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.

 

Income Tax efiling to  Click Here

Income Tax Refund to  Click Here

E payment Income Tax to  Click Here

 

 

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

 

 

Important Income Tax Topic in India

Income Tax Efiling Income Tax Slab Income Tax Refund
Income Tax Calculator Tax Online payment Income Tax Exemption
Income Tax Deduction Income Tax Form Income Tax Rate
Income Tax Challan Income Tax Helpline Income Tax 80d
Income Tax TDS Income Tax 80C Income Tax Toll Free No

 

 

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%

 

People also ask :

  • How is TDS calculated?

  • What is the limit for TDS deduction?

  • What is the percentage of TDS on rent?

  • How do I avoid paying tax on rental income?

  • Who should pay TDS on rent?

  • How do landlords pay tax?

  • How much rent income is tax free?

  • What are allowable expenses for rental income?

  • How do I avoid paying tax on rental income?

  • What are allowable expenses for rental income?

  • Can I put rental income into a pension?

  • Should I declare rental income?

  • Can you claim management fees on your tax return?

  • What happens if I don’t declare rental income?

  • What happens if you don’t declare all your income?

  • How much can I rent my house for without paying tax?

 

TDS Rates Chart

TDS Rates Chart

 

 

TDS Related Query

 

TDS Rates Chart 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.