TDS Rates Amendment in Finance Bill 2016

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AMENDMENTS  IN TDS RATES IN FINANCE BILL 2016

 

Tds amendment finance bill 2016
SECTIONNature of TranasactionINCREASE IN EXEMPTION LIMITAmendment in TDS Rates
ExsitingCurrent w.e.f. 01.06.2016ExsitingCurrent w.e.f. 01.06.2016
192APayment of Accmulated PF to employee300005000010%10%
194BBWinning from Horse Race50001000030%30%
194CAggregate Contractual Payment750001000001% /2%1% /2%
194DInsurance Commission200001500010%10%
194DAPayment in respect of Life Insurance Policy1000001000002%1%
194GCommission on Lottery Tickets10001500010%5%
194HBrokerage payment50001500010%5%
194LAPayment of Compensation on acqusition of immoveable property20000025000010%10%
194LBCIncome from investment in Securitisation Trust00025%/30%
206C(1)(Viii)Motor vehicle value exceeding 10,00,0000100000001%
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).020000001%