TDS and TCS Rate Chart 2024
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| TDS RATE CHART FY: 2023-24 (AY: 2024-25) | ||||
|---|---|---|---|---|
| Section | Nature of Payment | Threshold | Indv / HUF | Others |
| Rs. | Existing TDS Rate (%) | |||
| 192 | Salaries | - | Avg | - |
| 192A | Premature withdrawal from EPF | 50000 | 10 | - |
| 193 | Interest on Securities | 10000 | 10 | 10 |
| 194 | Dividends | 5000 | 10 | 10 |
| 194A | Interest (Banks) | 40000 | 10 | 10 |
| 194A | Interest (Others) | 5000 | 10 | 10 |
| 194A | Senior Citizen | 50000 | 10 | - |
| 194B | Winning from Lotteries | 10000 | 30 | 30 |
| 194BA | Winnings from online games | - | 30 | 30 |
| 194BB | Winning from Horse Race | 10000 | 30 | 30 |
| 194BP | Lotteries/crossword puzzles-made in kind/cash not suffice to meet the tax liability and paid before | 10000 | 30 | 30 |
| 194C | Contractor - Single Transaction | 30000 | 1 | 2 |
| 194C | Contractor - During the F.Y. | 1 Lakh | 1 | 2 |
| 194C | Transporter (44AE) declaration with PAN | - | - | - |
| 194D | Insurance Commission (15G - 15H allowed) | 15000 | 5 | 10 |
| 194DA | Life insurance Policy | 1 Lakh | 5 | 5 |
| 194EE | NSS | 2500 | 10 | 10 |
| 194F | Repurchase Units by MFs | - | 20 | 20 |
| 194G | Commission - Lottery | 15000 | 5 | 5 |
| 194H | Commission / Brokerage | 15000 | 5 | 5 |
| 194I(a) | Rent for plant & machinery | 2.40 Lakh | 2 | 2 |
| 194I(b) | Rent for land, building & furniture | 2.40 Lakh | 10 | 10 |
| 194IA | Transfer of certain immovable property other than agriculture land | 50 Lakh | 1 | 1 |
| 194IC | Payment under Specified agreement applicable for F.Y.: 2017-18 onwards | - | 10 | 10 |
| 194J(a) | Fees-tech srvcs, call centre, royalty for sale etc. | 30000 | 2 | 2 |
| 194J(b) | Fee for professional service or royalty etc. | 30000 | 10 | 10 |
| TDS RATE CHART FY: 2023-24 (AY: 2024-25) | ||||
|---|---|---|---|---|
| Section | Nature of Payment | Threshold | Indv / HUF | Others |
| Rs. | Existing TDS Rate (%) | |||
| 194K | Payment of dividend by mutual Funds | 5000 | 10 | 10 |
| 194LA | Compensation on transfer of certain immovable property other than agricultural land | 2.50 Lakh | 10 | 10 |
| 194LA | Immovable Property (TDS exempted under RFCTLARR Act (wef 01.04.2017) | - | - | - |
| 194LA | Immovable Property | 2.50 Lakh | 10 | 10 |
| 194LB | Income by way of interest from infrastructure debt fund (non-resident) | - | 5 | 5 |
| 194LBA | Certain income from units of a business trust (applicable from 01.10.2014) | - | 10 | 10 |
| 194LBA | Certain income from units of a business trust to non-resident (applicable from 01.10.2014) | - | 5 | 5 |
| 194LBB | Income in respect of investment of investment fund | - | 10% for residents, 30% for non-residents | 10% for residents, 40% for non-residents |
| 194LBC | Income in respect of investment in securitization trust | - | 30% for residents, 40% for non-residents, 25% for individual & HUF | 30%, residents, 40% for non-residents, 25% for individual & HUF |
| 194LC | Income by way of interest by an Indian specified company to a non-resident/foreign company on foreign currency approved loan/ long term infrastructure bond ‘from outside India (applicable from July 1, 2012) | - | 5 | 5 |
| 194LD | Interest on certain bonds and Govt. Securities (from 01.06.2013) | - | 5 | 5 |
| 194M | Payment to commission, brokerage etc. by individual & HUF | 50 Lakh | 5 | 5 |
| 194N | Cash withdrawal in excess of 1 crore during the previous year from 1 or more account with a bank or co-operative society (wef 01.09.2019) | 1 Crore | 2 | 2 |
| 194O | TDS on e-commerce participants | 5 Lakh | 1% (01.10.2020) | 1% (01.10.2020) |
| 194P | TDS in case of Specified Senior Citizen | - | Not Applicable | Rates in Force |
| 194Q | TDS on Purchase of Goods exceeding Rs. 50 Lakhs (Applicable From 01-July-2021) | In Excess of Rs. 50 Lakhs | 0.1 | 0.1 |
| 194R | Benefits or perquisites of business or profession | 20000 | 10 | 10 |
| 194RP | Benefits or perquisites of business or profession where such benefit is provided in kind or where part in cash is not sufficient to meet tax liability and tax required to be deducted is paid before such benefit is released | 20000 | 10 | 10 |
| 194NF | Payment of certain amounts in cash to non-filers | 20 Lakh | 2 | 2 |
| TDS RATE CHART FY: 2023-24 (AY: 2024-25) | ||||
|---|---|---|---|---|
| Section | Nature of Payment | Threshold | Indv / HUF | Others |
| Rs. | Existing TDS Rate (%) | |||
| 194NF | Payment of certain amounts in cash to non-filers | 1 Crore | 5 | 5 |
| 194S | Payment of consideration for transfer of virtual digital asset by persons other than specified persons | 10000 | 1 | 1 |
| 194SP | Payment for transfer of virtual digital asset where payment is in kind or in exchange of another virtual digital asset and tax required to be deducted is paid before such payment is released | 10000 | 1 | 1 |
| Note: TDS Rates without PAN – 20% flat (if TDS is lower than 20%) | ||||
| TDS RATE CHART (FOREIGN) FY: 2023-24 (AY: 2024-25) | ||||
|---|---|---|---|---|
| Section | Nature of Payment | Threshold | Indv / HUF | Others |
| Rs. | Existing TDS Rate (%) | |||
| 192A | Payment against EPF Scheme | 30000 | 10 | 10 |
| 195 | Payment to Non-residents | - | 0 | 0 |
| 194E | Non-resident Sportsman or Sports Assn | - | 20 | 20 |
| 196A | Foreign Company being unit holder in Mutual Fund | - | 20 | 20 |
| 196B | Units held by Off-shore Fund | - | 10 | 10 |
| 196C | Income from Foreign Currency Bonds | - | 10 | 10 |
| 196D | Income of FII on Securities | - | 20 | 20 |
| 196DA | Income of specified fund from securities | - | 10 | 10 |
| 194LB | Interest from infrastr. debt fund payable to non-resident | - | 5 | 5 |
| 194LC | Interest from specified company payable to non-resident | - | 5 | 5 |
| 194LD | Interest on certain bonds and govt securities | - | 5 | 5 |
| 194LBA | Certain income from units of a business trust | - | 5 | 5 |
| 194LBB | Income on units of Investment Fund | - | 30 | 40 |
| 194LBC | Income in respect of investment in securitization trust | - | 30 | 40 |
| 194N | Payment of certain amounts in cash | - | 2 | 2 |
| 194LBA(a) | Income referred to in section 10(23FC)(a) from units of a business trust | - | 10 | 10 |
| 194LBA(b) | Income referred to in section 10(23FC)(b) from units of a business trust | - | 5 | 5 |
| 194NF | Payment of certain amounts in cash to non-filers | - | 1 | 1 |
| 194LBA(c) | Income referred to in section 10(23FCA) from units of a business trust | - | 30 | 30 |
| Note: TDS Rates without PAN – 20% flat (if TDS is lower than 20%) | ||||
| TCS RATE CHART FY: 2023-24 (AY: 2024-25) | ||
|---|---|---|
| Section | Nature of Payment | Existing TCS Rate (%) |
| 206CE | Scarp | 1 |
| 206CI | Tendu Leaves | 5 |
| 206CB | Timber obtained under a forest lease or other mode | 2.5 |
| 206CD | Any other forest produce not being a timber or tendu leaves | 2.5 |
| 206CA | Alcoholic Liquor for human consumption & Tendu leaves | 1 |
| 206CF | Parking Lot | 2 |
| 206CG | Toll Plaza | 2 |
| 206CH | Mining and Quarring | 2 |
| 206CJ | Minerals | 1 |
| 206CL | Sale of Motor Vehicle | 1 |
| 206CK | Bullion & Jewellery | 1 |
| 206CM | Sale in cash of any goods (other than bullion) | 1 |
| 206CN | Providing of any service (other than Ch-XVII-B) | 1 |
| 206CQ | LRS - other purposes - Liberalized Remittance Scheme | 5% (10% for non-PAN or Aadhar) |
| 206CO | Tour Program Package | 5% (10% for non-PAN or Aadhar) |
| 206CR | Sale of Goods | 0.1% (1% for non-PAN or Aadhar) |
| 206CC | Timber obtained under any other mode other than forest lease | 2.5 |
| 206CP | LRS - Educational Loan - Financial Institution | 0.5 |
| Note: TCS Rates without PAN – Double of TCS rate as above or 5%, whichever is higher | ||
