Rates for tax deduction at source

SectionFor Payment ofThreshold limitTDS Rate %Deductee
192Salary IncomeRs 2,50,000Slab ratesNR, R
192 AEPF – Premature withdrawal Rs 50,00010%NR, R
193Interest on Govt SecuritiesRs. 10,00010%R
194DividendRs 5,00010%R
194 AInterest by banks / post office other than on securitiesRs. 40,00010%R
(Rs 50,000 for Senior Citzens)R
194 AInterest by others other than on securitiesRs. 5,00010%R
194 BWinnings from Lotteries / Puzzle / GameRs. 10,00030%FC, NR, R
194BAIncome from online gamesRs. 030%FC, NR, R
194 BBWinnings from Horse RaceRs. 10,00030%FC, NR, R
194CContractRs 30,000 (Single Transaction) Rs 1,00,000 (Aggregate of Transactions)1% (Individuals/HUF)R
2% (Others)R
194 DPayment of Insurance CommissionRs. 15,0005% (10% in case of domestic companies)R
194DAMaturity of Life Insurance PolicyRs 1,00,0005% (up to 30/09/2024)
2% (from 1/10/2024)
R
194EPayment to non-resident sportsmen/sports associationRs 020% + CessNR, FC
194EEPayment of amount standing to the credit of a person under National Savings Scheme (NSS)Rs. 2,50010%NR, R
194FPayment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual FundRs. 020% (up to 30/09/2024)
section ommitted from 1/10/2024
NR, R
194 GCommission on Sale of Lottery ticketsRs 15,0005% (up to 30/09/2024)
2% (from 1/10/2024)
FC, NR, R
194 HCommission or BrokerageRs 15,0005% (up to 30/09/2024)
2% (from 1/10/2024)
R
194 IRent of Land, Building or FurnitureRs. 2,40,00010%R
194 IRent of Plant & MachineryRs. 2,40,0002%R
194 IATransfer of Immovable Property , other than Agricultural landRs. 50 lakh1%R
194 IBRent payment by an individual or HUF not covered u/s. 194-IRs 50,000 (per month)5% (up to 30/09/2024)
2% (from 1/10/2024)
R
194ICPayment of monetary consideration under Joint Development AgreementsRs 010%R
194JFees for professional or technical servicesRs 30,000 (Rs 0 in case of Directors)2%  (Technical services or call centers), 10% (Professional services)R
194KIncome in respect of units (UTI/MF)Rs 5,00010%R
194LAPayment of compensation on acquisition of certain immovable propertyRs 2,50,00010%R
194 LBInterest from Infrastructure Bond to NRINA5% + surcharge + 4% cessNR, FC
14LBA(1)Certain income distributed by a business trust to its unitholder Rs. 010%R
14LBA(2)Interest income of a business trust from SPV distribution to its unitholdersRs. 05%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 unitholdersRs. 010%NR, FC
14LBA(3)Rental income payment of assets owned by the business trust to the unitholders of such business trustRs. 030% for NR
40% for FC
NR, FC
194LBBCertain income paid to a unitholder in respect of units of an investment fundRs. 010% for R
30% for NR
40% for FC
FC, NR, R
194LBCIncome from investment in securitisation fund Rs. 025% for Indvl/HUF
30% for Domestic Co.
40% for FC
FC, NR, R
194LCInterest on Loan borrowed in foreign currency 5%
(4% for IFSC)
NR, FC
194 LDInterest on Rupee denominated bond, municipal debt security and govt. Securities to FII or a QFINA5%NR, FC
194MContract, commission, brokerage or professional fee (other than 194C, 194H or 194J)50 Lakh5% (up to 30/09/2024)
(2% from 1/10/2024)
R
194NCash withdrawal from bank and ITR filed Rs 1cr (3cr for Co-op Society)2%NR. R
194NCash withdrawal from bank and ITR not filed Rs 20 Lakh2%NR. R
194NCash withdrawal from bank and ITR not filed Rs 1cr (3cr for Co-op Society)5%NR. R
194OE-commerce saleRs 5 lakh1% (up to 30/09/2024)
0.1% (from 1/10/2024)
R
194PTDS on Senior Citizen above 75 Years (No ITR filing cases)Basic Exemption LimitSlab RatesR
194QPurchase of goods Rs 50 lakh0.10%R
194RBenefits or perquisites arising from business or professionRs 20,00010%R
194STDS 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
194TPayment to Partners of firm (w.e.f. 01.04.2025)Rs. 2000010% 
195ncome on investments made by NRI citizenRs. 020%NR
195Income by way of LTCG referred to in section 115E in the case of NRI, 112(1)(c)(iii), 112ARs. 010%NR, FC
195Any other income by way of LTCGRs. 020%NR, FC
195 Income by way of STCG under section 111ARs. 015%NR, FC
195Interest 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 115ARs. 020%NR, FC
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policyRs. 020% for NR (FC after 31/03/1976)

50% for FC (if agreement b/w 31/03/1961 to 01/04/1976)
NR, FC
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policyRs. 020% for NR (FC after 31/03/1976)

50% for FC (if agreement b/w 29/02/1964 to 01/04/1976)
NR, FC
195Any other incomeRs. 030% for NR
40% for FC
NR, FC
196BIncome (including LTCG) from units of an offshore fundRs. 010%NR, FC
196CIncome (including LTCG) from foreign currency bonds or GDR of an Indian companyRs. 010%NR, FC
196DIncome (excluding dividend and capital gain) from Foreign Institutional Investors.Rs. 020%NR, FC
206AATDS rate in case of Non availability of PANHigher of –FC, NR, R
As per act
Twice the rate or rate in force
20%
206ABTDS on non-filers of ITR at higher ratesHigher ofR
– 5%
– Twice the rate or rate in force
SectionNature 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 transaction1% 
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 education0.50% 
206C(1G)Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh in  any other case5% 
206C(1G)Selling of overseas tour package5% 
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 year0.1%
1% without PAN
 
205CCAif 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