assessment Year (AY) 2017-18 TDS, Income Tax, tds minimum amount, tds threshold limit, FAQs on Tax Deducted at Source

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