Home > TDS > TDS RatesLast Updated: Sep 29th 2022

What are Section-wise TDS Rates?

A simplified version of TDS rates by Section given below - updated as on 03th Feb 2022

SectionTDS Rate
Section 192: Payment of salary Normal Slab Rate
Section 192A: Payment of accumulated balance of provident fund which is taxable in the hands of an employee (with effect from 01.06.2015).10
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
10

10
10
10
Section 194: Dividend other than the dividend as referred to in Section 115-O10
Section 194A: Income by way of interest other than "Interest on securities"10
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort30
Section 194BB: Income by way of winnings from horse races30
Section 194C: Payment to contractor/sub-contractor
  1. HUF/Individuals
  2. Others
1
2
Section 194D: Insurance commission5(10% till Assessment year 2016-17)
Section 194DA: Payment in respect of life insurance policy5(2% till 31-5-2016)
Section 194EE: Payment in respect of deposit under National Savings scheme10(20% till 31-5-2016)
Section 194F: Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India20
Section 194G: Commission, etc., on sale of lottery tickets5(10% till 31-5-2016)
Section 194H: Commission or brokerage5(10% till 31-5-2016)
Section 194-I: Rent
  1. Plant & Machinery
  2. Land or building or furniture or fitting
2
10
Section 194-IA: Payment on transfer of certain immovable property other than agricultural land1
Section 194J: Any sum paid by way of
  1. Fee for professional services,
  2. Fee for technical services
  3. Royalty,
  4. Remuneration/fee/commission to a director or
  5. For not carrying out any activity in relation to any business
  6. For not sharing any know-how, patent, copyright etc.
No longer used
Section 194JA: Any sum paid by way of
  1. Fee for technical services
2
Section 194JB: Any sum paid by way of
  1. Fee for professional services,
  2. Royalty,
  3. Remuneration/fee/commission to a director or
  4. For not carrying out any activity in relation to any business
  5. For not sharing any know-how, patent, copyright etc.
10
Section 194K: Income Payable to a resident assessee in respect of units of a specified Mutual Fund or of the Units of the UTI10
Section 194LA: Payment of compensation on acquisition of certain immovable property10
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.10
Section 194LBB: Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]10
Section 194LBC: Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA) 25% in case of Individual or HUF30% in case of other person
Section 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.
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.
5
Section 194N: Payment of certain amounts in cash2%, 5% (if cash withdrawal exceeds 1 Cr during previous year)*
Section 194O: TDS on E-commerce transactions1% of the gross amount of sale / Services / both

2% of consideration received or receivable by an ecommerce operator from supply of goods or services
Section 194P: Payment to Specified Senior CitizenTax as per rates in Force
Section 194Q: Deduction of tax at source on payment of certain sum for purchase of goods0.1% (5% in case where PAN is not quoted)
Section 194R: Deduction of tax on benefit of perquisite in respect of business or profession10% of value or aggregate value of such benefit
Section 194S: TDS on Payment on transfer of virtual digital asset1% on consideration for transfer of such virtual digital asset
Section 195 : Payment of any other sum to a Non-resident
  1. Income in respect of investment made by a Non-resident Indian Citizen
  2. Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen
  3. Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112
  4. Income by way of long-term capital gains as referred to in Section 112A
  5. Income by way of short-term capital gains referred to in Section 111A
20

10

10
10
15
Any Other Income10

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