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Home  ❯  Tax  ❯  TDS Rates

TDS Rates : AY 2022-23

TDS Calculator AY 2022-23

TDS rates Chart for AY 2022-23 for

  1. 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.
  2. Payment of Salary and Wages to Resident / Non-resident Individual payees

TDS Rate AY 2022-23 (FY 2021-22): Other than Salary and Wage Payments

The TDS rates will change automatically as per your selections relating to status of the payee, submission of valid PAN as per Section 206AA and Filing of Income Tax return by the payee for past 3 years as per Section 206AB.

Select Payee
Whether PAN submitted as per Sec 206AA
Whether ITR filed for past 3 years as per Sec 206AB

TDS Rates for payments to Resident Individual / Resident HUF

SectionFor Payment ofThreshold LimitTDS Rate %
192APayment of accumulated balance of provident fund which is taxable in the hands of an employee.50,000/-10202020
193Interest on Securities-10202020
Interest on Debentures 5,000/-10202020
Any security of the Central or State Government. [i.e. 8 Savings (Taxable) Bonds, 2003 and 7.75 Saving (Taxable) Bonds, 2018]-10202020
Interest on any other security-10202020
194Dividend5,000/-10202020
194AInterest other than 'Interest on securities'.Sr. Citizen 50,000
Others 40,000/-
10202020
194BWinnings from Lotteries / Puzzle / Game 10,000/-30303030
194BBWinnings from Horse Race 10,000/-30303030
194CPayment to Contractors / sub-contractors (Exceeding ₹ 30,000/- for single payment and ₹ 1,00,000/- for aggregate payment during Fin. Year)30,000 / 1,00,000120520
Payment to transporter not covered u/s 44AE (Exceeding ₹ 30,000/- for single payment and ₹ 75,000/- for aggregate payment during Fin. Year)30,000 / 75,000120520
194DPayment of Insurance Commission (Not applicable, if payment is exempt u/s 10(10D))15,000/-5201020
194DAPayment in respect of life insurance policy1,00,000/-5201020
194EEPayment of NSS Deposits2,500/-10202020
194FRepurchase of units by Mutual Funds / UTI -20204040
194GCommission on Sale of Lottery tickets15,000/-5201020
194HCommission or Brokerage15,000/-5201020
194IRent of Plant & Machinery2,40,000/-220520
Rent of Land or Building or Furniture or Fitting2,40,000/-10202020
194IAConsideration for transfer of an immovable property other than agricultural land 50 lacs120520
194IBPayment of rent by individual or HUF not liable to tax audit (w.e.f. 01.06.2017) 50,000/- per month5201020
194ICPayment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement-10202020
194JProfessional fee / technical services, royalty [call center operator (only business)]30,000/-220520
Professional fee / technical services, royalty [other than call center operator (only business)]30,000/-10202020
194KIncome in respect of units from mutual fund / administrator / specified company-10202020
194LACompensation on acquisition of certain immovable property2,50,000/-10202020
194LBA(1)Income distribution by a Business Trust-10202020
194LBBInvestment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].-10202020
194LBCIncome distribution by a Securitisation Trust u/s 115TCA-25222525
194MPayment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J.50 lacs5201020
194NCash withdrawal during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office, if sum of withdrawals during the previous year exceeds Rs. 20 lakhs. -220520
For persons who have not filed return of income (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired, the deduction of tax shall be at the rate of:
If sum of withdrawals during previous year exceeds Rs. 20 lakhs-220520
If sum of withdrawals during previous year exceeds Rs. 1 crore-5201020
194OPayment or credit of amount by the e-commerce operator to e-commerce participant-120520
194PIn 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.
194QBuyer (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 lacs55305
Any Other Income-10202020

TDS Rates for payments to Resident Firm / Co-operative / Local Authority

SectionFor Payment ofThreshold LimitTDS Rate %
193Interest on Securities-10202020
Interest on Debentures 5,000/-10202020
Any security of the Central or State Government. [i.e. 8 Savings (Taxable) Bonds, 2003 and 7.75 Saving (Taxable) Bonds, 2018]-10202020
Interest on any other security-10202020
194Dividend5,000/-10202020
194AInterest other than 'Interest on securities'.40,000/-10202020
194BWinnings from Lotteries / Puzzle / Game 10,000/-30303030
194BBWinnings from Horse Race10,000/-30303030
194CPayment to Contractors/sub-contractors (Exceeding ₹ 30,000/- for single payment and ₹ 1,00,000/- for aggregate payment during Fin. Year)30,000 / 1,00,000/-220520
Payment to transporter not covered u/s 44AE (Exceeding ₹ 30,000/- for single payment and ₹ 75,000/- for aggregate payment during Fin. Year)30,000 / 75,000/-220520
194DPayment of Insurance Commission 15,000/-5201020
194DAPayment in respect of life insurance policy (Not applicable, if payment is exempt u/s 10(10D))1,00,0005201020
194EEPayment of NSS Deposits2,500/-10202020
194FPayment in respect of deposit under National Savings scheme-20204040
194GCommission on Sale of Lottery tickets15,000/-5201020
194HCommission or Brokerage15,000/-5201020
194IRent of Plant & Machinery2,40,000/-220520
Rent of Land or Building or Furniture or Fitting2,40,000/-10202020
194IAConsideration for transfer of an immovable property other than agricultural land50 lacs120520
194IBPayment of rent by individual or HUF not liable to tax audit50,000/- per month5201020
194ICPayment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement-10202020
194JProfessional fee / technical services, royalty [call center operator (only business)]30,000/-220520
Professional fee / technical services, royalty [other than call center operator (only business)]30,000/-10202020
194KIncome in respect of units from mutual fund / administrator / specified company-10202020
194LACompensation on acquisition of certain immovable property2,50,000/-10202020
194LBA(1)Income distribution by a Business Trust-10202020
194LBBInvestment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].-10202020
194LBCIncome distribution by a Securitisation Trust u/s 115TCA-30
194MPayment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J.50 lacs5201020
194NCash withdrawal during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office, if sum of withdrawals during the previous year exceeds Rs. 20 lakhs. -220520
For persons who have not filed return of income (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired, the deduction of tax shall be at the rate of:
If sum of withdrawals during previous year exceeds Rs. 20 lakhs-220520
If sum of withdrawals during previous year exceeds Rs. 1 crore-5201020
194OPayment or credit of amount by the e-commerce operator to e-commerce participant-120520
194PIn 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.
194QBuyer (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 lacs55305
Any Other Income-10202020

TDS Rates for payments to Domestic Company

SectionFor Payment ofThreshold LimitTDS Rate %
193Interest on Securities-10202020
Interest on Debentures 5,000/-10202020
Any security of the Central or State Government. [i.e. 8 Savings (Taxable) Bonds, 2003 and 7.75 Saving (Taxable) Bonds, 2018]-10202020
Interest on any other security-10202020
194Dividend5,000/-10202020
194AInterest other than 'Interest on securities'.40,000/-10202020
194BWinnings from Lotteries / Puzzle / Game
10,000/-
30303030
194BBWinnings from Horse Race10,000/-30303030
194CPayment to Contractors/sub-contractors (Exceeding ₹ 30,000/- for single payment and ₹ 1,00,000/- for aggregate payment during Fin. Year)30,000 / 1,00,000/-220520
Payment to transporter not covered u/s 44AE (Exceeding ₹ 30,000/- for single payment and ₹ 75,000/- for aggregate payment during Fin. Year)30,000 / 75,000/-220520
194DPayment of Insurance Commission 15,000/-10202020
194DAPayment in respect of life insurance policy (Not applicable, if payment is exempt u/s 10(10D))1,00,000/-5201020
194EEPayment of NSS Deposits2,500/-10202020
194FRepurchase of units by Mutual Funds / UTI-20204040
194GCommission on Sale of Lottery tickets15,000/-5201020
194HCommission or Brokerage15,000/-5201020
194IRent of Plant & Machinery2,40,000/-220520
Rent of Land or Building or Furniture or Fitting2,40,000/-10202020
194IAConsideration for transfer of an immovable property other than agricultural land50 lacs120520
194ICPayment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement-10202020
194JProfessional fee / technical services, royalty [call center operator (only business)] 30,000/-220520
Professional fee / technical services, royalty [other than call center operator (only business)] 30,000/-10202020
194KIncome in respect of units from mutual fund / administrator / specified company-10202020
194LACompensation on acquisition of certain immovable property
No deduction of tax if payment is exempt from income-tax under Right to Fair Compensation Act, 2013.
2,50,000/-10202020
194LBA(1)Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.-10202020
194LBBInvestment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].-10202020
194LBCIncome distribution by a Securitisation Trust u/s 115TCA-10202020
194MPayment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J.50 lacs5201020
194NCash withdrawal during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office, if sum of withdrawals during the previous year exceeds Rs. 20 lakhs.-220520
For persons who have not filed return of income (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired, the deduction of tax shall be at the rate of:
If sum of withdrawals during previous year exceeds Rs. 20 lakhs-220520
If sum of withdrawals during previous year exceeds Rs. 1 crore-5201020
194OPayment or credit of amount by the e-commerce operator to e-commerce participant-120520
194PIn 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.
194QBuyer (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 lacs55305
Any Other Income-10202020

TDS Rates for payments to Non-Resident (Other than Foreign Company)

SectionFor Payment ofThreshold LimitTDS Rate %
192APayment of accumulated balance of provident fund which is taxable in the hands of an employee.50,000/-10202020
194BWinnings from Lotteries / Puzzle / Game10,000/-30303030
194BBWinnings from Horse Race10,000/-30303030
194EPayment to Non-Resident Sportsmen or Sports Association-20204040
194EEPayment of NSS Deposits2,500/-10202020
194FRepurchase of units by Mutual Funds / UTI-20204040
194GCommission on Sale of Lottery tickets
(On aggregate payments exceeding ₹ 15,000/-)
15,000/-5201020
194LBPayment of interest on infrastructure debt fund to Non-Resident or foreign company-5201020
194LBA(2)Payment of the nature referred to in Section 10(23FC)(a)-5201020
Payment of the nature referred to in Section 10(23FC)(b)-10202020
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 115TCA-30
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)-5201020
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
194LDPayment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor-5201020
194PIn 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.
194QBuyer (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 lacs55305
195Other Payments to Non-Resident
(a) Income from investment made by a Non-Resident in India Citizen-20204040
(b) LTCG referred to in Section 115E-10202020
(c) LTCG referred to in Section 112(1)(c)(iii)-10202020
(d) LTCG referred to in Section 112A-10202020
(e) STCG under Section 111A-15203030
(f) Any other LTCG [not covered by Section 10(33), 10(36) and 10(38)]-20204040
(g) Interest Income on moneys borrowed or debt incurred in foreign currency (not being interest referred to in Sec. 194LB or 194LC or 194LD)-20204040
(h) Royalty for transfer of rights in respect of copyright in any book or computer software referred to in Section 115A(1A).-10202020
(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.-10202020
(j) Fees for technical services payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy.-10202020
(k) Any other income-30306060
196BIncome from units (including long-term capital gain on transfer of such units) to an offshore fund-10202020
196CIncome from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)-10202020
196DIncome of Foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)-20

TDS Rates for payments to Non-Resident Corporate (Foreign Company)

SectionFor Payment ofThreshold LimitTDS Rate %
194BWinnings from Lotteries / Puzzle / Game 10,000/-30303030
194BBWinnings from Horse Race10,000/-30303030
194EPayment to Non-Resident Sportsmen or Sports Association-20204040
194GCommission on Sale of Lottery tickets15,000/-5201020
194LBPayment of interest on infrastructure debt fund to Non-Resident or foreign company-5201020
194LBA(2)Payment of the nature referred to in Section 10(23FC)(a)-5201020
Payment of the nature referred to in Section 10(23FC)(b)-10202020
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 115TCA-40
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)-5201020
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
194LDPayment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor-5201020
194PIn 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.
194QBuyer (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 lacs55305
195Other Payments to Foreign Company
(a) LTCG referred to in Section 112(1)(c)(iii)-10202020
(b) LTCG referred to in Section 112A-10202020
(c) STCG under Section 111A-15203030
(d) Any other LTCG [not covered by Section 10(33), 10(36) and 10(38)]-20204040
(e) Interest Income on moneys borrowed or debt incurred in foreign currency (not being interest referred to in Sec. 194LB or 194LC or 194LD)-20204040
(f) Royalty for transfer of rights in respect of copyright in any book or computer software referred to in Section 115A(1A).-10202020
(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, 1976-5050100100
(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, 1976-10202020
(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, 1976-10202020
(k) Any other income-40408080
196BIncome from units (including long-term capital gain on transfer of such units) to an offshore fund-10202020
196CIncome from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)-10202020
196DIncome of Foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)-20

* Applicable Surcharge & Cess Rates for Non-Residents

Surcharge
Individuals - if income/payment is above ₹50 Lakh but below ₹1 Crore10% (of TDS/Tax)
Individuals - if income/payment is above ₹1 Crore but below ₹2 Crores15% (of TDS/Tax)
Individuals - if income/payment is above ₹2 Crores but below ₹5 Crores25% (of TDS/Tax)
Individuals - if income/payment is above ₹5 Crores37% (of TDS/Tax)
Foreign companies - if income/payment is above ₹1 Crore but below ₹10 Crores2% (of TDS/Tax)
Foreign companies - if income/payment is above ₹10 Crore5% (of TDS/Tax)
Co-operative Society and Firms - if income/payment exceeds ₹1 crore12% (of TDS/Tax)
Health & Education Cess
All Non-Residents4% (of TDS/Tax + Surcharge)

Important :

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:

  1. at twice the rate specified in the relevant provision of the Act; or
  2. at twice the rate or rates in force; or
  3. at the rate of five per cent.

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.


TDS Rates AY 2022-23 for Salary and Wage Payments to Individuals

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.

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Updated : Apr 06, 2021