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TDS Rate Chart Overview

The document outlines tax deducted at source rates and thresholds for various types of payments in India. Key sections include TDS rates for salary (Section 192), interest, dividends, lottery winnings, professional fees, rent, e-commerce transactions, and cash withdrawals from banks.

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ankitamishra985
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9 views4 pages

TDS Rate Chart Overview

The document outlines tax deducted at source rates and thresholds for various types of payments in India. Key sections include TDS rates for salary (Section 192), interest, dividends, lottery winnings, professional fees, rent, e-commerce transactions, and cash withdrawals from banks.

Uploaded by

ankitamishra985
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

TDS

Sec on No. Nature of Payment Payer Payee Limit Rate Not Applicable to
192 Salary Any person To any Employee - Slab rate -
192A Accumulated Balance in Any person To any Employee <50,000 10% (MMR if no -
PF PAN)
193 Interest on securi es Any person To any resident - 10% Book
194 Dividend Domes c company To any resident - 10% 1. Ind + no cash + <=5K
2. To LIC, GIC or others
3. By SPV to buss Trust
194A Interest other than 1. Any person other To any resident 1. by banks, PO, 10% Book
interest on securi es than Individual, HUF coop –
2. Individual, HUF if LY 40,000(50,000 S)
T/O > 1CR or GR > 50L 2. others – 5,000
194B Winnings from lo ery, Any person To any person <=10,000 30% -
(bade log) word puzzles
194BB Winnings from horse Any person To any person <=10,000 30% -
(bht bade log) races
194C Contract & sub-contracts 1. Any person other To any resident 1. Single Contract 1. Ind/HUF – 1% 1. If contract is for personal
(contract) than Individual, HUF, - 30K 2. Others – 2% purpose for Ind/HUF
AOP, BOI 2. Aggregate – 1L 2. to transporter owing <= 10
2. Individual, HUF, vehicles
AOP, BOI if LY T/O >
1CR or GR > 50L
194D Insurance commission Any person To any resident <=15,000 in FY 5% -
194DA Maturity of Life Insurance Any person To any resident <1,00,000 5% If maturity amount is exempted
(Death A er) Policy
194E Any payment Any person To a NR - 20% + surcharge -
1. Sport Person
(Entertainer) 2. Entertainer (not ci zen) + cess
3. Sport associa on
194G Commission of sale of Any person To any person <=15,000 in FY 5% -
lo ery ckets
194H Other commission & 1. Any person other To any person <=15,000 in FY 5% 1. Paid by BSNL/MTNL
brokerages than Individual, HUF 2. paid for securi es
2. Individual, HUF if LY
T/O > 1CR or GR > 50L
194-I Rent of P&M, 1. Any person other To any resident <=2.4L in FY to a 1. P&M, 1. Refundable Deposits
equipment’s, building, than Individual, HUF person person Equipment – 2%
furniture, & land 2. Individual, HUF if LY 2. Land, Building,
T/O > 1CR or GR > 50L Furniture – 10%
194-IA Transfer of IMP other Any person To any resident < 50L 1% of (Full -
(IMP Acquired) than rural agricultural Considera on or
land SDV) weh
194-IB Rent of IMP Individual, HUF if LY To any resident <=50K per month 5% (to be deducted -
(IMP Bhaade pe) T/O <= 1CR or GR <= in last month of the
50L yr or tenancy)
194-IC Considera on under JDA Any person To any resident - 10% only on -
cash/money
194J 1. Fees for Professional 1. Any person other To any resident <=30,000 p.a. per 1. Call center 1. Individual, HUF if LY T/O > 1CR
Service (FPS) than Individual, HUF nature of payment or GR > 50L for royalty or non-
2. Non-professional
2. Fees for Technical 2. Individual, HUF if LY payment technical service fees compete fees
Services (FTS) T/O > 1CR or GR > 50L No limit for 3. Film royalty 2. Paid for FPS by Individual/ HUF
3. Remunera on to only on FPS & FTS Remunera on for payment for SDE for personal purpose
Directors Directors Then 2%
4. Royalty otherwise 10%
5. Non-compete Fees
194-K Income from Units of Any person To any resident <=5,000 in a PY 10% -
UTI/MF
194LA Compensa on on Any person To any resident <=2,50,000 in a 10% IMP is agricultural land (because it
(Land acquisi on) compulsory acquisi on of PY is exempt)
or (Land LA) IMP
194M 1. Work Pursuance Individual/HUF who To any resident <=50,00,000 5% -
(Mixed sec ons) Contract are not required to
2. Commission/brok deduct TDS u/s 194C,
3. FPS 194H & 194J
194N Cash withdrawn from bank, co-op bank, PO To any person <=1Cr, if excess 1. Return not filed If cash withdrawn by –
(Note) bank, co-op bank, PO then TDS on in last 3 PY 1. Govt (CG/SG)
excess only 20L-1cr = 2% 2. bank, co-op bank, PO & their
Above 1cr = 5% Business Correspondent
2. Others = 2% 3. white label ATM (WLA)Operator
4. CRA & WLA franchise for
replenishing cash
5. Reg Comm agent/trader for APMC
6. Authorized Dealer, FFMC
1940 E-commerce (sale of E-Commerce E-Commerce - 1% on Gross Amt ECP is Ind/HUF + GA<=5L during
(Operator) Goods/ Services) Operator (ECO) Par cipant (ECP) of Sale (GA) PY + furnished PAN/ aadhar
194P TDS by Bank in case of Specified Bank: Resident Individual - Slab rate If even one of the condi ons is not
(Pensioner) senior ci zen Schedule Bank + 5 yrs or more followed
appointed as agent of + receives pension Eg: has separate a/c for pension &
RBI u/s 45 of RBI Act + only interest Interest
income recd. in Has any income other than Int
the same A/c as
pension is recd
194-Q Purchase of goods more Any person whose To any resident <=50L 0.1% only on amt Book
than 50L in a PY last year TO >10Cr (Seller) excess of 50L
194-R Any Perquisite or benefit 1. Any person other To any resident <=20,000 in a PY 10% Book
arising from B/P than Individual, HUF
2. Individual, HUF if LY
T/O > 1CR or GR > 50L

TCS

Sec on No. Nature of Payment Seller Buyer Rate Not Applicable to


206C(1) Sale of Specified Goods 1. Any person other Any person other than Goods Rate Resident buyer if he furnishes a
than Individual, HUF 1. buyer for personal Tendu leaves 5% declara on to the seller that goods
2. Individual, HUF if LY consump on are to be u lized in produc on/
Timber & other 2.5%
T/O > 1CR or GR > 50L 2. Public Sector Co. manufacturing of any ar cle or for
forest Products
3. CG, SG, Embassy, High the purpose of genera on of
Alcoholic Liquor for 1%
comm., Lega on consulate, Human cons power
trade representa on & clubs Scrap 1%
Minerals being coal, 1%
lignite, Iron Ore
206C(1C) Lease or Licensing or t/f 1. Any person other Any person other than 2% Mining & Quarry of “mineral Oil”
of any right or int in any than Individual, HUF public company including petroleum & natural gas
Parking lot, toll plaza, or 2. Individual, HUF if LY
mine or quarry for Buss T/O > 1CR or GR > 50L
206C(1F) Sale of motor vehicle of 1. Any person other Any person other than 1% Sale by manufacturers to dealers/
value >10L per purchase than Individual, HUF 1. Public Sector Co. engaged distributors
2. Individual, HUF if LY in carrying of passengers (Only applicable to final – retail
T/O > 1CR or GR > 50L 2. CG, SG, Embassy, High lever sale)
comm., Lega on consulate,
trade representa on & LA
206C(1G) Foreign remi ance of Authorized dealer Any person other than 5% of amount in excess of Individual who is not a resident in
money more than 7L 1. CG, SG, Embassy, High 7L India u/s 6(1) & 6(1A), & who is
under LRS of RBI comm., Lega on consulate, If amt is out educa on loan visi ng India
trade representa on & LA from FI then 0.5%
Sale of overseas tour Seller of OTPP 5% of sale value
program package (OTPP)
206C(1H) Sale of goods other than Any person whose LY Any person other than 0.1% of considera on in If buyer has deducted TDS under
export & specified T/O > 10Cr 1. CG, SG, Embassy, High excess of 50L any sec on, then TCS not
goods u/s comm., Lega on consulate, PAN or Aadhar not applicable
206C(1)/(1F)/(1G) trade representa on & LA furnished, then 1% TCS applicable only at the me of
2. Person impor ng goods receiving considera on in excess of
into India 50L (no TCS un l considera on <=
3. Other No fied persons 50L)

Common questions

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Section 206C(1C) applies a TCS rate of 2% on the leasing of rights or interests in toll plazas, parking lots, or mines. However, this provision is not applicable if the buyer is a public company. This means leases transferred to private or individual businesses (outside these excluded entities) are subject to this TCS rate .

Section 194P stipulates that banks deduct TDS at slab rates for senior citizens aged 60 or more receiving pensions and interest in the same account at the same bank. This provision applies if the senior citizen does not have other income sources and satisfies the requirement of a specified bank account, ensuring ease of tax compliance for this demographic .

Under Section 194D, TDS is deducted at 5% for insurance commissions if the amount exceeds 15,000 in a financial year . Conversely, Section 194H, covering other commissions and brokerages, applies a 5% TDS on earnings exceeding 15,000, except for payments made by BSNL/MTNL or those for securities transactions . The primary difference is the types of commissions covered; 194D is specific to insurance, while 194H covers broader categories such as general brokerage and other commissions .

Under Section 194-I, TDS on rent is exempted for refundable deposits. The TDS rate differs based on the type of asset: for plant and machinery (P&M) and equipment, the rate is 2%, while for land, building, and furniture, the rate is 10% if the rent payment exceeds the threshold of 2.4 lakhs in a financial year .

TDS is not required on payments to transporters under Section 194C if the transporter's fleet consists of 10 or fewer goods carriages, and they provide a declaration along with their PAN. This exemption facilitates smaller transport operators to operate without the burden of TDS deduction requirements .

Section 194J stipulates that TDS rates on fees for professional services (FPS) and technical services (FTS) are generally 10%. However, for call center payments, the rate is reduced to 2% . Furthermore, this reduced rate applies only if the payments are made by individuals or HUFs with last year's turnover (T/O) exceeding 1 crore or gross receipts (GR) over 50 lakhs .

Section 194-IA mandates that TDS of 1% is deducted on property transactions other than the transfer of rural agricultural land when the consideration or stamp duty value exceeds 50 lakh rupees. This TDS deduction must be made at the time of payment or credit, whichever is earlier .

The TDS rate for winnings from lotteries under Section 194B is 30%. TDS is applicable when the winnings exceed 10,000, at which point the full winnings are subject to the 30% TDS rate .

TCS applies to the sale of minerals such as coal, lignite, or iron ore at a rate of 1% under Section 206C(1). However, TCS is not applicable if the goods are purchased by public sector companies or if the buyer submits a declaration that the goods will be utilized in production or manufacturing of any article or for generating power .

Section 194S requires a 1% TDS on the transfer of virtual digital assets if the aggregate value exceeds 50,000 during the financial year. This rate is distinct because it specifically targets digital assets, a relatively new category distinct from the physical or commonly traded financial instruments covered under other TDS sections [Currently not referenced in provided sources].

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