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Home > TDS > TDS RatesLast Updated: Jan 27th 2024

Latest TDS Rates by Section | Simplified Version

A simplified version of section-wise TDS rates given below. Most frequently searched sections where highlighted with   ★ from the normal taxpayer perspective.

#Section and Nature of PaymentThresholdTDS Rate
1
Section 192   ★
Payment of salary		Basic Exemption Limit under Old and New RegimeSlab Rates depending on Old or New Tax Regime
2
Section 192A
Premature withdrawal from Provident Fund		Rs 49,99910%
3
Section 193
Interest on Securities
  1. 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;
  2. 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;
  3. any security of the Central or State Government;
  4. interest on any other security
Rs 10,00010%
4
Section 194
Dividends to resident shareholders		Rs 500010%
5a
Section 194A   ★
Interest other than interest on securities (Payer is bank / post office)
  • If payee is Senior Citizen – Rs 50,000
  • If Payee is others – Rs 40,000
10%
5b
Section 194A   ★
Interest other than interest on securities (Payer is Other than bank/post office)		Rs 500010%
6
Section 194B
Winnings from lotteries, crossword puzzles etc		Rs 10,00030%
7
Section 194BB
Winnings from Horse Races		Rs 10,00030%
8
Section 194C   ★
Payment to Contractors and Sub Contractors
  • HUF/Individuals
  • Others
  • Single Payment – Rs 30,000
  • Aggregate Payments(year) – Rs 1,00,000
  • Individuals/HUF – 1%
  • Other Payees – 2%
9
Section 194D
Insurance Commission		Rs 15,0005%
10
Section 194DA
Payments in respect of Life Insurance Policy		Rs 99,9995%
11
Section 194E
Payments to Non Resident sportsmen or sports association		No Threshold20% (Surcharge and education cess should be added)
12
Section 194EE
Payments in respect of deposits under National Savings Scheme		Rs 250010%
13
Section 194F
Repurchase of units by Mutual Fund or UTI		No Threshold20%
14
Section 194G
Commission on sale of lottery tickets		Rs 15,0005%
15
Section 194H
Commission or Brokerage		Rs 15,0005%
16
Section 194I
Rent (applicable only when the tenant is liable for Tax Audit in previous year)
  • Land or building or furniture or fitting
  • Plant & Machinery
Rs 2,40,000 per year or Rs 50,000 per month
  • 10% for land or building or others
  • 2% for plant , machinery or equipment
17
Section 194 IA   ★
Payment of transfer of immovable property other than agriculture land		Rs 49,99,9991%
18
Section 194 IB   ★
Payment of rent by certain individuals or HUF (applicable only when the tenant is not liable for Tax Audit in previous year)		Rs 2,40,000 per year or Rs 50,000 per month5%
19
Section 194 IC
Payments under specified Agreement		No Threshold10%
20
Section 194J   ★
Fees for professional or Technical services (194JA for Technical services and 194JB for professional services)
  • Fee for professional services
  • Fee for technical services
  • Royalty
  • Remuneration/fee/commission to a director or
  • For not carrying out any activity in relation to any business
  • For not sharing any know-how, patent, copyright etc.
Rs 30,000
  • 2% in case of Technical services or Royalty
  • 10% in other cases
21
Section 194K
Income in respect of units (ex: Dividend by Mutual Funds)		Rs 500010%
22
Section 194LA
Payment of compensation on acquisition of certain immovable property		Rs 2,50,00010%
23
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.		No Threshold10%
24
Section 194LBB
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]		No Threshold10%
25
Section 194LBC
Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)		No Threshold
  • Individuals/HUF – 25%
  • Others – 30%
26

Section 194M
Payment made by individual or HUF for contract work or commission or brokerage or fees for professional service 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.

Rs 50,00,0005%
27
Section 194N   ★
TDS on cash withdrawal
  • Rs. 20,00,000(20 Lakhs, if no ITR filed prior year)
  • Rs. 1,00,00,000 (1 crore)
  • 2% if the amounts is > 20lakhs but <= 1 crore
  • 5% if the amount is > 1 crore
28
Section 194O
TDS on certain payments by e- commerce operator		Rs 5,00,0001%
29
Section 194P
TDS on Payment to Specified Senior Citizen		Basic exemption LimitSlab rates
30
Section 194Q
TDS on purchase of goods		Rs 50,00,0000.10%
31
Section 194R   ★
TDS in benefit or perquisite of business or profession		Rs 20,00010%
32
Section 194S   ★
TDS on Payment on transfer of virtual digital asset		Rs 50,0001%
33
Section 195  ★
Payments to Non Residents
  • Income in respect of investment made by a Non-resident Indian Citizen
  • Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen
  • Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112
  • Income by way of long-term capital gains as referred to in Section 112A
  • Income by way of short-term capital gains referred to in Section 111A
No Threshold
  • Rent/interest/S TCG other than STT Paid – 30%
  • LTCG on property/unlisted shares – 20%
  • LTCG on STT paid shares/Mutual Funds – 10%
  • STCG on STT Paid shares//Mutual Funds – 15%
  • Any other Income – 30% (Surcharge and education cess should be added)

Consider the 2019 announcement on TDS rate changes at TDS Amendments in 2019

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