Find the table below for the TDS (Tax Deduction at source) rates and threshold limits for financial year 2015-16 or assessment year 2016-17. In this table there is complete list of the payment on which TDS is deducted, threshold limit, assessee type (tax payer) and rate of TDS.

Also note; Threshold limit mentioned in the table below is the limit upto which no TDS will be deducted.

Section of ActThreshold (Rs.)Nature of Payment in briefRate %
Individual/HUFOthersIf No/Invalid PAN
192NASalariesAverage rates as applicable
192A30000Premature withdrawal from EPF ( wef 01.June.2015)10NA34.608
193NAInterest on securities101020
1942500Dividends101020
194A10000Interest other than Int. on securities (by Bank)101020
194A50000Interest other than interest on securities (by Others)101020
194A10000Banks Recurring deposit ( wef 01.June.15)101020
194A10000Deposit in Co-op Banks (wef 01.June.15)101020
194B10000Winning from Lotteries303030
194BB5000Winnings from Horse Race303030
194C30000Payment to Contractor for Single Transaction During the F.Y.1220
194C75000Payment to Contractor Aggregate During the F.Y.1220
194CNAContract - Transporter who has provided valid PAN (up to 31.May.2015)NANA20
194C30000/75000Contract - Transporter not covered under 44AE (wef 01.June.2015)1220
194CNAContract - Transporter covered under 44AE & submit declaration on prescribed form with PAN (wef 01.June.2015)NANA20
194D20000Insurance Commission101020
194DA100000Payment in respect of life insurance policy(applicable from 01.Jan.2014)2220
194ENAPayment to Non-Resident Sportsmen or Sports Association202020
194EE2500Payments out of deposits under NSS20NA20
194FNARepurchase Units by MFs202020
194G10Commission on sale of Lottery tickets101020
194H5000Commission or Brokerage101020
194I180000Rent - Land and Building - furniture - fittings101020
194I180000Rent - Plant / Machinery / equipment2220
194IA5000000On Sale/Transfer of immovable property other than agriculture land (wef from 01.June 2013)1120
194J30000Professional Fees101020
194J(1)(ba)NAAny remuneration or commission paid to director of the company (wef from 01.July.2012)1010-
194LA200000Compensation on acquisition of immovable property101020
194LBNaIncome by way of interest from infrastructure debt fund (non-resident)5520
194LCNAIncome by way of interest by an Indian specified company to a non-resident / foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India (wef 1.July.2012)5520
194LDNAInterest on certain bonds and govt. Securities(wef 01.June.2013)5520
196BNAIncome from units101020
196CNAIncome from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)101020
196DNAIncome of FIIs from securities202020
  1. No Education Cess is not deductible/collectible at source in case of resident Individual/HUF/Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary.
  2. Education Cess at 2% plus secondary & Higher Education Cess at 1% is deductible at source in case of non-residents and foreign company.
  3. Person submitting form 15G/15H to avoid TDS needs to submit PAN else 20% TDS will be applicable.
  4. TDS at higher rate ie., 20% has to be deducted if the deductee does not provide PAN to the deductor.(read detail u/s 206AA)
  5. Surcharge on tax is not deductible/collectible at source in case of resident individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.
  6. Surcharge on TDS on salary is applicable if taxable salary is more than one crore at 12 %
  7. Surcharge on tax is not deductible/collectible at source in case of resident individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.
  8. Surcharge on TDS is applicable on payment made to non-resident other than company, if payment is in excess of one crore at 12 %
  9. No TDS on service Tax as referred in circular 01/2014 dated January 13, 2014 TDS is not applicable on service tax part if service tax is shown separately.
TDS Rates and Threshold Limit for Financial Year 2015-16

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