TDS RATES*
For Assessment year 2022-23
|
Particulars |
TDS Rates (in %) |
|
1. In the case of a person other than a company |
|
|
1.1 where the person is resident in India- |
|
|
Section 192: Payment of salary |
Normal Slab Rate |
|
Section 192A: Payment of accumulated balance of provident fund which is taxable
in the hands of an employee. |
10 |
|
Section 193: Interest on securities |
|
|
a) any debentures or securities for money issued by or on behalf of any
local authority or a corporation established by a Central, State or
Provincial Act; |
10 |
|
b) any debentures issued by a company where such debentures are listed on
a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42
of 1956) and any rules made thereunder; |
10 |
|
c) any security of the Central or State Government; [i.e. 8% Savings (Taxable) Bonds, 2003 and 7.75% Saving (Taxable) Bonds,
2018] |
10 |
|
d) interest on any other security |
10 |
|
Section 194: Income by way of dividend |
10 |
|
Section 194A: Income by way of interest other than “Interest on securities” |
10 |
|
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card
games and other games of any sort |
30 |
|
Section 194BB: Income by way of winnings from horse races |
30 |
|
Section 194C: Payment to contractor/sub-contractor |
|
|
a) HUF/Individuals |
1 |
|
b) Others |
2 |
|
Section 194D: Insurance commission |
5 |
|
Section 194DA: Payment in respect of life insurance policy w.e.f. 1/9/2019, the
tax shall be deducted on the amount of income comprised in insurance pay-out |
5 |
|
Section 194EE: Payment in respect of deposit under National Savings scheme |
10 |
|
Section 194F: Payment on account of repurchase of unit by Mutual Fund or Unit
Trust of India |
20 |
|
Section 194G: Commission, etc., on sale of lottery tickets |
5 |
|
Section 194H: Commission or brokerage |
5 |
|
Section 194-I: Rent |
|
|
a) Plant & Machinery |
2 |
|
b) Land or building or furniture or fitting |
10 |
|
Section 194-IA: Payment on transfer of certain immovable property other
than agricultural land |
1 |
|
Section 194-IB: Payment of rent by individual or HUF not liable to tax audit |
5 |
|
Section 194-IC: Payment of monetary consideration under Joint Development
Agreements |
10 |
|
Section 194J: Fees for professional or technical services: i) sum paid or payable towards fees for technical services ii) sum paid or payable towards royalty in the nature of consideration
for sale, distribution or exhibition of cinematographic films; iii) Any other sum Note: With effect from June 1, 2017 the rate of TDS would be 2% in case
of payee engaged in business of operation of call center. |
2 2 10 |
|
Section 194K: Income in respect of units payable to resident person |
10 |
|
Section 194LA: Payment of compensation on acquisition of certain
immovable property |
10 |
|
Section 194LBA(1): Business trust shall deduct tax while
distributing, any interest received or receivable by it from a SPV or any
income received from renting or leasing or letting out any real estate asset
owned directly by it, to its unit holders. |
10 |
|
Section 194LBB: Investment fund paying an income to a unit holder [other than
income which is exempt under Section 10(23FBB)] |
10 |
|
Section 194LBC: Income in respect of investment made in a securitisation trust
(specified in Explanation of section115TCA) |
25 in case of Individual or HUF |
|
Section 194M: Payment of commission (not being insurance commission), brokerage,
contractual fee, professional fee to a resident person by an Individual or a
HUF who are not liable to deduct TDS under section 194C, 194H,
or 194J. Tax shall be deducted under Section 194M with effect
from 1/09/2019 when aggregate of sum credited or paid during a financial year
exceeds Rs. 50 lakh. |
5 |
|
Section 194N: Cash withdrawal during the previous year from one or more account
maintained by a person with a banking company, co-operative society engaged
in business of banking or a post office: i) in excess of Rs. 1 crore ii) in excess of Rs. 20 lakhs* * for those persons who have not filed return of income (ITR) for three
previous years immediately preceding the previous year in which cash is
withdrawn, and the due date for filing ITR under section 139(1) has
expired. The deduction of tax under this situation shall be at the rate of: a) 2% from the amount withdrawn in cash if the aggregate of the amount of
withdrawal exceeds Rs. 20 lakhs during the previous year; or b) 5% from the amount withdrawn in cash if the aggregate of the amount of
withdrawal exceeds Rs. 1 crore during the previous year. |
2 2/5 |
|
Section 194-O: Payment or credit of amount by the e-commerce operator to
e-commerce participant |
1 |
|
Section 194P: Deduction of tax by specified bank in case of senior citizen having
age of 75 or more |
Tax on total income as per rate in force |
|
Section 194Q: Payment to resident for purchase of goods of the aggregate value
exceeding Rs. 50 lakhs Note: TDS is deductible on sum exceeding Rs. 50 lakhs |
0.1 |
|
Any Other Income |
10 |
|
1.2 where the person is not resident in India*- |
|
|
Section 192: Payment of Salary |
Normal Slab Rate |
|
Section 192A: Payment of accumulated balance of provident fund which is taxable
in the hands of an employee. |
10 |
|
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card
games and other games of any sort |
30 |
|
Section 194BB: Income by way of winnings from horse races |
30 |
|
Section 194E: Payment to non-resident sportsmen/sports association |
20 |
|
Section 194EE: Payment in respect of deposits under National Savings Scheme |
10 |
|
Section 194F:Payment on account of repurchase of unit by Mutual Fund or Unit Trust of
India |
20 |
|
Section 194G: Commission, etc., on sale of lottery tickets |
5 |
|
Section 194LB: Payment of interest on infrastructure debt fund |
5 |
|
Sec. 194LBA(2): Payment of the nature referred to in Section 10(23FC)(a) |
5 |
|
Section 194LBA(2): Payment of the nature referred to in Section
10(23FC)(b) |
10 |
|
Section 194LBA(3): Payment of the nature referred to in section
10(23FCA) by business trust to unit holders |
30 |
|
Section 194LBB: Investment fund paying an income to a unit holder [other than
income which is exempt under Section 10(23FBB)]. |
30 |
|
Section 194LBC: Income in respect of investment made in a securitisation trust
(specified in Explanation of section115TCA) |
30 |
|
Section 194LC: Payment of interest by an Indian Company or a business trust in
respect of money borrowed in foreign currency under a loan agreement or by
way of issue of long-term bonds (including long-term infrastructure bond) |
5 or 4* * In case where interest is payable in respect of Long-term Bond or Rupee
Denominated Bond listed on recognised stock exchange located in IFSC |
|
Section 194LD: Payment of interest on rupee denominated bond of an Indian Company
or Government securities to a Foreign Institutional Investor or a Qualified
Foreign Investor |
5 |
|
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 |
|
b) Income by way of long-term capital gains referred to in Section
115E in case of a Non-resident Indian Citizen |
10 |
|
c) Income by way of long-term capital gains referred to
in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112 |
10 |
|
d) Income by way of long-term capital gains as referred to
in Section 112A |
10 |
|
e) Income by way of short-term capital gains referred to in Section
111A |
15 |
|
f) Any other income by way of long-term capital gains [not being
long-term capital gains referred to in
clauses 10(33), 10(36) and 112A |
20 |
|
g) Income by way of interest payable by Government or an Indian concern
on moneys borrowed or debt incurred by Government or the Indian concern in
foreign currency (not being income by way of interest referred to
in Section 194LB or Section 194LC) |
20 |
|
h) Income by way of royalty payable by Government or an Indian concern in
pursuance of an agreement made by it with the Government or the Indian
concern where such royalty is in consideration for the transfer of all or any
rights (including the granting of a licence) in respect of 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 in
respect of any computer software referred to in the second proviso to
sub-section (1A) of Section 115A of the Income-tax Act, to a person
resident in India |
10 |
|
i) Income by way of royalty [not being royalty of the nature referred to
point h) above] payable by Government or an Indian concern in pursuance of an
agreement made by it with the Government or the Indian concern and where such
agreement is with an Indian concern, the agreement is approved by the Central
Government or where it relates to a matter included in the industrial policy,
for the time being in force, of the Government of India, the agreement is in
accordance with that policy |
10 |
|
j) Income by way of fees for technical services payable by Government or
an Indian concern in pursuance of an agreement made by it with the Government
or the Indian concern and where such agreement is with an Indian concern, the
agreement is approved by the Central Government or where it relates to a
matter included in the industrial policy, for the time being in force, of the
Government of India, the agreement is in accordance with that policy |
10 |
|
k) Any other income |
30 |
|
Section 196B: Income from units (including long-term capital gain on transfer of
such units) to an offshore fund |
10 |
|
Section 196C: Income from foreign currency bonds or GDR of an Indian company
(including long-term capital gain on transfer of such bonds or GDR) |
10 |
|
Section 196D: Income of foreign Institutional Investors from securities (not
being dividend or capital gain arising from such securities) |
20 |
|
2. In the case of a company- |
|
|
2.1 where the company is a domestic company- |
|
|
Section 193: Interest on securities |
|
|
a) any debentures or securities for money issued by or on behalf of any
local authority or a corporation established by a Central, State or
Provincial Act; |
10 |
|
b) any debentures issued by a company where such debentures are listed on
a recognised stock exchange in accordance with the Securities Contracts
(Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; |
10 |
|
c) any security of the Central or State Government; [i.e. 8% Saving (Taxable) Bonds, 2003 and 7.75% Saving (Taxable) Bonds,
2018] |
10 |
|
d) interest on any other security |
10 |
|
Section 194: Dividend |
10 |
|
Section 194A: Income by way of interest other than “Interest on
securities” |
10 |
|
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card
games and other games of any sort |
30 |
|
Section 194BB: Income by way of winnings from horse races |
30 |
|
Section 194C: Payment to contractor/sub-contractor |
|
|
a) HUF/Individuals |
1 |
|
b) Others |
2 |
|
Section 194D: Insurance commission |
10 |
|
Section 194DA: Payment in respect of life insurance policy w.e.f. 1/9/2019, the
tax shall be deducted on the amount of income comprised in insurance pay-out |
5 |
|
Section 194EE: Payment in respect of deposit under National Savings scheme |
10 |
|
Section 194F: Payment on account of repurchase of unit by Mutual Fund or Unit
Trust of India |
20 |
|
Section 194G: Commission, etc., on sale of lottery tickets |
5 |
|
Section 194H: Commission or brokerage |
5 |
|
Section 194-I: Rent |
|
|
a) Plant & Machinery |
2 |
|
b) Land or building or furniture or fitting |
10 |
|
Section 194-IA: Payment on transfer of certain immovable property other
than agricultural land |
1 |
|
Section 194-IC: Payment of monetary consideration under Joint
Development Agreements |
10 |
|
Section 194J: Fees for professional or technical services: iv) sum paid or payable towards fees for technical services v) sum paid or payable towards royalty in the nature of consideration for
sale, distribution or exhibition of cinematographic films; vi) Any other sum Note: With effect from June 1, 2017 the rate of TDS would be 2% in case
of payee engaged in business of operation of call center. |
2 2 10 |
|
Section 194K : Income in respect of units payable to resident person |
10 |
|
Section 194LA: Payment of compensation on acquisition of certain
immovable property |
10 |
|
Section 194LBA(1): Business trust shall deduct tax while
distributing, any interest received or receivable by it from a SPV or any
income received from renting or leasing or letting out any real estate asset
owned directly by it, to its unit holders. |
10 |
|
Section 194LBB: Investment fund paying an income to a unit holder [other than
income which is exempt under Section 10(23FBB)] . |
10 |
|
Section 194LBC: Income in respect of investment made in a securitisation trust
(specified in Explanation of section115TCA) |
10 |
|
Section 194M: Payment of commission (not being insurance commission), brokerage,
contractual fee, professional fee to a resident person by an Individual or a
HUF who are not liable to deduct TDS under section 194C, 194H,
or 194J. Tax shall be deducted under Section 194M with effect from
1/09/2019 when aggregate of sum credited or paid during a financial year
exceeds Rs. 50 lakh. |
5% |
|
Section 194N: Cash withdrawal during the previous year from one or more account
maintained by a person with a banking company, co-operative society engaged
in business of banking or a post office: i) in excess of Rs. 1 crore ii) in excess of Rs. 20 lakhs* * for those persons who have not filed return of income (ITR) for three
previous years immediately preceding the previous year in which cash is
withdrawn, and the due date for filing ITR under section 139(1) has
expired. The deduction of tax under this situation shall be at the rate of: a) 2% from the amount withdrawn in cash if the aggregate of the amount of
withdrawal exceeds Rs. 20 lakhs during the previous year; or b) 5% from the amount withdrawn in cash if the aggregate of the amount of
withdrawal exceeds Rs. 1 crore during the previous year. |
2 2/5 |
|
Section 194-O: Payment or credit of amount by the e-commerce operator to e-commerce
participant |
1 |
|
Section 194P: Deduction of tax by specified bank in case of senior citizen having
age of 75 or more |
Tax on total income as
per rate in force |
|
Section 194Q: Payment to resident for purchase of goods of the aggregate value
exceeding Rs. 50 lakhs Note: TDS is deductible on sum exceeding Rs. 50 lakhs |
0.1 |
|
Any Other Income |
10 |
|
2.2 where the company is not a domestic company*- |
|
|
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card
games and other games of any sort |
30 |
|
Section 194BB: Income by way of winnings from horse races |
30 |
|
Section 194E: Payment to non-resident sports association |
20 |
|
Section 194G: Commission, etc., on sale of lottery tickets |
5 |
|
Section 194LB: Payment of interest on infrastructure debt fund |
5 |
|
Section 194LBA(2): – Payment of the nature referred to
in Section 10(23FC)(a) |
5 |
|
Section 194LBA(2): Payment of the nature referred to in Section
10(23FC)(b) |
10 |
|
Section 194LBA(3): Business trust shall deduct tax while
distributing any income received from renting or leasing or letting out any
real estate asset owned directly by it to its unit holders. |
40 |
|
Section 194LBB: Investment fund paying an income to a unit holder [other than
income which is exempt under Section 10(23FBB)]. |
40 |
|
Section 194LBC: Income in respect of investment made in a securitisation trust
(specified in Explanation of section115TCA) |
40 |
|
Section 194LC: Payment of interest by an Indian Company or a business trust in
respect of money borrowed in foreign currency under a loan agreement or by
way of issue of long-term bonds (including long-term infrastructure bond) |
5 or 4* * In case where interest is payable in respect of Long-term Bond or Rupee
Denominated Bond listed on recognised stock exchange located in IFSC |
|
Section 194LD: Payment of interest on rupee denominated bond of an
Indian Company or Government securities to a Foreign Institutional Investor
or a Qualified Foreign Investor |
5 |
|
Section 195: Payment of any other sum |
|
|
a) Income by way of long-term capital gains referred to in sub-clause
(iii) of clause (c) of sub-section (1) of Section 112 |
10 |
|
b) Income by way of long-term capital gains as referred to
in Section 112A |
10 |
|
c) Income by way of short-term capital gains referred to in Section
111A |
15 |
|
d) Any other income by way of long-term capital gains [not being
long-term capital gains referred to in
clauses 10(33) , 10(36) and 112A |
20 |
|
e) Income by way of interest payable by Government or an Indian concern
on moneys borrowed or debt incurred by Government or the Indian concern in
foreign currency (not being income by way of interest referred to
in Section 194LB or Section 194LC) |
20 |
|
f) Income by way of royalty payable by Government or an Indian concern in
pursuance of an agreement made by it with the Government or the Indian
concern after the 31st day of March, 1976 where such royalty is in
consideration for the transfer of all or any rights (including the granting
of a licence) in respect of 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 in respect of any computer software
referred to in the second proviso to sub-section (1A) of Section
115A of the Income-tax Act, to a person resident in India |
10 |
|
g) Income by way of royalty [not being royalty of the nature referred to
in point f) above] payable by Government or an Indian concern in pursuance of
an agreement made by it with the Government or the Indian concern and where
such agreement is with an Indian concern, the agreement is approved by the
Central Government or where it relates to a matter included in the industrial
policy, for the time being in force, of the Government of India, the
agreement is in accordance with that policy— |
|
|
A. where the agreement is made after the 31st day of March, 1961 but
before the 1st day of April, 1976 |
50 |
|
B. where the agreement is made after the 31st day of March, 1976 |
10 |
|
h) Income by way of fees for technical services payable by Government or
an Indian concern in pursuance of an agreement made by it with the Government
or the Indian concern and where such agreement is with an Indian concern, the
agreement is approved by the Central Government or where it relates to a
matter included in the industrial policy, for the time being in force, of the
Government of India, the agreement is in accordance with that policy— |
|
|
A. where the agreement is made after the 29th day of February, 1964 but
before the 1st day of April, 1976 |
50 |
|
B. where the agreement is made after the 31st day of March, 1976 |
10 |
|
i) Any other income |
40 |
|
Section 196B: Income from units (including long-term capital gain on transfer of
such units) to an offshore fund |
10 |
|
Section 196C: Income from foreign currency bonds or GDR of an Indian company
(including long-term capital gain on transfer of such bonds or GDR) |
10 |
|
Section 196D: Income of foreign Institutional Investors from securities (not
being dividend or capital gain arising from such securities) Note: Tax shall be deducted at the rate provided under DTAA if same is
lower than the existing TDS rate of 20%. |
20 |
__________________________
*
The rate of TDS shall be increased by applicable surcharge and Health &
Education cess.
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