Rate Chart of Tax Deducted at Source F.Y. 2015-16 & A.Y. 2016-2017

Rate Chart of Tax Deducted at Source F.Y. 2015-16 & A.Y. 2016-2017

Section	Particulars	TDS Rate				Criteria for Deduction /Threshold Limit
		Individual/HUF	Company / Firm/ Others	No PAN
192	Salary	As per Slab rates
192B	Withdrawal from EPF(Employees Provident Fund Organization)-Premature	10%	NA		20%	Rs. 50000/-
193	Interest on Securities i) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act; ii) any debentures issued by a company where such debentures are listed on a recognized stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; iii) any security of the Central or State Government; iv) interest on any other security	10%	10%	20%		N.A
194A	Interest on SB/TD/RD Accounts	10%	10%	20%		Payment in excess of Rs. 10000/-
194A	Interest other than interest on securities	10%	10%	20%		Payment in excess of Rs. 5000/-
194B	Winning from Lotteries	30%	30%	30%		Payment in excess of Rs. 10000/-
194BB	Winning from Horse Race, Cross word puzzle	30%	30%	30%		Payment in excess Rs. 10000/-
194C	Contractor (No TDS for Transport Contractors if quoting PAN and engaged in the business for plying, hiring or leasing of goods carriages)	1%	2%	20%		Payment in excess of Rs. 30000/- in a single bill and  Rs. 100000/- P.A.
194D	Insurance Commission	10%	10%	20%		Payment in excess Rs. 20000/-
194DA	Payment inrespect of LIC Policy	1%	1%	20%		Payment in excess Rs. 100000/-
194H	Commission or Brokerage	5%	5%	20%		Payment in excess Rs. 5000/-
194I	Rent of Land & Building, Furniture & Fittings	10%	10%	20%		Payment in excess Rs. 180000/-
194I	Rent of Plant & Machinery and Other Equipments	1%	2%	20%		Payment in excess Rs. 180000/-
194IA	Transfer of Certain Immovable property other than Agriculture Land	1%	1%	20%		Payment in excess Rs. 5000000/-
194J	Professional Services and Technical Services & Royalty	10%	10%	20%		Payment in excess Rs. 30000/-

Income Tax Slab F.Y. 2016-17 & A.Y. 2017-2018 (Salary)

Income Tax Slab F.Y. 2016-17 & A.Y. 2017-2018 (Salary). Individual, HUF, BOI, AOP, AJP below the age of 60 years, being a resident of India.

Sl. No.	Net Income Level	Rate of Income Tax
i.	Income Less than Rs. 2.5 Lakh	NIL
ii.	Income greater than Rs. 2.5 Lakh but Less than Rs. 5 Lakh	10% of balance amount which exceeds Rs. 2.5 Lakh
iii.	Income greater than Rs. 5 Lakh but Less than Rs. 10 Lakh	Rs. 25000/- Plus 20% of balance amount which exceeds Rs. 5 Lakh
iv.	Income greater than Rs. 10 Lakh	Rs. 125000/- Plus 30% of balance amount which exceeds Rs. 10 Lakh

Note: E. Cess@2% and S&HE Cess@1% applicable for all cases

Income Tax Slab F.Y. 2016-17 & A.Y. 2017-2018 (Salary). Individual age of 60 years or above but less than 80 years, being a resident of India.

Sl. No.	Net Income Level	Rate of Income Tax
i.	Income Less than Rs. 3 Lakh	NIL
ii.	Income greater than Rs. 3 Lakh but Less than Rs. 5 Lakh	10% of balance amount which exceeds Rs. 3 Lakh
iii.	Income greater than Rs. 5 Lakh but Less than Rs. 10 Lakh	Rs. 20000/- Plus 20% of balance amount which exceeds Rs. 5 Lakh
iv.	Income greater than Rs. 10 Lakh	Rs. 120000/- Plus 30% of balance amount which exceeds Rs. 10 Lakh

Note: E. Cess@2% and S&HE Cess@1% applicable for all cases

Income Tax Slab F.Y. 2016-17 & A.Y. 2017-2018 (Salary). Individual age of 80 years or above, being a resident of India.

Sl. No.	Net Income Level	Rate of Income Tax
i.	Income Less than Rs. 5 Lakh	NIL
ii.	Income greater than Rs. 5 Lakh but Less than Rs. 10 Lakh	20% of balance amount which exceeds Rs. 5 Lakh
iii.	Income greater than Rs. 10 Lakh	Rs. 100000/- Plus 30% of balance amount which exceeds Rs. 10 Lakh

Note: E. Cess@2% and S&HE Cess@1% applicable for all cases