TDS rates Chart for AY 2022-23 for
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 |
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 | 20 | 20 | 20 |
193 | Interest on Securities | - | 10 | 20 | 20 | 20 |
Interest on Debentures | 5,000/- | 10 | 20 | 20 | 20 | |
Any security of the Central or State Government. [i.e. 8 Savings (Taxable) Bonds, 2003 and 7.75 Saving (Taxable) Bonds, 2018] | - | 10 | 20 | 20 | 20 | |
Interest on any other security | - | 10 | 20 | 20 | 20 | |
194 | Dividend | 5,000/- | 10 | 20 | 20 | 20 |
194A | Interest other than 'Interest on securities'. | Sr. Citizen 50,000 Others 40,000/- | 10 | 20 | 20 | 20 |
194B | Winnings from Lotteries / Puzzle / Game | 10,000/- | 30 | 30 | 30 | 30 |
194BB | Winnings from Horse Race | 10,000/- | 30 | 30 | 30 | 30 |
194C | Payment 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 | 1 | 20 | 5 | 20 |
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 | 1 | 20 | 5 | 20 | |
194D | Payment of Insurance Commission (Not applicable, if payment is exempt u/s 10(10D)) | 15,000/- | 5 | 20 | 10 | 20 |
194DA | Payment in respect of life insurance policy | 1,00,000/- | 5 | 20 | 10 | 20 |
194EE | Payment of NSS Deposits | 2,500/- | 10 | 20 | 20 | 20 |
194F | Repurchase of units by Mutual Funds / UTI | - | 20 | 20 | 40 | 40 |
194G | Commission on Sale of Lottery tickets | 15,000/- | 5 | 20 | 10 | 20 |
194H | Commission or Brokerage | 15,000/- | 5 | 20 | 10 | 20 |
194I | Rent of Plant & Machinery | 2,40,000/- | 2 | 20 | 5 | 20 |
Rent of Land or Building or Furniture or Fitting | 2,40,000/- | 10 | 20 | 20 | 20 | |
194IA | Consideration for transfer of an immovable property other than agricultural land | 50 lacs | 1 | 20 | 5 | 20 |
194IB | Payment of rent by individual or HUF not liable to tax audit (w.e.f. 01.06.2017) | 50,000/- per month | 5 | 20 | 10 | 20 |
194IC | Payment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement | - | 10 | 20 | 20 | 20 |
194J | Professional fee / technical services, royalty [call center operator (only business)] | 30,000/- | 2 | 20 | 5 | 20 |
Professional fee / technical services, royalty [other than call center operator (only business)] | 30,000/- | 10 | 20 | 20 | 20 | |
194K | Income in respect of units from mutual fund / administrator / specified company | - | 10 | 20 | 20 | 20 |
194LA | Compensation on acquisition of certain immovable property | 2,50,000/- | 10 | 20 | 20 | 20 |
194LBA(1) | Income distribution by a Business Trust | - | 10 | 20 | 20 | 20 |
194LBB | Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]. | - | 10 | 20 | 20 | 20 |
194LBC | Income distribution by a Securitisation Trust u/s 115TCA | - | 25 | 22 | 25 | 25 |
194M | Payment 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 lacs | 5 | 20 | 10 | 20 |
194N | Cash 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. | - | 2 | 20 | 5 | 20 |
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 | - | 2 | 20 | 5 | 20 | |
If sum of withdrawals during previous year exceeds Rs. 1 crore | - | 5 | 20 | 10 | 20 | |
194O | Payment or credit of amount by the e-commerce operator to e-commerce participant | - | 1 | 20 | 5 | 20 |
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 | 5 | 5 | 30 | 5 |
Any Other Income | - | 10 | 20 | 20 | 20 |
Section | For Payment of | Threshold Limit | TDS Rate % | |||
---|---|---|---|---|---|---|
193 | Interest on Securities | - | 10 | 20 | 20 | 20 |
Interest on Debentures | 5,000/- | 10 | 20 | 20 | 20 | |
Any security of the Central or State Government. [i.e. 8 Savings (Taxable) Bonds, 2003 and 7.75 Saving (Taxable) Bonds, 2018] | - | 10 | 20 | 20 | 20 | |
Interest on any other security | - | 10 | 20 | 20 | 20 | |
194 | Dividend | 5,000/- | 10 | 20 | 20 | 20 |
194A | Interest other than 'Interest on securities'. | 40,000/- | 10 | 20 | 20 | 20 |
194B | Winnings from Lotteries / Puzzle / Game | 10,000/- | 30 | 30 | 30 | 30 |
194BB | Winnings from Horse Race | 10,000/- | 30 | 30 | 30 | 30 |
194C | Payment 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/- | 2 | 20 | 5 | 20 |
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/- | 2 | 20 | 5 | 20 | |
194D | Payment of Insurance Commission | 15,000/- | 5 | 20 | 10 | 20 |
194DA | Payment in respect of life insurance policy (Not applicable, if payment is exempt u/s 10(10D)) | 1,00,000 | 5 | 20 | 10 | 20 |
194EE | Payment of NSS Deposits | 2,500/- | 10 | 20 | 20 | 20 |
194F | Payment in respect of deposit under National Savings scheme | - | 20 | 20 | 40 | 40 |
194G | Commission on Sale of Lottery tickets | 15,000/- | 5 | 20 | 10 | 20 |
194H | Commission or Brokerage | 15,000/- | 5 | 20 | 10 | 20 |
194I | Rent of Plant & Machinery | 2,40,000/- | 2 | 20 | 5 | 20 |
Rent of Land or Building or Furniture or Fitting | 2,40,000/- | 10 | 20 | 20 | 20 | |
194IA | Consideration for transfer of an immovable property other than agricultural land | 50 lacs | 1 | 20 | 5 | 20 |
194IB | Payment of rent by individual or HUF not liable to tax audit | 50,000/- per month | 5 | 20 | 10 | 20 |
194IC | Payment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement | - | 10 | 20 | 20 | 20 |
194J | Professional fee / technical services, royalty [call center operator (only business)] | 30,000/- | 2 | 20 | 5 | 20 |
Professional fee / technical services, royalty [other than call center operator (only business)] | 30,000/- | 10 | 20 | 20 | 20 | |
194K | Income in respect of units from mutual fund / administrator / specified company | - | 10 | 20 | 20 | 20 |
194LA | Compensation on acquisition of certain immovable property | 2,50,000/- | 10 | 20 | 20 | 20 |
194LBA(1) | Income distribution by a Business Trust | - | 10 | 20 | 20 | 20 |
194LBB | Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]. | - | 10 | 20 | 20 | 20 |
194LBC | Income distribution by a Securitisation Trust u/s 115TCA | - | 30 | |||
194M | Payment 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 lacs | 5 | 20 | 10 | 20 |
194N | Cash 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. | - | 2 | 20 | 5 | 20 |
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 | - | 2 | 20 | 5 | 20 | |
If sum of withdrawals during previous year exceeds Rs. 1 crore | - | 5 | 20 | 10 | 20 | |
194O | Payment or credit of amount by the e-commerce operator to e-commerce participant | - | 1 | 20 | 5 | 20 |
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 | 5 | 5 | 30 | 5 |
Any Other Income | - | 10 | 20 | 20 | 20 |
Section | For Payment of | Threshold Limit | TDS Rate % | |||
---|---|---|---|---|---|---|
193 | Interest on Securities | - | 10 | 20 | 20 | 20 |
Interest on Debentures | 5,000/- | 10 | 20 | 20 | 20 | |
Any security of the Central or State Government. [i.e. 8 Savings (Taxable) Bonds, 2003 and 7.75 Saving (Taxable) Bonds, 2018] | - | 10 | 20 | 20 | 20 | |
Interest on any other security | - | 10 | 20 | 20 | 20 | |
194 | Dividend | 5,000/- | 10 | 20 | 20 | 20 |
194A | Interest other than 'Interest on securities'. | 40,000/- | 10 | 20 | 20 | 20 |
194B | Winnings from Lotteries / Puzzle / Game 10,000/- | 30 | 30 | 30 | 30 | |
194BB | Winnings from Horse Race | 10,000/- | 30 | 30 | 30 | 30 |
194C | Payment 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/- | 2 | 20 | 5 | 20 |
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/- | 2 | 20 | 5 | 20 | |
194D | Payment of Insurance Commission | 15,000/- | 10 | 20 | 20 | 20 |
194DA | Payment in respect of life insurance policy (Not applicable, if payment is exempt u/s 10(10D)) | 1,00,000/- | 5 | 20 | 10 | 20 |
194EE | Payment of NSS Deposits | 2,500/- | 10 | 20 | 20 | 20 |
194F | Repurchase of units by Mutual Funds / UTI | - | 20 | 20 | 40 | 40 |
194G | Commission on Sale of Lottery tickets | 15,000/- | 5 | 20 | 10 | 20 |
194H | Commission or Brokerage | 15,000/- | 5 | 20 | 10 | 20 |
194I | Rent of Plant & Machinery | 2,40,000/- | 2 | 20 | 5 | 20 |
Rent of Land or Building or Furniture or Fitting | 2,40,000/- | 10 | 20 | 20 | 20 | |
194IA | Consideration for transfer of an immovable property other than agricultural land | 50 lacs | 1 | 20 | 5 | 20 |
194IC | Payment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement | - | 10 | 20 | 20 | 20 |
194J | Professional fee / technical services, royalty [call center operator (only business)] | 30,000/- | 2 | 20 | 5 | 20 |
Professional fee / technical services, royalty [other than call center operator (only business)] | 30,000/- | 10 | 20 | 20 | 20 | |
194K | Income in respect of units from mutual fund / administrator / specified company | - | 10 | 20 | 20 | 20 |
194LA | Compensation 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/- | 10 | 20 | 20 | 20 |
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. | - | 10 | 20 | 20 | 20 |
194LBB | Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]. | - | 10 | 20 | 20 | 20 |
194LBC | Income distribution by a Securitisation Trust u/s 115TCA | - | 10 | 20 | 20 | 20 |
194M | Payment 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 lacs | 5 | 20 | 10 | 20 |
194N | Cash 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. | - | 2 | 20 | 5 | 20 |
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 | - | 2 | 20 | 5 | 20 | |
If sum of withdrawals during previous year exceeds Rs. 1 crore | - | 5 | 20 | 10 | 20 | |
194O | Payment or credit of amount by the e-commerce operator to e-commerce participant | - | 1 | 20 | 5 | 20 |
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 | 5 | 5 | 30 | 5 |
Any Other Income | - | 10 | 20 | 20 | 20 |
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 | 20 | 20 | 20 |
194B | Winnings from Lotteries / Puzzle / Game | 10,000/- | 30 | 30 | 30 | 30 |
194BB | Winnings from Horse Race | 10,000/- | 30 | 30 | 30 | 30 |
194E | Payment to Non-Resident Sportsmen or Sports Association | - | 20 | 20 | 40 | 40 |
194EE | Payment of NSS Deposits | 2,500/- | 10 | 20 | 20 | 20 |
194F | Repurchase of units by Mutual Funds / UTI | - | 20 | 20 | 40 | 40 |
194G | Commission on Sale of Lottery tickets (On aggregate payments exceeding ₹ 15,000/-) | 15,000/- | 5 | 20 | 10 | 20 |
194LB | Payment of interest on infrastructure debt fund to Non-Resident or foreign company | - | 5 | 20 | 10 | 20 |
194LBA(2) | Payment of the nature referred to in Section 10(23FC)(a) | - | 5 | 20 | 10 | 20 |
Payment of the nature referred to in Section 10(23FC)(b) | - | 10 | 20 | 20 | 20 | |
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 | 20 | 10 | 20 |
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 | 20 | 10 | 20 |
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 | 5 | 5 | 30 | 5 |
195 | Other Payments to Non-Resident | |||||
(a) Income from investment made by a Non-Resident in India Citizen | - | 20 | 20 | 40 | 40 | |
(b) LTCG referred to in Section 115E | - | 10 | 20 | 20 | 20 | |
(c) LTCG referred to in Section 112(1)(c)(iii) | - | 10 | 20 | 20 | 20 | |
(d) LTCG referred to in Section 112A | - | 10 | 20 | 20 | 20 | |
(e) STCG under Section 111A | - | 15 | 20 | 30 | 30 | |
(f) Any other LTCG [not covered by Section 10(33), 10(36) and 10(38)] | - | 20 | 20 | 40 | 40 | |
(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 | 20 | 40 | 40 | |
(h) Royalty for transfer of rights in respect of copyright in any book or computer software referred to in Section 115A(1A). | - | 10 | 20 | 20 | 20 | |
(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 | 20 | 20 | 20 | |
(j) Fees for technical services payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy. | - | 10 | 20 | 20 | 20 | |
(k) Any other income | - | 30 | 30 | 60 | 60 | |
196B | Income from units (including long-term capital gain on transfer of such units) to an offshore fund | - | 10 | 20 | 20 | 20 |
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 | 20 | 20 | 20 |
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 | 30 | 30 | 30 |
194BB | Winnings from Horse Race | 10,000/- | 30 | 30 | 30 | 30 |
194E | Payment to Non-Resident Sportsmen or Sports Association | - | 20 | 20 | 40 | 40 |
194G | Commission on Sale of Lottery tickets | 15,000/- | 5 | 20 | 10 | 20 |
194LB | Payment of interest on infrastructure debt fund to Non-Resident or foreign company | - | 5 | 20 | 10 | 20 |
194LBA(2) | Payment of the nature referred to in Section 10(23FC)(a) | - | 5 | 20 | 10 | 20 |
Payment of the nature referred to in Section 10(23FC)(b) | - | 10 | 20 | 20 | 20 | |
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 | 20 | 10 | 20 |
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 | 20 | 10 | 20 |
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 | 5 | 5 | 30 | 5 |
195 | Other Payments to Foreign Company | |||||
(a) LTCG referred to in Section 112(1)(c)(iii) | - | 10 | 20 | 20 | 20 | |
(b) LTCG referred to in Section 112A | - | 10 | 20 | 20 | 20 | |
(c) STCG under Section 111A | - | 15 | 20 | 30 | 30 | |
(d) Any other LTCG [not covered by Section 10(33), 10(36) and 10(38)] | - | 20 | 20 | 40 | 40 | |
(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 | 20 | 40 | 40 | |
(f) Royalty for transfer of rights in respect of copyright in any book or computer software referred to in Section 115A(1A). | - | 10 | 20 | 20 | 20 | |
(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 | 50 | 100 | 100 | |
(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 | 20 | 20 | 20 | |
(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 | 20 | 20 | 20 | |
(k) Any other income | - | 40 | 40 | 80 | 80 | |
196B | Income from units (including long-term capital gain on transfer of such units) to an offshore fund | - | 10 | 20 | 20 | 20 |
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 | 20 | 20 | 20 |
196D | Income of Foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) | - | 20 |
Surcharge | |
---|---|
Individuals - if income/payment is above ₹50 Lakh but below ₹1 Crore | 10% (of TDS/Tax) |
Individuals - if income/payment is above ₹1 Crore but below ₹2 Crores | 15% (of TDS/Tax) |
Individuals - if income/payment is above ₹2 Crores but below ₹5 Crores | 25% (of TDS/Tax) |
Individuals - if income/payment is above ₹5 Crores | 37% (of TDS/Tax) |
Foreign companies - if income/payment is above ₹1 Crore but below ₹10 Crores | 2% (of TDS/Tax) |
Foreign companies - if income/payment is above ₹10 Crore | 5% (of TDS/Tax) |
Co-operative Society and Firms - if income/payment exceeds ₹1 crore | 12% (of TDS/Tax) |
Health & Education Cess | |
All Non-Residents | 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.
Section | For Payment of Salary and Wages |
---|---|
192 | Criterion 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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