TDS/ TCS Rates for FY 2013-2014/AY 2014-2015

By | February 24, 2014

TDS is one of the forms of collecting tax. It is based on the scheme “Pay as you earn”. Tax must be deducted at the time of payment in cash or cheque or credit to the payee’s account whichever is earlier. Payee’s account refers to deductee’s account in this case.

Find the table below for the TDS (Tax Deduction at source) rates and threshold limit for financial year 2013-14 or assessment year 2014-15. 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.

TDS rates Chart for AY 2014-2015

Sl. No.


Nature of PaymentThreshold LimitRate in %Rate in %


192SalariesAverage Rate


193Interest on Debentures50001010


194Deemed Dividend1010


194AInterest other than Interest on Securities (By Bank)100001010
4A194AInterest other than Interest on Securities (By Others)50001010


194BLottery / Cross Word Puzzle100003030


194BBWinning form horse race50003030




194C(2)Sub-Contractors / Advertisements3000012


194DInsurance Commission200001010
10194EEPayments out od Deposit under NSS250020
11194FRepurchase of units by MF / UTI10002020
12194GCommission on sale of lotter tickets10001010
13194HCommission or Brokerage50001010
14194IRent (Land & Building) Furniture & Fittings1800001010
14A194IRent (P & M, Equipment)18000022
15194 IATDS on transfer of Immovable property other than agriculture land (w.e.f. 01.06.2013)50 Lacs11
16194JProfessional/Technical charges/ Royalty & Non compete fees300001010


Any remuneration or commission paid to director of the company(w.e.f. 01.07.2012)Nil1010


194LACompensation on acquisition of immovable property2000001010

B. The Tax Collection at Source Rates for the Financial Year 2013-14 is tabulated below:

Sl. No.

Nature of Goods

Rates in %

1Alcoholic liquor for human Consumption1
2Tendu leaves5
3Timber obtained under forest lease2.5
4Timber obtained by any mode other than a forest lease2.5
5Any other forest produce not being timber or tendu leaves2.5
7Parking lot2
8Toll plaza2
9Mining & Quarrying2
10Minerals, being coal or lignite or iron ore1
11Bullion or jewellery (if the sale consideration is paid in cash  exceeding INR 2 lakhs)1



  • During the Budget FY 2013-14 a new section 194IA has been added w.e.f. June 1, 2013 to deduct tax on transfer of property (other than agriculture land) at 1%.
  • Tax at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deductee is not available. Thus, it is now necessary for persons who are submitting Form 15H and 15G and does not have a PAN; they must have PAN and should mention the PAN on form 15H/15G to avoid higher TDS.
  • 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.


Category: TDS

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