Latest TDS Rates by Section | Simplified Version

Section 192   ★

Section 192A

Section 193

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

Section 194

Section 194A   ★

• If payee is Senior Citizen – Rs 50,000
• If Payee is others – Rs 40,000

Section 194A   ★

Section 194B

Section 194BB

Section 194C   ★

• HUF/Individuals
• Others

• Single Payment – Rs 30,000
• Aggregate Payments(year) – Rs 1,00,000

• Individuals/HUF – 1%
• Other Payees – 2%

Section 194D

Section 194DA

Section 194E

Section 194EE

Section 194F

Section 194G

Section 194H

Section 194I

• Land or building or furniture or fitting
• Plant & Machinery

• 10% for land or building or others
• 2% for plant , machinery or equipment

Section 194 IA   ★

Section 194 IB   ★

Section 194 IC

Section 194J   ★

• 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.

• 2% in case of Technical services or Royalty
• 10% in other cases

Section 194K

Section 194LA

Section 194LBA(1)

Section 194LBB

Section 194LBC

• Individuals/HUF – 25%
• Others – 30%

Section 194M

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.

Section 194N   ★

• 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

Section 194O

Section 194P

Section 194Q

Section 194R   ★

Section 194S   ★

Section 195  ★

• 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

• 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)