|
| S No |
Nature of Payment |
Person Responsible for deduction of tax at source |
TDS necessary when payment is made to |
| 1 |
Salary and all positive incomes under any head on income but not including loss under the head income under the House property (Sec 192) |
All Governments, Companies, Co operartive societies, Local authorities, University, Institutions, Associations or Body , Trustees of a recognized Provident Fund or Superannuation Fund |
Any individual having taxable salary during the previous year from any number of employers |
| 2 |
Interest on Securities
(Sec 193) |
Any person |
Any person |
| 3 |
Dividend from Domestic Companies or companies which have made prescribed arrangement for declaration/payment of dividend within India (Excluded from TDS w.e.f. 1.6.97 by Finance Act, 97) (Sec 194) |
Principal Officer of a Domestic Company. |
A resident shareholder when total dividend paid exceeds Rs 2,500/- |
| 4 |
Interest other than interest on securities (Sec 194A) |
Any person other than individual or HUF |
A resident |
| 5 |
Winnings from Lottery or crossword puzzles (Sec 194B) |
Any person |
Any person |
| 6 |
Winnings from horse races (Sec 194BB) |
Book maker or person holding a licence for horse racing, wagering or betting in any race course |
Any person |
| 7 |
i. Payment to Contractors in pursuance of any work of contract including supply of labour contract (Sec 194C) |
Central, State Government, local authority; Central, State or provincial Corporation; Company ; Co-operative Society; trust; University; a constituted authority engaged in housing and planning & development of Cities,Towns and Villages; and firm (firm included w.e.f. 1.7.95 vide Finance Act, 1995) |
Any resident person |
| |
ii. Payment to sub-contractors (Sec 194C) |
Any Contractor other than individual or HUF |
Any resident person |
| 8 |
Insurance Commission covering all payments for procuring Insurance business(Sec 194D) |
Any person responsible for payment |
A resident |
| 9 |
Payment to non-resident sportsman (including athlete) or sports association or institution. In case of non-resident sportsman, it includes payments in respect of advertisements as well as articles on any game or sports in India in newspapers, magazines etc. (194E) |
Any person responsible for payment |
Any non-resident sportsman who is not a citizen of India and any non-resident sports association or institution |
| 10 |
Payments in respect of deposits under NSS (194EE) |
Person responsible for making payment in respect of amount referred to in Section 80CCA (2)(a). |
Any person except when the payment is made to the heirs. |
| 11 |
Payment on account of repurchase of Units by Mutual Fund or UTI (194F) |
Person responsible for making payment in respect of amount referred to in Section 80CCB (2). |
Any person |
| 12 |
Commission to Stockists, distributors, buyers and sellers of Lottery tickets including remuneration or prize on such tickets (sec 194G) |
Person responsible for making payment to such agent |
Any person |
| 13 |
Commission brokerage (sec 194H) |
Not applicable w.e.f. 1.6.92 |
- |
| 14 |
Payment of rent (sec 194I) |
Any person responsible for making payment excluding individual & HUF. |
Any person |
| 15 |
Fees for professional & technical services; professional services include legal, medical, engineering, architectural, accountancy, technical consultancy, interior decoration, advertising & any profession notified under Section 44AA ; Technical fees mean any consideration for rendering any managerial , technical or Consultancy service including provision of services of technical or other personnel(sec 194J) |
Any person responsible for making payment except an individual & HUF. |
A resident. |
|
