TDS Rate Charts for the FY 2023-24
Sec on Nature of transac on TDS Rate
192 Payment of salary Normal Slab Rates
With PAN: 10%
192A Premature withdrawal from EPF
Without PAN: 20%
193 Interest on securi es 10%
194 Payment of any dividend 10%
Interest other than interest from securi es
(from deposits with banks/post office/co-
194A opera ve society) 10%
Interest from banks/post office/co-opera ve
society
Income from lo ery winnings, card games,
194B 30%
crossword puzzles etc.
194BA Income from online games 30%
194BB Income from horse race winnings 30%
Payment to contractor/sub-contractor:-
194C a) Individuals/HUF 1%
b) Other than Individuals/HU 2%
Insurance commission to:
194D a) Domes c Companies 10%
b) Other than companies 5%
Insurance pay-out in respect of a life insurance
194DA 5%
policy
Payment to non-resident sportsmen/sports
194E 20% + surcharge + 4% cess
associa on
Payment of amount standing to the credit of a
194EE 10%
person under Na onal Savings Scheme (NSS)
Payment for the repurchase of the unit by Unit Trust
194F 20%
of India (UTI) or a Mutual Fund
Payments, commission, etc., on the sale of lo ery
194G 5%
ckets
194H Commission or brokerage 5%
Rent:
194-I 194-I(a) Rent on plant and machinery 2%
194-I(b) Rent on land/building/furniture/fi ng 10%
Payment in considera on of transfer of certain
194-IA 1%
immovable property other than agricultural land.
Rent payment by an individual or HUF not covered
194-IB 5%
u/s. 194-I
Payment under Joint Development Agreements
194-IC 10
(JDA) to Individual/HUF
194J Any sum paid by way of fee for professional services 10%
Any sum paid by way of
194J 10%
remunera on/fee/commission to a director
Any sum paid for not carrying out any ac vity
194J 10%
concerning any business;
Any sum paid for not sharing any know-how, patent,
194J 10%
copyright, etc.
194J Any sum paid as a fee for technical services 2%
Any sum paid by way of royalty towards the sale or
194J 2%
distribu on, or exhibi on of cinematographic films
Any sum paid as fees for technical services, but the
194J payee is engaged in the business of opera on of the 2%
call center.
Payment of any income for units of a mutual fund,
194K 10%
for example, dividend
Payment in respect of compensa on on acquiring
194LA 10%
certain immovable property
Payment of interest on infrastructure debt fund to
194LB
Non-Resident 5% + surcharge + 4% cess
Payment of interest for the loan borrowed in foreign
currency by an Indian company or business trust
194LC 5%
against loan agreement or the issue of long-term
bonds
Payment of interest for the loan borrowed in foreign
194LC currency by an Indian company or business trust 4%
against the issue of long-term bonds listed in IFSC
Payment of interest on bond (rupee-denominated)
194LD 5%
to FII or a QFI
Certain income distributed by a business trust to its
194LBA(1) 10%
unitholder
Interest income of a business trust from SPV
194LBA(2) 5%
distribu on to its unitholders
Dividend income of a business trust from SPV, in
which it holds the en re share capital exempt the
194LBA(2) 10%
capital held by the government, and distribu on to
its unitholders
Rental income payment of assets owned by the
194LBA(3) business trust to the unitholders of such business 30%
trust
Rental income payment of assets owned by the
194LBA(3) business trust to the unitholders of such business 40%
trust
Certain income paid to a unitholder in respect of
194LBB 10%
units of an investment fund
Certain income paid to a unitholder in respect of
194LBB 40%
units of an investment fund
Income from investment in securi sa on fund
194LBC 25%
received to an individual and HUF
Income from investment in securi sa on fund
194LBC 10%
received to a domes c company
Income from investment in securi sa on fund
194LBC 40%
received to a foreign company
Income from investment in securi sa on fund
194LBC 10%
received to NRI
Certain payments by Individual/HUF not liable to
194M 5%
deduct TDS under Sec on 194C, 194H, and 194J
Cash withdrawal from a banking company, co-
opera ve society engaged in the business of 2%
banking or a post office:
Filed ITR during the last three years and cash
2%
withdrawal exceeds Rs 3 crore
194N
In case person has not filed ITR for the last three
years
- total cash withdrawn is more than ₹20 lacs - 2%
and up to ₹3 Crore in a FY - 5%
- total cash withdrawn is more than ₹3 Crore is
a financial year
Payment for the sale of goods or provision of
1%
194O services by the e-commerce operator through its
5% in case PAN is not furnished
digital or electronic facility or pla orm.
Payment of pension or interest to specified senior
194P Normal tax slab rates
ci zens of age 75 years or more
194Q Payments for the purchase of goods 0.10%
194R Perquisite or benefit to a business or profession 10%
194S TDS on the transfer of virtual digital assets 1%
195 Income on investments made by NRI ci zen 20%
Income by way of LTCG referred to in sec on 115E in
195 10%
the case of NRI
195 Income by way of LTCG under sec on 112(1)(c)(iii) 10%
195 Income by way of LTCG under sec on 112A 10%
195 Income by way of STCG under sec on 111A 15%
195 Any other income by way of LTCG 20%
Interest payable on money borrowed by the
195 20%
government or Indian concern in foreign currency
Income from royalty payable by the Indian concern
or the government, for the copyright in a subject
195 referred in the first proviso of sec on 115A or 10%
computer so ware referred to in the second proviso
of sec on 115A
Income from royalty payable by government or
195 Indian concern in pursuance of an agreement on 10%
ma ers included in the industrial policy
Income from royalty payable by government or
Indian concern in pursuance of an agreement on
ma ers included in the industrial policy
195 50%
If the agreement for such royalty payment is entered
in between 31st March 1961 and 1st April 1976
Income from royalty payable by government or
Indian concern in pursuance of an agreement on
ma ers included in the industrial policy
195 10%
If the agreement for such royalty payment is entered
a er 31st March 1976
Income from technical fees payable by government
195 or Indian concern in pursuance of an agreement on 10%
ma ers related to industrial policy
Income from technical fees payable by government
or Indian concern in pursuance of an agreement on
ma ers related to industrial policy
195 50%
If the agreement for such payment is entered in
between 29th February 1964 and 1st April 1976
Income from technical fees payable by government
or Indian concern in pursuance of an agreement on
ma ers related to industrial policy
195 10%
If the agreement for such payment is entered a er
31st March 1976
195 Any other income 30%
195 Any other income 40%
Income (including LTCG) from units of an offshore
196B 10%
fund
Income (including LTCG) from foreign currency
196C 10%
bonds or GDR of an Indian company
Income (excluding dividend and capital gain) from
196D 20%
Foreign Ins tu onal Investors.
Payment to non-filers, i.e. those who have not filed
their income tax return in the last year
206AB Budget 2023:
Non filers do not include: - 2 mes the rate given in the Income Tax Act or
Finance Act or
- People who are not required to file their ITRs
- 5%, whichever is higher
- NRs who do not have a PE in India
206AA TDS rate in case of Non availability of PAN Rates specified above or 20%, whichever is higher