Arora Aggarwal

Section	Nature of Payment	Threshold	TDS Rate
TDS RATE CHART FY: 2022-23 (AY: 2023-24)
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%

Section	Nature of Payment	TDS Rate
TDS RATE CHART (FOREIGN) FY: 2022-23 (AY: 2023-24)
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 Deposit Challan Code	Goods & Services liable to TCS		TCS Rate (%)
TCS Rate Chart for FY 2021-2022 (AY 2022-2023)
*SECTION 206C (1)*
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%)
6CR	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	0. 1 (TCS in case of Non-Furnishing of PAN/Aadhar 1%)
*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%