PPSINGH & ASSOCIATES is a firm of Chartered Accountants having  office  in NCR Delhi just 0.5 km from Anand Vihar ISBT  Delhi  the capital of India established in the year 2003. 



9899826222, 9711521060, 9871229590, 120-4262462

4F -CS-03, 4th Floor, Ansal Plaza, Sector-1, Vaishali, Ghaziabad- 201010 (UP)


List of transaction covered under TDS along with threshold limit and rate of TDS

List of transaction covered under TDS along with threshold limit and rate of TDS

List of transaction covered under TDS along with threshold limit and rate of TDS

Section Nature of payment Applicability
Threshold limit  in ₹ Rate of TDS
192 Salary. Maximum amount not chargeable to tax As per rate in Finance Act
192A TDS on Payment from accumulated balance due to an employee w.e.f 01-06-2015 ₹ 50000/- *10%/maximum marginal rate if PAN not provided
193 Interest on securities. Different threshold limit in different type of interest As per rate in Finance Act
194 Dividend. ₹ 5000/- 10%
194A TDS on interest other than interest on securities. 1. Payee is bank /post office /cooperative society-. ₹ 40000/-(₹ 50000/- for senior citizen payee)

2. other payer ₹5000

As per rate in Finance Act
S-194B TDS on wining from lottery, cross word puzzle. ₹10000/- As per rate in Finance Act
S-194BB TDS on wining from horse race. ₹10000/- As per rate in Finance Act
S-194C TDS on payment to contractors. ₹ 30000/- for a work/ ₹ 1 lakh for FY/ Transporter no deduction on declaration  of 10 or less goods carriage and PAN 1%( payee is individual/HUF)

2% other cases

S-194D TDS on insurance commission to agents by insurance company. ₹15000/- As per rate in Finance Act
S-194DA Deduction from payment in respect of Life Insurance Policy w.e.f 01-10-2014. ₹1 Lakh for FY 5%
S-194E TDS on payment to non resident sports man or sports association. NIL 20%
S-194EE TDS on payment in respect of deposit under national saving scheme. ₹2500/- 10%
S-194F TDS on payment on account of repurchase of units by mutual funds or UTI. NIL 20%
S-194G TDS on commission on sale of lottery ticket. ₹15000/- 5%
S-194H TDS on commission or brokerage. ₹15000/- 5%
S-194I TDS on rent. ₹ 240,000/- Plant & machinery-2%

Land building -10%

S-194IA TDS on payment in respect of transfer of immovable property other than agriculture land. ₹50 lakh 1%
S-194IB TDS in respect of Payment of rent by individuals or Hindu undivided family not subject to tax audit. w.e.f  1st June, 2017 ₹50,000/- per month/part of month 5%
S-194-IC TDS on payment of monetary consideration under joint development agreement (JDA) w.e.f 1st of April 2017 NIL 10%
S-194J TDS on fee for professional, technical service, remuneration to non salary director, royalty and non compete fee referred, under section 28(va). ₹30000/- 10% in general/ 2%fees for technical services (not being a professional services) or royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films
S-194LA TDS on payment as compensation on acquisition of immovable property. ₹ 2.50 lakh 10%
S-194LB TDS on income by way of interest from infrastructure debt fund referred under section 10(47). NIL 5%
S-194LBA Deduction from certain income from units of a business trust w.e.f 01-06-2015. NIL 10%/rate in force as per Finance Act.
S-194LBB TDS on Income in respect of Units of Investment Fund NIL 10%/rate in force as per Finance Act.
194LBC TDS on Income in respect of investment in securitization trust with effect from 01-06-2016 new section inserted by finance act 2016. NIL 20%/30%
S-194LC TDS on interest income from Indian company to non resident in respect of borrowings in foreign currency under loan agreement or infrastructure bond between 1-7-2012 to 1-7-2017 where borrowings rate of interest approved by central government. NIL 5%/4%
S-194LD TDS on interest of Rupee denominated bond of Indian company or government securities payable FII or QFI between 1-6-2013 to 1-7-2017 @ 5%. NIL 5%
S-194M Payment exceeding ₹ 50 lakh for any work/ commission /fee for professional or technical service  by certain individuals or Hindu undivided family not otherwise not covered in tax audit u/s 44AB. ₹ 50 lakh during FY 5%
S-194N Cash withdrawal from bank/post office/co-operative bank exceeding certain limit. 1crore/₹20lakh for non filer of ITR during last 3 AYs 2%/2%( ₹ 20 lakh to ₹1 crore) beyond ₹ 1 crore- 5%
S-194O Payment by e-commerce operator or customer to e-commerce participant for supply through digital platform of e-commerce operator. NIL/₹ 5 lakh if payee being individual/HUF  furnishing PAN/Aadhaar. 1%
S-194 P Deduction of tax in case of specified senior citizen  age above 75 years and having person  income and interest income from the same bank – Full tax  due to be deducted and no need to file ITR.


Basic exemption as per finance act rate in force as per Finance Act on total income after rebate u/s 87A
S-194Q Deduction of tax at source on payment of  sum  exceeding ₹ 50 lakh for purchase of goods from a person if purchaser turnover/gross receipts/sale of  preceding FY is ₹ 10 crore. ₹ 50 lakh in a FY. 0.1%
S-195 TDS on payment to non resident or to a foreign company. NIL Rate in force as per finance act
S-196B TDS on income from units referred under section 115AB(off shore funds) where units purchase in foreign currency, TDS @ 10% on income including long term capital gain. NIL 10%
S-196C TDS on income by way of interest, dividend and long term capital gain in respect of share/ GDR/ bonds of Indian company to non resident referred under section 115AD @ 10%. NIL 10%
S-196D TDS on income of FII from securities referred under section 115AD(1)(a) @ 20%. NIL 20% or DTAA rate whichever is lower.
S-206AB Special provision for deduction of tax at source for non-filers of ITR (income-tax return) for last 2 AY before due date As applicable based on nature of transaction in any of the section If PAN not furnished, higher of the followings:

(i) at twice the rate specified in the relevant provision of the Act; or

(ii) at twice the rate or rates in force; or

(iii) at the rate of 5%

If PAN not furnished higher of rate as section 206AB or  206AA.

Qualification: LLM( P), LLB, FCA, CS, GSTCC, B.Sc. (H.)
Location: 1. UG-02, 10A/10 plot no 10, sector 10A, Vasundhara, ghaziabad, UP. NCR Delhi, 2. Office no-03, 4th floor Ansal plaza Mall Vaishali, Ghaziabad- 201010 (Uttar Pradesh)

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