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TDS / TCS Chart for FY 2024-25
RATES OF TAX DEDUCTED AT SOURCE (TDS)
PAYMENTS TO RESIDENT
Having PAN
No Return for last
Return Filed
ONE year
Co. / Firm Indivi./ Co. / Firm Indivi./ NO
Nature of Payment Threshold
Section / Co-Op. HUF / Co-Op. HUF PAN
(Section Description) (Rs.)
Soc. / Soc./
Local Local
Authority Authority
Rate (%) Rate (%) Rate (%) Rate (%) Rate (%)
20 or
192 Salary 2,50,000 NA Note - 1 NA Note - 1
Higher
194 Dividend 5,000 10 10 20 20 20
Interest other than interest on
securities
Non-Banking 5,000 10 10 20 20 20
194A
Banks
Senior Citizen 50,000 10 10 20 20 20
Other than Senior Citizen 40,000 10 10 20 20 20
Payment to Contractors
(Other than Transporter)
I. Payment to Contractor - Single
30,000 2 1 5 5 20
Transaction
II. Payment to Contractor -
1,00,000 2 1 5 5 20
194C Aggregate During the F.Y.
Payment to Transporter
(See Note 2)
I. Transporter - Single Transaction 30,000 - - 5 5 20
II. Transporter - Aggregate During
1,00,000 - - 5 5 20
the F.Y.
194D Insurance Commission 15,000 5 5 10 10 20
Commission / Upto 30.09.2024 5 5 10 10 20
194H 15,000
Brokerage From 01.10.2024 2 2 5 5 20
RENT
194I I. Land and Building 2,40,000 10 10 20 20 20
II. Plant / Machinery 2,40,000 2 2 5 5 20
On Payment for purchase of
immovable property other than non-
194IA taxable agriculture land if Dastavej 50,00,000 1 1 1 1 20
value OR stamp duty value is more
than
Payment of Rent
by Individual / Upto 30.09.2024 5 5 5 5 20
50,000 per
194IB HUF other than
month
covered under From 01.10.2024 2 2 2 2 20
44AB
Payment of Consideration to
194IC Landowners under Development No Limit 10 10 20 20 20
Agreement
CMA Reshma Indurkar
.
Having PAN
No Return for last
Return Filed
ONE year NO
Nature of Payment Threshold Co. / Firm / Indivi./ Co. / Firm / Indivi./
Section PAN
(Section Description) (Rs.) Co-Op. Soc. HUF Co-Op. HUF
/ Local Soc./ Local
Authority Authority
Rate (%) Rate (%) Rate (%) Rate (%) Rate (%)
Professional Fees (incl. Royalty,
Software etc.)
I. Payment to Directors other than
No Limit 10 10 20 20 20
194J salary
II. Payment to Call Centres 30,000 2 2 5 5 20
III. Payment for Technical Service 30,000 2 2 5 5 20
IV. Payment to Others 30,000 10 10 20 20 20
Payment by Ind or
HUF (Non-Audit) Upto 30.09.2024 5 5 5 5 20
194M for Contract, 50,00,000
Commission and
Professional fees From 01.10.2024 2 2 2 2 20
TDS on cash withdrawals by Bank,
Post office or Co-operative society
in banking fields
1 /*3
Crores
I. If return for last three years is (Only in
2 2 2 2 20
194N filed by customer case of Co-
op society
Customer)
20 Lacs to
2 2 2 2 20
II. If returns are Not Filed by 1 Crores
customer Above
5 5 5 5 20
1 Crores
TDS on E- Upto 30.09.2024 1 1 5 5 5
194O commerce 5,00,000
participants From 01.10.2024 0.1 0.1 5 5 5
Purchase of Goods - buyer having
194Q 50,00,000 0.1 0.1 5 5 5
turnover above Rs.10 crore
TDS on benefit or perquisites of a
194R 20,000 10 10 20 20 20
business or profession
TDS on payment for Virtual Digital
Asset
Payer is Individual / HUF having no
Income under the head PGBP OR
194S Payer is Individual / HUF having T/o 50,000 1 1 5 5 20
of Preceding FY less than Rs.1 Crores
/ Rs.50 Lacs
Other Payers 10,000 1 1 5 5 20
Note 1. In case of Salary, tax is deductible at Average Rate as applicable under New Scheme (If not opted for Old
Scheme) + Surcharge is applicable @ 10% if income is Rs.50 Lacs to 1 Cr, 15% if income is Rs.1 Cr to 2 Cr, 25% if
income is above Rs.2 Cr + 4% Cess.
Note 2. In case of payment to Transporter, Declaration mentioning that he is not holding more than 10 trucks at any
time during the year is required to be taken. Otherwise, TDS is required to be deducted at the applicable rates.
Note 3. Wherever the dates are specified in above table, rates are applicable for such period only.
CMA Reshma Indurkar
.
RATES OF TAX COLLECTED AT SOURCE (TCS)
Having PAN
No Return for last
Return Filed
ONE year
NO
Nature of Payment Threshold Co. / Firm / Indivi./ Co. / Firm / Indivi./
Section PAN
(Section Description) (Rs.) Co-Op. Soc. HUF Co-Op. Soc. HUF
/ Local / Local
Authority Authority
Rate (%) Rate (%) Rate (%) Rate (%) Rate (%)
206C (1) Scrap No Limit 1 1 5 5 5
Sale of Motor Vehicle 10,00,000 1 1 5 5 5
206C (1F) Sale of Luxury Goods
10,00,000 1 1 5 5 5
(W.e.f. 01.01.2025)
Foreign remittance for
206C (1G) Education – Not out of edu. 7,00,000 5 5 10 10 5
Loan
Foreign remittance for
206C (1G) 7,00,000 0.5 0.5 10 10 5
Education –out of edu. Loan
Overseas Tour Package/ Foreign
206C (1G) No Limit 20 20 20 20 20
remittance other than above
Sale of Goods - Seller having
206C (1H) 50,00,000 0.1 0.1 5 5 5
turnover above Rs. 10 crores
Provisions regarding Form 15G / 15H
Section Nature of RECEIPT of Income by Resident Who can give Condition for giving for Form 15G / 15H
Interest Income
Rent Income Other than Company Can be given only if Estimated Total
197A
Dividend Income or Firm Income of the year will be Nil.
Insurance Commission
Note 1. In case of Resident Individual, Form 15H is applicable if age is of 60 years or more, otherwise Form
15G.
Note 2. In case tax is Deducted/Collected Late then interest @ 1% p.m. or part thereof is to be paid from
the due date of deduction/Collection to date of Deduction/Collection.
Note 3. In case tax is deducted/collected but Paid Late then interest @ 1.5% p.m. or part thereof is to be
paid from the date of deduction/collection to date of payment.
Note 4. Late fees of Rs.200/- per day is payable if TDS/TCS returns is filed after due date.
CMA Reshma Indurkar
.
DUE DATES FOR TDS/TCS
Due Dates
Months
Payment TDS Return Filling TCS Return/15G-H Filling Issue of Certificates
April – 2024 07.05.2024 30.07.2024 (TCS)
May – 2024 07.06.2024 31st July, 2024 15th July, 2024 15.08.2024 (TDS)
June – 2024 07.07.2024 (Other than Salary)
July – 2024 07.08.2024 30.10.2024 (TCS)
Aug – 2024 07.09.2024 31st Oct, 2024 15th Oct, 2024 15.11.2024 (TDS)
Sept – 2024 07.10.2024 (Other than Salary)
Oct – 2024 07.11.2024 30.01.2025 (TCS)
Nov – 2024 07.12.2024 31st Jan, 2025 15th Jan, 2025 15.02.2025 (TDS)
Dec – 2024 07.01.2025 (Other than Salary)
Jan – 2025 07.02.2025
30.05.2025 (TCS)
Feb – 2025 07.03.2025
31st May, 2025 15th May, 2025 15.06.2025 (TDS)
07.04.2025 (TCS)
Mar – 2025 (Other than Salary & Salary)
30.04.2025 (TDS)
CMA Reshma Indurkar