S.No. | Quarter ending |
From 01.11.2011 on wards For Govt. Offices |
For other deductors | ||
---|---|---|---|---|---|
Etds return | Form 16A | Etds return |
Form 16A | ||
1 | 31st June | 31st July | 15th Aug | 15th july | 30th July |
2 | 30th Sep. | 31st Oct. | 15th Nov | 15th Oct. | 30th Oct. |
3 | 31st Dec. | 31st Jan. | 15th Feb | 15th jan. | 30th jan. |
4 | 31st March | 15th May | 30 may(31st may for Form 16) |
15th May | 30th May(31st may for Form 16) |
"Time and mode of payment to Government account of tax deducted at source or tax paid under sub section (1A) of section 192.
(1) All sums deducted in accordance with the provisions of Chapter XVIIB by an office of the
Government shall be paid to the credit of the Central Government
(a) on the same day where the tax is paid without production of an incometax challan; and
(b) on or before seven days from the end of the month in which the deduction is made or incometax is
due under subsection (1A) of section 192, where tax is paid accompanied by an incometax challan.
Tax to be deducted/collected by Govt Office | ||
---|---|---|
1 | Tax deposited without challan | Same Day |
2 | Tax deposited with challan | 7th of next month |
3 | Tax on perquisites opt to be deposited by the employer | 7th or next month |
(2) All sums deducted in accordance with the provisions of Chapter XVIIB by deductors other than an
office of the Government shall be paid to the credit of the Central Government
(a) on or before 30th day of April where the income or amount is credited or paid in the month of
March; and
(b) in any other case, on or before seven days from the end of the month in which
Tax deducted/collected by other | ||
---|---|---|
1 | tax deductible in March | 30th April of next year In case of TCS 7th April |
2 | other months & tax on perquisites opted to be deposited by employer | 7th of next month |
(3) Notwithstanding anything contained in subrule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:
Sr.NO | Quarter ended on | Date of Payment |
---|---|---|
1 | 30th June | 7th July |
2 | 30th Sept. | 7th Oct. |
3 | 31st Dec. | 7th Jan. |
4 | 31st March | 30th April |
Sl. No.
|
Section Of Act
|
Nature of Payment in brief
|
CUT OFF
|
Rate %
| |
HUF/IND
|
Others
| ||||
1
|
192
|
Salaries
|
Average Rate
| ||
2
|
193
|
Interest on debentures
|
5000
|
10
|
10
|
3
|
194
|
Deemed dividend
|
-
|
10
|
10
|
4
|
194A
|
Interest other than Int. on securities (by Bank)
|
10000
|
10
|
10
|
4A
|
194A
|
Interest other than Int. on securities (By others)
|
5000
|
10
|
10
|
5
|
194B
|
Lottery / Cross Word Puzzle
|
10000
|
30
|
30
|
6
|
194BB
|
Winnings from Horse Race
|
5000
|
30
|
30
|
7
|
194C(1)
|
Contracts
|
30000
|
1
|
2
|
8
|
194C(2)
|
Sub-contracts/ Advertisements
|
30000
|
1
|
2
|
9
|
194D
|
Insurance Commission
|
20000
|
10
|
10
|
10
|
194EE
|
Payments out of deposits under NSS
|
2500
|
20
|
-
|
11
|
194F
|
Repurchase of units by MF/UTI
|
1000
|
20
|
20
|
12
|
194G
|
Commission on sale of lottery tickets
|
1000
|
10
|
10
|
13
|
194H
|
Commission or Brokerage
|
5000
|
10
|
10
|
14
|
194I
|
Rent (Land & building) furniture & fittings)
|
180000
|
10
|
10
|
Rent (P & M , Equipment)
|
180000
|
2
|
2
| ||
15
|
194 IA
|
TDS on transfer of immovable property other than agriculture land (wef 01.06.13)
|
50 Lakh
|
1
|
1
|
16
|
194J
|
Professional/Technical charges/ Royalty & Non-compete fees
|
30000
|
10
|
10
|
17
|
194J(1)(ba)
|
Any remuneration or commission paid to director of the company (Effective from 1 July 2012)
|
NIL
|
10
|
10
|
18
|
194LA
|
Compensation on acquisition of immovable property
|
200000
|
10
|
10
|
Various situations and Surcharge /Cess applicable on TDS/TCS
| ||||
Payment to
|
payment
|
Surcharge
|
Cess
| |
Resident
|
Non-corporate
|
salary(up to 1 crore)
|
No
|
yes(3%)
|
Non-corporate
|
salary(> I crore)
|
yes (10%)
|
yes (3%)
| |
Non-corporate
|
other than salary
|
No
|
No
| |
Corporate
|
other than salary
|
No
|
No
| |
Non-Resident
|
Non-corporate
|
salary(up to 1 crore)
|
No
|
yes (3%)
|
Non-corporate
|
salary(> I crore)
| Yes (10 %) |
yes (3%)
| |
Non-corporate
|
other than salary up to 1 Crore
|
No
|
yes (3%)
| |
Corporate
|
other than salary (> 1 Crore to 10 crore)
|
yes(2%)
|
yes (3%)
| |
Corporate
|
other than salary > 10 Crore
|
yes(5%)
|
yes (3%)
|
An Individual or a Hindu Undivided Family whose total sales, gross receipts or turnover from business or profession carried on by him does not exceeds the monetary limits(Rs.100,00,000 in case of business & Rs.25,00,000 in case of profession) under Clause (a) or (b) of Sec.44AB during the immediately preceding financial year shall not be liable to deduct tax u/s.194A,194C, 194H, 194I & 194J.So no tax is deductible by HUF/Individual in first year of operations of business even sales/Fees is more than 100/25 Lakh.
Sl.No.
|
Nature of Goods
|
Rates in %
|
1
|
Alcoholic liquor for human Consumption
|
1
|
2
|
Tendu leaves
|
5
|
3
|
Timber obtained under forest lease
|
2.5
|
4
|
Timber obtained by any mode other than a forest lease
|
2.5
|
5
|
Any other forest produce not being timber or tendu leaves
|
2.5
|
6
|
Scrap
|
1
|
7
|
Parking lot
|
2
|
8
|
Toll plaza
|
2
|
9
|
Mining & Quarrying
|
2
|
10
|
Minerals, being coal or lignite or iron ore
|
1 wef 01.07.2012
|
11
|
Bullion or jewellery (if the sale consideration is paid in cash exceeding INR 5 lakhs in jewellery and two lakh in case of Bullion)
|
1 wef 01.07.2012
|