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TDS Rates : FY 2020-21 (AY 2021-22)
for Non-residents

TDS rates for AY 2021-22 for

  1. Payment of Salary and Wages to Resident and Non-resident Individual payees
  2. Payments other than Salary and Wages to Resident Individual, Resident HUF, Resident Firm / Co-operative, Domestic Company, Non-resident (Other than Foreign Company) and Foreign Company in a user friendly format.
SectionFor Payment of Salary and Wages
192Criterion of Deduction : TDS to be deducted if the estimated income of the employee is taxable. No tax is required to be deducted at source if the estimated total income of the employee is less than the minimum taxable income.

Payee : Individual ( Resident / Non-Resident )

TDS Rate :Income Tax, Surcharge and Education Cess as per rates applicable on the estimated income of employee for the year.

TDS Rates AY 2021-22 for Other than Salary and Wage Payments to Non Resident

SectionFor Payment ofTDS Rate
192APayment of accumulated balance of provident fund exceeding ₹ 50,000/- which is taxable in the hands of an employee.10%
194BWinnings from Lotteries / Puzzle / Game
( On aggregate payments exceeding ₹ 10,000/- )
30%
194BBWinnings from Horse Race
( On aggregate payments exceeding ₹ 10,000/- )
30%
194EPayment to Non-Resident Sportsmen or Sports Association20%
194EEPayment of NSS Deposits
( On aggregate payments exceeding ₹ 2,500/- during the year )
10%
194FRepurchase of units by Mutual Funds / UTI
( No minimum payment )
20%
194GCommission on Sale of Lottery tickets
( On aggregate payments exceeding ₹ 15,000/- )
5%
194LBPayment of interest on infrastructure debt fund to Non-Resident or foreign company5%
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%
194LBBInvestment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].30%
194LBCIncome distribution by a Securitisation Trust u/s 115TCA30%
194LCPayment 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 IFSC4%
194LDPayment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor5%
195Other Payments to Non-Resident / Foreign Company
(a) Income from investment made by a Non-Resident Indian Citizen20%
(b) LTCG referred to in Section 115E10%
(c) LTCG referred to in Section 112(1)(c)(iii)10%
(d) LTCG referred to in Section 112A10%
(e) STCG under Section 111A15%
(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 income30%
196BIncome from units (including long-term capital gain on transfer of such units) to an offshore fund10%
196CIncome from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)10%
196DIncome of Foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)20%
SectionFor Payment ofTDS Rate
194BWinnings from Lotteries / Puzzle / Game
( On aggregate payments exceeding ₹ 10,000/- )
30%
194BBWinnings from Horse Race
( On aggregate payments exceeding ₹ 10,000/- )
30%
194EPayment to Non-Resident Sportsmen or Sports Association20%
194GCommission on Sale of Lottery tickets
( On aggregate payments exceeding ₹ 15,000/- )
5%
194LBPayment of interest on infrastructure debt fund to Non-Resident or foreign company5%
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%
194LBBInvestment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].40%
194LBCIncome distribution by a Securitisation Trust u/s 115TCA40%
194LCPayment 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 IFSC4%
194LDPayment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor5%
195Other Payments to Non-Resident / Foreign Company
(a) LTCG referred to in Section 112(1)(c)(iii)10%
(b) LTCG referred to in Section 112A10%
(c) STCG under Section 111A15%
(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, 197650%
(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, 197610%
(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, 197650%
(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, 197610%
(k) Any other income40%
196BIncome from units (including long-term capital gain on transfer of such units) to an offshore fund10%
196CIncome from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)10%
196DIncome of Foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)20%

All persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain Tax Deduction or Tax Collection Account Number (TAN).

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Updated : June 8, 2020
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