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Rates of TDS |
1 |
192A — |
Payment of accumulated balance due to an employee participating in a recognised provident fund |
10% |
2 |
194 — |
Payment of dividend by a Domestic Company |
10% |
3 |
194C — |
Payment to Contractor/Sub-contractor |
1%
where payment made to individual/HUF. 2%
in other cases |
4 |
194DA |
Payment made to a resident of any sum under a life insurance policy which is not exempt u/s 10(10D) |
1%
of sum paid upto 31.8.2019
5%
of the income comprised in the sum paid
[W.e.f. 1.9.2019] |
5 |
194E — |
Payment to non-resident sportsmen or sports associations or an entertainer |
20% |
6 |
194EE — |
Payment in respect of deposits under National Savings Scheme covered u/s 80CCA |
10% |
7 |
194G — |
Commission, etc. on sale of Lottery Tickets |
5% |
8 |
194H — |
Commission and Brokerage |
5% |
9 |
194-I — |
Rent — |
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>> For the use of any machinery or plant or equipment |
2% |
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>> For the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings— In case the payee is individual or HUF |
10% |
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>> In any other case |
10% |
10 |
194-IA — |
Transfer of immovable properties (other than agricultural land)
Consideration for immovable property” shall include all charges of the nature of club membership fee, car parking fee, electricity or water facility fee, maintenance fee, advance fee or any other charges of similar nature, which are incidental to transfer of the immovable property. |
1% |
11 |
194-IB |
) Payment of rent by certain individuals or Hindu undivided family (other than those referred to in the second proviso to section 194-I) |
5% |
12 |
194-IC |
Payment of consideration, not being a consideration in kind under specified agreement (i.e. development agreement referred to in section 45(5A)) |
10% |
13 |
194J — |
Fee for professional or technical services or royalty or noncompete fee or w.e.f. 1.7.2012 any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company. |
10% |
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- In case of fees for technical services (not being a professional services) or royalty, where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films.
|
2% |
|
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- Further, in case of a payee engaged only in the business of operation of call centre
|
2% |
14 |
194K — |
Payment of income in respect of units other than the income which is in the nature of capital gain. |
10% |
15 |
194LA — |
Payment of compensation on acquisition of certain immovable property other than payment of any award or agreement which has been exempted from levy of incometax under section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabiliation and Resettlement Act, 2013 (RFCTLAAR Act) |
10% |
16 |
194LB — |
Income by way of interest payable to non-resident (other than a company) or a foreign company by Infrastructure Debt Fund |
5% |
17 |
194LBA— |
Any distributed income referred to in section 115UA payable by a business trust to its unit holder: |
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— where the payment is made to a resident |
10% |
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— where the payment is made to a non-resident or a foreign company |
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(i) in case of income of the nature referred to in section 10(23FC)(a) |
5% |
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(ii) in case of income of the nature referred to in section 10(23FC)(b)
- Provided that the special purpose vehicle referred to section 10(23FC) has exercised option under section 115BAA
|
10% |
18 |
194LBC — |
Income in respect of investment in securitisation trust— |
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(i) where the payee is an individual or HUF |
25% |
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(ii) where the payee is any other person |
30% |
19 |
194LBB — |
Income in respect of units of investment fund |
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(i) where the payee is a resident |
10% |
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(ii) where the payee is a non-resident |
at the rate in force |
20 |
194LC — |
(1) Income by way of interest payable to non-resident (other than a company) or to a foreign company by an Indian company or a business trust on account of money borrowed in foreign currency by an Indian company;
(i) in respect of money borrowed in foreign currency from a source outside India— |
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(a) under a loan agreement at any time on or after 1-7- 2012 but before 1-7-2023; or |
5% |
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(b) by way of issue of long-term infrastructure bonds at any time on or after 1-7-2012 but before 1-10- 2014; or |
5% |
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(c) by way of issue of any long-term bond including long-term infrastructure bond at any time on or after 1-10-2014 but before 1-7-2023, |
5% |
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(ia) in respect of monies borrowed by it from a source outside India by way of issue of rupee denominated bond before 1.7.2023 |
5% |
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(ib) in respect of monies borrowed by it from a source outside India by way of issue of any long-term bond or rupee denominated bond on or after 1.4.2020 but before 1.7.2023, which is listed only on a recognised stock exchange located in any International Financial Services Centre |
4% |
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(ii) to the extent to which such interest does not exceed the amount of interest calculated at the rate approved by the Central Government in this behalf, having regard to the terms of the loan or the bond and its repayment. |
|
21 |
194LD — |
Income by way of interest on— |
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(i) rupee dominated bonds and Government securities payable on or after 1-6-2013 but before 1-7-2023 to a foreign institutional investor or a qualified foreign investor |
5% |
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(ii) on or after 1.4.2020 but before 1.7.2023 in respect of investment made by the payee in municipal debt securities
In case of rupee dominated bond, the interest shall not exceed the rate as the Government may notify |
5% |
22 |
194M - |
Payment of any sum to any resident for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract or by way of fees for professional services during the financial year, by an individual or HUF (other than those who are required to deduct income-tax as per the provisions of section 194C or section 194J) |
5% |
23 |
194N - |
Any sum, or, as the case may be, aggregate of sums, in cash, in excess of ₹1 crore during the previous year
From 1.7.2020, in case of a recepient who has not filed the returns of income for all of the three assessment years relevant to the three previous years, for which the time limit of file return of income under section 139 has expired, immediately preceding the previous year in which the payment of the sum is made to him, the rate of TDS shall be 2% in case of cash withdrawal exceeding Rs.20 lakhs rupees and 5% in case of cash withdrawal exceeding Rs.1 Cr. rupees. |
2% |
24 |
194-O— |
W.e.f. 1.10.2020, Payment of certain sums by ecommerce operator to e-Commerce participant |
1%
of the gross amount of sales or services or both |
25 |
196B — |
Income and long-term capital gains from units to an offshore fund |
10% |
26 |
196C — |
Income and long-term capital gains from Foreign Currency Bonds or Shares of Indian Companies |
10% |
27 |
196D — |
Income of Foreign Institutional Investors for Securities |
20% |
28 |
206C — |
Tax collected at source in certain cases |
1% to 5% |
29 |
206C(1G) — |
W.e.f. 1.10.2020, Tax collected at source in case of— |
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(i) Remittance under Liberalized Remittance Scheme on amount exceeding Rs.7 lakhs. |
5% |
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(ii) Overseas tour program package |
5% |
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(iii)Where the amount being remitted out is a loan obtained from any financial institutions as defined in section 80E, for the purpose of pursuing any education on amount exceeding Rs.7 lakhs. |
0.5% |
30 |
206C(1H) — |
W.e.f. 1.10.2020, Tax collected at source in case of receipt of consideration for sale of goods other than goods being exported out of India or goods covered in section 206C(1F) and (1G) |
0.1%
of the value or aggregate value exceeding ₹50,00,000 |
