TDS Rates Amendment in Finance Bill 2016

AMENDMENTS  IN TDS RATES IN FINANCE BILL 2016

 

Tds amendment finance bill 2016
SECTION Nature of Tranasaction INCREASE IN EXEMPTION LIMIT Amendment in TDS Rates
Exsiting Current w.e.f. 01.06.2016 Exsiting Current w.e.f. 01.06.2016
192A Payment of Accmulated PF to employee 30000 50000 10% 10%
194BB Winning from Horse Race 5000 10000 30% 30%
194C Aggregate Contractual Payment 75000 100000 1% /2% 1% /2%
194D Insurance Commission 20000 15000 10% 10%
194DA Payment in respect of Life Insurance Policy 100000 100000 2% 1%
194G Commission on Lottery Tickets 1000 15000 10% 5%
194H Brokerage payment 5000 15000 10% 5%
194LA Payment of Compensation on acqusition of immoveable property 200000 250000 10% 10%
194LBC Income from investment in Securitisation Trust 0 0 0 25%/30%
206C(1)(Viii) Motor vehicle value exceeding 10,00,000 0 1000000 0 1%
206C(1D) Sale in cash of any goods (other than bullion and jewellery),
or providing of any services (other than payments on
which tax is deducted at source under Chapter XVII-B)
exceeding two lakh rupees.(Rs.2 Lakh). 0 200000 0 1%

 

 

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