TDS/ TCS Rates for FY 2015-2016 AY 2016-2017

By | January 12, 2016

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.

The updated chart of tax Deduction at Source for FY 2015-16 or AY 2016-17 is as under:

Find the table below for the TDS (Tax Deduction at source) rates and threshold limit for financial year 2015-16 or assessment year 2016-17. 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.

A. TDS rates Chart for FY 2015-2016:

SectionNature of PaymentThreshold Limit





If No / Invalid PAN

192SalariesAverage Rate30
192APremature withdrawal from EPF ( wef 01.06.2015)300001020
193Interest on Debentures

Interest on Securities



194Deemed dividend u/s.2(22)(e) Dividends other than listed companies2500101020
194AInterest other than Interest on Securities (including recurring deposits wef 01-06-2015) :Bank/Post office10000101020
194AInterest other than Interest on Securities : Others5000101020
194BLottery / Cross Word Puzzle10000303030
194BBWinning form horse race5000303030




194CContract – Transporter who has provided valid PAN (up to 31.05.2015)20
194CContract – Transporter not covered under 44AE (wef 01.06.2015)30000/750001220
194CContract – Transporter covered under 44AE & submit declaration on prescribed form with PAN (wef 01.06.2015)20
194DInsurance Commission20000101020
194DA(w.e.f. 01/10/2014)
Payment in respect of Life Insurance Policy (including Bonus)
194EPayments to non-resident sportsmen or sports associations202020
194EERefund of NSS25002020
194FRepurchase of units by MF / UTI202020
194GCommission on sale of lottery tickets1000101020
194HCommission or Brokerage5000101020
194ILand, building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings180000101020
194IRent of Machinery, Plant or Equipment1800002220
194IATransfer of Immovable property other than agriculture land (w.e.f. 01.06.2013)50 Lakh1120
194JProfessional/ Technical charges/ Royalty & Non-compete fees/ Payments to directors30000101020
194LACompensation on acquisition of immovable property200000101020
194LBInterest from an Infrastructure Bond5520
194LBAIncome in the nature of interest received or receivable from a special purpose vehicle, distributed by a business trust to its unit holders.
Resident Payee
Non Resident PayeeDistribution of income by a business trust being a real estate investment trust (wef 01-06-2015)




194LBBPayments to a unit holder in respect of units of Investment Fund u/s 115UB1010
194LCInterest to Non Resident from Indian company/business trusts  engaged in certain business5520
194LDInterest on certain Govt Bonds/Securities payable on or after 01-06-2013 but before 01-06-20175520
195/196B/196C/196D/ 196EPayment to non-residentsRates in forceRates in force20

B. The Tax Collection at Source Rates for the Financial Year 2015-16 is tabulated below:

SectionNature of GoodsRates in %
206CAlcoholic liquor for human Consumption1
206CTendu leaves5
206CTimber obtained under forest lease2.5
206CTimber obtained by any mode other than a forest lease2.5
206CAny other forest produce not being timber or tendu leaves2.5
206CParking lot2
206CToll plaza2
206CMining & Quarrying2
206CMinerals, being coal or lignite or iron ore1
206CBullion or jewellery (if the sale consideration is paid in cash  exceeding INR 2 lakhs)1

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