Change in rate of TDS on Commission

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    YOGESH KUMARQ New Member

    Finance Budget 2016 has proposed to increased the threshold limit for TDS on commission from INR 5,000/- to INR 15,000/- and rate from 10% to 5% effective from June 01, 2016.

    What would be the TDS amount in the below mentioned cases.

    Case 1
    Month Commission Income Cumulative income
    Apr 3,000 3,000
    May 2,000 5,000
    Jun 9,000 14,000
    July 2,000 16,000

    Case 1
    Month Commission Income Cumulative income
    Apr 5,000 5,000
    May 1,000 6,000
    Jun 8,000 14,000
    July 2,500 16,500
  2. Chandrashekar M

    Chandrashekar M Active Member

    In both the cases the minimum threshold limit has reached only in july. You need to deduct TDS @ 5% on Rs.16000 / 16500 and remit the TDS to Govt account before 7th of August.

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