7/28/2019 New Tds Rules

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CA Aditya Maheshwari R. R. Falod & Co.B. Com., A. C. A. Chartered Accountants

Section Particulars Liability Exempt Upto RatePAN not

providedDue date for Deposit

Certificate for TDS

and Time

Date of Deposite of

Return

Quarterly

Return Form

192 Salary At the time of Payment Basic Exmption Limit Slab Rate7th of the next month in which deduction

is made.

Form No.16 on or

before 31st May

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 24Q

193 Interest on SecuritiesPayment or Credit

whichever is earlier

In case of debenture Rs.

2,50010%

7th of the next month in which deduction

is made and in case of deduction in the

month March, 30th April.

Form No.16A, 31st

July, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 26Q

194A Interest Other ThanInterest on Securities

Payment or Creditwhichever is earlier

Rs. 5,000,

if payer is a bank orcooperative Society than -

Rs.10000

10% 7th of the next month in which deductionis made and in case of deduction in the

month March, 30th April.

Form No.16A, 31stJuly, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15thJan, 15th May

Form No. 26Q

194BWinnings From

Lotteries

Payment or Credit

whichever is earlierRs. 10,000. 30%

7th of the next month in which deduction

is made and in case of deduction in the

month March, 30th April.

Form No.16A, 31st

July, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 26Q

194BBWinnings From

Horse Races

Payment or Credit

whichever is earlierRs. 5,000. 30%

7th of the next month in which deduction

is made and in case of deduction in the

month March, 30th April.

Form No.16A, 31st

July, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 26Q

194CPayment to

Contractor

Payment or Credit

whichever is earlier

Single payment / credit

exceeds Rs. 30,000 or

Total credit/payment

exceeds Rs. 75,000

during the FY.

No TDS on Freight

Payment. Individual

or HUF - 1% Others

- 2%

7th of the next month in which deduction

is made and in case of deduction in the

month March, 30th April.

Form No.16A, 31st

July, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 26Q

194DInsurance

Commission

Payment or Credit

whichever is earlierRs. 20,000 10%

7th of the next month in which deduction

is made and in case of deduction in the

month March, 30th April.

Form No.16A, 31st

July, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 26Q

194GCommission on Sales

of Lottery Tickets

Payment or Credit

whichever is earlierRs. 1,000 10%

7th of the next month in which deductionis made and in case of deduction in the

month March, 30th April.

Form No.16A, 31stJuly, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 26Q

194H

Commission /

Brokerage other than

Insurance

Payment or Credit

whichever is earlierRs. 5,000 10%

7th of the next month in which deduction

is made and in case of deduction in the

month March, 30th April.

Form No.16A, 31st

July, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 26Q

194I RentPayment or Credit

whichever is earlierRs. 180,000

Plant & Machinery -

2%

Otherwise - 10%

7th of the next month in which deduction

is made and in case of deduction in the

month March, 30th April.

Form No.16A, 31st

July, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 26Q

194JProfessional Fees or

Technical Services

Payment or Credit

whichever is earlierRs. 30,000 10%

7th of the next month in which deduction

is made and in case of deduction in the

month March, 30th April.

Form No.16A, 31st

July, 31st Oct., 31st

Jan., 31st May.

15th July, 15th Oct, 15th

Jan, 15th MayForm No. 26Q

108, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri (W), Mumbai 400 053.TAX DEDUCTED AT SOURCE

IfPANisnotpr

ovided,rateofTD

Sshallbe20%

Rules Applicable from 1st July, 2010

Prepared by R. R. Falod and Co.