TDS Rate Chart

  • Tax Deduction at Source (TDS), it's a method of collecting income tax in India under the Indian Income Tax Act of 1961. It is a part of the Department of Revenue, managed by the Indian Revenue Service (IRS) and managed by the Central Board for Direct Taxes (CBDT). TDS applies to salaries, fees, brokerage fees, loyalty, contract payments, interest on multiple financial assets, professional fees, and more. Apart from that, TDS is collected to stabilize government revenue sources all year round and prevent people. From doing that, avoidance tax. 

 

  • The tax collected will be used for various government activities such as infrastructure development, defense, and development. Depending on the type of service, there are also certain types of taxes (TDS) that the recipient may deduct. However, if you deduct more than the required tax amount, you are entitled to a TDS refund. However, you must submit a TDS to receive the refund amount. 

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TDS Rate Chart
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The employer can deduct tax withholding when actually paying the employee, and the employer can only deduct tax from salary at the time of payment. TDS will only be deducted if your total income is taxable. However, if the total income is Rs, TDS will not be deducted. At 2.50,000, this amount applies to both men and women under the age of 60. 

 

TDS applies to different types of income, including salaries, interest, commissions received, and dividends. TDS does not apply to all income and individuals in all transactions. The income tax law provides different TDS rates for different payments and different categories of recipients. For example, payment of investment trust redemptions to individual residents is not subject to TDS, but non-resident Indians are subject to TDS. 

 

TDS is based on the concept that a person who makes a particular type of payment to an individual withholds at the tax rate stipulated by the Income Tax Act and deposits it in a government account.  This person is known as the "Arrester". On the other hand, a person who receives payment after withholding tax is called a "tax withholding". Form 26AS is a declaration showing the amount of tax deducted and deposited in an individual / individual PAN in a particular fiscal year. 

 

Therefore, an individual can view/confirm the TDS of paid revenue by viewing this Form 26AS. Each deductible person must also issue a TDS certificate indicating the amount deducted and deposited with the government on behalf of the deductible person.

 

How does TDS Work?

 

According to the TDS rate table, the paying company (subject to TDS) deducts a percentage of the amount to be paid as tax and pays the rest to the recipient. The recipient will also receive a certificate from the customer stating the amount of TDS. Taxpayers can claim this TDS amount as taxes paid by them (taxpayers) in the deducted fiscal year. 

 

Deductibles are obliged to deposit TDS with the government. Once deposited, this amount will be displayed on Form 26AS for each taxpayer on the TRACES website linked to the Income Tax Office's electronic filing website. 

 

TDS applies only above a threshold. Please note that TDS will only be deducted if the payment amount exceeds the set threshold for a particular transaction. TDS will not be deducted if the value does not exceed the specified value. 

 

TDS will not be deducted if the value does not exceed the specified value. The Income Tax Department sets different thresholds for different payments such as salaries and interest. 

 

For example, if the total interest received on FD / FD from an individual bank is less than Rs, then there is no TDS. 40,000 a year from this bank. For seniors, TDS applies if the interest received on the FD exceeds Rs 50,000 in one fiscal year. 

 

How To Avoid TDS?

 

If you expect your total income for a fiscal year to fall below your tax exemption limit, you can ask the payer not to deduct TDS by submitting Form 15G / 15H. 

When receiving payments subject to TDS, the recipient must provide PAN information to avoid tax credits at higher tax rates. 

 

TDS Rate Chart

 

Tax applicable to Citizens of India

Particulars Rates

Section 192: Salary income

Section 192A: EPF withdrawal

Normal Slab rate

10%

Section 193: Interest on securities. 

a) Central or state government security.

b) Corporate bonds or collateral for money issued by local governments or organizations established by central, state, or local law.

c) All debt securities issued by the company (listed on the publicly certified ticket exchange) (in the case of debt securities). 

d) Interest on other securities

10%

10%


10%


10%

Section 194: Dividend payment


 Section 194A: Any income in the form of interest (excluding interest on securities).

10%


10%

Section 194B: Revenues from lottery prizes, card games, crossword puzzles, and all other types of games  


Section 194BB: Revenues from horse racing profits

30%


30%

Section 194C: Payment to contractor / subcontractor.

a)  people / HUF

b)  Others 


 Section 194D: Insurance Commission 


 Section 194DA: Payment of amounts related to life insurance contracts.w.e.f. On 1st September 2019, the insurance company will deduct the tax (TDS) on the income component included in the insurance benefits.

1%

2%


5%


5%

Section 194I: Rental On

a) Plants and Machinery 


b) For land / building / furniture / equipment as of April 1, 2019, the tax deduction limit for rent will be increased to Rs 2.4 la khsp.a. Rs 1.8 lakhs p.a. 


Section 194 From IA: Payment considering the transfer of certain real estate other than agricultural land. 


Section 194IB: Rent payments by individuals or HUF are not covered by u / s. 194I


Section 194 IC: Payment under Collaborative Development Agreement (JDA) to Individuals / HUF

2%


10%



1%



5%



10%

Section 194J: Any money received in the form of:

 

(a)  Fee for professional services

(b)  Remuneration/fee/commission to a director ore)

(c) For not carrying out any activity in relation to any business. 

(d) For not sharing any know-how, patent, copyright, etc.

(e) Fee for technical services and

(f)  Royalty towards the sale, distribution, or exhibition of cinematic films.

10%

10%

10%

10%

2%

2%

2%

Section 194K: Payment of shares in the investment trust under Section 10 (23D) or payment by the administrator or designated company 


 Section 194LA: The payment for compensation for the acquisition of the designated real estate. 


 Section 194LBA (1): Specific income distributed to shareholders by the business trust  


 Section 194LBB: Specific income paid to shareholders regarding the investment trust shares. 


 Section 194 LBC: Income from investments in securitization funds 


(A) Individuals and HUF 

(B) Others 


 Section 194M: Specific individual payment / HUF (Limited Rs 50 Lakhs) 


 Section 194N: Cash withdrawal exceeding a specific amount (Limited Rs 1 Chlore). ACCORDING TO THE BLOCK BELOW, the TDS fee will be applied if a person who has not submitted an ITR in the last three years after the ITR filing deadline withdraws more than Rs 200,000. For amounts over 20 rupees up to 1 rupee, and for amounts over 1 rupee 


 Section 194O: Selling goods or providing services or providing services or electronic facilities or platforms via digital by e-commerce operators. 


Section 194P: Tax credits by a particular bank for payments (pension or interest) from a particular senior citizen or age 75. Taxation on total income according to an applicable tax rate 


Section 194Q: Payment to the resident for purchase of goods when the total amount of goods exceeds 500,000 rupees. (TDS can be deducted for 50 rupees or more) 


Other income

10%



10%



10%



25%



30%


5%

2%


2%


5%






1%



Tax on total income of a person  as per rates in force


0.1%




10%

 

Tax applicable to Non Residents of India

 

Particulars TDS Rates

Section 192: Payment of salary

Section 192A: Premature withdrawal from EPF

Normal Slab Rate

10%

Section 194B: Any lottery victories, gambling through cards, crossword content prizes, and such game competition winning. 30%
Section 194BB:  Any winnings from horse racing bets 30%
Section 194E: For any payments made to NRI sportsmen, entertainers, and any NRI associations for sports 20%
Section 194EE: Any pay under the credit of an NSS personnel (National Service Scheme) 10%
Section 194F: Any pay in case of the Unit Trust of India or a mutual fund repurchasing a unit. 20%
Section 194G: Payments such as commission, etc., on the sale of lottery tickets 5%
Section 194LB: Payment in respect of compensation on acquisition of certain immovable property. 5%

Section 194LBA(2): Payment like-

  • Any interests received for business rust from anyone in the SPV where it's distributed between shareholders. 
  • Any income from SPV dividends for a business trust holding the entire capital rather than having a government body do so where it’s distributed between unitholders.

5%



10%

Section 194LBA(3)- payment in the nature of income in the nature of rental income, out of real estate assets owned directly by such business trust, to unitholders. 30%
Section 194LBB: Any pay income from a fund invested to unitholders. 30%
Section 194LBC: Any pay income received from profit investments in securitization funds. 30%

Section 194LC: Any pay that concerns loan interests or foreign currency debt to an Indian company or trust (This is against loan agreements or the issue of long term bonds)


If the interest payment is due against any long term bonds that are a part of recognized stock exchanges of IFSC.

5%




4%

Section 194LD: Any interest paid for a rupee-denominated bond, especially to foreign investors. 5%

Section 195: Payment of any other sum to NRI: Income on investments made by NRI citizen;


Income by way of LTCG referred to in section 115E in the case of NRI;


Income through the LTCG part under the section 112(1)(c)(iii);

Income through the LTCG part under the section 112A;


Income through the STCG part under the section 111A;


Any other income by way of LTCG;


For any interest payable for money borrowed on Indian concern with foreign currency or by the Indian government


income from royalties paid to an Indian company by the government or an Indian concern for copyright in a topic referred to in section 115 A's first proviso or computer software referred to in section 115 A's second proviso


Income through royalties paid to an Indian firm by the government or an Indian concern in accordance with an agreement on industrial policy issues;


Income through technical fees paid to an Indian business by the government or an Indian firm in accordance with an agreement on industrial policy issues;


Any additional source of income

20%



10%


10%

10%


15%


20%


20%



10%





10%




10%




30%

 

Tax Rates for Domestic Companies

 

Particulars TDS Rates

Section 192: Payment of salary


Section 192A: Premature withdrawal from EPF

Normal Slab Rate


10%

Section 193: Interest on securities.

a)  any security of the Central or State Government;

b) any debentures or securities for money issued by any local authority or a corporation established by a Central, State, or Provincial Act;

c) any debentures (listed on a recognized stock exchange) issued by a company where such debentures are in accordance with Securities Contracts (Regulation) Act, 1956 (42 of 1956) and its rules

d) interest on any other security

10%

10%



10%


10%

Section 194: Payment of any dividend 10%
Section 194A: Income in the form of interest (other than interest on securities). 10%
Section 194B: Revenues from lottery prizes, card games, crossword puzzles, and all other types of games  30%
Section 194BB: Revenues from horse racing profits 30%

Section 194C: Payment to contractor/sub-contractor.

a)   Individuals/HUF

b)   Others

1%

2%

Section 194D: Insurance commission 10%
Section 194DA: Payment of any money in relation to a life insurance policy (section 194DA). The insurer will deduct tax (TDS) on the income part of the insurance payout as of 1st September 2019. 5%
Section 194EE: Any pay under the credit of an NSS personnel (National Service Scheme) 10%
Section 194F: Any pay in case of the Unit Trust of India or a mutual fund repurchasing a unit. 20%
Section 194G: Payments made on the sale of lottery tickets, such as commissions. 5%
Section 194H: Commission or brokerage 5%

Section 194-I: Rent on

a) Plant and Machinery

2%
b) Land or building or furniture: The tax deduction ceiling on rent has been enhanced to Rs 2.4 lakhs per annum from Rs 1.8 lakhs per annum, effective 1st April 2019. 10%

Section 194-IA: Payment for the exchange of specified immovable property apart from farming lands.


Section 194-IC: Individual/HUF Payments Under Joint Development Agreements (JDA)

1%



10%

Section 194J: Any money received in the form of:


(a)  Fee for professional services

(b)  Remuneration/fee/commission to a director ore)

(c) For not carrying out any activity in relation to any business. 

(d) For not sharing any know-how, patent, copyright, etc.

(e) Fee for technical services and

(f)  Royalty towards the sale, distribution, or exhibition of cinematic films.

10%

10%

10%

2%

2%

2%

Section 194K: Any payment of income for mutual fund units pursuant to section 10(23D) or from the administration or a specified firm. 10%
Section 194LA: Any payment of compensation for the purchase of specific immovable property 10%
Section 194LBA(1): Certain income distributed by a business trust to its unitholder 10%
Section 194LBB: Certain income is given to a unitholder in connection with investment fund units. 10%
Section 194LBC: Earnings from a securitization fund investment 10%
Section 194M: For any income through Individual/HUF under Rs 50 Lakhs 5%

Section 194N: Cash withdrawals in excess of a particular amount (under Rs 1 crore).


If a person withdraws Rs 20 lakh or more for the previous three years and the due deadline for submitting ITR has passed, TDS rates will apply as per the slabs below:

For sums greater than Rs.20 lakh but less than Rs.1 crore, and


And for sums more than Rs. 1 crore,

2%






2%


5%

Section 194O: For the e-commerce operator's sale of products or provision of services via its digital or electronic facility or platform. 1%
Section 194P: Certain banks for the deduction of taxes when providing payments (pension or interest) to certain senior people who are 75 years or older. Tax on total income as per rates in force
Section 194Q: Payments toward residents for the acquisition of products if the total value of the products exceeds Rs 50 lakhs are covered under Section 194Q. (On amounts over Rs 50 lakhs, TDS is deductible.) 0.1%
Any Other Income 10%

 

Taxes for Non-Domestic Companies

 

Particulars TDS Rates
Section 194B: Any lottery victories, gambling through cards, crossword content prizes, and such game competition winning. 30%
Section 194BB:  Income by way of winnings from horse races 30%
Section 194E: For any payments made to NRI sportsmen, entertainers, and any NRI associations for sports 20%
Section 194G: Payments made on the sale of lottery tickets, such as commissions. 5%
Section 194LB: Payment in respect of compensation on acquisition of certain immovable property. 5%

Section 194LBA(2): Payment such as-

-interest income received or payable from an SPV by a business trust and distributed to its unitholders

5%



10%

Section 194LBA(3)- payment in the nature of income in the nature of rental income, out of real estate assets owned directly by such business trust, to unitholders. 40%
Section 194LBB: Payment of certain income by an investment fund to a unitholder. 40%
Section 194LBC: Earnings from a securitization fund investment 40%

Section 194LC: Any pay that concerns loan interests or foreign currency debt to an Indian company or trust (This is against loan agreements or the issue of long term bonds)


If the interest payment is due against any long-term bonds that are a part of recognized stock exchanges of IFSC.

5%




4%

Section 194LD: Any interest paid for a rupee-denominated bond, especially to foreign investors. 5%

Section 195: Income through the LTCG part under section (u/s) 112(1)(c)(iii);


Income by way of LTCG u/s 112A;

Income by way of STCG u/s 111A;

Any other income by way of LTCG;


For any interest payable for money borrowed on Indian concern with foreign currency or by the Indian government


income from royalties paid to an Indian company by the government or an Indian concern for copyright in a topic referred to in section 115 A's first proviso or computer software referred to in section 115 A's second proviso (for agreements made after 1st March 1976)


Income from royalties paid to an Indian company by the government or an Indian concern in accordance with an agreement on industrial policy issues. Where the agreement is reached after the date-

March 31, 1961, but before April 1, 1976-31st March 1976


Income from technical fees paid to an Indian concern by the government or an Indian firm in accordance with an agreement on industrial policy issues. When an agreement is reached after the date-

February 29, 1964, but before April 1, 197631st March 1976


Any additional source of income

10%



10%

15%

20%


20%



10%





50%



10%


50%



10%


40%

Section 196B: Income (includes LTCG) from shares of an overseas fund 10%
Section 196C: Income (includes LTCG) from an Indian company's foreign currency bonds or GDR 10%
Section 196D: Foreign Institutional Investors' Income (excluding 20%
dividends and capital gains).  

 

Tax Rates for FY 2020- 2021

 

Tax Reduction in TDS due to COVID-19 Pandemic

 

TDS Rates for Residents of India

 

Particulars TDS Rates % TDS Rates from 01.04.2020 to 13.05.2020 TDS Rates from 14.05.2020 to 31.03.2021

Section 192: Payment of salary 


Section 192A: Premature withdrawal from EPF

Normal Slab Rate

10

Normal Slab Rate

10

Normal Slab Rate

10

Section 193: Interest on securities.

a) any money debentures or securities issued by or on behalf of any municipal authority or company created by a federal, state, or provincial law;

b) any debentures issued by a corporation that is listed on a recognized stock market in compliance with Securities Contracts Act, 1956 (42 of 1956) and its rules;

c) any aspect of the federal or state gov't security;

d) interest on any other security

10 10 7.5
Section 194: Payout that is not the same as the dividend described in Section 115-O 10 10 7.5

Section 194A: Income through any interest different from security interests

w.e.f April 1, 2018, interest up to Rs. 50,000 earned by senior citizens on:

– deposit with banks

– deposit with post offices

– fixed deposits schemes

– recurring deposit schemes

will be exempt from TDS

TDS on the interest income gained from post offices and bank accounts has been increased to Rs. 40,000

10 10 7.5
from the current ceiling of Rs. 10,000, effective April 1, 2019.      
Section 194B: Any lottery victories, gambling through cards, crossword content prizes, and such game competition winning. 30 30 30
Section 194BB:  Income by way of winnings from horse races 30 30 30

Section 194C: Payment to contractor/subcontractors.

a)   HUF/Individuals

b)   Others

1

2

1

2

0.75

1.5

Section 194D: Insurance commission

5 (w.e.f 01.06.2016)

(10% from 01.04.2015 to 31.05.2016

5 3.75
Section 194DA: Any Payment concerning life insurance policies

5

(w.e.f 01/09/2015)

1 (w.e.f 01/06/2016)

(2% from 01/04/2015 to 31/05/2016)

5 3.75
Section 194EE: Any pay under the National Savings Scheme

10

(w.e.f 01/06/2016)

(20% from 01.04.2015 to 31/05/2016)

10 7.5
Section 194F: Any pay in case of the Unit Trust of India or a mutual fund repurchasing a unit. 20 15 15
Section 194G: Payments such as commission, etc., on the sale of lottery tickets

5

(w.e.f  01/06/2016)

(10 % from 01/04/2015 to 31/05/2016)

5 3.75
Section 194H: Commission or brokerage

5

(w.e.f  01/06/2016)

(10 % from 01/04/2015 to 31/05/2016)

5 3.75

Section 194-I: Rent on


a) Plant and Machinery

b) Building or land or furniture or fitting W.e.f April 1, 2019, the TDS limit for a tax deduction on rent is changed to Rs. 2,40,000 per annum from Rs.1,80,000 per annum.

2

10

2

10

1.5

7.5

Section 194-IA: Payment for the exchange of specified immovable property apart from farming lands.


Section 194 – IB: Any rent payable or HUF not covered under the section 194I (w.e.f from 01.06.2017)





Section 194-IC: Individual/HUF Payments Under Joint Development Agreements (JDA)

(w.e.f. 01.04.2017)

1




5 (w.e.f from 01.06.2017)

(If payment of Rent exceeds Rs. 50,000/- per month. )


10

1




5







10

0.75




3.75







7.5

Section 194J: Any money received in the form of:

(a)  Fee for professional services

(b)  Remuneration/fee/commission to a director ore)

(c) For not carrying out any activity in relation to any business. 

(d) For not sharing any know-how, patent, copyright, etc.

(e) Fee for technical services and

(f)  Royalty towards the sale, distribution, or exhibition of cinematic films.

10




2

10




2

7.5




1.5

Section 194 K: Any payment of income with respect to

(a) the units of any mutual fund per section 10(23D); 

(b) units from the administration; 

(c) any units from the specified company

(w.e.f. 01.04.2020)

10 10 7.5
Section 194LA: Any payment of compensation for the purchase of specific immovable property 10 10 7.5
Section 194LBA(1): Certain income distributed by a 10 10 7.5
business trust to its unitholder      
Section 194LBB: Certain income is given to a unitholder in connection with investment fund units. 10 10 7.5

Section 194LBC: Earnings from a securitization fund investment


Individual and HUF

Others

15

30

25

30

18.75

22.5

Section 194M: For any income through Individual/HUF under Rs 50 Lakhs 5 5 3.75
Section 194N: Any payment of an amount paid in cash (under 1 Crore) 2 2 2

Section 194N: Any payment of the amount in cash if-


–  The amount is higher than Rs.20 lakh but less than Rs. 1 crore

–  The amount is more than Rs. 1 crore (from 01.07.2020)

-

2


5

2


5

Section 194O: Applicable to an e-commerce operator that facilitates the selling of products or the supply of services using an electronic or digital facility or platform. (Applicable from 01.10.2020) 1 - .75
Any Other Income 10 10 10

 

TDS Rates for Non-Residents of India

 

Particulars TDS Rates % TDS Rates from 01.04.2020 to 13.05.2020 TDS Rates from 14.05.2020 to 31.03.2021

Section 192: Payment of Salary



Section 192A: Premature withdrawal from EPF

Normal Slab Rate 


10

Normal Slab Rate

 

10

Normal Slab Rate

 

10

Section 194B: Any lottery victories, gambling through cards, crossword content prizes, and such game competition winning. 30 30 30
Section 194BB:  Income by way of winnings from horse races 30 30 30
Section 194E: Payment to non-resident sportsmen/sports association 20 20 20
Section 194EE: Any pay under the National Savings Scheme 10 10 10
Section 194F: Any pay in case of the Unit Trust of India or a mutual fund repurchasing a unit. 20 20 20
Section 194G: Commission, etc., on sale of lottery tickets 5 5 5
Section 194LB: Interest on infrastructure bank loans 5 5 5

Section 194LBA: Income through business trust units


— interest paid or payable by a special-purpose vehicle;


– the dividend related to in section 115-O sub-section (7)

 

5


10

 

5

 

10

 

5

 

10

Section 194LBC: Income from a securitization fund investment 30 30 30
Section 194LC: Interest paid by an Indian Corporation or a business trust on funds obtained in foreign currency under a loan arrangement or through the issuance of long-term bonds (including long-term bonds) 5 5 5
Section 194LD: Payment of interest on a rupee-denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor 5 5 5
Section 194N: Cash payment of a certain amount (under 1 Crore) 2 2 2

Section 194N: specific sum paid in cash.


-– The sum is greater than Rs.20 lakh but less than Rs.1 crore.


- The sum is in excess of Rs. 1 crore ( from 01.07.2020)

- 25 25
Section 195: Payment of any other money to such a      

non-resident 


a) Income derived from a non-resident Indian citizen's investment


b) In the case of a non-resident Indian citizen, income from long-term capital gains as defined in Section 115E.


c) Income from long-term capital gains, as defined in clause (c) of sub-section (1) of Section 193, sub-clause (iii).


d) Short-term capital gains income (as defined in Section 111A).


e) Any other long-term capital gains income [not including long-term capital gains mentioned in Section 10 clauses (33), (36), and (38)].


f) Interest income paid by the government or an Indian firm on money borrowed or debt incurred in foreign currency by the government or an Indian business (not including interest income referred to in Section 194LB or Section 194LC).



g) Income from a royalty paid by the Government or an Indian concern in exchange for the transfer of all or any rights (including the granting of a license) in respect of the copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act to the Indian concern, or in respect of any computer software referred


h) Income from royalties [other than royalties of nature referred to in sub-item (b)(i)(F)] payable by the Government or an Indian concern in accordance with an agreement made by it with the Government or the Indian concern, and where such agreement is with an Indian concern, the agreement is approved by the Central Government, or where it relates to a matter included in the Government of India's current industrial policy, the agreement is in accordance with the current industrial policy.


i) Fees for technical services paid by the Government or an Indian concern in accordance with an agreement made by it with the Government or the Indian concern, and where the agreement is with an Indian concern, the agreement is approved by the Central Government, or where the

20



10



10




15



20




20






10












10










10

20



10



10




15



20




20






10












10









10

20



10



10




15



20




20






10












10









10

the agreement relates to a matter covered by the Government of India's industrial policy, for the time being in force, the agreement is in conformance with that guidelines.


j) Any other income

30 30 30
Section 196A: Income from a designated corporation referred to in the Explanation to paragraph (35) of section 10, or income from units of a Mutual Fund defined under clause (23D) of section 10. 20 20 20
Section 196B: Earnings from units (especially long-term capital gains on transfers of such units) to an offshore fund 10 10 10
Section 196C: Income from an Indian company's foreign currency bonds or GDR (including long-term capital profits on transferring of such bonds or GDR) 10 10 10
Section 196D: Foreign Institutional Investor' Securities Income   (for non-dividend or capital profit arising from such securities) 20 20 20

 

TDS Rates for a Domestic Company

 

Particulars TDS Rates % TDS Rates from 01.04.2020 to 13.05.2020 TDS Rates from 14.05.2020 to 31.03.2021

Section 193: Interest on securities.

a) any debentures or securities for money issued by any local authority or a corporation established by a Central, State, or Provincial Act;

b) any debentures (listed on a recognized stock exchange) issued by a company where such debentures are in accordance with Securities Contracts (Regulation) Act, 1956 (42 of 1956) and its rules

c)  any security of the Central or State Government;

d) interest on any other security

10 10 10
Section 194: Payment of any dividend 10 10 7.5
Section 194A: Income in the form of interest (other than interest on securities). 10 10 7.5
Section 194B: Revenues from lottery prizes, card games, crossword puzzles, and all other types of games  30 30 30
Section 194BB: Revenues from horse racing profits 30 30 30

Section 194C: Payment to contractor/sub-contractor.

a)   Individuals/HUF

b)   Others

1

2

1

2

0.75

1.5

Section 194D: Insurance commission 10 10 10
Section 194DA: Payment of any money in relation to a life insurance policy (section 194DA). The insurer will deduct tax (TDS) on the income part of the insurance payout as of 1st September 2019.

5

(w.e.f 01.09.2015) 1

(  w.e.f 01.06.2016)

(2% from 01.04.2015 to 31.05.2016)

5 3.75
Section 194EE: Any pay under the credit of an NSS personnel (National Service Scheme)

10

(w.e.f 01.06.2016)

(20% from 01.04.2015 to 31.05.2016)

10 7.5
Section 194F: Any pay in case of the Unit Trust of India or a mutual fund repurchasing a unit. 20 20 20
Section 194G: Payments made on the sale of lottery tickets, such as commissions.

5

(w.e.f  01.06.2016)

(10 % from 01.04.2015 to 31.05.2016)

5 3.75
Section 194H: Commission or brokerage

5

(w.e.f  01.06.2016)

(10 % from 01.04.2015 to 31.05.2016)

5 3.75

Section 194-I: Rent on

a) Plant and Machinery

b) Land or building or furniture

2

10

2

10

1.5

7.5

Section 194-IA: Payment for the exchange of specified immovable property apart from farming lands.


Section 194-IB: Rent for HUF or individuals, not u/s. 194I (w.e.f from 01.06.2017)






Section 194-IC: Individual/HUF Payments Under Joint Development Agreements (JDA) (w.e.f. 01.04.2017)

1



5

(w.e.f from 01.06.2017)

(If payment of Rent exceeds Rs. 50,000/- per month. )


10

1



5







10

0.75



3.75







7.5

Section 194J: Any money received in the form of:

(a)  Fee for professional services

(b)  Remuneration/fee/commission to a director ore)

(c) For not carrying out any activity in relation to any business. 

(d) For not sharing any know-how, patent, copyright, etc.

(e) Fee for technical services and

(f)  Royalty towards the sale, distribution, or exhibition of cinematic films.

10


2

10


2

7.5


1.5

Section 194LA: Any payment of compensation for the purchase of specific immovable property 10 10 7.5
Section 194LBA(1): Certain income distributed by a business trust to its unitholder 10 10 7.5
Any Other Income 10 10 7.5

 

TDS Rates for Non-Domestic Companies

 

Particulars TDS Rates % TDS Rates from 01.04.2020 to 13.05.2020 TDS Rates from 14.05.2020 to 31.03.2021
Section 194B: Any lottery victories, gambling through cards, crossword content prizes, and such game competition winning. 30 30 30
Section 194BB:  Income by way of winnings from horse races 30 30 30
Section 194E: For any payments made to NRI sportsmen, entertainers, and any NRI associations for sports 20 20 20
Section 194G: Payments made on the sale of lottery tickets, such as commissions. 5 5 5
Section 194LB: Payment in respect of compensation on acquisition of certain immovable property.

5

5

5

Section 194LBA: Any income distributed between unitholders of a business trust 5 5 5
Section 194LBC: Earnings from a securitization fund investment 40 40 40
Section 194LC: Any pay that concerns loan interests or foreign currency debt to an Indian company or trust (This is against loan agreements or the issue of long term bonds) 5 5 5
Section 194LD: Any interest paid for a rupee-denominated bond, especially to foreign investors. 5 5 5

Payment of any other sum) (Section 195)


a) Income from long-term capital gains, as defined in clause (c) of sub-section (1) of Section 112, sub-clause (iii).


b) Short-term capital gains income (as defined in Section 111A).


c) Any other long-term capital gains income [not including long-term capital gains referred to in Section 10 clauses (33), (36), and (38)].


d) Interest revenue paid by the government or an Indian firm on money borrowed or debt incurred in foreign currency by the government or an Indian concern (not being income by way of interest referred to in Section 194LB or Section 194LC)


e) Royalty income paid by the Government or an Indian concern in accordance with an agreement between them, in which the royalty is in exchange for the transfer of all or any rights (including the granting of a license) in respect of the copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income Tax Act, to the Indian concern, or in respect of any

10



15



20




20






10

10



15



20




20






10

10



15



20




20






10

computer software.


f) Royalty income [other than royalties of nature referred to in sub-item (b)(iv)] payable by the Government or an Indian concern in accordance with an agreement made by it with the Government or the Indian concern, and where such agreement is with an Indian concern, the agreement is approved by the Central Government, or where it relates to a matter included in the Government of India's current industrial policy, the agreement is in accordance with-

A. when the agreement is entered into after 31st March 1961, but before 1st April 1976.

B.where the agreement is reached after 31st March 1976



g) Fees for technical services paid by the Government or an Indian concern in accordance with an agreement made by it with the Government or an Indian concern, and where the agreement is with an Indian concern, the agreement is approved by the Central Government, or where it relates to a matter covered by the Government of India's current industrial policy, the agreement is in accordance with that policy—


A. if the agreement is formed after 29th February 1964, but before 1st April 1976.


B.where the agreement is reached after 31st March 1976



Any other income

10









50



10



50










10





40

10









50



10



50










10





40

10









50



10



50










10





40

Section 196B: Income (includes LTCG) from shares of an overseas fund 10 10 10
Section 196C: Income (includes LTCG) from an Indian company's foreign currency bonds or GDR 10 10 10
Section 196D: Foreign Institutional Investors' Income (excluding dividends and capital gains). 20 20 20

 

FAQs Related to the TDS Rates Charts and Tables.

 

What Is TDS?

 

TDS stands for Tax withholding tax. The income earner deducts taxes from the total payment and pays the net amount (excluding taxes).

 

Is Tds Deducted At The Same Rate From All Types Of Income Covered By Tds? 

 

No, TDS will not be deducted from all income covered by TDS for the same amount. There are different TDS rates for each type of income. 

 

Who Is Eligible For Deductions?

 

The deductible is the person responsible for deducting taxes. After deducting the tax, the person who receives the payment is called the taxpayer. 

 

How Can I Make Sure That The Tds Is In The Government?

 

When the TDS is deposited with the government by the payer, the amount of the deposited TDS will be displayed on Form 26AS. In addition, those who are eligible for the deduction are obliged to issue you a TDS certificate. 

 

How often is TDS deducted from my salary? 

 

As per the Income Tax Act, TDS is deducted from your salary at the income tax rate applicable to your income, including your job.

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