TDS Rate Chart

Section

Deductee

Type of Transaction

Threshold Limit

TDS Rate

192

Resident, Non-Resident

Salary Payment

Basic exemption limit of payee

As per normal slab rates

192A

Resident, Non-Resident

Premature withdrawal from Employee Provident Fund

₹50,000

10%

193

Resident

Interest earned on securities such as equity instruments, debt bonds, savings bonds and others.

Debentures- ₹5,000

8% Savings (Taxable) Bonds 2003 or 7.75% Savings (Taxable) Bonds 2018 - ₹10,000

Other - NIL

10%

194

Resident

Dividend payment

₹5,000

10%

194A

Resident

Interest from other sources (not securities) - post office/bank/co-operative society deposits

Senior Citizens- ₹50,000

Others - ₹40,000

10%

194A

Resident

Interest from sources apart from interest on securities under Section 193 and interest from banks/post office/co-operative society.

₹5,000

10%

194B

Resident, Non-Resident, Foreign Company

Earnings from crossword puzzles, lotteries, card games and such.

₹10,000

30%

194BB

Resident, Non-Resident, Foreign Company

Earnings from equestrian races

₹10,000

30%

194C

Resident

Payment made to contractor/sub-contractor:

Individuals/Hindu Undivided Family

Single transaction- ₹30,000

Net transactions- ₹1 Lakh

1%

194C

Resident

Payment made to contractor/sub-contractor:

Individuals/Hindu Undivided Family

Single transaction- ₹30,000

Net transactions- ₹1 Lakh

2%

194D

Resident

Insurance commission payable to domestic companies

₹15,000

10%

194D

Resident

Insurance commission payable but not to companies

₹15,000

5%

194DA

Resident

Income for the insurance benefit payout, during payment of the sum under a life insurance policy.

₹1 Lakh

5%

194E

Non-Resident, Foreign Company

Payment to non-resident sportsmen/sports association

NIL

20%

194EE

Resident, Non-Resident

Payment to a National Savings Scheme (NSS) account holder.

₹2,500

10%

194F

Resident, Non-Resident

Payment for unit repurchase by Unit Trust of India (UTI) or a Mutual Fund

NIL

20%

194G

Resident, Foreign Company, Non-Resident

Payments, commission, etc., on the sale of lottery tickets

₹15,000

5%

194H

Resident

Commission/brokerage

₹15,000

5%

194-I

Resident

Rent on

plant/machinery

₹2,40,000

2%

194-I

Resident

Rent on

land/building/furniture/fitting

₹2,40,000

10%

194-IA

Resident

Payment for transferring certain immovable property (not agricultural land)

₹50 Lakh

1%

194-IB

Resident

Rent paid by an individual or HUF not covered under Section 194-I

₹50,000 p. a

5%

194-IC

Resident

Payment under Joint Development Agreements (JDA) to Individual/HUF

NIL

10%

194-J

Resident

Any amount paid as professional services fees

₹30,000

10%

194-J

Resident

Amount paid for a director’s remuneration/fee/commission

₹30,000

10%

194-J

Resident

Any sum paid for not carrying out any activity concerning any business;

₹30,000

10%

194-J

Resident

Any sum paid for not sharing any know-how, patent, copyright, etc.

₹30,000

10%

194-J

Resident

Any sum paid as a fee for technical services

₹30,000

2%

194-J

Resident

Amount paid as royalty towards the sale/distribution/exhibition of cinematographic films

₹30,000

2%

194-J

Resident

Any sum paid as technical services fees, but the payee is engaged in the business of operation of the call centre.

₹30,000

2%

194K

Resident

Amount paid for units of a mutual fund, for example, dividend

NIL

10%

194LA

Resident

Amount paid to compensate the acquisition of certain immovable property

₹2.5 Lakh

10%

194LB

Non-Resident, Foreign Company

Interest payment on infrastructure debt fund to Non-Resident

NIL

5%

194LC

Foreign Company/Non-Resident

Interest paid for the loan borrowed in foreign currency by an Indian company/business trust against loan agreement or long-term bonds

NIL

5%

194LC

Non-Resident, Foreign Company

Interest paid for the loan borrowed in foreign currency by an Indian company/business trust against long-term bonds under IFSC

NIL

4%

194LD

Non-Resident, Foreign Company

Interest payment on rupee-denominated bond to Foreign Institutional Investor or a Qualified Foreign Investor

NIL

5%

194LBA – 1

Resident

Certain income distributed to a unitholder by a business trust

NIL

10%

194LBA – 2

Foreign Company/Non-Resident

Business trust’s interest income from special purpose vehicle distribution to unitholders

NIL

5%

194LBA – 2

Non-Resident, Foreign Company

A business trust’s dividend income distributed to a unitholder from a special purpose vehicle, in which the business holds the share capital (not the government capital)

NIL

10%

194LBA – 3

Non-Resident Indian

Rental income payment of assets owned by the business trust to the unitholders.

NIL

30%

194LBA – 3

Foreign Company

Rental income payment of assets owned by the business trust to the unitholders.

NIL

40%

194LBB

Resident, Non-Resident Indian

Certain income paid to a unitholder as investment fund units.

NIL

10%

194LBB

Foreign Company

Certain income paid to a unitholder as investment fund units.

NIL

40%

194LBC

Resident

Income from investment in securitisation fund received to an individual and HUF

NIL

25%

194LBC

Resident

Income from investment in securitisation fund received to a domestic company

NIL

10%

194LBC

Foreign Company

Income from investment in securitisation fund received to a foreign company

NIL

40%

194LBC

Non-Resident Indian

Income from investment in securitisation fund received to NRI

NIL

10%

194M

Resident

Certain payments by Individual/HUF not liable to deduct TDS under Section 194C, 194H, and 194J

₹50 Lakh

5%

194N

Resident, Non-Resident

Cash withdrawal exceeding a certain amount

₹1 crore

2%

194N

Resident, Non-Resident

Cash withdrawal in case person not filing ITR for last three years and the original ITR filing due date expired

₹20 Lakh – ₹1 crore

₹1 crore

2%

5%

194O

Resident

Payment for the sale of goods/provision of services by the e-commerce operator through its digital or electronic facility or platform.

₹50 Lakh

1%

194P

Resident

Payment of pension or interest to specified senior citizens aged 75 years and above

Basic exemption limit for senior citizens/super senior citizens

Normal tax slab rates

194Q

Resident

Payments for the purchase of goods

₹50 Lakh

0.10%

194R

Resident

Perquisite or benefit to a business or profession

₹20,000

10%

194S

Resident

TDS on transferring of virtual digital assets

Specified Persons - ₹50,000

Others - ₹10,000

1%

195

Non-Resident

Income on investments made by NRI citizen

NIL

20%

195

Non-Resident

Income from LTCG referred to in Section 115E in the case of a Non-Resident

NIL

10%

195

Non-Resident, Foreign Company

Income from LTCG under Section 112(1)(c)(iii)

NIL

10%

195

Non-Resident, Foreign Company

LTCG income under section 112A

NIL

10%

195

Non-Resident, Foreign Company

STCG income under section 111A

NIL

15%

195

Non-Resident, Foreign Company

Any other income earned from LTCG

NIL

20%

195

Non-Resident, Foreign Company

Interest payable on money borrowed by the government or Indian concern in foreign currency

NIL

20%

195

Non-Resident, Foreign Company

Royalty income payable by the Indian concern/government, for the copyright in a subject referred in the first proviso of section 115A or computer software as per the second proviso of section 115A

NIL

10%

195

Non-Resident

Royalty income payable by government or Indian concern as per an agreement on matters included in the industrial policy

NIL

10%

195

Foreign Company

Royalty income payable by government/Indian concern under an agreement on matters included in the industrial policy, if the payment agreement was made 31st March 1961 and 1st April 1976

NIL

50%

195

Foreign Company

Royalty income payable by government/Indian concern as per an agreement on matters included in the industrial policy, if the payment agreement is entered after 31st March 1976

NIL

10%

195

Foreign Company

Income from technical services remuneration payable by government or Indian concern under an agreement on matters related to industrial policy

NIL

10%

195

Non-Resident

Income from technical services remuneration payable by government or Indian concern as per an agreement on matters related to industrial policy, if the payment agreement was made between 29^th February 1964 and 1^st April 1976

NIL

50%

195

Foreign Company

Income from technical services fees paid by government or Indian concern as per agreement (payment agreement made after 31^st March 1976) on industrial policy

NIL

10%

195

Non-Resident

Other income sources

NIL

30%

195

Foreign Company

Other income sources

NIL

40%

196B

Non-Resident, Foreign Company

Income (including LTCG) from units of an offshore fund

NIL

10%

196C

Non-Resident, Foreign Company

Income (including LTCG) from global depositary receipt of an Indian firm or foreign currency bonds

NIL

10%

196D

Foreign Company/Non-Resident

Income (not capital gain or dividend) from Foreign Institutional Investors.

NIL

20%

Section

FY2020-21

FY 2021-22

TDS Rate

TDS rates 01/04/20-13/05/20

TDS rates 14/05/20-31/03/21

TDS Rate

Section 192: Salary Payment

Section 192A: Premature withdrawal from Employee Provident Fund

Normal slab rate

10%

Normal slab rate

10%

Normal slab rate

10%

Normal Slab Rate

10

Section 193: Interest earned on securities.

a)  any State/Central Government security

b) securities/debentures for money issued by local authority/corporation established by a Provincial, State or Central Act;

c) debentures (listed on a recognised stock exchange) issued by a company where the debentures are present;

d) interest earned on other securities

10%

7.5%

10%

10%

10%

10%

10%

Section 194: Dividend Payment

10%

7.5%

10%

10%

Section 194A: Income in the form of interest (other than interest on securities).

10%

7.5%

10%

10%

Section 194B: Earnings from lottery, card games, crossword puzzles, and other such  games

30%

30%

30%

30%

Section 194BB:  Earnings from equestrian races

30%

30%

30%

30%

Section 194C: Payment to contractor/subcontractor.

a) Individuals/HUF

b)  Others

1%

2%

0.75%

1.5%

1%

2%

1%

2%

Section 194D: Insurance commission

5%

3.75%

5%

5%

Section 194DA: Payment of any sum under a life insurance policy, effective 1st September 2019, the insurer deducts TDS on the income portion in the payout.

5%

3.75%

5%

5%

Section 194EE: Payment of amount standing to the credit of a person under National Savings Scheme (NSS)

10%

7.5%

10%

10%

Section 194F: Payment for unit repurchase by Unit Trust of India (UTI) or a Mutual Fund

20%

15%

20%

20%

Section 194G: Payments/commission, etc., on the sale of lottery tickets

5%

3.75%

5%

5%

Section 194H: Commission or brokerage

5%

3.75%

5%

5%

Section 194-I: Rent on

a) Plant/Machinery

b) Land/building/furniture/fitting, effective 1st April 2019, with tax deduction limit on rent increasing from ₹1.8 Lakh p.a. to ₹2.4 Lakh p.a.

2%

10%

1.5%

7.5%

2%

10%

2%

10%

Section 194-IA: Payment on transferring certain immovable property (not agricultural land).

Section 194-IB: Rent payment by individual/HUF not covered under Section 194I

Section 194-IC: Payment under Joint Development Agreements (JDA) to Individual/Hindu Undivided Family

1%

5%

10%

0.75%

3.75%

7.5%

1%

5%

10%

1%

5%

10%

Section 194J: Any sum paid for:

(a) Professional services remuneration;

(b) A director’s remuneration/fee/commission;

(c) For not conducting any business activities;

(d) For not divulging any information, patent, copyright etc.

(e) Technical service fees, and

(f)  Royalty income from the sale/distribution/exhibition of cinematographic films.

(g) Technical services remuneration where the payee serves in the business of call centre operations

10%

2%

7.5%

1.5%

10%

10%

10%

10%

2%

2%

2%

10%

10%

10%

10%

2%

2%

Section 194K: Income paid for mutual fund units under Section 10(23D) or from an administrator/specified company

10%

7.5%

10%

10%

Section 194LA: Compensation payment for acquisition of certain immovable property.

10%

7.5%

10%

10%

Section 194LBA(1): Certain income distributed by a business trust to its unitholder

10%

7.5%

10%

Section 194LBB: Certain income paid to a unitholder for investment fund units.

10%

7.5%

10%

10%

Section 194LBC: Remuneration from securitisation fund investments

(a) Individual and Hindu Undivided Family

(b) Others

25%

30%

18.75%

22.5%

25%

30%

25%

30%

Section 194M: Certain payments by Individual/HUF (Limit- ₹50 Lakh)

5%

3.75%

5%

5%

Section 194N: Cash withdrawn above the ₹1 crore limit.

In case ₹20 Lakh or more is withdrawn by the person not-filing ITR for the last 3 years, for which the ITR filing due date has passed, the TDS rates will be as below -

For the amount more than ₹20 Lakh but up to ₹1 crore, and for the amount exceeding ₹1 crore (effective 01.07.20)

2%

5%

2%

5%

2%

2%

5%

2%

2%

5%

Section 194O: For sale of goods/offering services by the e-commerce operator through its digital/electronic facility/platform.

-

0.75%

1%

1%

Section 194P: Tax deduction by specified banks paying pension or interest to specified senior citizens of 75 years of age and above.

-

-

Tax on net income (as per existing rates)

Tax on net income (as per existing rates)

Section 194Q: Payments to residents for the purchase of goods if the total value of goods is above ₹50 Lakh. (TDS deductible on value exceeding ₹50 Lakh)

-

-

0.1%

0.1%

Other Income

10%

10%

10%

10%

Section

FY 2020-21

FY 2021-22

TDS Rate

TDS rates 01.04/20-13.05.20

TDS rates 14.05.20-31.03.21

TDS Rate

Section 192: Salary Payment

Section 192A: Premature withdrawal from Employee Provident Fund

Normal Slab Rate

10%

Normal Slab Rate

10%

Normal Slab Rate

10%

Normal Slab Rate

10%

Section 194B: Earnings from lotteries, crossword puzzles, card games and other games of any sort

30%

30%

30%

30%

Section 194BB: Income from winning equestrian races

30%

30%

30%

30%

Section 194E: Payment to non-resident sports association or sportsmen

20%

20%

20%

20%

Section 194EE: Payment for National Savings Scheme deposits

10%

10%

10%

10%

Section 194F: Payment on account of repurchase of a unit by Mutual Fund or Unit Trust of India

20%

20%

20%

20%

Section 194G: Commission, etc., on sale of lottery tickets

5%

5%

5%

5%

Section 194LB: Interest payable on infrastructure debt fund

5%

5%

5%

5%

Section 194LBA or 194LBA(2): Income from units of business trust

– interest received/receivable from a SPV (special purpose vehicle); or

– dividend mentioned in sub-section (7) of section 115-O

5%

10%

5%

10%

5%

10%

5%

10%

Section 194LBA(3)- payment of rental income to unitholders, from real estate assets owned directly by such business trust.

30%

Section 194LBB: Payment of certain income by an investment fund to a unitholder.

30%

Section 194LBC: Income from securitisation fund investment

30%

30%

30%

30%

Section 194LC: Interest paid by an Indian Company/business trust for money borrowed in foreign currency as per loan agreement or through the issuing long-term bonds or long-term infrastructure bonds

*For interest payable against long-term bonds in recognised IFSC stock exchanges

5%

5%

5%

4%

5%

Section 194LD: Interest payment on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor

5%

5%

5%

5%

Section 194N: Payment of a certain amount in cash (Limit 1 Crore)

2%

2%

2%

Section 194N: Payment of certain amount in cash (first proviso of section 194N) if

- The amount exceeds ₹20 Lakh but up to ₹1 crore

- The amount is above ₹1 crore (effective 01.07.20)

25%

25%

-

Section 195: Payment of any other sum to a Non-Resident

a) Income in respect of investment made by a Non-Resident Indian citizen

20%

20%

20%

20%

b) Long-term capital gains or LTCG income mentioned in Section 115E for a Non-Resident Indian

10%

10%

10%

10%

c) Income from long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-section (1) of Section 193

10%

10%

10%

10%

d) Income from short-term capital gains referred to in Section 111A

15%

15%

15%

15%

e) Other LTCG income [other than LTCG mentioned in clauses (33), (36) and (38) of Section 10]

20%

20%

20%

20%

f) Interest income payable by Government/Indian concern for borrowed money or debt by Government/Indian concern in foreign currency (not the interest income as under Section 194LB or Section 194LC

20%

20%

20%

g) Royalty income payable by Government/Indian concern as per an agreement with the Government/Indian concern where the amount is paid to transfer of all or any rights (including the granting a license) for copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern. or for any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to an Indian resident

10%

10%

10%

10%

h) Royalty income [not as referred to in sub-item (b)(i)(F)] payable by Government/Indian concern as per an agreement made by it with the Government/Indian concern. An agreement made with the Indian concern the agreement should be approved by the Central Government or if it relates to industrial policy matters applicable when the agreement conforms with that policy.

10%

10%

20%

10%

i) Technical services fees payable by Government/Indian concern as per agreement with the Government/Indian concern and where such agreement is with an Indian concern, it is approved by the Central Government or where it relates an industrial policy matter of the Government of India, for the time being in force, and the agreement conforms with that policy.

10%

10%

10%

10%

j) Any other income

30%

30%

30%

30%

Section 196A: Income in respect – of units of a Mutual Fund as under clause (23D) of section 10; or-from the specified company referred to in the Explanation to Clause (35) of section 10

20%

20%

20%

Section 196B: Earnings from units (including LTCG on transferring units) to an offshore fund

10%

10%

10%

10%

Section 196C: Earnings from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transferring the bonds or GDR)

10%

10%

10%

10%

Section 196D: Remuneration of Foreign Institutional Investors from investments (not capital gains or dividends earned on them)

20%

20%

20%

20%