|
Nature of Payment Made To Residents
|
ThresholdÂ
|
Other than Individual or HUF
|
Individual / HUF
|
Section
|
Description
|
(Rs.)
|
IT Rate (%)
|
IT Rate (%)
|
192 |
Payment of Salary |
Taxable Income Liable to Tax |
NA |
Average Rate |
193 |
Interest on securities |
2500 |
10 |
10 |
194 |
Dividends |
5000 |
10 |
10 |
194A |
Interest other than interest on securities - (Other than Bank Deposit/Post Office Deposit/Banking Co-Society Deposit) |
5000 |
10 |
10 |
Interest other than interest on securities - (Other than Bank Deposit/Post Office Deposit/Banking Co-Society Deposit) |
40000 |
10 |
10 |
Interest on Bank Deposit/Post Office Deposit/Banking Co-Society Deposit (Payee:Senior Citizen) |
50000 |
NA |
10 |
194C |
Payment to Contractors/Subcontractor |
Single Transaction 30,000 & Aggregate of Transaction 1,00,000 |
2 |
1 |
194D |
Insurance Commission |
15,000 |
10 |
5 |
194DA |
Payment in respect of life insurance policy |
1,00,000 |
1 |
1 |
194H |
Commission / Brokerage |
15,000 |
5 |
5 |
194H |
(a)Rent - Land and Building / furniture / fittings |
240000 |
10 |
10 |
(b) Rent - Plant / Machinery / equipment |
240000 |
2 |
2 |
194IA |
Payment on Transfer of certain immovable property other than agriculture land |
50,00,000 |
1 |
1 |
194 IB |
Payment of rent by individual or HUF not liable to tax audit |
50,000 per Month |
NA |
5% |
194J (b) |
Fees for professional Services |
30000 |
10 |
10 |