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TDS : TDS for Resident and Non Resident in Detail

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Published on 28 Aug 2019 / In NRI

TDS for Resident and Non Resident

Discussion about TDS, Applicability, Limits, Section, Form 26As and Form 16.
1. TDS:
• TDS stands for Tax Deduction at Source.
2. TDS Deduction , Deposit and Certification Process
3. Applicability of TDS
4. TDS which is deducted on the specified Transaction mentioned
under Income Tax Act. These Transactions are given below with
their Section and their Limits.

192 Salary Income
Limits: As per Basic Exemption limit & Deduction

193 Interests on Securities
Limits: 50,000
TDS rate in % 10%, if no pan than 30%

193 Interests on Debenture
Limits 5,000
TDS rate in % 10%

194 Dividend other than listed company
Limits NA
TDS rate in % 10%

194A Interest other than on securities by Bank.
Limits 5,000
TDS rate in % 10%

194D Payment of Insurance Commission.
Limits 15,000
TDS rate in % 5%

194I Rent of Land , Building and Furniture
Limits 2,40,000
TDS rate in % 10%

194I Rent of Plant & Machinery
Limits 2,40,000
TDS rate in % 2%

194C Payment to contractor/ Subcontractor.
Limits 1,00,000
TDS rate in % 1%

5. Applicability of TDS on Non Resident Indian ( NRI)
• In case of NRI, TDS will be deducted only on that incomes which are liable to tax in India or earned at the source of India.

6. Due Date for Payment / Depositing TDS / Return filed
7. 26AS and Form 16A


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