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Online TDS & TCS rates of Income Tax Act for F.Y. 14-15, A.Y. 2015-16
The below shown table shows you the TDS rates applicable for Financial year 2012-13(Assessment year 2013-14)-
Sl.
| Section Of
| Nature of Payment
| Cut Off Amount
| Rate %
| ||
|---|---|---|---|---|---|---|
No.
| Act
| in brief
| ||||
HUF/IND.
| Others
| HUF/IND.
| Others
| |||
1
| 192
| Salaries
| Salary income must be
| Average Rate
| Average Rate
| |
more then exemption limit
| ||||||
after deductions.
| ||||||
2
| 193
| Interest on
| 2500
| 5000
| 10
| 10
|
debentures
| ||||||
3
| 194
| Deemed dividend
| -
| -
| 10
| 10
|
4
| 194A
| Interest other than Int
| 10000
| 10000
| 10
| 10
|
on securities (by
| ||||||
Bank)
| ||||||
4A
| 194A
| Interest other than Int.
| 5000
| 5000
| 10
| 10
|
on securities (By
| ||||||
others)
| ||||||
5
| 194B
| Lottery / Cross Word
| 10000
| 10000
| 30
| 30
|
Puzzle
| ||||||
6
| 194BB
| Winnings from Horse
| 5000
| 5000
| 30
| 30
|
Race
| ||||||
7
| 194C(1)
| Contracts
| 30000
| 30000
| 1
| 2
|
8
| 194C(2)
| Sub-contracts/
| 30000
| 30000
| 1
| 2
|
Advertisements
| ||||||
9
| 194D
| Insurance
| 20000
| 20000
| 10
| 10
|
Commission
| ||||||
10
| 194EE
| Paymentsout of
| 2500
| 2500
| 20
| -
|
deposits under NSS
| ||||||
11
| 194F
| Repurchase of units
| 1000
| 1000
| 20
| 20
|
by MF/UTI
| ||||||
12
| 194G
| Commission on sale
| 1000
| 1000
| 10
| 10
|
of lottery tickets
| ||||||
13
| 194H
| Commission or
| 5000
| 5000
| 10
| 10
|
Brokerage
| ||||||
14
| 194I
| Rent (Land &
| 180000
| 180000
| 10
| 10
|
building)
| ||||||
Rent (P & M ,
| 180000
| 180000
| 2
| 2
| ||
Equipment, furniture
| ||||||
& fittings)
| ||||||
15
| 194J
| Professional/Technical
| 30000
| 30000
| 10
| 10
|
charges/Royalty &
| ||||||
Non-compete fees
| ||||||
16
| 194J(1)(ba)
| Any remuneration or
| NA
| NIL
| 10
| 10
|
commission paid to
| ||||||
director of the
| ||||||
company(Effective
| ||||||
from 1 July 2012)
| ||||||
17
| 194LA
| Compensation on
| 100000
| 200000
| 10
| 10
|
acquisition of
| ||||||
immovable property
| ||||||
18
| 194LLA
| Payment on transfer
| NA
| (a) INR 50
| 1
| 1
|
of certain immovable
| lakhs in case
| |||||
property other than
| such property
| |||||
agricultural land
| is situated in a
| |||||
(applicable only if
| specified
| |||||
amount exceeds : (a)
| urban
| |||||
INR 50 lakhs in case
| agglomeration;
| |||||
such property is
| or(b) INR 20
| |||||
situated in a specified
| lakhs in case
| |||||
urban agglomeration;
| such property
| |||||
or(b) INR 20 lakhs in
| is situated in
| |||||
case such property is
| any other area)
| |||||
situated in any other
| (Effective
| |||||
area) (Effective from
| from 1
| |||||
1 October 2012)
| October
| |||||
2012)
|
The below shown table shows you the TCS rates applicable for Financial year 2012-13(Assessment year 2013-14)-
Sl.No.
| Nature of Goods
| Rates in %
| |
|---|---|---|---|
01.04.2012
| 01.07.2012
| ||
1
| Alcoholic liquor for human Consumption
| 1
| 1
|
2
| Tendu leaves
| 5
| 5
|
3
| Timber obtained under forest lease
| 2.5
| 2.5
|
4
| Timber obtained by any mode other than a
| 2.5
| 2.5
|
forest lease
| |||
5
| Any other forest produce not being timber or
| 2.5
| 2.5
|
tendu leaves
| |||
6
| Scrap
| 1
| 1
|
7
| Parking lot
| 2
| 2
|
8
| Toll plaza
| 2
| 2
|
9
| Mining & Quarrying
| 2
| 2
|
10
| Minerals, being coal or lignite or iron ore
| NA
| 1
|
11
| Bullion or jewellery (if the sale consideration
| NA
| 1
|
is paid in cash exceeding INR 2 lakhs)
|
How to Check Your TDS & TCS?
Checking your TDS & TCS is a very easy task to do. Just Follow these Simple Steps-
1- Firstly, you need to know your Income Tax username & password which you or your CA uses to file your return. Your Username would always be your PAN & password could be anything.
2- Then go on the Income Tax E filing Website
3- Login with your username or password. Then on left side you will get an option saying "View Form 26AS". This is the form which contains all details about your TDS & TCS. Click on that link.
4- This Link will take you directly to TRACES website which manages this. There you need to select The A.Y. or which you need to check your TDS or TCS. If you want to save it & want printout then select the PF option with the relevant A.Y & click on view.
5- Form 26AS will be downloaded. You will need password to open 26AS form. Password for this for is always Date of Birth in cases of Individual & Date of Incorporation in other cases. Eg- If your Date of Birth is 11/06/1990, then your password will be 11061990. This will open the form.
6- In form You can see the amount of TDS & TCS deucted by others on your PAN. Party name & also relevant section. You can also see details of Advance Tax of Form 26AS.
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