Below is Ready Reference TDS Rate Card for You to remain compliant in your day to day compliances
Section | Nature of Payment | Threshold for TDS | TDS Rate | |
|---|---|---|---|---|
192 | Salary | Basic Exemption Limit | Slab Rates | |
192A | EPF - Premature Withdrawal | Total Payment >= Rs. 50,000 | 10% | |
193 | Interest on Securities | >= Rs 10 ,000 - Saving Taxable Bonds >= Rs 5,000 Debentures Issued by Company in which public is substantially interest and No Limit in anyother cases | 10% | |
194 | Dividend (including dividend on preference shares) |
| 10% | |
194A | Interest other than Interest on Securities | If paid on deposits in FY by Bank or Post Office: > Rs 50,000 in case of resident senior citizen > Rs 40,000 in other cases of payment to residents Other Interest : Rs 5000 in F.Y. is limit | 10% | |
194B | Winning of lottery , gaming , gambling, etc... |
| 30% | |
194BA | Wining from Online Games | TDS on Net Winning in a person account | 30% | |
194C | Payment to Contractors | Single Payment > Rs 30,000 or Aggregate Payment in Financial Year > Rs 1,00,000 | 1% in case payee is Individual & HUF and 2% in any other payee | |
194D | Insurance Commission | Aggregator Amount in F.Y. > Rs. 15,000 | 5% if payee is non corporate resident 10% if payee is domestic company | |
194G | Commission on Sale of Lottery Tickets | > Rs 15,000 in a F.Y. | 5% | |
194H | Commission / Brokerage | > Rs 15,000 in a F.Y. | 5% | |
194I | Rent | > Rs. 2,40,000 in a F.Y. | 2% for rent on plant and machinery 10% for rent on land or building or furniture or fittings | |
194-IA | Purchase of Immovable Propery other than agri land | >= Rs 50 Lakhs | 1% of Consideration | |
194-IB | Payment of Rent by HUF or Individuals | > Rs 50,000 for a month or part of month | 5% . TDS to be paid at last month of the year or last month of tenancy | |
194-IC | Payment (incuding payment in kind) as per Agreement u/s 45(5A) | No Limit | 10% at time of credit of consideration | |
194J | Fees for Professional or Technical Service/ Royalty / Non Compete Fees / Director's Fee (other than taxable under 192 as Salary) | > Rs 30,000 in a F.Y. for all cases except in case of fees to Directors | 2% in case of payee is only engage in call centre. 2% in case of FTS or Royalty for cinematography files 10% in all other cases | |
194LA | TDS on Compulsory Acquisition of Immovable Property other than Agri Land | > Rs 2.50 Lakhs in a F.Y. | 10% | |
194M | Payment for Contractor, Professional Fees , Commission or Brokerage | > Rs 50 Lakhs in a F.Y. | 5% | |
194O | Sale consideration or consideration for services facilitated through digital or electronic facility or platform | > ` 5 lakhs, being gross amount of sales or service or both in a F.Y. to an e-commerce participant, being individual or HUF and such ecommerce participant has furnished PAN or Aadhar number to the ecommerce operator > No threshold in other cases | 1% of Gross Receipt | |
Purchase of Goods |
| 0.1% of amount exceeding Rs 50 Lakhs ( if buyer sales is more than Rs 10 Crore in preceeding year) |
Note : In case of Section 194A, 194C , 194J , 194H , 194-I, 194-IB , Individual and HUF are applicable to deduct the TDS only if total sales, gross receipts or turnover > 1 crore in case of business or >` 50 lakhs in case of profession during the immediately preceding F.Y.)