NECESSARY IMPORTANT AMENDMENTS IN TDS RATES in Finance Bill 2016

NECESSARY IMPORTANT AMENDMENTS IN TDS RATES in Finance Bill 2016
SECTION	Nature of Tranasaction	INCREASE IN EXEMPTION LIMIT		Amendment in TDS Rates
		Exsiting	Current w.e.f. 01.06.2016	Exsiting	Current w.e.f. 01.06.2016
192A	Payment of Accmulated PF to employee	30000	50000	10%	10%
194BB	Winning from Horse Race	5000	10000	30%	30%
194C	Aggregate Contractual Payment	75000	100000	1% /2%	1% /2%
194D	Insurance Commission	20000	15000	10%	10%
194DA	Payment in respect of Life Insurance Policy	100000	100000	2%	1%
194G	Commission on Lottery Tickets	1000	15000	10%	5%
194H	Brokerage payment	5000	15000	10%	5%
194LA	Payment of Compensation on acqusition of immoveable property	200000	250000	10%	10%
194LBC	Income from investment in Securitisation Trust	0	0	0	25%/30%
206C(1)(Viii)	Motor vehicle value exceeding 10,00,000	0	1000000	0	1%
206C(1D)	Sale in cash of any goods (other than bullion and jewellery),
	or providing of any services (other than payments on
	which tax is deducted at source under Chapter XVII-B)
	exceeding two lakh rupees.(Rs.2 Lakh).	0	200000	0	1%