Financial Year 2016-17
| Nature of Payment Made To Residents | Threshold (Rs.) | Company / Firm / Co-operative Society / Local Authority | Individual / HUF | If No / Invalid PAN | Non Residents other than company (if income exceeds Rs.1 Crore) | Non Resident companies if income is between Rs.1 Crore and 10 Crore | Non Resident companies if income is greater than Rs.10 Crore | Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Section - Description | IT Rate (%) | IT Rate (%) | IT Rate (%) | Surcharge Rate (%) | Surcharge Rate (%) | Surcharge Rate (%) | Surcharge Rate (%) | ||||||||||
| 192 - Salaries | - | NA | Average rates as applicable | 30 | - | - | - | - | |||||||||
| 192A - Payment of accumulated balance due to an employee.(applicable from 01.06.2015) | 30000 | - | 10% (1-April-2016 to 31-May-2016) 10% (1-Jun-2016 to 31-Mar-2017) | 30 | - | - | - | - | |||||||||
| 193 - Interest on securities | 10000 | 10 | 10 | 20 | - | - | - | - | |||||||||
| 194 - Dividends | 2500 | 10 | 10 | 20 | - | - | - | - | |||||||||
| 194A - Interest other than interest on securities - Others | - | 10 | 10 | 20 | - | - | - | - | |||||||||
| 194A - Banks | 10000 | 10 | 10 | 20 | - | - | - | - | |||||||||
| 194B - Winning from Lotteries | 10000 | 30 | 30 | 30 | 15 | 2 | 5 | 12 | |||||||||
| 194BB - Winnings from Horse Race | 5000 (1-April-2016 to 31-May-2016) 10000 (1-Jun-2016 to 31-Mar-2017) | 30 | 30 | 30 | 15 | 2 | 5 | 12 | |||||||||
| 194 C - Payment to Contractors | - | - | - | - | - | - | - | - | |||||||||
| Payment to Contractor | 75000 (1-April-2016 to 31-May-2016) 100000 (1-April-2016 to 31-Mar-2017) | 2 | 1 | 20 | - | - | - | - | |||||||||
| - Contract - Transporter who has provided valid PAN | - | - | - | 20 | - | - | - | - | |||||||||
| 194D - Insurance Commission | 20000 (1-April-2016 to 31-May-2016) 15000 (1-June-2016 to 31-Mar-2017) | 10 | 5 | 20 | - | - | - | - | |||||||||
| 194DA Payment in respect of life insurance policy(applicable from 01.10.2014) | 100000 | 2 % (1-April-2016 to 31-May-2016) 1 % (1-June-2016 to 31-Mar-2017) | 2 % (1-April-2016 to 31-May-2016) 1 % (1-June-2016 to 31-Mar-2017) | 20 | - | - | - | - | |||||||||
| 194E - Payment to Non-Resident Sportsmen or Sports Association | - | 20 | 20 | 20 | 12 | 2 | 5 | - | |||||||||
| 194EE - Payments out of deposits under NSS | 2500 | 20% (1-April-2016 to 31-May-2016) 10% (1-Jun-2016 to 31-Mar-2017) | 20% (1-April-2016 to 31-May-2016) 10% (1-Jun-2016 to 31-Mar-2017) | 20 | 15 | 2 | 5 | 12 | |||||||||
| 194F - Repurchase Units by MFs | 0 | 20 | 20 | 20 | 15 | 2 | 5 | 12 | |||||||||
| 194G - Commission - Lottery | 1000 (1-April-2016 to 31-May-2016) 15000 (1-Jun-2016 to 31-Mar-2017) | 10% (1-April-2016 to 31-May-2016) 5 % (1-Jun-2016 to 31-Mar-2017) | 10% (1-April-2016 to 31-May-2016) 5 % (1-Jun-2016 to 31-Mar-2017) | 20 | 15 | 2 | 5 | 12 | |||||||||
| 194H - Commission / Brokerage | 5000 (1-April-2016 to 31-May-2016) 15000 (1-Jun-2016 to 31-Mar-2017) | 10% (1-April-2016 to 31-May-2016) 5 % (1-Jun-2016 to 31-Mar-2017) | 10% (1-April-2016 to 31-May-2016) 5 % (1-Jun-2016 to 31-Mar-2017) | 20 | - | - | - | - | |||||||||
| 194I - Rent - Land and Building / furniture / fittings | 180000 | 10 | 10 | 20 | - | - | - | - | |||||||||
| 194I - Rent - Plant / Machinery / equipment | 180000 | 2 | 2 | 20 | - | - | - | - | |||||||||
| 194IA -Transfer of certain immovable property other than agriculture land(w.e.f 1-6-2013) | 5000000 | 1 | 1 | 20 | - | - | - | - | |||||||||
| 194J - Professional Fees | 30000 | 10 | 10 | 20 | - | - | - | - | |||||||||
| 194LA - Immovable Property | 200000 (1-April-2016 to 31-May-2016) 250000 (1-June-2016 to 31-Mar-2017) | 10 | 10 | 20 | - | - | - | - | |||||||||
| 194LB - Income by way of interest from infrastructure debt fund (non-resident) | - | 5 | 5 | 20 | 15 | 2 | 5 | 12 | |||||||||
| 194LBA - Certain income from units of a business trust(applicable from 01.10.2014) | - | 10 | 10 | 20 | - | - | - | - | |||||||||
| 194LBA - Certain income from units of a business trust to non resident (applicable from 01.10.2014) | - | 5 | 5 | 20 | 15 | 2 | 5 | 12 | |||||||||
| 194LBB - Income in respect of units of investment fund. (applicable from 01.06.2015) | - | 10% For Residents 10% For Non Residents (1-April-2016 to 31-May-2016) 40% For Non Residents (1-Jun-2016 to 31-Mar-2017) | 10% For Residents 10% For Non Residents ( 1-April-2016 to 31-May-2016) 30 % For NonResidents (1-Jun-2016 to 31-Mar-2017) | 20/30/40 | 15 | 2 | 5 | 12 | |||||||||
| Sec 194LBC - Income in respect of investment in securitization trust. | - | 30% For Residents 40% For Non Residents | 25% For Residents 30% For Non Residents | 25/30/40 | 15 | 2 | 5 | 12 | |||||||||
| Sec 194 LC - Income 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 (applicable from July 1, 2012) | - | 5 | 5 | 20 | 15 | 2 | 5 | 12 | |||||||||
| 194LD - Interest on certain bonds and govt. Securities(from 01-06-2013) | - | 5 | 5 | 20 | - | - | - | - | |||||||||
| 195 - Other Sums | - | Average rates as applicable | - | 30 | 15 | 2 | 5 | 12 | |||||||||
| 196A-Foreign comp unit holder of MF | - | 10 | 20 | 20 | 15 | 2 | 5 | 12 | |||||||||
| 196B - Income from units | - | 10 | 10 | 20 | 15 | 2 | 5 | 12 | |||||||||
| 196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend) | - | 10 | 10 | 20 | 15 | 2 | 5 | 12 | |||||||||
| 196D - Income of FIIs from securities | - | 20 | 20 | 20 | 15 | 2 | 5 | 12 | |||||||||
