CHANGES IN TAX DEDUCTION AT SOURCE

                                                                CHANGES IN TAX DEDUCTION AT SOURCE

Revision in respect of Threshold Limit:-

SECTION	HEAD	PRESENT LIMIT	PROPOSED LIMIT
192A	Payment of accumulated balance due to an employee	30,000	50,000
194BB	Winnings from Other Game	5,000	10,000
194C	Payments to Contractors/Sub-contractors	75,000	1,00,000
194LA	Payment of Compensation on acquisition of certain Immovable Property	2,00,000	2,50,000
194D	Insurance commission	20,000	15,000
194G	Commission on sale of lottery tickets	1,000	15,000
194H	Commission or brokerage	5,000	15,000

Revision in respect of change of Percentage Rate:-

SECTION	HEAD	PRESENT TDS RATE	PROPOSED TDS RATE
194DA	Payment in respect of Life Insurance Policy	2%	1%
194EE	Payments in respect of NSS Deposits	20%	10%
194G	Commission on sale of lottery tickets	10%	5%
194H	Commission or brokerage	10%	5%
194D	Insurance commission	10%	5%

ABOVE AMENDMENT SHALL BE EFFECTIVE FROM 1^ST JUNE 2016.