Rates for tax deduction at source
Section | For Payment of | Threshold limit | TDS Rate % | Deductee |
192 | Salary Income | Rs 2,50,000 | Slab rates | NR, R |
192 A | EPF – Premature withdrawal | Rs 50,000 | 10% | NR, R |
193 | Interest on Govt Securities | Rs. 10,000 | 10% | R |
194 | Dividend | Rs 5,000 | 10% | R |
194 A | Interest by banks / post office other than on securities | Rs. 40,000 | 10% | R |
(Rs 50,000 for Senior Citzens) | R | |||
194 A | Interest by others other than on securities | Rs. 5,000 | 10% | R |
194 B | Winnings from Lotteries / Puzzle / Game | Rs. 10,000 | 30% | FC, NR, R |
194BA | Income from online games | Rs. 0 | 30% | FC, NR, R |
194 BB | Winnings from Horse Race | Rs. 10,000 | 30% | FC, NR, R |
194C | Contract | Rs 30,000 (Single Transaction) Rs 1,00,000 (Aggregate of Transactions) | 1% (Individuals/HUF) | R |
2% (Others) | R | |||
194 D | Payment of Insurance Commission | Rs. 15,000 | 5% (10% in case of domestic companies) | R |
194DA | Maturity of Life Insurance Policy | Rs 1,00,000 | 5% (up to 30/09/2024) 2% (from 1/10/2024) | R |
194E | Payment to non-resident sportsmen/sports association | Rs 0 | 20% + Cess | NR, FC |
194EE | Payment of amount standing to the credit of a person under National Savings Scheme (NSS) | Rs. 2,500 | 10% | NR, R |
194F | Payment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual Fund | Rs. 0 | 20% (up to 30/09/2024) section ommitted from 1/10/2024 | NR, R |
194 G | Commission on Sale of Lottery tickets | Rs 15,000 | 5% (up to 30/09/2024) 2% (from 1/10/2024) | FC, NR, R |
194 H | Commission or Brokerage | Rs 15,000 | 5% (up to 30/09/2024) 2% (from 1/10/2024) | R |
194 I | Rent of Land, Building or Furniture | Rs. 2,40,000 | 10% | R |
194 I | Rent of Plant & Machinery | Rs. 2,40,000 | 2% | R |
194 IA | Transfer of Immovable Property , other than Agricultural land | Rs. 50 lakh | 1% | R |
194 IB | Rent payment by an individual or HUF not covered u/s. 194-I | Rs 50,000 (per month) | 5% (up to 30/09/2024) 2% (from 1/10/2024) | R |
194IC | Payment of monetary consideration under Joint Development Agreements | Rs 0 | 10% | R |
194J | Fees for professional or technical services | Rs 30,000 (Rs 0 in case of Directors) | 2% (Technical services or call centers), 10% (Professional services) | R |
194K | Income in respect of units (UTI/MF) | Rs 5,000 | 10% | R |
194LA | Payment of compensation on acquisition of certain immovable property | Rs 2,50,000 | 10% | R |
194 LB | Interest from Infrastructure Bond to NRI | NA | 5% + surcharge + 4% cess | NR, FC |
14LBA(1) | Certain income distributed by a business trust to its unitholder | Rs. 0 | 10% | R |
14LBA(2) | Interest income of a business trust from SPV distribution to its unitholders | Rs. 0 | 5% | NR, FC |
14LBA(2) | Dividend income of a business trust from SPV, in which it holds the entire share capital exempt the capital held by the government, and distribution to its unitholders | Rs. 0 | 10% | NR, FC |
14LBA(3) | Rental income payment of assets owned by the business trust to the unitholders of such business trust | Rs. 0 | 30% for NR 40% for FC | NR, FC |
194LBB | Certain income paid to a unitholder in respect of units of an investment fund | Rs. 0 | 10% for R 30% for NR 40% for FC | FC, NR, R |
194LBC | Income from investment in securitisation fund | Rs. 0 | 25% for Indvl/HUF 30% for Domestic Co. 40% for FC | FC, NR, R |
194LC | Interest on Loan borrowed in foreign currency | 5% (4% for IFSC) | NR, FC | |
194 LD | Interest on Rupee denominated bond, municipal debt security and govt. Securities to FII or a QFI | NA | 5% | NR, FC |
194M | Contract, commission, brokerage or professional fee (other than 194C, 194H or 194J) | 50 Lakh | 5% (up to 30/09/2024) (2% from 1/10/2024) | R |
194N | Cash withdrawal from bank and ITR filed | Rs 1cr (3cr for Co-op Society) | 2% | NR. R |
194N | Cash withdrawal from bank and ITR not filed | Rs 20 Lakh | 2% | NR. R |
194N | Cash withdrawal from bank and ITR not filed | Rs 1cr (3cr for Co-op Society) | 5% | NR. R |
194O | E-commerce sale | Rs 5 lakh | 1% (up to 30/09/2024) 0.1% (from 1/10/2024) | R |
194P | TDS on Senior Citizen above 75 Years (No ITR filing cases) | Basic Exemption Limit | Slab Rates | R |
194Q | Purchase of goods | Rs 50 lakh | 0.10% | R |
194R | Benefits or perquisites arising from business or profession | Rs 20,000 | 10% | R |
194S | TDS on payment for Virtual Digital Assets or crypto currency (w.e.f. 01.07.2022) | Rs. 10,000 for Indvl/HUF not having PGBP Rs. 50000 for specified person | 1% | R |
194T | Payment to Partners of firm (w.e.f. 01.04.2025) | Rs. 20000 | 10% | |
195 | ncome on investments made by NRI citizen | Rs. 0 | 20% | NR |
195 | Income by way of LTCG referred to in section 115E in the case of NRI, 112(1)(c)(iii), 112A | Rs. 0 | 10% | NR, FC |
195 | Any other income by way of LTCG | Rs. 0 | 20% | NR, FC |
195 | Income by way of STCG under section 111A | Rs. 0 | 15% | NR, FC |
195 | Interest payable on money borrowed by the government or Indian concern in foreign currency or Royalty for the copyright in a subject referred in the first proviso of section 115A or computer software referred to in the second proviso of section 115A | Rs. 0 | 20% | NR, FC |
195 | Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy | Rs. 0 | 20% for NR (FC after 31/03/1976) 50% for FC (if agreement b/w 31/03/1961 to 01/04/1976) | NR, FC |
195 | Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy | Rs. 0 | 20% for NR (FC after 31/03/1976) 50% for FC (if agreement b/w 29/02/1964 to 01/04/1976) | NR, FC |
195 | Any other income | Rs. 0 | 30% for NR 40% for FC | NR, FC |
196B | Income (including LTCG) from units of an offshore fund | Rs. 0 | 10% | NR, FC |
196C | Income (including LTCG) from foreign currency bonds or GDR of an Indian company | Rs. 0 | 10% | NR, FC |
196D | Income (excluding dividend and capital gain) from Foreign Institutional Investors. | Rs. 0 | 20% | NR, FC |
206AA | TDS rate in case of Non availability of PAN | – | Higher of – | FC, NR, R |
As per act | ||||
Twice the rate or rate in force | ||||
20% | ||||
206AB | TDS on non-filers of ITR at higher rates | – | Higher of | R |
– 5% | ||||
– Twice the rate or rate in force | ||||
Section | Nature of Payment | TCS Rates | ||
206C (1) | Sale of Scrap | 1% | ||
206C (1) | Sale of Tendu Leaves | 5% | ||
206C (1) | Sale of Timber obtained under a forest lease or other mode | 2.50% | ||
206C (1) | Sale of Any other forest produce not being Timber or tendu leaves | 2.50% | ||
206C (1) | Sale of Minerals, coal lignite, Iron ore by a trader | 1% | ||
206C (1) | Sale of Alcoholic Liquor for Human Consumption | 1% | ||
206C (1C) | Lease or license of the Parking lot, toll plaza, mining & quarrying | 2% | ||
206C (1F) | Sale Value of Motor vehicle whether in cheque or in any other mode of receipt Exceeding Rs. 10 Lakhs per transaction | 1% | ||
206C(1G) | Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh in a financial year if the remitted amount is out of loan obtained from any financial institution u/s 80E to pursue any education | 0.50% | ||
206C(1G) | Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh in any other case | 5% | ||
206C(1G) | Selling of overseas tour package | 5% | ||
206C(1H) | Sale of goods (Other than those being exported) of value exceeding Rs. 50 Lakh where total Sale/ gross receipts/turnover from business exceeds Rs 10 Crore during immediately financial year | 0.1% 1% without PAN | ||
205CCA | if such buyer has- 1. Not filed ITR for the last two financial years before the relevant financial year in which TCS had to be collected. 2. The time limit to file ITR has expired. 3. The total of TCS and TDS was more than Rs.50,000 in each of these two FY | Hogher of -Two times the TCS rate -5% TCS |