Section |
Nature of Payment |
Threshold Limit of Payment |
FY (2014-15) |
Form 15G/15H Applicable |
192 |
Income from Salary |
Senior Citizen (60 Years) |
Rs. 3,00,000 |
Average rate of Tax +edu. Cess Surcharge if Salary > 1 Cr |
|
Super Senior Citizen (80 Years) |
Rs. 5,00,000 |
Others |
Rs. 2,50,000 |
192A |
Premature Withdrawal from EPF (wef 01.06.2015) |
Rs. 30000 |
10% |
Yes |
193 |
Interest on Securities |
Rs. 5000 |
10% |
Yes |
194A |
Interest from a Banking Company |
Rs. 10,000per annum |
10% |
Yes |
194A |
Interest other than from a Banking Company |
Rs. 5,000 per annum |
10% |
Yes |
194B |
Winning from Lotteries & Cross Word Puzzles |
Rs. 10,000 per annum |
30% |
– |
194BB |
Winning from Horse Races |
Rs. 5,000 per annum |
30% |
– |
194C |
Transporters with valid PAN & to whom 44AE applicable |
&nb sp; – |
|
0% |
30% |
|
194DA |
Payment under life insurance policy (including Bonus) (wef 1st oct 2014) |
Rs.100000 per annum |
2% |
– |
|
194C |
Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters) |
30,000 per contract (or) |
Rs. 75,000 per annum |
|
Individual/HUF 1% Others 2% |
– |
|
194D |
Insurance Commision |
Rs.20,000 |
10% |
– |
|
194DA |
Payment under life insurance policy (including Bonus) |
Rs.100000 per annum |
2% |
Yes |
|
194E |
Non-resident Sportman or Sports Association |
– |
20% |
– |
|
194EE |
Out of deposit under NSS |
Rs.2500 |
Individual or HUF 20% |
Other NA |
|
Yes |
|
194G |
Commission on Sale of LotteryTickets |
Rs.1000 |
10% |
– |
|
194- I |
Rent on Plant / Machinery |
Rs. 1,80,000 per annum |
2% |
– |
|
194-I |
Land or building or furniture or fitting |
Rs. 1,80,000 per annum |
10% |
– |
|
194- IA |
Payment or transfer of Non agricultural immovable property |
Rs. 50,00,000 & above |
1% |
– |
|
194J |
Fees for Professional / Technical Services |
Rs. 30,000 per annum |
10% |
– |
|
194LA |
Compulsory Acquisition of immovable Property |
Rs. 2,00,000 |
10% |
– |
|
TCS Rates |
|
206C |
Scrap |
– |
1% |
|
|
206C |
Tendu Leaves |
– |
5% |
|
|
206C |
Timber obtained under a forest lease or other mode |
– |
2.50% |
|
|
206C |
Any other forest produce not being a Timber or tendu leave |
– |
2.50% |
|
|
206C |
Alcoholic Liquor for Human Consumption |
– |
1% |
|
|
206C |
Packing lot, toll plaza, mining & quarrying |
– |
2% |
|
|
206C |
Purchase of Bullion/ Jewellery in cash |
Rs. 2 Lacs per transaction (Bullion)Rs. 5 Lacs per transaction (Jewellery) |
1% |
|
|
206C |
Purchase of coal lignite, Iron ore by a trader |
– |
1% |
|
|