Recent budget made some modification in TDS rates as some new income sources attract TDS. So TDS rate list for financial year 2014-15 relevant to analysis year 2015-16 is as under.
|
In the case of a person
other than a company—
|
|
|
(a) where the person is
resident in India—
|
|
|
(i) on income by way of
interest other than “Interest on securities”
|
10%
|
|
(ii) on income by way
of winnings from lotteries, crossword puzzles, card games and other games of
any sort
|
30%
|
|
(iii) on income by way
of winnings from horse races
|
30%
|
|
(iv) on income by way
of insurance commission
|
10%
|
|
(v) on income by way of
interest payable on—
|
10%
|
|
(A) 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;
|
|
|
(B) any debentures
issued by a company where such debentures are listed on a recognised stock
exchange in accordance with the Securities Contracts (Regulation) Act, 1956
(42 of 1956) and any rules made thereunder;
|
|
|
(C) any security of the
Central or State Government;
|
|
|
(vi) on any other
income
|
10%
|
|
(b) where the person is
not resident in India—
|
|
|
(i) in the case of a
non-resident Indian—
|
|
|
(A) on any investment
income
|
20%
|
|
(B) on income by way of
long-term capital gains referred to in section 115E or sub-clause (iii) of
clause (c) of sub-section (1) of section 112
|
10%
|
|
(C) on income by way of
short-term capital gains referred to in section 111A
|
15%
|
|
(D) on other income by
way of long-term capital gains [not being long-term capital gains referred to
in clauses (33), (36) and (38) of section 10]
|
20%
|
|
(E) on income by way of
interest payable by Government or an Indian concern on moneys borrowed or
debt incurred by Government or the Indian concern in foreign currency (not
being income by way of interest referred to in section 194LB or section194LC)
|
20%
|
|
(F) on income by way of
royalty payable by Government or an Indian concern in pursuance of an
agreement made by it with the Government or the Indian concern where such
royalty is in consideration for the transfer of all or any rights (including
the granting of a licence) in respect of copyright in any book on a subject
referred to
in the first proviso to
sub-section (1A) of section 115A of the Income-tax Act, to the Indian
concern, or in respect of any computer software referred to in the second
proviso to sub-section (1A) of section 115A of the Income-tax Act, to a
person residentin India
|
25%
|
|
(G) on income by way of royalty [not being
royalty of the nature referred to in sub-tem (b)(i)(F)] payable by Government
or an Indian concern in pursuance of an agreement made by it with the
Government or the Indian concern and where such agreement is with an Indian
concern, the agreement is approved by the Central
Government or where it
relates to a matter included in the industrial policy, for the time being in
force, of the Government of India, the agreement is in accordance with that
policy
|
25%
|
|
(H) on income by way of
fees for technical services payable by Government or an Indian concern in
pursuance of an agreement made by it with the Government or the Indian
concern and where such agreement is with an Indian concern, the agreement is
approved by the Central Government or where it relates to a matter
included in the
industrial policy, for the time being in force, of the Government of India,
the agreement is in accordance with that policy
|
25%
|
|
(I) on income by way of
winnings from lotteries, crossword puzzles, card games and other games of any
sort
|
30%
|
|
(J) on income by way of
winnings from horse races
|
30%
|
|
(K) on the whole of the
other income
|
30%
|
|
|
|
|
(ii) in the case of any
other person—
|
|
|
(A) on income by way of
interest payable by Government or an Indian concern on moneys borrowed or
debt incurred by Government or the Indian concern in foreign currency (not
being income by way of interest referred to in section 194LB or section
194LC)
|
20%
|
|
(B) on income by way of
royalty payable by Government or an Indian concern in pursuance of an
agreement made by it with the Government or the Indian concern where such
royalty is in consideration for the transfer of all or any rights (including
the granting of a licence) in respect of copyright in any book on a subject
referred to
in the first proviso to
sub-section (1A) of section 115A of the Income-tax Act, to the Indian
concern, or in respect of any computer software referred to in the second
proviso to sub-section (1A) of section 115A of the Income-tax Act, to a
person resident in India
|
25%
|
|
(C) on income by way of
royalty [not being royalty of the nature referred to in sub-item (b)(ii)(B)]
payable by Government or an Indian concern in pursuance of an agreement made
by it with the Government or the Indian concern and
where such agreement is
with an Indian concern, the agreement is approved by the Central Government
or where it relates to a matter included in the industrial policy, for the
time being in force, of the Government of India, the
agreement is in
accordance with that policy
|
25%
|
|
(D) on income by way of
fees for technical services payable by Government or an Indian concern in
pursuance of an agreement made by it with the Government or the Indian
concern and where such agreement is with an Indian
concern, the agreement
is approved by the Central Government or where it relates to a matter
included in the industrial policy, for the time being in force, of the
Government of India, the agreement is in accordance with that policy
|
25%
|
|
(E) on income by way of
winnings from lotteries, crossword puzzles, card games and other games of any
sort
|
30%
|
|
(F) on income by way of
winnings from horse races
|
30%
|
|
(G) on income by way of
short-term capital gains referred to in section 111A
|
15%
|
|
(H) on income by way of
long-term capital gains referred to in sub-clause (iii) of clause (c) of
sub-section (1) of section 112
|
10%
|
|
(I) on income by way of
other long-term capital gains [not being long-term capital gains referred to
in clauses (33), (36) and (38) of section 10]
|
20%
|
|
(J) on the whole of the
other income
|
30%
|
|
www.taxalertindia.com
|
|
|
2. In the case of a
company—
|
|
|
(a) where the company
is a domestic company—
|
|
|
(i) on income by way of
interest other than “Interest on securities”
|
10%
|
|
(ii) on income by way
of winnings from lotteries, crossword puzzles, card games and other games of
any sort
|
30%
|
|
(iii) on income by way
of winnings from horse races
|
30%
|
|
(iv) on any other
income
|
10%
|
|
|
|
|
(b) where the company
is not a domestic company—
|
|
|
(i) on income by way of
winnings from lotteries, crossword puzzles, card games and other games of any
sort
|
30%
|
|
(ii) on income by way
of winnings from horse races
|
30%
|
|
(iii) on income by way
of interest payable by Government or an Indian concern on moneys borrowed or
debt incurred by Government or the Indian concern in foreign currency (not
being income by way of interest referred to in section 194LB or section194LC)
|
20%
|
|
(iv) on income by way
of royalty payable by Government or an Indian concern in pursuance of an
agreement made by it with the Government or the Indian concern after the 31st
day of March, 1976 where such royalty is in consideration
for the transfer of all
or any rights (including the granting of a licence) in respect of copyright
in any book on a subject referred to in the first proviso to sub-section (1A)
of section 115A of the Income-tax Act, to the Indian concern, or in respect
of any computer software referred to in the second proviso to sub-section
(1A) of
section 115A of the
Income-tax Act, to a person resident in India
|
25%
|
|
(v) on income by way of
royalty [not being royalty of the nature referred to in sub-item (b)(iv)]
payable by Government or an Indian concern in pursuance of an agreement made
by it with the Government or the Indian concern and where
such agreement is with
an Indian concern, the agreement is approved by the Central Government or
where it relates to a matter included in the industrial policy, for the time
being in force, of the Government of India, the agreement is in accordance
with that policy—
|
|
|
(A) where the agreement
is made after the 31st day of March, 1961 but before the 1st day of April,
1976
|
50%
|
|
(B) where the agreement
is made after the 31st day of March, 1976
|
25%
|
|
www.taxalertindia.com
|
|
|
(vi) on income by way
of fees for technical services payable by Government or an Indian concern in
pursuance of an agreement made by it with the Government or the Indian
concern and where such agreement is with an Indian concern, the agreement is approved
by the Central Government or where it relates to a matter included in the industrial
policy, for the time being in force, of the Government of India, the
agreement is in accordance with that policy—
|
|
|
(A) where the agreement
is made after the 29th day of February, 1964 but before the 1st day of April,
1976
|
50%
|
|
(B) where the agreement
is made after the 31st day of March, 1976
|
25%
|
|
(vii) on income by way
of short-term capital gains referred to in section 111A
|
15%
|
|
(viii) on income by way
of long-term capital gains referred to in sub-clause (iii) of
clause (c) of
sub-section (1) of section 112
|
10%
|
|
(ix) on income by way
of other long-term capital gains [not being long-term capital gains referred
to in clauses (33), (36) and (38) of section 10]
|
20%
|
|
(x) on any other income
|
40%
|
