AMENDMENTS IN TDS RATES IN 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% |