TDS / TCS Rates 2017-2018

TDS / TCS RATES FOR F.Y.2017-18
Section Nature of Payment Threshold Limit of Payment 01-04-2017 to 31-05-2017 01-06-2017 onwards
192 Income from Salary Senior Citizen (60 Years) Rs. 3,00,000 Average rate of Tax + Education Cess (Surcharge if Salary > 50 Lacs) Average rate of Tax + Education Cess
Super Senior Citizen (80 Years) Rs. 5,00,000 (Surcharge if Salary > 50 Lacs)
Others Rs. 2,50,000
192A Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%) Rs. 50,000 10% 10%
193 * Interest on Securities Rs. 5,000 10% 10%
194A Interest from a Banking Company Rs. 10,000 per annum 10% 10%
194A Interest other than from a Banking Company Rs. 5,000 per annum 10% 10%
194B Winning from Lotteries & Cross Word Puzzles Rs. 10,000 per annum 30% 30%
194C Transporters with valid PAN & to whom 44AE applicable 0% 0%
194C Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters) Rs.30,000 per contract (or) Individual/HUF 1% Others 2% Individual/HUF 1% Others 2%
Rs. 1,00,000 per annum
194D Insurance Commision Rs. 15,000 Resident:5% Resident:5%
Domestic Company:10% Domestic Company:10%
194DA Payment under life insurance policy (including Bonus) Rs.99,999 per annum 1% 1%
194E Non-resident Sportman or Sports Association 20% 20%
194EE Out of deposit under NSS Rs.2,499 Individual or HUF 10% Individual or HUF 10%
Other NA Other NA
194G Commission on Sale of Lottery Tickets Rs. 15,000 5% 5%
194H **Commission/Brokerage Rs. 15,000 per annum 5% 5%
194-I **Rent on Plant / Machinery Rs. 1,80,000 per annum 2% 2%
194-I **Land or building or furniture or fitting Rs. 1,80,000 per annum 10% 10%
194-IA Payment or transfer of Non -agricultural immovable property Rs. 50,00,000 & above 1% 1%
194-IB Rent payable by an individual or HUF not covered u/s. 194I Rs.50,000 per month 5%
194J Fees for Professional / Technical Services Rs. 30,000 per annum 10% 2% (For Call Centre)
10% (For Others)
194LA Compulsory Acquisition of immovable Property Rs. 2,50,000 10% 10%
* Only for Debenture in which the public are substantially interested
** Other than Individual or HUF except those covered u/s 44AB
TCS Rates
206C Scrap 1.00% 1.00%
206C Tendu Leaves 5.00% 5.00%
206C Timber obtained under a forest lease or other mode 2.50% 2.50%
206C Any other forest produce not being a Timber or tendu leave 2.50% 2.50%
206C Alcoholic Liquor for Human Consumption 1.00% 1.00%
206C Packing lot, toll plaza, mining & quarrying 2.00% 2.00%
206C Purchase of coal lignite, Iron ore by a trader 1.00% 1.00%
206C Sale Value of Motor vehicle whether in cheque or in any other mode of receipt Exceeding Rs. 10 Lakhs per transaction 1.00% 1.00%
Notes
1. Surcharges & Education Cess
Type of Payment Surcharge Rate Education Cess (3.00%)
Salary (Resident & Non- resident) Upto 50 Lacs Nil Yes
50 Lacs to  1 Crore 10%
Salary (Resident & Non- resident) > 1 Crore 15% Yes
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%
Interest on delay in deposit of tax after deduction
Stage of deduction Rate per month or part of the month
From date when deductible till actual deduction 1.00%
From date of deduction till payment 1.50%

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