TDS Rate Chart

Section

Payment Nature

Limit

TDS Rates

Remarks

192

Salary

Taxable Income

New slab rate is chosen by the employee or normal slab rate

192A

payment of a provident fund's accrued amount, which is taxable in the employee's hands.

50,000

10%

Union Budget 2023 - It is declared to eliminate the 2nd provision to section 192A of the act. In case a person could not furnish PAN pertaining to the accrued amount due to him/her, then 20% tax will be levied and not at MMR effective from the annual year 2023-24. 

193

Interest on securities 

2500

10%

Union Budget 2023 - The elimination of clause ix of the provision to section 193 of the act, abolishing, starting on April 1, 2023, the exemption from TDS on payments made to residents in the form of interest on the listed debentures.

194

Dividend

5000

10%

–

194A

Interest on Post office/ bank deposit/banking Co-society deposit (other than “interest on securities)

–

1. Senior Citizen

50000

10%

–

1. Others 

40,000

10%

–

194A

other than “interest on securities

 (other than Post office/ bank deposit/banking Co-society deposit) 

5,000

10%

–

194B

Income obtained from lotteries, card games, word puzzles, and other games

10,000

30%

Union Budget 2023 - The limit Rs. 10,000 is for lotteries, card games, word puzzles, and other games which will be continue and would be levied on the net winning income during a financial year.

It is stated to improve the section 194B to exclude online games from the the range of section and introduced new section 194BA. 

194BA

Income from online winning in games

Nil

30%

Union Budget 2023 - Any person who is responsible to pay an income earned from any online games during the financiall year must deduct income tax from the user’s account, estimated based on the prescribed manners at the end of the financial year. In case of any withdrawal from a user account, the income tax shall be deducted at the time of withdrawal during the same financial year as well as on the rest amount of the winning the income in user’s account.

194BB

Winning from horse races 

10,000

30%

Union Budget 2023 - 

The limit of Rs. 10,000 will continue for TDS but it will be levied on total winning during a financial year.

194C

Payment to contractor or sub-contractor

On single transaction of Rs. 30,000 and total transactions of Rs. 1,00,000

–

–

1. Individuals

15,000

5%

–

1. Companies

25,000

10%

–

104DA

Tax must be subtracted from the amount of income included in the insurance payout when paying for a life insurance policy.

1,00,000

5%

–

194E

Payment to sports association/non-residents 

20%

Union budget 2023 - The rate should be raised by the applicable surcharge and education cess.

194EE

Payment regarding to the deposits under national saving scheme

2,500

10%

–

194F

Payment regarding to the repurchase of unit by mutual fund or unit trust of India

–

20%

–

194G

Commision on sale of lottery tickets 

15,000

5%

–

194H

Coommision on brokerage 

15,000

5%

–

194-I

Rent:

194-I (a) Plant * Machinery

2,40,000

2%

914-I (b) land & building or furniture

2,40,000

10%

194-IA

Payment on transfer of some stable property (other than agriculture land)

50 Lakh

1%

TDS must be withheld at a rate of 1% of the amount paid or credited to the resident or the property's stamp duty value, whichever is higher. No tax is to be subtracted if the sum of the consideration paid for the transfer of real estate and the stamp duty value of that real estate is less than fifty lakh rupees.

914-IB

Payment of rent by HUF or individuals not applicable to tax audit

50,000/Month

5%

–

914-IC

The exchange of money in accordance with cooperative development agreements 

–

10%

–

194J

Fee for professional or technical goods and services

(i) Payable amount for technical services

30,000

2%

(ii) The amount paid or due for royalties in exchange for the sale, distribution, or display of cinematic films

30,000

2%

(iii) Any other payable amount 

30,000

10%

194K 

Income regarding units payable to resident 

–

10%

194LA

Payment of compensation on acquisition of certain rooted property

2,50,000

105

–

194LB

Interest Payment on infra debt fund to non-resident person

5%

Union budget 2023 - The rate should be raised by the applicable surcharge and education cess.

194LBA(1)

When distributing to its unit holders any interest earned or due from an SPV or any income from renting, leasing, or letting out any real estate asset that is directly owned by the business trust, tax must be deducted.

–

10%

–

194LBB

A fund of investments paying a unit holder an income [other than an income exempt under Section 10(23FBB)]

–

10%

–

194LBC

Income regarding the investments made in a securitization trust (defined in section 115TCA)

1. Individuals or HUF

–

25%

–

1. others

–

30%

–

194M

commission (other than an insurance commission), brokerage, a contractual fee, or a professional fee paid to a resident by an individual or a HUF that is exempt from the TDS deduction requirements of sections 194C, 194H, or 194J

50 Lac

5%

–

194N

Cash withdrawal from one or more accounts held by a person with a banking firm, cooperative organisation engaged in banking, or post office during the previous year

(i) If surpasses Rs. 1 Crore

1 Crore

2%

–

(ii) more than Rs. 20 lakhs (for those whose ITRs for the three years immediately preceding the year in which cash is withdrawn were not lodged, and whose ITR filing deadline under section 139(1) has passed). In this case, tax will be deducted at the following rate:

1. on cash withdrawals made throughout the preceding year if the total value of those withdrawals exceeds Rs. 20 lakhs;

20 Lac

2%

–

1. on cash withdrawals made throughout the preceding year if the total value of those withdrawals exceeds Rs. 1 crore

1 Crore

5%

Union Budget 2023 - When the beneficiary is a cooperative society, the requirements of this section apply as if the words "one crore rupees" had been replaced with the words "three crore rupees." effective from the date 01.04.23

194-O

Payment made by the e-commerce operator to the another e-commerce operator 

5 Lakh

1%

TDS rate shall be 5% in the absence of PAN

194Q

Purchase of goods (effective from 1/07/2021)

50 Lakh

0.10%

–

195

Payment to non-resident

Union budget 2023 - The rate should be raised by the applicable surcharge and education cess.

(a) Income regarding the investment made by a non-resident person of India 

–

20%

-

(b) In the case of a non-resident Indian citizen, income from long-term capital gains as defined in Section 115E.

–

10%

–

(c) income from long-term capital gains as defined in sub-clause (iii) of clause (c) of sub-section (1) of section 112

–

10%

–

(d) income from long-term capital gains referred to in section 112A

–

10%

–

(e) income from short-term capital gains referred to in section 111A

–

15%

–

(f) Any additional long-term capital gain income [other than the long-term capital gains mentioned in clauses 10(33), 10(36), and 112A]

–

20%

–

(g) Income from interest payments made by the government or an Indian company on loans made or debt incurred in foreign currencies by the government or the Indian company (not income by the interest defined in Section 194LB or Section 194LC)

20%

(h) Any other income 

–

30%

–

194P

TDS on senior citizen (Above 75 years)

Taxable income liable to pay tax

Tax rates in force 

–

206AB

YDS on non-filers of ITR at a higher rate 

–

Higher rate are as follows- double of the rate defined in a specific provision of the act.

Double the rate or rates in force.

The rate of 5%

Union Budget 2023 - 

(i) A resident without a permanent establishment in India. 

(ii) a person who, as announced by the Central Government in the Official Gazette, is not required to submit a report of income for the assessment year pertinent to the said preceding year.

206AA

TDS rate in the absence of PAN

According to the relevant section

Tax needs to be deducted at the higher following rates- 

At the specified rate in provision of this act, or

(ii) at the rate or rate in force

(iii) at the rate of 20%

194$

TDS on 

20,000

10%

Union Budget 2023 - To clear up any confusion, it is stated that any benefit or perquisite, whether in cash, kind, or partially in cash and partially in kind, must be subject to the terms of sub-section (1).

194S

TDS for the payment pertaining to the digital assets 

“Specified person” Payer - 50,000

Other payers - 10,000

1%

–