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 Resident Limit upto 30.06.2012 Limit w.e.f. 01.07.2012 TDS Rate
192 TDS on Salary Income 180000 200000 For AY 2013-14 As Tax Slab
194A Interest other than interest on securities 5000* 5000* 10%
194B TDS on Winning from Gambling, Lotteries, Prize Award Money 10000 10000 30%
194C Payment to contractor / sub-contractor (Note 1 & 2)      
  Payment / Credit to an Individual / HUF 20000 30000** 1%
  Payment / Credit to any person other than an Individual /HUF 20000 30000** 2%
194D Insurance Commission 20000 20000 10%
194H Commission or Brokerage 2500 5000 10%
194I Rent:
Plant & machinery
Land / Building / Furniture & Fittings
120000
120000
180000
180000
2%
10%
194IA TDS on Sale Purchase of Immovable Property Rs 50 Lakhs 1%
194LA TDS on Compensation Acquisition of Immovable Property Rs 2 Lakhs 10%
194J Fees for professional or Technical services (2a & 2b) 20000 30000 10%
194E Payment to NRI Sports Person 20%
195 Payment to Non Resident 10-30%
  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. 01.07.2012 Limit (Rs.) TDS Rate (Rs.)
206C(1D) Bullion (excluding any coin or any other article weighting ten grams or less 200000 1%
206C(1D) Jewellery 500000 1% 

8 thoughts to “Income Tax TDS Rates Chart for FY 2013-14, AY 2014-15”

  1. TDS worksheet for the year 2013-14

    To know about tax exemptions under section 80’s and other sections.
    Is it only upto 1 lac is savings can be done. Please advice
    K. Dhiraviyam

  2. Can u plz inform me about the tds rate if one has to made commission payment to sum foreign company/firm/individual?

  3. How to do correction in the challan 281 paid online….how to change assessment year from 2013-14 to 2014-15

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