TDS Rates Chart for FY 2017-18 | AY 2018-19

TDS Rates Chart for FY 2017-18 | AY 2018-19, TDS Rate Chart for FY 2017-18, TDS Rate Chart for AY 2018-19 : TDS Rates Chart for FY 2017-18 | AY 2018-19: TDS Rates Chart for Financial Year 2017-18 | Assessment Year 2018-19 vide Finance Act 2017 i.e Budget 2017-18. Due Dates for E-Filing of TDS/TCS Return FY 2017-18 | AY 2018-19. Below is updated TDS rate chart considering the amendments made by Finance Act, 2017.

Tax Deducted at Source (TDS) Rate Chart| Slab for Financial Year (FY) 2017-18 | Assessment Year (AY) 2018-19

TDS Rate Chart Assessment Year : 2018-19  Financial Year : 2017-18
Nature of payment	Section	Rate for TDS**		Criteria for deduction (Payment in excess of )
Salary	192	As per the slab rates applicable to Assessee (30% if no valid PAN)
Payment of accumulated balance due to an employee under Employees Provident Fund Scheme,1952. (w.e.f 01-06-15)	192A	10% (30% if no valid PAN)		when the amount of payment or accumulated  amount of payment exceeds Rs. 30,000 and Rs. 50,000/- (from 01.06.2016)
Interest on securities a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act; b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; c) any security of the Central or State Government; d) interest on any other security	193	10% (20% if no valid PAN)		In case of security,at the time of payment  or credit , whichever is earlier, when the amount exceeds Rs. 10,000/- In case of debentures ,at the time of payment  or credit , whichever is earlier, when the amount exceeds Rs. 5,000/-
Dividend other than the dividend as referred to in Section 115O	194	10% (20% if no valid PAN)		Before making payment to shareholder, other than dividend declared U/s. 115O, when amount exceeds Rs. 2,500
Interest other than Interest on Securities	194A	10% (20% if no valid PAN)		In case of banks (including co-operative banks),at the time of payment  or credit , whichever is earlier, when the amount exceeds Rs. 10,000/-p.a. In case of others, at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 5,000/-p.a.
Winning from Lotteries ,Crossword Puzzles, card games & other games  of any sort	194B	30% (30% if no valid PAN)		Income of Rs. 10,000/- p.a.
Winnings from horse races	194BB	30% (30% if no valid PAN)		Income of Rs. 10,000/- p.a.
Payment to Contractors & sub contractors	194C	For individuals /HUF 1% (20% if no Valid PAN) For Others- 2% (20% if no Valid PAN)		At the time of credit or payment, whichever is earlier, when the amount of a particular contract exceeds Rs. 30,000/- or the total amount of contract  exceeds Rs. 75,000/-p.a (Rs. 1,00,000 wef from 01.06.2016).
Insurance Commission	194D	5% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier when the amount exceeds Rs. 15,000/-
Payment under life insurance policy (including bonus)	194DA	1% (20% if no valid PAN)		At the time of payment when the amount or the total amount exceeds Rs. 1 ,00,000/- p.a.
Payment to Non-Resident Sportsmen or Sports Association	194E	20% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier
Payment in respect of deposit under National Savings scheme (NSS)	194EE	10% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier when the amount exceeds Rs. 2,500/-
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India	194F	20% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier
Commission on sale of lottery tickets	194G	5% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier when the amount exceeds Rs. 15,000/-
Payment of commission brokerage	194H	5%  Wef (01.06.2016) (20% if no valid PAN) Earlier 10%		At the time of credit or payment whichever is earlier when the amount exceeds Rs. 5,000/- [Rs. 15,000/-p.a. wef 01.06.2016)]
Rent - Plant & Machinery or Equipments	194I	2% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a.
Rent - Land & Building	194I	10% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a.
Payment on transfer of certain immovable property other than agriculture land.	194IA	1% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier, when the land is situated in specified area when amount exceeds Rs. 50 lacs
Rent payable by an individual or HUF not covered u/s. 194I (W.E.F. from 01.06.2017)	194IB	Threshold limit Rs. 50,000/- per month. TDS to be deducted @ 5%		Tax shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of tenancy if the property is vacated during the year, as the case may be, to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier.
Payment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement	194IC	Threshold limit Rs. Nil TDS to be deducted @ 10%		At the time of credit or payment, whichever is earlier
Any sum paid by way of a) professional fees b) technical fees c) royalty d) remuneration/fees/commission to a director e)For not carrying out any activity in relation to any business f) For not sharing any know-how, patent, copyright etc.	194J	For call center operator (only business) -  2% For others 10 % (20%if no valid PAN) Wef 01.06.2017		At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 30,000/-p.a.
Income in respect of Units	194K	Omitted Wef 01.06.2016
Payment of Compensation on acquisition of Capital Asset	194L	Omitted Wef 01.06.2016
Payment on transfer of certain immovable property other than agricultural land	194LA	10% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020. (20% if no valid PAN)		At the time of credit or payment whichever is earlier if amount exceeds Rs. 2,50,000 p.a.
Payment of interest on infrastructure debt fund to non-resident or foreign company	194LB	5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020).  (20% if no valid PAN)		At the time of credit or payment whichever is earlier
Certain income from units of a business trust(applicable from 01.10.2014 )	194LBA	For non resident 5% For others 10% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] shall deduct tax therefrom (with effect from 01.06.2015)	194LBB	10% from 1-April-2016 to 31-May-2016 40% For Non Residents (1-Jun-2016 to 31-Mar-2017) 30 % For Non Residents (on or after 1-Jun-2016 ) (20% or Rate Applicable whichever is higher if no Valid PAN) -		At the time of credit or payment, whichever is earlier
Income in respect of investment in securitisation trust. (From 01.06.2016)	194LBC	For Indian Residents: Individual & HUFs -  25% Others 30% For Non Indian Residents : Company 40% Others 30%		At the time of credit or payment, whichever is earlier
Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond	194LC	5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020) (20% if no valid PAN)		At the time of credit or payment, whichever is earlier
Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor	194LD	5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020) (20% if no valid PAN)		At the time of credit or payment, whichever is earlier
TDS on Payment made to Non-Residents	195	As per rates prescribed under income tax or DTAA
Foreign company  unit holder of Mutual Fund	196A	For company - 10 % For others  - 20%		At the time of credit or payment, whichever is earlier
Income from units (including long-term capital gain on transfer of such units) to an offshore fund	196B	10% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier
Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)	196C	10% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier
Income of FIIs from securities	196D	20% (20% if no valid PAN)		At the time of credit or payment, whichever is earlier

**Surcharge, education cess and secondary and higher education cess will be added to the above tax rate, as applicable. To Download TDS Rates Chart for FY 2017-18 | AY 2018-19 in PDF Click here- TDS Rates Chart for FY 2017-18 Refer Below link for filing Income Tax return Through Studycafe: https://studycafe.in/2017/06/file-income-tax-return-online.html