Rates for TDS (Deduction of Tax at Source) in case of a Person other than a Company for Financial Year 2020-21 (Assessment Year 2021-22) |
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Rates of TDS |
1 |
on income by way of interest other than “Interest on securities” |
10% |
2 |
on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort |
30% |
3 |
on income by way of winnings from horse races 30%; (iv) |
30% |
4 |
on income by way of insurance commission |
5% |
5 |
on income by way of interest payable on— |
10% |
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(A) 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; |
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(B) any debentures issued by a company where such debentures are listed on a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 and any rules made thereunder; |
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(C) any security of the Central or State Government; |
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6 |
on any other income |
10% |
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Rates of TDS |
1 |
on any investment income |
20% |
2 |
on income by way of long-term capital gains referred to in section 115E or sub-clause (iii) of clause (c) of sub-section (1) of section 112 |
10% |
3 |
on income by way of long-term capital gains referred to in section 112A |
10% |
4 |
on other income by way of long-term capital gains [not being capital gains referred to in clauses (33) and (36) of section 10] referred to in section 112A exceeding ₹1,00,000 |
20% |
5 |
on income by way of short-term capital gains referred to in section 111A |
15% |
6 |
on income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in section 194LB or section 194LC) |
20% |
7 |
on income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of section115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of section115A of the Income-tax Act, to a person resident in India |
10% |
8 |
on income by way of royalty [not being royalty of the nature referred to in sub-item (b)(i)(G)] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy |
10% |
9 |
on income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy |
10% |
10 |
on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort |
30% |
11 |
on income by way of winnings from horse races |
30% |
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Rates of TDS |
1 |
on income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in section194LB or section 194LC) |
20% |
2 |
on income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of section 115A of the Income-tax Act, to a person resident in India |
10% |
3 |
on income by way of royalty [not being royalty of the nature referred to in sub-item (b)(ii)(B)] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy |
10% |
4 |
on income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy |
10% |
5 |
on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort |
30% |
6 |
on income by way of winnings from horse races |
30% |
7 |
on income by way of short-term capital gains referred to in section 111A |
15% |
8 |
on income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-section (1) of section 112 |
10% |
9 |
on income by way of long-term capital gains referred to in section 112A exceeding ₹1,00,000 |
10% |
10 |
on income by way of other long-term capital gains [not being long term capital gains referred to in clauses (33) and (36) of section 10] |
20% |
11 |
on the whole of the other income |
30% |
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