| Section | Nature of Payment | Threshold Limit of Payment | FY (2013-14) | |
| 192 |
Income from Salary |
Senior Citizen (60 Years) |
Rs. 2,50,000 | Average rate of Tax + edu. Cess Surcharge if Salary > 1 cr |
|
Super Senior Citizen (80 Years) |
Rs. 5,00,000 | |||
| Others | Rs. 2,00,000 | |||
| 193 | Interest on Securities | Rs. 5000 | 10% | |
| 194A |
Interest from a Banking Company |
Rs. 10,000 per annum |
10% | |
| 194A |
Interest other than from a Banking Co. |
Rs. 5,000 per annum |
10% | |
| 194B |
Winning from Lotteries & Cross Word Puzzles |
Rs. 10,000 per annum | 30% | |
| 194BB |
Winning from Horse Races |
Rs. 5,000 per annum | 30% | |
| 194C |
Payment to Contractors; Sub-contractor; Advertising Contractors |
Rs. 30,000 per contract (or) |
Individual/HUF 1% Others 2% |
|
|
Rs. 75,000 per annum |
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| 194D |
Insurance Commission |
Rs.20,000 per annum |
10% | |
| 194E |
Non-resident Sportsman or Sports Association |
- | 20% | |
| 194G |
Commission on Sale of Lottery Tickets |
Rs.1000 |
10% | |
| 194H |
Commission/Brokerage |
Rs. 5,000 per annum |
10% | |
| 194-I |
Rent on Plant / Machinery |
Rs. 1,80,000 per annum | 2% | |
| 194-I |
Rent Other then Plant / Machinery |
Rs. 1,80,000 per annum |
10% | |
| 194-IA | Payment on transfer of Non agricultural immovable property (wef 01.06.13) | Rs. 50,00,000 | 1% | |
| 194J |
Fees for Professional / Technical Services |
Rs. 30,000 per annum |
10% | |
| 194J(1)(ba) | Any remuneration or commission paid to director of the company (other than salary) | 10% | ||
| 194LA | Compulsory Acquisition of Immovable Property | Rs. 2,00,000 | 10% | |
| TCS Rates | ||||
| 206C |
Scrap |
- |
1% | |
| 206C |
Tendu Leaves |
- |
5% | |
| 206C |
Timber obtained under a forest lease or other mode |
- |
2.50% | |
| 206C |
Any other forest produce not being a Timber or tendu leave |
- |
2.50% | |
| 206C |
Alcoholic Liquor for Human Consumption |
- |
1% | |
| 206C |
Packing lot, toll plaza, mining & quarrying |
- |
2% | |
| 206C | Purchase of Bullion/ Jewellery in cash |
Rs. 2 Lacs per transaction (Bullion) Rs. 5 Lacs per transaction (Jewellery) |
1% | |
| 206C | Purchase of coal lignite, Iron ore by a trader | - | 1% | |
1. Surcharges & Education Cess
| Type of Payment | Surcharge |
Rate | EducationCess (3.00%) |
| Salary (Resident & Non-resident) | Upto 1cr | Nil | Yes |
| > 1 Crore | 10% | ||
| Other Payments to Residents | No | Nil | No |
| Other Payments to Non-Residents | |||
| Payment to Non-Residents (other than Cos) | Upto 1cr | Nil | Yes |
| > 1 Crore | 10% | ||
| Payments to Foreign Co. | Upto 1cr | Nil | Yes |
| > 1 Crore | 2% | ||
| > 10 Crores | 5% |
3. Nil Deduction entries of transporters also to be shown in Form 26Q.
4. TDS @ 20% where PAN not furnished.
5. Benefit of Marginal Relief from surcharge shall be available where income exceeds 1 cr.
Fees and Penalties
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