Non-Residents : TDS Calculator AY 2022-23
TDS rates for AY 2022-23 for
| Section | For Payment of | Threshold Limit | TDS Rate |
|---|---|---|---|
| 192A | Payment of accumulated balance of provident fund which is taxable in the hands of an employee. | 50,000/- | 10% |
| 194B | Winnings from Lotteries / Puzzle / Game | 10,000/- | 30% |
| 194BB | Winnings from Horse Race | 10,000/- | 30% |
| 194E | Payment to Non-Resident Sportsmen or Sports Association | - | 20% |
| 194EE | Payment of NSS Deposits | 2,500/- | 10% |
| 194F | Repurchase of units by Mutual Funds / UTI | - | 20% |
| 194G | Commission on Sale of Lottery tickets (On aggregate payments exceeding ₹ 15,000/-) | 15,000/- | 5% |
| 194LB | Payment of interest on infrastructure debt fund to Non-Resident or foreign company | - | 5% |
| 194LBA(2) | Payment of the nature referred to in Section 10(23FC)(a) | - | 5% |
| Payment of the nature referred to in Section 10(23FC)(b) | - | 10% | |
| 194LBA(3) | Income distribution by a Investment Fund received from renting or leasing or letting out any real estate asset. | - | 30% |
| 194LBB | Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]. | - | 30% |
| 194LBC | Income distribution by a Securitisation Trust u/s 115TCA | - | 30% |
| 194LC | Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond) | - | 5% |
| In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC | - | 4% | |
| 194LD | Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor | - | 5% |
| 194P | In case of a specified senior citizen (aged above 75 years and having income of the nature of pension and no other income except the income of the nature of interest), the specified bank shall, after giving effect to the deduction allowable under Chapter VI-A and rebate allowable under section 87A, compute the total income of such specified senior citizen for the relevant assessment year and deduct income-tax on such total income on the basis of the rates in force. | ||
| 194Q | Buyer (whose total sales, gross receipts or turnover from the business carried on by him exceed 10 crore rupees during immediately preceding the financial year) of Goods more than 50 lacs. (Please refer section for more details) | 50 lacs | .1% |
| 195 | Other Payments to Non-Resident | ||
| (a) Income from investment made by a Non-Resident in India Citizen | - | 20% | |
| (b) LTCG referred to in Section 115E | - | 10% | |
| (c) LTCG referred to in Section 112(1)(c)(iii) | - | 10% | |
| (d) LTCG referred to in Section 112A | - | 10% | |
| (e) STCG under Section 111A | - | 15% | |
| (f) Any other LTCG [not covered by Section 10(33), 10(36) and 10(38)] | - | 20% | |
| (g) Interest Income on moneys borrowed or debt incurred in foreign currency (not being interest referred to in Sec. 194LB or 194LC or 194LD) | - | 20% | |
| (h) Royalty for transfer of rights in respect of copyright in any book or computer software referred to in Section 115A(1A). | - | 10% | |
| (i) Royalty [not of the nature referred to in (g) above] payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy. | - | 10% | |
| (j) Fees for technical services payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy. | - | 10% | |
| (k) Any other income | - | 30% | |
| 196B | Income from units (including long-term capital gain on transfer of such units) to an offshore fund | - | 10% |
| 196C | Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) | - | 10% |
| 196D | Income of Foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) | - | 20% |
| Section | For Payment of | Threshold Limit | TDS Rate |
|---|---|---|---|
| 194B | Winnings from Lotteries / Puzzle / Game | 10,000/- | 30% |
| 194BB | Winnings from Horse Race | 10,000/- | 30% |
| 194E | Payment to Non-Resident Sportsmen or Sports Association | - | 20% |
| 194G | Commission on Sale of Lottery tickets | 15,000/- | 5% |
| 194LB | Payment of interest on infrastructure debt fund to Non-Resident or foreign company | - | 5% |
| 194LBA(2) | Payment of the nature referred to in Section 10(23FC)(a) | - | 5% |
| Payment of the nature referred to in Section 10(23FC)(b) | - | 10% | |
| 194LBA(3) | Income distribution by a Investment Fund received from renting or leasing or letting out any real estate asset. | - | 40% |
| 194LBB | Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]. | - | 40% |
| 194LBC | Income distribution by a Securitisation Trust u/s 115TCA | - | 40% |
| 194LC | Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond) | - | 5% |
| In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC | - | 4% | |
| 194LD | Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor | - | 5% |
| 194P | In case of a specified senior citizen (aged above 75 years and having income of the nature of pension and no other income except the income of the nature of interest), the specified bank shall, after giving effect to the deduction allowable under Chapter VI-A and rebate allowable under section 87A, compute the total income of such specified senior citizen for the relevant assessment year and deduct income-tax on such total income on the basis of the rates in force. | ||
| 194Q | Buyer (whose total sales, gross receipts or turnover from the business carried on by him exceed 10 crore rupees during immediately preceding the financial year) of Goods more than 50 lacs. (Please refer section for more details) | 50 lacs | .1% |
| 195 | Other Payments to Foreign Company | ||
| (a) LTCG referred to in Section 112(1)(c)(iii) | - | 10% | |
| (b) LTCG referred to in Section 112A | - | 10% | |
| (c) STCG under Section 111A | - | 15% | |
| (d) Any other LTCG [not covered by Section 10(33), 10(36) and 10(38)] | - | 20% | |
| (e) Interest Income on moneys borrowed or debt incurred in foreign currency (not being interest referred to in Sec. 194LB or 194LC or 194LD) | - | 20% | |
| (f) Royalty for transfer of rights in respect of copyright in any book or computer software referred to in Section 115A(1A). | - | 10% | |
| (g) Royalty [not of the nature referred to in (g) above] payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy. Agreement date after March 31, 1961 but before April 1, 1976 | - | 50% | |
| (h) Royalty [not of the nature referred to in (g) above] payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy. Agreement date after March 31, 1976 | - | 10% | |
| (i) Fees for technical services payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy. Agreement date after Feb. 29, 1964 but before April 1, 1976 | - | 50% | |
| (j) Fees for technical services payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy.Agreement date after March 31, 1976 | - | 10% | |
| (k) Any other income | - | 40% | |
| 196B | Income from units (including long-term capital gain on transfer of such units) to an offshore fund | - | 10% |
| 196C | Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) | - | 10% |
| 196D | Income of Foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) | - | 20% |
| Non Resident - if income/payment is above ₹50 Lakh but below ₹1 Crore | 10% |
| Non Resident - if income/payment is above ₹1 Crore but below ₹2 Crores | 15% |
| Non Resident - if income/payment is above ₹2 Crores but below ₹5 Crores | 25% |
| Non Resident - if income/payment is above ₹5 Crores | 37% |
| Foreign companies - if income/payment is above ₹1 Crore but below ₹10 Crores | 2% |
| Foreign companies - if income/payment is above ₹10 Crore | 5% |
| Non-Resident Co-operative Society and Firms - if income/payment exceeds ₹1 crore | 12% |
| Health & Education Cess | 4% of (TDS/Tax + Surcharge) |
Section 206AA - As per this section if the deductee does not provide valid PAN to the deductor, TDS shall be deducted at higher of the following rates:
Section 206AB - As per this section if deductee has NOT filed Income Tax return during past 3 years, for payments under Sections other than Sections 192, 192A, 194B, 194BB, 194LBC or 194N, the tax shall be deducted at higher of the following rates:
If the provisions of section 206AA is applicable to a specified person, in addition to the provision of this section, the tax shall be deducted at higher of the two rates provided in this section and in section 206AA.
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