TDS Rates Chart | A Complete Guide To TDS Rates Chart { NEW }

 

As per the Income Tax Act, 1961, TDS is applicable when the deductee has provided its Pan Number to the deductor. otherwise, if deductee not provided PAN, the deductor is TDS deducted at a higher rate as 20% of the total payment as TDS Rates Chart.

 

Also, As per the Income Tax Act, 1961, TDS will be  deducted list of Payment given Below : 

1. Salary

2. Employee Provided Fund

3. Interest on Securities/ Debentures

4. Dividends ( without listed Companies)

5. Interest other than Securities/ Debentures

6. Winnings from lotteries, crossword puzzles, games, etc.

7. Winning from horse race

8. Payment to contractor/ subcontractor

9. Insurance Commission

10. Any sum paid to a resident under a life insurance policy

11. Payment to non- resident sports association

12. Payment in respect of deposits under National Savings Scheme

13. Payment of repurchase of the unit by Mutual Fund or Unit Trust of India

14. Commission etc. on sale of lottery

15. Commission or brokerage

16. Rent on plant and machinery

17. Rent on land, building, houses, offices, flats, residential apartments, furniture and fittings

18. Payment on transfer of certain immovable property other than

    agricultural land

19. Rent by Individual / HUF 

20. Professional Fees / Technical Fees /Royalty /Director Sitting Fees, Call Centre Operator etc.

21. Payment of compensation on acquisition of certain immovable property

22. Payment of interest on infrastructure debt fund

23. Immovable Property 

24. Investment fund paying an income to a unit holder

25. Other Payment

 

 

 

TDS Rates Chart : 

 

TDS on Salary ( 192 )

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
192 (92A)	Salary Payments to Govt. employees other than Union Govt. employees	No	TDS applicable, if taxable income Above 2,50,000  as per income slab	TDS applicable, if taxable income Above 2,50,000  as per income slab
192 (92B)	Salary Payments  to employees other than Govt. employees	No	TDS applicable, if taxable income Above 2,50,000  as per income slab	TDS applicable, if taxable income Above 2,50,000  as per income slab
192 (92C)	Salary Payments made to Union Govt. employees.	No	TDS applicable, if taxable income Above 2,50,000  as per income slab	TDS applicable, if taxable income Above 2,50,000  as per income slab

 

 

TDS rates for salaries

The TDS rates for a salary of all individuals as per under section 192 as follows:

Taxable Income Slab	TDS rate	Section
Taxable Income up to Rs 2.5 lakh	Nil	192
Taxable Income Rs 2.5 lakh and Rs 5 lakh	5%	192
Taxable Income Rs 5 lakh and Rs 10 lakh	20%	192
Taxable Income Above Rs 10 lakh	30%	192

 

 

The TDS rates for a salary of all senior citizen as per under section 192 as follows:

 

Taxable Income Slab	TDS rate	Section
Taxable Income up to Rs 3 lakh	Nil	192
Taxable Income up to Rs 3 lakh to 5 lakh	5%	192
Taxable Income up to Rs 5 lakh to 10 lakh	20%	192
Taxable Income  above 10 lakh	30%	192

 

TDS on Payment of Employee Provided Fund  ( 192A )

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
192A	Payment of Employee Provided Fund	YES	10% Deducted above Rs. 50000/-  withdraw from EPF	10% Deducted above Rs. 50000/-  withdraw from EPF

 

 

TDS on Interest on Securities/ Debentures ( 193 )

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
193	Interest on Securities/ Debentures	No	10%	NA

 

 

TDS on Dividends (Without listed Companies) ( 194)

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194	Dividends (Without listed Companies)	YES	10%	NA

 

 

TDS on Interest other than  Interest on securities / Interest on Loan ( 194A)

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194A	Saving Bank Interest	Yes	10% Interest (Banks) above Rs.40000 PA / Senor Citizen Above Rs. 50000 PA	NA
194A	Fixed Deposit Interest	Yes	10% Interest (Banks) above Rs.40000 PA / Senor Citizen Above Rs. 50000 PA	NA
194A	Post Office Interest	Yes	10% Interest (Banks) above Rs.40000 PA / Senor Citizen Above Rs. 50000 PA	NA
194A	Other Company Interest	Yes	10% Interest (Banks)above Rs.5000 PA	NA

 

 

TDS on winning from lotteries, crossword puzzles, games. (194B)

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194B	Winnings from lotteries, crossword puzzles, games	Yes	30%   payment above Rs. 10,000 per annum	30%   payment above Rs. 10,000 per annum

 

 

TDS on Winning from horse race ( 194BB)

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194BB	Winning from horse race	No	30%   payment above Rs. 10,000 per annum	30%   payment above Rs. 10,000 per annum

 

 

TDS on Payment to contractor/ sub-contractor / Dealers/ Agents  ( 194C)

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194C	Payment to contractor/ sub-contractor / Dealers/ Agents	No	1%  Single Transaction Rs.30000/– During the F.Y. 1 Lakh 2% more Single Transaction Rs.30000/– During the F.Y. 1 Lakh	NA

 

 

TDS on Insurance Commission (194D)

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194D	Insurance Commission	Yes	5% in case of payment up to of Rs. 15,000 per annum 10% in case of payment above Rs. 15,000 per annum	NA

 

 

TDS on Life insurance policy ( 194DA )

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194ADA	Any payment to a resident under a life insurance policy	Yes	1% in case of payment above Rs. 100,000 per annum	NA

 

 

TDS on Non- Resident Sports Association (194E)

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194E	Non- Resident Sports Association	No	20%	20%

 

 

TDS on  Deposits under National Savings Scheme (194EE)

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194EE	Deposits under National Savings Scheme	Yes	10% in case of payment Above Rs. 2500 per annum	10%

 

 

TDS on Repurchase of the unit by Mutual Fund or Unit Trust of India (194F)

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194F	Repurchase of the unit by Mutual Fund or Unit Trust of India	No	20%	20%

 

 

TDS on Commission sale of lottery (194G)

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194G	Commission sale of lottery	No	5% in case of payment Above of Rs. 15,000 per annum	5%

 

 

TDS on Commission or brokerage (194H) 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194H	Commission or brokerage	No	5% in case of payment above of Rs. 15,000 per annum	Na

 

 

TDS on Rent on plant and machinery, Rent on land, building, houses, offices, flats, residential, apartments, furniture and fittings (194I)

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194I	Rent on plant and machinery	Yes	10% in case of payment Above Rs. 240,000 per annum	NA
194I	Houses, offices, flats, residential apartments,		10% in case of payment Above Rs. 240,000 per annum	NA
194I	Land or building or furniture or fittings		10% in case of payment Above Rs. 240,000 per annum	Na

 

 

TDS on Payment of  Immovable property other than agricultural land (194I A)

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194I A	Payment of  immovable property other than agricultural land	No	1% in case of payment Above 50 Lakh PA	NA

 

 

TDS on Rent by Individual / HUF ( 194I B )

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194I B	Rent by Individual / HUF	No	5% in case of payment Above Rs.50000/PM	Na

 

 

TDS on Professional Fees / Technical Fees /Royalty /Director Sitting Fees / Call Centre Operator etc ( 194J)

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194J	Professional Fees / Technical Fees	No	10% in case of payment excess of Rs.30000/PA	NA
194J	/Royalty	No	10% in case of payment excess of Rs.30000/PA	NA
194J	Director Sitting Fees etc.	No	10% in case of payment excess of Rs.30000/PA	NA
194J	Call Centre Operator	No	10% in case of payment excess of Rs.30000/PA	NA

 

 

TDS on Payment of compensation on acquisition of certain immovable property ( 194LA )

 

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194LA	Compensation on an acquisition of certain immovable property	NO	10% in case of payment excess of Rs.250000/PA	NA

 

 

TDS on Interest on infrastructure debt fund ( 194LB )

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194LB	Interest on infrastructure debt fund	No	NA	5%

 

TDS on Income in respect of investment made in securitization trust ( 194LBC )

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
194LBC	Income in respect of investment made in securitization trust	NO	Individuals- 25% Residents -30%	40%

 

 

Other sums (payable to non Resident) ( 195)

Section	Nature of Payment	15G-15H	TDS Rate for Resident	TDS Rate for Non Resident
195	Income in respect of investment made by a Non-resident Indian Citizen	NO	20%	20%
195	Income by way of short-term capital gains referred to in Section 111A	NO	15%	15%
195	Long-term capital gains [not being long-term capital gains to in  (33), (36) and (38) Section 10]	NO	20%	20%