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TDS Rates and Thresholds in India

The document outlines the Tax Deducted at Source (TDS) rates for various types of payments in India, including salaries, interest, dividends, and winnings. It specifies the threshold amounts for different categories and the applicable tax rates for individuals and Hindu Undivided Families (HUF). Additionally, it includes provisions for non-filers of income tax returns and other specific cases.
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0% found this document useful (0 votes)
10 views3 pages

TDS Rates and Thresholds in India

The document outlines the Tax Deducted at Source (TDS) rates for various types of payments in India, including salaries, interest, dividends, and winnings. It specifies the threshold amounts for different categories and the applicable tax rates for individuals and Hindu Undivided Families (HUF). Additionally, it includes provisions for non-filers of income tax returns and other specific cases.
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

.

For
TDS Section
Nature of Payment Threshold (₹) Individual
List
HUF
192 Payment made as salaries ₹ 2,50,000 Slab Rates
Early withdrawal of EPF
192A ₹ 50,000 10%
(Employee Provident Fund)
Tax deduction at source on
193 ₹ 10,000 10%
interest earned on securities
194 Distribution of dividends ₹ 5,000 10%
₹ 40,000
Interest from banks or post offices
194A ₹ 50,000 (For senior 10%
on deposits
citizens)
Interest from sources other than
194A ₹ 5,000 10%
securities
Winnings of lotteries, puzzles, or Aggregate of ₹
194B 30%
games 10,000
194BA Winnings from online Games - 30%
194BB Winnings of horse races ₹ 10,000 30%
Payments made to contractors or
194C ₹ 30,000 1%
sub-contractors one time
Payments made to contractors or
194C sub-contractors on an aggregate ₹ 1,00,000 1%
basis
Commission paid on insurance
194D ₹ 15,000 Not Applicabl
sales to domestic companies
Commission paid on insurance
194D ₹ 15,000 5%
sales to non-domestic companies
194DA Maturity of life insurance policy ₹ 1,00,000 5%
Payment received from the
194EE National Savings Scheme (NSS) ₹ 2500 10%
by individuals
Repurchase of units by UTI (Unit
194F No Limit 20%
Trust of India) or any mutual fund
Payments or commission made
194G ₹ 15,000 5%
on the sale of lottery tickets
194H Commission or brokerage fees ₹ 15,000 5%
Rent paid for land, building, or
194I ₹ 2,40,000 10%
furniture
194I Rent paid for plant and machinery ₹ 2,40,000 2%
Payment for the transfer of
194IA immovable property excluding ₹ 50,00,000 1%
agricultural land
Rent payment made by an
₹ 50,000 (per
194IB individual or HUF not covered 5%
month)
under section 194I
Payments made under a Joint
194IC Development Agreement (JDA) to No Limit 10%
individuals or HUF
Fees paid for professional and
194J ₹ 30,000 10%
technical services
Royalty paid for the sale,
194J distribution, or exhibition of ₹ 30,000 2%
cinematographic films
Income received from units of a
194K ₹ 5,000 10%
mutual fund, such as dividends
Compensation payment for
194LA acquiring certain immovable ₹ 2,50,000 10%
property
Interest payment on
194LB infrastructure bonds to Non- Not Applicable 5%
Resident Indians
Distribution of certain income by
194LBA(1) Not Applicable 10%
a business trust to its unit holders
Interest payment on rupee-
denominated bonds, municipal
194LD Not Applicable 5%
debt security, and government
securities
Payments made for contracts,
brokerage, commission, or
194M ₹ 50,00,000 5%
professional fees (excluding
sections 194C, 194H, 194J)
Cash withdrawal exceeding a
194N specified amount from the bank, ₹ 1,00,00,000 2%
with filed ITR
Cash withdrawal from a bank
194N ₹ 20,00,000 2%
without filing ITR
Amount received for the sale of
products/services by e-commerce
194O ₹ 5,00,000 1%
service providers through digital
platforms
Payments made for the purchase
194Q ₹ 50,00,000 0.10%
of goods
TDS on the payment of
194S cryptocurrencies or other virtual Not Applicable 1%
assets
At a higher r
than:
The r
TDS applicable in case of non- specified by
206AA Not Applicable
availability of PAN act
20%
The curre
applicable rat
The higher
5% Twice
TDS on non-filers of Income Tax rate mentio
206AB Not Applicable
Return in the provis
The curre
applicable rat

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