TDS RATE CHART FY: 2022-23 (AY: 2023-24)
Section Nature of Payment  Threshold TDS Rate
192 Salary  Taxable Income liable to Tax Normal Slab Rate

(or)

New Tax Regime Slab Rate as opted by employee

192A Payment of accumulated balance of provident fund which is taxable in the hands of an employee.  50,000 10%
193 Interest on securities  10,000 10%
194 Dividend  5,000 10%
194A Interest on Bank Deposit/Post Office Deposit/Banking Co-Society Deposit

(Interest other than “Interest on securities” )

a) Senior Citizen  50,000 10%
b) Others  40,000 10%
194A Interest other than “Interest on securities”

(Other Than Bank Deposit/Post Office Deposit/Banking Co-Society Deposit)

 5,000 10%
194B Winnings from lotteries, crossword puzzles, card games and other games of any sort 10,000 30%
194BB Winnings from horse races 10,000 30%
194C Contractor - Single Transaction 30,000 1%
194C Contractor - During the F.Y. 1 Lakh 1%
194C Transporter (44AE) declaration with PAN - -
194D Insurance commission
a) Individuals  15,000 5%
b) Companies  15,000 10%
194DA Payment in respect of life insurance policy, the tax shall be deducted on the amount of income comprised in insurance pay-out 1,00,000 5%
194E Payment to non-resident sportsmen/sports association  – 20%
194EE Payment in respect of deposit under National Savings scheme 2,500 10%
194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India  – 20%
194G Commission on sale of lottery tickets  15,000 5%
194H Commission or brokerage  15,000 5%
194-I Rent:
194-I(a) Plant & Machinery 2,40,000 2%
194-I(b) Land or building or furniture or fitting 2,40,000 10%
194-IA Payment on transfer of certain immovable property other than agricultural land 50 Lakh 1%
194-IB Payment of rent by individual or HUF not liable to tax audit  50,000 per month 5%
194-IC Payment of monetary consideration under Joint Development Agreements  – 10%
194J Fees for professional or technical services:
i) sum paid or payable towards fees for technical services  30,000 2%
ii) sum paid or payable towards royalty in the nature of consideration for sale, distribution or exhibition of cinematographic films;  30,000 2%
iii) Any other sum  30,000 10%
194K Payment of dividend by Mutual Funds 5,000 10%
194LA Payment of compensation on acquisition of certain immovable property 2,50,000 10%
194LB Payment of interest on infrastructure debt fund to Non Resident  – 5%
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%
194LBB Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]  – 10%
194LBC Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA) 30% For Residents, 40% For Non-Residents, 25% for Individual and HUF
194LC Income by way of interest by an Indian speci􀃶ed company to a non-resident / foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India (applicable from July 1, 2012) 5%
194LD Interest on certain bonds and Govt. Securities (from 01.06.2013) 5%
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.  50 Lakh 5%
194N Cash withdrawal inexcess of 1 crore during the previous year from one or more account with a bank or co-operative society (wef 01.09.2019) 1 Crore 2%
194-O Payment or credit of amount by the e-commerce operator to e-commerce participant  5 Lakh 1%
194Q Purchase of goods (applicable w.e.f 01.07.2021) 50 Lakh 0.10%
TDS RATE CHART (FOREIGN) FY: 2022-23 (AY: 2023-24)
Section Nature of Payment  Threshold TDS Rate
195 Payment of any other sum to a Non-resident
194E Non-resident Sportsman or Sports Assn. 20%
196A Foreign Company being unit holder in Mutual Fund 20%
196B Units held by Off-shore Fund 10
196C Income from Foreign Currency Bonds 10%
196D Income of FII on Securities 20%
194LB Interest from infrastr. debt fund payable to non resident 5%
194LC Interest from speci􀃶ed company payable to non resident 5%
194LD Interest on certain bonds and govt securities 5%
194LBA Certain income from units of a business trust 5%
194LBB Income on units of Investment Fund 30%
194LBC Income in respect of investment in securitization trust 30%
194N Payment of certain amounts in cash 2%
194LBA(a) Income referred to in section 10(23FC)(a) from units of a business trust 10%
194LBA(b) Income referred to in section 10(23FC)(b) from units of a business trust 5%
194NF Payment of certain amounts in cash to non-􀃶lers 1%
194LBA(c) Income referred to in section 10(23FCA) from units of a business trust 30%

TCS Rate Chart for FY 2021-2022 (AY 2022-2023)
SECTION 206C (1)
TCS Deposit Challan Code Goods & Services liable to TCS TCS Rate (%)
6CA Alcoholic liquor for human consumption 1
6CB Timber obtained under Forest lease 2.5
6CC Timber obtained by any mode other than under a forest lease 2.5
6CD Any other forest produce not being timber or tendu leaves 2.5
6CE Scrap 1
6C1 Tendu Leaves 5
6CJ Minerals, being coal or lignite or iron ore 1
SECTION 206C (IC)
6CF Parking Lot 2
6CG Toll Plaza 2
6CH Mining & Quarrying 2
SECTION 206C (IF)
6CL Motor Vehicle (any mode of payment)

(Seller, who receives any amount as consideration for sale of a motor vehicle of the value exceeding 10 lakh Rupees)

 1
SECTION 206C (1E)
6CM Cash Sale of any goods (other than bullion/jewelry) Omitt. by Finance A 1- Act 2017 (w.e.f.

4-2017)

6CN Providing any services (other than Ch-XV11-B) Omitt. by Finance Act 2017 (w.e.f. 1- 4-2017)
SECTION 206C (IG)
6C0 Overseas Tour Program Package

(Every person being a seller of an overseas tour program package, who receives any amount from a buyer, being the person who purchases such package)

5

(TCS in case of
Non-Furnishing of
PAN/Aadhar 10%)

6CP Remittance under LRS for education loan taken from financial institution mentioned under section 80E(Amount or aggregate of the amounts in excess of 7 lakh rupees remitted by the buyer in a financial year, if the amount being remitted out is a loan obtained from any financial institution as defined in section 80E, for the purpose of pursuing any education) 0.50
6CQ Remittance under LRS (for purpose other than for purchase of overseas tour package or for education loan taken from financial institution mentioned under section 80E)(Person, being an authorised dealer, who receives an amount/aggregate of amounts exceeding 7 Lakh, for remittance out of India from a buyer, being a person remitting such amount out of India under the Liberalised Remittance Scheme of the Reserve Bank of India) 5

(TCS in case of
Non-Furnishing of
PAN/Aadhar 10%)

SECTION 206C (111)
6CR Sale of Goods

Every person, being a seller, who receives any amount as consideration for sale of any goods of the value or aggregate of such value exceeding 50 lakh rupees in any previous year, other than the goods being exported out of India or goods covered in sub-section (1) or sub-section (1F) or sub-section (1G)

Budget Update

0. 1

(TCS in case of
Non-Furnishing of
PAN/Aadhar 1%)

In case of transaction on which TDS u/s.194Q is applicable w.e.f 01/07/2021, then TCS u/s.206C(1H) not applicable
SECTION 2O6CCA
Higher Rate of TCS for Non Filer of ITR

Proposed section 206CCA of the Act would apply on any sum or amount received by a person (herein referred to as collectee) from a specified person. The proposed TCS rate in this section is higher of the following rates

twice the rate specified in the relevant provision of the Act; or

> the rate of 5%