Home > TDS > TDS RatesLast Updated: Aug 21st 2024
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 Payment | Threshold | TDS Rate |
|---|---|---|---|
| 1 | Section 192 ★Payment of salary | Basic Exemption Limit under Old and New Regime | Slab Rates depending on Old or New Tax Regime |
| 2 | Section 192APremature withdrawal from Provident Fund | Rs 49,999 | 10% |
| 3 | Section 193Interest on Securities
| Rs 10,000 | 10% |
| 4 | Section 194Dividends to resident shareholders | Rs 5000 | 10% |
| 5a | Section 194A ★Interest other than interest on securities (Payer is bank / post office) |
| 10% |
| 5b | Section 194A ★Interest other than interest on securities (Payer is Other than bank/post office) | Rs 5000 | 10% |
| 6 | Section 194BWinnings from lotteries, crossword puzzles etc | Rs 10,000 | 30% |
| 7 | Section 194BBWinnings from Horse Races | Rs 10,000 | 30% |
| 8 | Section 194C ★Payment to Contractors and Sub Contractors
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| 9 | Section 194DInsurance Commission | Rs 15,000 | 5% |
| 10 | Section 194DAPayments in respect of Life Insurance Policy | Rs 99,999 |
|
| 11 | Section 194EPayments to Non Resident sportsmen or sports association | No Threshold | 20% (Surcharge and education cess should be added) |
| 12 | Section 194EEPayments in respect of deposits under National Savings Scheme | Rs 2500 | 10% |
| 13 | Section 194FRepurchase of units by Mutual Fund or UTI | No Threshold |
|
| 14 | Section 194GCommission on sale of lottery tickets | Rs 15,000 |
|
| 15 | Section 194HCommission or Brokerage | Rs 15,000 |
|
| 16 | Section 194IRent (applicable only when the tenant is liable for Tax Audit in previous year)
| Rs 2,40,000 per year or Rs 50,000 per month |
|
| 17 | Section 194 IA ★Payment of transfer of immovable property other than agriculture land | Rs 49,99,999 | 1% |
| 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 month |
|
| 19 | Section 194 ICPayments under specified Agreement | No Threshold | 10% |
| 20 | Section 194J ★Fees for professional or Technical services (194JA for Technical services and 194JB for professional services)
| Rs 30,000 |
|
| 21 | Section 194KIncome in respect of units (ex: Dividend by Mutual Funds) | Rs 5000 | 10% |
| 22 | Section 194LAPayment of compensation on acquisition of certain immovable property | Rs 2,50,000 | 10% |
| 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 Threshold | 10% |
| 24 | Section 194LBBInvestment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] | No Threshold | 10% |
| 25 | Section 194LBCIncome in respect of investment made in a securitisation trust (specified in Explanation of section115TCA) | No Threshold |
|
| 26 | Section 194MPayment 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 50,00,000 |
|
| 27 | Section 194N ★TDS on cash withdrawal |
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| 28 | Section 194OTDS on certain payments by e- commerce operator | Rs 5,00,000 |
|
| 29 | Section 194PTDS on Payment to Specified Senior Citizen | Basic exemption Limit | Slab rates |
| 30 | Section 194QTDS on purchase of goods | Rs 50,00,000 | 0.10% |
| 31 | Section 194R ★TDS in benefit or perquisite of business or profession | Rs 20,000 | 10% |
| 32 | Section 194S ★TDS on Payment on transfer of virtual digital asset | Rs 50,000 | 1% |
| 33 | Section 195 ★Payments to Non Residents
| No Threshold |
|
| 34 | Section 194TTDS On payments made by Firms to their partners (Salary, Bonus, Commission, interest or remuneration) | Rs 20,000 | 10% (Applicable from 01st April 2025) |
Consider the 2019 announcement on TDS rate changes at TDS Amendments in 2019
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.