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 specied 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% |