Contact No
+91-9465331815
+91-9465331815
Contact Email
cayogeshmehra@gmail.com
cayogeshmehra@gmail.com
| Section | Deductee* | Nature of transaction | Threshold Limit (Rs) | TDS Rate |
|---|---|---|---|---|
| 192 | R, NR | Payment of salary | Basic exemption limit of employee | Normal Slab Rates |
| 192 | R, NR | Payment of salary | Basic exemption limit of employee | Normal Slab Rates |
| 192A | R, NR | Premature withdrawal from EPF | 50,000 | 10% Budget 2023: TDS rate for EPF withdrawals without a PAN number is now 20%, from the previous maximum marginal rate |
| 193 | R | Interest on securities | Debentures- 5,000 8% Savings (Taxable) Bonds 2003 or 7.75% Savings (Taxable) Bonds 2018- 10,000 Other securities- No limit |
10% Budget 2023: Exemption of TDS on interest from listed debentures has been removed. Therefore, tax has to be deducted on interest on such specified securities. |
| 194 | R | Payment of any dividend | 5,000 | 10% |
| 194A | R | Interest from other than interest from securities (from deposits with banks/post office/co-operative society) | Senior Citizens- 50,000 Others- 40,000 |
10% |
| 194A | R | Interest from other than interest on securities u/s 193 and interest from banks/post office/co-operative society. For e.g., interest from friends and relatives |
5,000 | 10% |
| 194B | R, NR, FC | Income from lottery winnings, card games, crossword puzzles, and other games of any type | Aggregate income from lottery winnings, card games, crossword puzzles etc- 10,000 Online Gamine- Refer 194BA |
30% |
| 194BA | R, NR, FC | Income from online games | Nil | 30% |
| 194BB | R, NR, FC | Income from horse race winnings | 10,000 Aggregate winnings during a financial year not single transaction |
30% |
| 194C | R | Payment to contractor/sub-contractor:- | Single transaction- 30,000 Aggregate transactions- 1,00,000 |
|
| a) Individuals/HUF | 1% | |||
| b) Other than Individuals/HU | 2% | |||
| 194D | R | Insurance commission to: | ||
| a) Domestic Companies | 15,000 | 10% | ||
| b) Other than companies | 15,000 | 5% | ||
| 194DA | R | Income for the insurance pay-out, while payment of any sum in respect of a life insurance policy. | 1,00,000 | 5% |
| 194E | NR, FC | Payment to non-resident sportsmen/sports association | No limit | 20% *This rate shall be increased by applicable surcharge and 4% cess |
| 194EE | R, NR | Payment of amount standing to the credit of a person under National Savings Scheme (NSS) | 2,500 | 10% |
| 194F | R, NR | Payment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual Fund | No limit | 20% |
| 194G | R, NR, FC | Payments, commission, etc., on the sale of lottery tickets | 15,000 | 5% |
| 194H | R | Commission or brokerage | 15,000 | 5% |
| 194-I | R | Rent: | ||
| 194-I(a) Rent on plant and machinery |
2,40,000 | 2% | ||
| 194-I(b) Rent on land/building/furniture/fitting |
2,40,000 | 10% | ||
| 194-IA | R | Payment in consideration of transfer of certain immovable property other than agricultural land. | 50,00,000 | 1% |
| 194-IB | R | Rent payment by an individual or HUF not covered u/s. 194-I | 50,000 per month | 5% |
| 194-IC | R | Payment under Joint Development Agreements (JDA) to Individual/HUF | No limit | 10 |
| 194J | R | Any sum paid by way of fee for professional services | 30,000 | 10% |
| 194J | R | Any sum paid by way of remuneration/fee/commission to a director | 30,000 | 10% |
| 194J | R | Any sum paid for not carrying out any activity concerning any business; | 30,000 | 10% |
| 194J | R | Any sum paid for not sharing any know-how, patent, copyright, etc. | 30,000 | 10% |
| 194J | R | Any sum paid as a fee for technical services | 30,000 | 2% |
| 194J | R | Any sum paid by way of royalty towards the sale or distribution, or exhibition of cinematographic films | 30,000 | 2% |
| 194J | R | Any sum paid as fees for technical services, but the payee is engaged in the business of operation of the call center. | 30,000 | 2% |
| 194K | R | Payment of any income for units of a mutual fund, for example, dividend | No limit | 10% |
| 194LA | R | Payment in respect of compensation on acquiring certain immovable property | 2,50,000 | 10% |
| 194LB | NR, FC | Payment of interest on infrastructure debt fund to Non-Resident | No limit | 5% *This rate shall be increased by applicable surcharge and 4% cess |
| 194LC | NR, FC | Payment of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or the issue of long-term bonds | No limit | 5% |
| 194LC | NR, FC | Payment of interest for the loan borrowed in foreign currency by an Indian company or business trust against the issue of long-term bonds listed in IFSC | No limit | 4% |
| 194LD | NR, FC | Payment of interest on bond (rupee-denominated) to FII or a QFI | No limit | 5% |
| 194LBA(1) | R | Certain income distributed by a business trust to its unitholder | No limit | 10% |
| 194LBA(2) | NR, FC | Interest income of a business trust from SPV distribution to its unitholders | No limit | 5% |
| 194LBA(2) | NR, FC | Dividend income of a business trust from SPV, in which it holds the entire share capital exempt the capital held by the government, and distribution to its unitholders | No limit | 10% |
| 194LBA(3) | NR | Rental income payment of assets owned by the business trust to the unitholders of such business trust | No limit | 30% |
| 194LBA(3) | FC | Rental income payment of assets owned by the business trust to the unitholders of such business trust | No limit | 40% |
| 194LBB | R, NR | Certain income paid to a unitholder in respect of units of an investment fund | No limit | 10% |
| 194LBB | FC | Certain income paid to a unitholder in respect of units of an investment fund | No limit | 40% |
| 194LBC | R | Income from investment in securitisation fund received to an individual and HUF | No limit | 25% |
| 194LBC | R | Income from investment in securitisation fund received to a domestic company | No limit | 10% |
| 194LBC | FC | Income from investment in securitisation fund received to a foreign company | No limit | 40% |
| 194LBC | NR | Income from investment in securitisation fund received to NRI | No limit | 10% |
| 194M | R | Certain payments by Individual/HUF not liable to deduct TDS under Section 194C, 194H, and 194J | 50,00,000 | 5% |
| 194N | R, NR | Cash withdrawal exceeding a certain amount | Co-operative society: 3 Crore Others: 1 crore |
2% |
| 194N | R, NR | Cash withdrawal in case person not filing ITR for last three years and the original ITR filing due date expired | - 20 lakh to 1 crore -1 crore |
2% 5% *If cash is withdrawn by a co-operative society the limit shall be Rs 3 Crore instead of Rs 1 Crore |
| 194O | R | Payment for the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform. | 5,00,000 | 1% 5% in case PAN is not furnished |
| 194P | R | Payment of pension or interest to specified senior citizens of age 75 years or more | Basic exemption limit of senior citizens or super senior citizens | Normal tax slab rates |
| 194Q | R | Payments for the purchase of goods | 50,00,000 | 0.10% |
| 194R (Refer notes) |
R | Perquisite or benefit to a business or profession | 20,000 | 10% |
| 194S (Refer notes) |
R | TDS on the transfer of virtual digital assets | Specified Persons- 50,000 Others- 10,000 |
1% |
| 195 | NR | Income on investments made by NRI citizen | No limit | 20% |
| 195 | NR | Income by way of LTCG referred to in section 115E in the case of NRI | No limit | 10% |
| 195 | NR, FC | Income by way of LTCG under section 112(1)(c)(iii) | No limit | 10% |
| 195 | NR, FC | Income by way of LTCG under section 112A | No limit | 10% |
| 195 | NR, FC | Income by way of STCG under section 111A | No limit | 15% |
| 195 | NR, FC | Any other income by way of LTCG | No limit | 20% |
| 195 | NR, FC | Interest payable on money borrowed by the government or Indian concern in foreign currency | No limit | 20% |
| 195 | NR, FC | Income from royalty payable by the Indian concern or the government, for the copyright in a subject referred in the first proviso of section 115A or computer software referred to in the second proviso of section 115A | No limit | 10% |
| 195 | NR | Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy | No limit | 10% |
| 195 | FC | Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy If the agreement for such royalty payment is entered in between 31st March 1961 and 1st April 1976 |
No limit | 50% |
| 195 | FC | Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy If the agreement for such royalty payment is entered after 31st March 1976 |
No limit | 10% |
| 195 | NR | Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy | No limit | 10% |
| 195 | FC | Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy If the agreement for such payment is entered in between 29th February 1964 and 1st April 1976 |
No limit | 50% |
| 195 | FC | Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy If the agreement for such payment is entered after 31st March 1976 |
No limit | 10% |
| 195 | NR | Any other income | No limit | 30% |
| 195 | FC | Any other income | No limit | 40% |
| 196B | NR, FC | Income (including LTCG) from units of an offshore fund | No limit | 10% |
| 196C | NR, FC | Income (including LTCG) from foreign currency bonds or GDR of an Indian company | No limit | 10% |
| 196D | NR, FC | Income (excluding dividend and capital gain) from Foreign Institutional Investors. | No limit | 20% |
| 206AB | R | Payment to non-filers, i.e. those who have not filed their income tax return in the last year Budget 2023: Non filers do not include: - People who are not required to file their ITRs - NRs who do not have a PE in India |
No limit | - 2 times the rate given in the Income Tax Act or Finance Act or - 5%, whichever is higher |
| 206AA | R, NR, FC | TDS rate in case of Non availability of PAN | No limit | Rates specified above or 20%, whichever is higher |
