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.
- For Bank/ Post Office threshold limit is Rs. 10000/-
- 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)
- 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)
- Tax is deductible on the entire consideration including service tax (if any)
- 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% |
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
tds rate slab required for fy-2012-13, 13-14,
kamlesh kumar
Can u plz inform me about the tds rate if one has to made commission payment to sum foreign company/firm/individual?
How to do correction in the challan 281 paid online….how to change assessment year from 2013-14 to 2014-15
tds rate for the contractor 1% & 2% which condition??????????????
Very good, trust worthy and remarkable service.
I have Want Chart Of T.D.S .
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