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Online TDS & TCS rates of Income Tax Act for F.Y. 14-15, A.Y. 2015-16

Updated on March 18, 2015
Source

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)
 
 
Source

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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