No more TDS Stress! Avoid Penalties

Ensure a higher TDS deduction for
inoperative PANs with Clear
Ensure a higher TDS deduction for inoperative PANs with Clear

TDS Rate Chart for FY 2024-25 (AY 2025-26)

Updated on: Jun 10th, 2024

|

108 min read

TDS stands for Tax Deducted at Source. Tax deduction at source (TDS) means collecting tax on income in the form of salary, rent, asset sales, dividends, etc., by requiring the payer to collect income tax due on such income while crediting/paying to the payee and deposit the same to the government on payee’s behalf. Below you’ll find the TDS rate chart, which summarises all the TDS provisions of the Income Tax Act.

TDS Rates in India

The following tables list the various TDS rates applicable to resident and non-resident payments as well as TDS rates on domestic and foreign companies in India. Any person paying income is responsible to deduct tax at source and deposit TDS within the stipulated due date.

TDS Rate Charts for the FY 2023-24 and FY 2024-25

Section

Deductee*  
 

Nature of transaction

Threshold Limit (Rs)

TDS Rate

192

R, NR

Payment of salary

Basic exemption limit of employee

Normal Slab Rates

192A

R, NR

Premature withdrawal from EPF

50,000 

10%   

Budget 2023: TDS rate for EPF withdrawals without a PAN number is now 20%, from the previous maximum marginal rate

193

R

Interest on securities

Debentures- 5,000   

8% Savings (Taxable) Bonds 2003 or 7.75% Savings (Taxable) Bonds 2018- 10,000   

Other securities- No limit

10%
Budget 2023: Exemption of TDS on interest from listed debentures has been removed. Therefore, tax has to be deducted on interest on such specified securities.

194

R

Payment of any dividend

5,000

10%

194A

R

Interest from other than interest from securities (from deposits with banks/post office/co-operative society)

Senior Citizens- 50,000   

Others- 40,000

10%

194A

R

Interest from other than interest on securities u/s 193 and interest from banks/post office/co-operative society.  

For e.g., interest from friends and relatives

5,000

10%

194B

R, NR, FC

Income from lottery winnings, card games, crossword puzzles, and other games of any type

Aggregate income from lottery winnings, card games, crossword puzzles etc- 10,000  

Online Gamine- Refer 194BA

30%

194BA

R, NR, FC

Income from online games

Nil

30%

194BB

R, NR, FC

Income from horse race winnings

10,000  
Aggregate winnings during a financial year not single transaction

30%

194C

R

Payment to contractor/sub-contractor:-

Single transaction- 30,000  

Aggregate transactions- 1,00,000

 

 

 

a) Individuals/HUF

 

1%

 

 

b) Other than Individuals/HUF

 

2%

194D

R

Insurance commission to:

 

 

 

 

a) Domestic Companies

15,000

10%

 

 

b) Other than companies

15,000

5%

194DA

R

Income from the insurance pay-out, while payment of any sum in respect of a life insurance policy.

1,00,000

5%

194E

NR, FC

Payment to non-resident sportsmen/sports association

No limit


20%  
*This rate shall be increased by applicable surcharge and 4% cess

194EE

R, NR

Payment of amount standing to the credit of a person under National Savings Scheme (NSS)

2,500

10%

194F

R, NR

Payment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual Fund

No limit

20%

194G

R, NR, FC

Payments, commission, etc., on the sale of lottery tickets

15,000

5%

194H

R

Commission or brokerage

15,000

5%

194-I

R

Rent:

 

 

 

 

194-I(a) Rent on  
plant and machinery

2,40,000

2%

 

 

194-I(b) Rent on  
land/building/furniture/fitting

2,40,000

10%

194-IA

R

Payment in consideration of transfer of certain immovable property other than agricultural land.

50,00,000

1%

194-IB

R

Rent payment by an individual or HUF not covered u/s. 194-I

50,000 per month

5%

194-IC

R

Payment under Joint Development Agreements (JDA) to Individual/HUF

No limit

10

194J

R

Any sum paid by way of fee for professional services

30,000

10%

194J

R

Any sum paid by way of remuneration/fee/commission to a director

30,000

10%

194J

R

Any sum paid for not carrying out any activity concerning any business;

30,000

10%

194J

R

Any sum paid for not sharing any know-how, patent, copyright, etc.

30,000

10%

194J

R

Any sum paid as a fee for technical services

30,000

2%

194J

R

Any sum paid by way of royalty towards the sale or distribution, or exhibition of cinematographic films

30,000

2%

194J

R

Any sum paid as fees for technical services, but the payee is engaged in the business of operation of the call center.

Prior to June 1, 2017, the rate was 10%

30,000

2%

194K

R

Payment of any income for units of a mutual fund, for example, dividend

No limit

10%

194LA

R

Payment in respect of compensation on acquiring certain immovable property

2,50,000

10%

194LB

NR, FC

Payment of interest on infrastructure debt fund to Non-Resident

No limit


5%  
*This rate shall be increased by applicable surcharge and 4% cess

194LC

NR, FC

Payment of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or the issue of long-term bonds

No limit

5%

194LC

NR, FC

Payment of interest for the loan borrowed in foreign currency by an Indian company or business trust against the issue of long-term bonds listed in IFSC

No limit

4%

194LD

NR, FC

Payment of interest on bond (rupee-denominated) to FII or a QFI

No limit

5%

194LBA(1)

R

Certain income distributed by a business trust to its unitholder 

No limit

10%

194LBA(2)

NR, FC

Interest income of a business trust from SPV distribution to its unitholders

No limit

5%

194LBA(2)

NR, FC

Dividend income of a business trust from SPV, in which it holds the entire share capital exempt the capital held by the government, and distribution to its unitholders

No limit

10%

194LBA(3)

NR

Rental income payment of assets owned by the business trust to the unitholders of such business trust

No limit

30%

194LBA(3)

FC

Rental income payment of assets owned by the business trust to the unitholders of such business trust

No limit

40%

194LBB

R

Certain income paid to a unitholder in respect of units of an investment fund

No limit

10%

194LBB

NR

Certain income paid to a unitholder in respect of units of an investment fund

No limit

30%

194LBB

FC

Certain income paid to a unitholder in respect of units of an investment fund

No limit

40%

194LBC

R

Income from investment in securitisation fund received to an individual and HUF

No limit

25%

194LBC

NR

Income from investment in securitisation fund received to a domestic company

No limit

30%

194LBC

FC

Income from investment in securitisation fund received to a foreign company

No limit

40%

194M

R

Certain payments by Individual/HUF not liable to deduct TDS under Section 194C, 194H, and 194J

50,00,000

5%

194N

R, NR

Cash withdrawal exceeding a certain amount

Co-operative society: 3 Crore  
Others: 1 crore

2%

194N

R, NR

Cash withdrawal in case person not filing ITR for last three years and the original ITR filing due date expired

- 20 lakh to 1 crore  

-1 crore


2%  

 

5%  
*If cash is withdrawn by a co-operative society the limit shall be Rs 3 Crore instead of Rs 1 Crore 

194O

R

Payment for the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform.

5,00,000

1%  
5% in case PAN is not furnished

194P

R

Payment of pension or interest to specified senior citizens of age 75 years or more

Basic exemption limit of senior citizens or super senior citizens

Normal tax slab rates

194Q

R

Payments for the purchase of goods

50,00,000

0.10%

194R  

R

Perquisite or benefit to a business or profession

20,000

10%

194S 

R

TDS on the transfer of virtual digital assets

Specified persons: Individual or a HUF not having income from business or profession OR

Individual or a HUF having sales from business or profession less than 

Specified Persons- 50,000  

Others- 10,000

1%

195

NR

Income on investments made by NRI citizen

No limit

20%

195

NR

Income by way of LTCG referred to in section 115E in the case of NRI

No limit

10%

195

NR, FC

Income by way of LTCG under section 112(1)(c)(iii)

No limit

10%

195

NR, FC

Income by way of LTCG under section 112A

No limit

10%

195

NR, FC

Income by way of STCG under section 111A

No limit

15%

195

NR, FC

Any other income by way of LTCG

No limit

20%

195

NR, FC

Interest payable on money borrowed by the government or Indian concern in foreign currency

No limit

20%

195

NR, FC

Income from royalty payable by the Indian concern or the government, for the copyright in a subject referred in the first proviso of section 115A or computer software referred to in the second proviso of section 115A

No limit

20%

195

NR

Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy

No limit

20%

195

FC

Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy  

If the agreement for such royalty payment is entered in between 31st March 1961 and 1st April 1976

No limit

50%

195

FC

Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy  

If the agreement for such royalty payment is entered after 31st March 1976

No limit

20%

195

NR

Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy

No limit

20%

195

FC

Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy  

If the agreement for such payment is entered in between 29th February 1964 and 1st April 1976

No limit

50%

195

FC

Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy  

If the agreement for such payment is entered after 31st March 1976

No limit

20%

195

NR

Any other income

No limit

30%

195

FC

Any other income

No limit

40%

196B

NR, FC

Income (including LTCG) from units of an offshore fund

No limit

10%

196C

NR, FC

Income (including LTCG) from foreign currency bonds or GDR of an Indian company

No limit

10%

196D

NR, FC

Income (excluding dividend and capital gain) from Foreign Institutional Investors.

No limit

20%

206AB

R

Payment to non-filers, i.e. those who have not filed their income tax return in the last year  

Budget 2023:  
Non-filers do not include:  
- People who are not required to file their ITRs  
- NRs who do not have a PE in India

No limit

- 2 times the rate given in the Income Tax Act or Finance Act or  
- 5%, whichever is higher

206AA

R, NR, FC

TDS rate in case of Non availability of PAN

No limit

Rates specified above or 20%, whichever is higher

*”R” denotes Resident,   
“FC” denotes Foreign company, and  
“NR” denotes Non-Resident.

Note: 

  1. The Normal slab rates from FY 2023-24 for individuals and HUF have changed under the new tax regime.
  2. Applicable surcharge and health and education cess shall be deducted in addition to the TDS rates deducted for NRI and FC deductees.
  3. In the above TDS rate chart, the ‘Resident’ payee under the column ‘TDS deducted’ includes domestic companies.
  4. All TDS amendments introduced in Budget 2023 have been included in the TDS chart above.

Union Budget 2023 New TDS Provisions

Section 194BA – TDS on online gaming

Starting from April 1, 2023, TDS will be deducted on income earned from online gaming. If you win money, the online gaming platform giving you the winnings will deduct 30% TDS on the net winnings. TDS will be deducted when you withdraw the winnings from your account. In case you do not withdraw the winnings by the end of the financial year, then the tax will be deducted on the unwithdrawn amount lying in your account by the end of financial year.

Section 196A – Reduced TDS rate as per tax treaty

When a non-resident earned income from mutual funds in India, the TDS rate was 20%. However, from April 1, 2023, the non-resident can choose to pay a lower tax rate given in the tax treaty by providing a tax residency certificate.

Section 192A – Relaxation for employees without PAN

Starting from April 1, 2023, if an employee does not furnish PAN (Permanent Account Number), they will receive their provident fund balance after a 20% tax deduction. Earlier, tax was deducted at maximum marginal rate (MMR) which would be as high as 42.74%.

Section 193 – Tax deduction on interest from specified securities

Before April 1, 2023, individuals often forgot to report the interest income they earned from specified securities in their income tax returns because TDS was not deducted. Now, starting from April 1, 2023, tax will be deducted from the interest earned on listed securities in dematerialized form. This change will ensure accurate reporting of income in ITR and allow the government to collect appropriate taxes.

Section 194N – Increased TDS threshold for cooperative societies

From April 1, 2023, if a co-operative society withdraws cash, TDS will be applicable when the withdrawal amount exceeds Rs. 3 Crore. This threshold was previously Rs. 1 Crore.

Section 194R – Clarification on TDS deductions for benefits or perquisites

In the 2023 budget, it was clarified that TDS should be deducted on benefits or perquisites, whether they are in cash, in kind, or a combination of both. This rule also applies to Section 28(iv).

New Section 155(20) Credit of TDS in the year of income reporting

If a taxpayer reports income on an accrual basis in one year but the tax on that income is deducted in the following financial year, it can cause mismatch with tax credits. From October 1, 2023, taxpayers can apply for the tax credit in the financial year in which the income is declared in their tax return. The application must be made within two years of the financial year in which the tax credit is reflected.

Overview of TDS Rate Chart for the FY 2023-24 and FY 2024-25

SectionNature of transactionTDS Rate
192Payment of salaryNormal Slab Rates
192APremature withdrawal from EPFWith PAN: 10% 
Without PAN: 20% 
193Interest on securities10% 
194Payment of any dividend10%
194A
  • Interest other than interest from securities (from deposits with banks/post office/co-operative society)
  • Interest from banks/post office/co-operative society
10%
194BIncome from lottery winnings, card games, crossword puzzles etc.30%
194BAIncome from online games30%
194BBIncome from horse race winnings30%
194CPayment to contractor/sub-contractor:- 
       a) Individuals/HUF1%
       b) Other than Individuals/HU2%
194DInsurance commission to: 
       a) Domestic Companies10%
       b) Other than companies5%
194DAInsurance pay-out in respect of a life insurance policy5%
194EPayment to non-resident sportsmen/sports association20% + surcharge + 4% cess
194EEPayment of amount standing to the credit of a person under National Savings Scheme (NSS)10%
194FPayment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual Fund20%
194GPayments, commission, etc., on the sale of lottery tickets5%
194HCommission or brokerage5%
194-IRent: 
     194-I(a) Rent on plant and machinery2%
     194-I(b) Rent on land/building/furniture/fitting10%
194-IAPayment in consideration of transfer of certain immovable property other than agricultural land.1%
194-IBRent payment by an individual or HUF not covered u/s. 194-I5%
194-ICPayment under Joint Development Agreements (JDA) to Individual/HUF10
194JAny sum paid by way of fee for professional services10%
194JAny sum paid by way of remuneration/fee/commission to a director10%
194JAny sum paid for not carrying out any activity concerning any business;10%
194JAny sum paid for not sharing any know-how, patent, copyright, etc.10%
194JAny sum paid as a fee for technical services2%
194JAny sum paid by way of royalty towards the sale or distribution, or exhibition of cinematographic films2%
194JAny sum paid as fees for technical services, but the payee is engaged in the business of operation of the call center.2%
194KPayment of any income for units of a mutual fund, for example, dividend10%
194LAPayment in respect of compensation on acquiring certain immovable property10%
194LBPayment of interest on infrastructure debt fund to Non-Resident
5% + surcharge + 4% cess
194LCPayment of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or the issue of long-term bonds5%
194LCPayment of interest for the loan borrowed in foreign currency by an Indian company or business trust against the issue of long-term bonds listed in IFSC4%
194LDPayment of interest on bond (rupee-denominated) to FII or a QFI5%
194LBA(1)Certain income distributed by a business trust to its unitholder10%
194LBA(2)Interest income of a business trust from SPV distribution to its unitholders5%
194LBA(2)Dividend income of a business trust from SPV, in which it holds the entire share capital exempt the capital held by the government, and distribution to its unitholders10%
194LBA(3)Rental income payment of assets owned by the business trust to the unitholders of such business trust30%
194LBA(3)Rental income payment of assets owned by the business trust to the unitholders of such business trust40%
194LBBCertain income paid to a unitholder in respect of units of an investment fund10%
194LBBCertain income paid to a unitholder in respect of units of an investment fund40%
194LBCIncome from investment in securitisation fund received to an individual and HUF25%
194LBCIncome from investment in securitisation fund received to a domestic company10%
194LBCIncome from investment in securitisation fund received to a foreign company40%
194LBCIncome from investment in securitisation fund received to NRI10%
194MCertain payments by Individual/HUF not liable to deduct TDS under Section 194C, 194H, and 194J5%
194NCash withdrawal from a banking company, co-operative society engaged in  the business of banking or a post office:2%
      Filed ITR during the last three years and cash withdrawal exceeds Rs 3 crore 2%
      In case person has not filed ITR for the last three years
          - total cash withdrawn is more than ₹20 lacs and up to ₹3 Crore in a FY
          - total cash withdrawn is more than ₹3 Crore is a financial year
- 2%  
- 5%  
194OPayment for the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform.1%  
5% in case PAN is not furnished
194PPayment of pension or interest to specified senior citizens of age 75 years or moreNormal tax slab rates
194QPayments for the purchase of goods0.10%
194R Perquisite or benefit to a business or profession10%
194S  TDS on the transfer of virtual digital assets1%
195Income on investments made by NRI citizen20%
195Income by way of LTCG referred to in section 115E in the case of NRI10%
195Income by way of LTCG under section 112(1)(c)(iii)10%
195Income by way of LTCG under section 112A10%
195Income by way of STCG under section 111A15%
195Any other income by way of LTCG20%
195Interest payable on money borrowed by the government or Indian concern in foreign currency20%
195Income from royalty payable by the Indian concern or the government, for the copyright in a subject referred in the first proviso of section 115A or computer software referred to in the second proviso of section 115A10%
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy10%
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy  

If the agreement for such royalty payment is entered in between 31st March 1961 and 1st April 1976
50%
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy  

If the agreement for such royalty payment is entered after 31st March 1976
10%
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy10%
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy  

If the agreement for such payment is entered in between 29th February 1964 and 1st April 1976
50%
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy  

If the agreement for such payment is entered after 31st March 1976
10%
195Any other income30%
195Any other income40%
196BIncome (including LTCG) from units of an offshore fund10%
196CIncome (including LTCG) from foreign currency bonds or GDR of an Indian company10%
196DIncome (excluding dividend and capital gain) from Foreign Institutional Investors.20%
206ABPayment to non-filers, i.e. those who have not filed their income tax return in the last year  

Budget 2023:  
Non filers do not include:  
- People who are not required to file their ITRs  
- NRs who do not have a PE in India
- 2 times the rate given in the Income Tax Act or Finance Act or  
- 5%, whichever is higher
206AATDS rate in case of Non availability of PANRates specified above or 20%, whichever is higher

TDS Rate Chart for the FY 2021-22

TDS Rates Applicable for the Resident of India (Other than a company)

ParticularsTDS Rate
Section 192: Payment of salary  
Section 192A: Premature withdrawal from EPF
Normal Slab Rate  
10%  
 
Section 193: Interest on securities.  
a)  any security of the Central or State Government;  
b) any debentures or securities for money issued by any local authority or a corporation established by a Central, State or Provincial Act;  
c) any debentures (listed on a recognised stock exchange) issued by a company where such debentures are ;  
d) interest on any other security


10%  

10%  



10%  


10%
Section 194: Payment of any dividend10%
Section 194A: Income in the form of interest (other than interest on securities).10%
Section 194B: Income by way of lottery winnings, card games, crossword puzzles, and other games of any type30%
Section 194BB:  Income by way of horse race winnings30%
Section 194C: Payment to contractor/sub-contractor.  
a)   Individuals/HUF  
b)   Others

1%  
2%
Section 194D: Insurance commission5%
Section 194DA: Payment of any sum in respect of a life insurance policy.w.e.f. 1st September 2019, the insurer shall deduct tax (TDS) on the income portion comprised in the insurance pay-out.5%  
 
Section 194EE: Payment of amount standing to the credit of a person under National Savings Scheme (NSS)10%
Section 194F: Payment due to repurchase of a unit by Unit Trust of India (UTI) or a Mutual Fund20%
Section 194G: Payments such as commission, etc., on the sale of lottery tickets5%  
 
Section 194H: Commission or brokerage5%
Section 194-I: Rent on a) Plant and Machinery  
b) Land/building/furniture/fitting w.e.f 1st April 2019, tax deduction limit on rent is increased to Rs 2.4 lakhs p.a. from Rs 1.8 lakhs p.a.  
 

2%  
10%
Section 194-IA: Payment in consideration of transfer of certain immovable property other than agricultural land.  
Section 194-IB: Rent payment by an individual or HUF not covered u/s. 194I  
Section 194-IC: Payment under Joint Development Agreements (JDA) to Individual/HUF
1%  


5%  

10%
Section 194J: Any sum paid by way of:   
(a) Fee for professional services;   
(b) Remuneration/fee/commission to a director;  
(c) For not carrying out any activity in relation to any business;  
(d) For not sharing any know-how, patent, copyright etc.  
(e) Fee for technical services, and  
(f)  Royalty towards the sale or distribution, or exhibition of cinematographic films.  
(g) Fees for technical services but payee is engaged in the business of operation of call centre


10%  
10%  

10%  

10%  

2%  
2%  

2%
Section 194K: Payment of any income for units of a mutual fund as per section 10(23D) or from the administrator or specified company 10%
Section 194LA: Payment in respect of compensation on acquisition of certain immovable property.10%
Section 194LBA(1): Certain income distributed by a business trust to its unitholder10%
Section 194LBB: Certain income paid in respect of units of an investment fund to a unitholder.10%
Section 194LBC: Income frominvestment in securitisation fund  
(a) Individual and HUF  
(b) Others


25%  
30%
Section 194M: Certain payments by Individual/HUF (Limit- Rs 50 Lakhs)5%
Section 194N: Cash withdrawal exceeding a certain amount (limit- Rs 1 crore).  
In case Rs 20 lakh or more is withdrawn by the person not-filing ITR for the last three years, for which the due date of filing ITR has expired, the TDS rates shall be applicable as per below slabs-  
For the amount more than Rs.20 lakh but up to Rs. 1 crore, and And for the amount exceeding Rs. 1 crore 
2%  



2%  

5%
Section 194O: For the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform.1%
Section 194P: Tax deduction by specified banks while making payments (pension or interest) to specified senior citizens or age 75 years or more.Tax on total income as per rates in force
Section 194Q: Payments to residents for the purchase of goods if the aggregate value of goods exceeds Rs 50 lakhs.(TDS is deductible on value exceeding Rs 50 lakhs)0.1%
Any Other Income10%

TDS Rates Applicable on Non Resident Indian (Other than a Company)

ParticularsTDS Rate
Section 192: Payment of salary  
Section 192A: Premature withdrawal from EPF
Normal Slab Rate  
10%  
 
Section 194B: Income by way of lottery winnings, card games, crossword puzzles, and other games of any type30%
Section 194BB:  Income by way of horse race winnings30%
Section 194E: Payment to non-resident sportsman (including an athlete) or an entertainer (not a citizen of India) or non-resident sports association.20%
Section 194EE: Payment of amount standing to the credit of a person under National Savings Scheme (NSS)10%
Section 194F: Payment due to repurchase of a unit by Unit Trust of India (UTI) or a Mutual Fund20%
Section 194G: Payments such as commission, etc., on the sale of lottery tickets5%  
 
Section 194LB: Payment in respect of compensation on acquisition of certain immovable property.5%
Section 194LBA(2): Payment like-  
-interest income received or receivable to a business trust from SPV and distribution to its unitholders.  
-dividend income received from SPV by a business trust, in which it holds the entire share capital other than required to be held by the government or government body, and distribution to its unitholders.


5%  


10%  



 
Section 194LBA(3)- payment in the nature of income in the nature of rental income, out of real estate assets owned directly by such business trust, to unitholders.30%
Section 194LBB: Payment of certain income by an investment fund to a unitholder.30%
Section 194LBC: Income from investment in securitisation fund30%
Section 194LC: Payment in the nature of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or against the issue of long-term bonds*.  
*If interest is payable against long term bonds listed in recognised stock exchange in IFSC
5%  






4%
Section 194LD:  Payment of interest on the bond (rupee-denominated) to Foreign Institutional Investors or a Qualified Foreign Investor.5%
Section 195: Payment of any other sum to NRI:Income on investments made by NRI citizen;  

Income by way of LTCG referred to in section 115E in the case of NRI;  

Income by way of LTCG under section 112(1)(c)(iii);  
Income by way of LTCG under section 112A;  

Income by way of STCG under section 111A;  
Any other income by way of LTCG;  
Interest payable on money borrowed by the government or Indian concern in foreign currency;  

Income from royalty payable to the Indian concern, by government or Indian concern, for the copyright in a subject referred in the first proviso of section 115A or computer software referred to in the second proviso of section 115A   
Income from royalty payable to the Indian concern by government or Indian concern in pursuance of an agreement on matters related to industrial policy;  
Income from technical fees to the Indian concern by government or Indian concern in pursuance of an agreement on matters related to industrial policy;  

Any other income.

20%  


10%  

10%  

10%  

15%  

20%  
20%  


10%  






10%  




10%  




30%
Section 196B: Income (including LTCG) from units of an offshore fund.10%
Section 196C: Income (including LTCG) from foreign currency bonds or GDR of an Indian company10%
Section 196D: Income (excluding dividend and capital gain) from Foreign Institutional Investors.20%

TDS Rate Charts Where the Company is a Domestic Company

ParticularsTDS Rate
Section 192: Payment of salary  
Section 192A: Premature withdrawal from EPF
Normal Slab Rate  
10%  
 
Section 193: Interest on securities.  
a)  any security of the Central or State Government;  
b) any debentures or securities for money issued by any local authority or a corporation established by a Central, State or Provincial Act;  
c) any debentures (listed on a recognised stock exchange) issued by a company where such debentures are ;  
d) interest on any other security


10%  

10%  



10%  


10%
Section 194: Payment of any dividend10%
Section 194A: Income in the form of interest (other than interest on securities).10%
Section 194B: Income by way of lottery winnings, card games, crossword puzzles, and other games of any type30%
Section 194BB:  Income by way of horse race winnings30%
Section 194C: Payment to contractor/sub-contractor.  
a)   Individuals/HUF  
b)   Others



1%  
2%
Section 194D: Insurance commission10%
Section 194DA: Payment of any sum in respect of a life insurance policy.w.e.f. 1st September 2019, the insurer shall deduct tax (TDS) on the income portion comprised in the insurance pay-out.5%  
 
Section 194EE: Payment of amount standing to the credit of a person under National Savings Scheme (NSS)10%
Section 194F: Payment due to repurchase of a unit by Unit Trust of India (UTI) or a Mutual Fund20%
Section 194G: Payments such as commission, etc., on the sale of lottery tickets5%  
 
Section 194H: Commission or brokerage5%
Section 194-I: Rent on a) Plant and Machinery  
b) Land/building/furniture/fitting w.e.f 1st April 2019, tax deduction limit on rent is increased to Rs 2.4 lakhs p.a. from Rs 1.8 lakhs p.a.  
 

2%  
10%
Section 194-IA: Payment in consideration of transfer of certain immovable property other than agricultural land.  
Section 194-IC: Payment under Joint Development Agreements (JDA) to Individual/HUF
1%  


10%
Section 194J: Any sum paid by way of:   
(a) Fee for professional services;   
(b) Remuneration/fee/commission to a director;  
(c) For not carrying out any activity in relation to any business;  
(d) For not sharing any know-how, patent, copyright etc.  
(e) Fee for technical services, and  
(f)  Royalty towards the sale or distribution, or exhibition of cinematographic films.  
(g) Fees for technical services but payee is engaged in the business of operation of call centre


10%  
10%  

10%  

10%  

2%  
2%  

2%
Section 194K: Payment of any income for units of a mutual fund as per section 10(23D) or from the administrator or specified company 10%
Section 194LA: Payment in respect of compensation on acquisition of certain immovable property.10%
Section 194LBA(1): Certain income distributed by a business trust to its unitholder10%
Section 194LBB: Certain income paid in respect of units of an investment fund to a unitholder.10%
Section 194LBC: Income from investment in securitisation fund  
 
10%  

 
Section 194M: Certain payments by Individual/HUF (Limit- Rs 50 Lakhs)5%
Section 194N: Cash withdrawal exceeding a certain amount (limit- Rs 1 crore).  
In case Rs 20 lakh or more is withdrawn by the person not-filing ITR for the last three years, for which the due date of filing ITR has expired, the TDS rates shall be applicable as per below slabs-  
For the amount more than Rs.20 lakh but up to Rs. 1 crore, and And for the amount exceeding Rs. 1 crore 
2%  








2%  

5%
Section 194O: For the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform.1%
Section 194Q: Payments to residents for the purchase of goods if the aggregate value of goods exceeds Rs 50 lakhs.(TDS is deductible on value exceeding Rs 50 lakhs)0.1%
Any Other Income10%

TDS Rates Where the Company is Not a Domestic Company

ParticularsTDS Rate
Section 194B: Income by way of lottery winnings, card games, crossword puzzles, and other games of any type30%
Section 194BB:  Income by way of horse race winnings30%
Section 194E: Payment to non-resident sportsman (including an athlete) or an entertainer (not a citizen of India) or non-resident sports association.20%
Section 194G: Payments such as commission, etc., on the sale of lottery tickets5%  
 
Section 194LB: Payment in respect of compensation on acquisition of certain immovable property.5%
Section 194LBA(2): Payment such as-  
-interest income received or receivable to a business trust from SPV and distribution to its unitholders.  
-dividend income received from SPV by a business trust, in which it holds the entire share capital other than required to be held by the government or government body, and distribution to its unitholders.


5%  


10%  



 
Section 194LBA(3)- payment in the nature of income in the nature of rental income, out of real estate assets owned directly by such business trust, to unitholders.40%
Section 194LBB: Payment of certain income by an investment fund to a unitholder.40%
Section 194LBC: Income from investment in securitisation fund40%
Section 194LC: Payment in the nature of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or against the issue of long-term bonds*.  
*If interest is payable against long term bonds listed in recognised stock exchange in IFSC
5%  




4%
Section 194LD:  Payment of interest on the bond (rupee-denominated) to Foreign Institutional Investors or a Qualified Foreign Investor.5%
Section 195: Payment of any other sum, such as-Income by way of LTCG under section 112(1)(c)(iii);  
Income by way of LTCG under section 112A;  
Income by way of STCG under section 111A;  
Any other income by way of LTCG;  
Interest payable on money borrowed by the government or Indian concern in foreign currency;  
Income from royalty payable to the Indian concern, by government or Indian concern, for the copyright in a subject referred in the first proviso of section 115A or computer software referred to in the second proviso of section 115A (an agreement made after 1st March 1976);  
Income from royalty payable to the Indian concern by government or Indian concern in pursuance of an agreement on matters related to industrial policy. Where the agreement is made after-  
31st March 1961 but before 1st April 1976-31st March 1976  
Income from technical fees to the Indian concern by government or Indian concern in pursuance of an agreement on matters related to industrial policy. Where agreement is made after-  
29th February 1964 but before 1st April 197631st March 1976  
Any other income.  

 

10%  

10%  

15%  

20%  
20%  


10%  














50%  
10%  







50%  
10%  
40%
Section 196B: Income (including LTCG) from units of an offshore fund.10%
Section 196C: Income (including LTCG) from foreign currency bonds or GDR of an Indian company10%
Section 196D: Income (excluding dividend and capital gain) from Foreign Institutional Investors.20%

TDS Rates for the FY 2020-21

Reduction in TDS rates due to COVID-19

The government has provided relief in the TDS rates for the period 14.05.2020 to 31.03.2021, due to the pandemic and resultant lockdown affecting all sectors of the economy. The relief is limited to the TDS rates only and not for the rates where tax needs to be deducted or collected at a higher rate. The benefit of revision applies to only Resident Indians. Hence, Non residents cannot claim benefits of the same.  
 

TDS Rates Applicable for Resident of India

ParticularsTDS Rate (%)TDS Rates from 01.04.2020 to 13.05.2020TDS Rates from 14.05.2020 to 31.03.2021
Section 192: Payment of salary Section 192A: Premature withdrawal from EPFNormal Slab Rate   
10   

 
Normal Slab Rate 10Normal Slab Rate   
10
Section 193: Interest on securities.   
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;   
b) any debentures issued by a company where such debentures are listed on a recognized stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;   
c) any security of the Central or State Government;   
d) interest on any other security
10107.5
Section 194: Dividend other than the dividend as referred to in Section 115-O10107.5
Section 194A: Income by way of interest other than “Interest on securities”   
w.e.f 1st April 2018, interest up to Rs. 50,000 earned by senior citizens on:   
– deposit with banks   
– deposit with post offices   
– fixed deposits schemes   
– recurring deposit schemes   
will be exempt from TDS   
w.e.f 1st April 2019, TDS on the interest income from post offices and bank deposits have increased up to Rs. 40,000 from the present limit of Rs. 10,000.
10107.5
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort303030
Section 194BB: Income by way of winnings from horse races303030
Section 194C: Payment to contractor/sub-contractors.   
a)   HUF/Individuals   
b)   Others

1  
2

1  
2

0.75   
1.5
Section 194D: Insurance commission5 (w.e.f 01.06.2016)   
(10% from 01.04.2015 to 31.05.2016
5   

 
3.75
Section 194DA: Payment in respect of a life insurance policy5   
(w.e.f 01.09.2015)   
1   
(w.e.f 01.06.2016)   
(2% from 01.04.2015 to 31.05.2016)
53.75
Section 194EE: Payment in respect of deposit under National Savings scheme10   
(w.e.f 01.06.2016)   
(20% from 01.04.2015 to 31.05.2016)
107.5
Section 194F: Payment on account of repurchase of a unit by Mutual Fund or Unit Trust of India202015
Section 194G: Commission, etc., on the sale of lottery tickets5   
(w.e.f  01.06.2016)   
(10 % from 01.04.2015 to 31.05.2016)
53.75
Section 194H: Commission or brokerage5   
(w.e.f  01.06.2016)   
(10 % from 01.04.2015 to 31.05.2016)
53.75
Section 194-I: Rent on   
a) Plant & Machinery   
b) Land or building or furniture or fitting W.e.f 1st April 2019, TDS limit for deduction of tax on rent is increased to Rs. 2,40,000 p.a from Rs.1,80,000 p.a.

(a) 2   
(b) 10

(a) 2   
(b) 10

1.5   
7.5
Section 194-IA: Payment on transfer of certain immovable property other than agricultural land   
Section 194 – IB: Rent payable by an individual or HUF not covered u/s. 194I (w.e.f from 01.06.2017)  





Section 194 – IC:  Payment under Joint Development Agreements to Individual/HUF   
(w.e.f. 01.04.2017)
1     

5 (w.e.f from 01.06.2017)   
(If payment of Rent exceeds Rs. 50,000/- per month. )   

10
1  

5   






10
0.75   

3.75   






7.5
Section 194J: Any sum paid by way of:    
(a)  Fee for professional services   
(b)  Remuneration/fee/commission to a director ore)  
(c) For not carrying out any activity in relation to any business.    
(d) For not sharing any know-how, patent, copyright etc.   
(e) Fee for technical services and   
(f)  Royalty towards the sale or distribution or exhibition of cinematographic films.

10   




2

10   




2

7.5   




1.5
Section 194 K:Payment of any income in respect of   
(a) units of a mutual fund as per section 10(23D); or   
(b) the units from the administrator; or   
(c) units from specified company   
(w.e.f. 01.04.2020)
10107.5
Section 194LA: Payment of compensation on acquisition of certain immovable property10107.5
Section 194LBA: Certain income distributed by a business trust to its unit holder10107.5
Section 194LBB: Certain income paid by an investment fund to its investors10107.5
Section 194 LBC:Income in respect of investment in securitization fund   
(a) Individual and HUF   
(b) Others


25   
30


25   
30


18.75   
22.5
Section 194M: Certain payments by Individual/HUF (Limit – 50 Lakhs)553.75
Section 194N:Payment of certain amount in cash (Limit 1 Crore)222
Section 194N:Payment of certain amount in cash (first proviso of section 194N) if-   
–  The amount is more than Rs.20 lakh but up to Rs. 1 crore   
–  The amount exceeds Rs. 1 crore (Applicable from 01.07.2020)




2   
5


2   
5
Section 194O: Applicable for e-commerce operator for the sale of goods or provision of services facilitated by it through its digital or electronic facility or platform (Applicable from 01.10.2020)10.75
Any Other Income101010

TDS Rates Applicable for Non-Resident of India (NRIs)

ParticularsTDS Rate (%)TDS Rates from 01.04.2020 to 13.05.2020TDS Rates from 14.05.2020 to 31.03.2021
Section 192: Payment of Salary  
Section 192A: Premature withdrawal from EPF
Normal Slab Rate   
10
Normal Slab Rate   
10
Normal Slab Rate   
10
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort303030
Section 194BB: Income by way of winnings from horse races303030
Section 194E: Payment to non-resident sportsmen/sports association202020
Section 194EE: Payment in respect of deposits under National Savings Scheme10 1010
Section 194F: Payment on account of repurchase of a unit by Mutual Fund or Unit Trust of India202020
Section 194G: Commission, etc., on sale of lottery tickets55
Section 194LB: Payment of interest on infrastructure debt fund555
Section 194LBA: Income from units of business trust  
– interest received or receivable from a special purpose vehicle; or  
– dividend referred to in sub-section (7) of section 115-O
 5   
10

5   
10

5   
10
Section 194LBC: Income in respect of investment in securitization fund303030
Section 194LC: Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)555
Section 194LD: Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor555
Section 194N: Payment of a certain amount in cash (Limit 1 Crore)222
Section 194N: Payment of certain amount in cash (first proviso of section 194N)if  
-–  The amount is more than Rs.20 lakh but up to Rs. 1 crore  
–  The amount exceeds Rs. 1 crore (Applicable from 01.07.2020)
 25 25
Section 195: Payment of any other sum to a Non-resident   
a) Income in respect of investment made by a Non-resident Indian Citizen202020
b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen101010
c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-section (1) of Section 193101010
d) Income by way of short-term capital gains referred to in Section 111A151515
e) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of Section 10]202020
f) Income by way of interest payable by Government or an Indian concern on money 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 194LC202020
g) 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 a 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 India101010
h) Income by way of royalty [not being royalty of nature referred to in sub-item (b)(i)(F)] 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 policy101010
i) 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 policy101010
j) Any other income303030
Section 196A: Income in respect – of units of a Mutual Fund specified under clause (23D) of section 10; or-from the specified company referred to in the Explanation to clause (35) of section 10202020
Section 196B: Income from units (including long-term capital gain on transfer of such units) to an offshore fund101010
Section 196C: Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)101010
Section 196D: Income of Foreign Institutional Investors from securities (not being a dividend or capital gain arising from such securities)202020

TDS Rates Applicable for a Domestic Company

ParticularsTDS Rate (%)TDS Rates from 01.04.2020 to 13.05.2020TDS Rates from 14.05.2020 to 31.03.2021
Section 193: Interest on securities   
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;   
b) 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;   
c) any security of the Central or State Government;   
d) interest on any other security
10107.5
Section 194: Dividend10107,5
Section 194A: Income by way of interest other than “Interest on securities”10107.5
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort303030
Section 194BB: Income by way of winnings from horse races303030
Section 194C: Payment to contractor/sub-contractor   
a) HUF/Individuals   
b) Others

1   
2

1   
2

0.75   
1.5
Section 194D: Insurance commission101010
Section 194DA: Payment in respect of the life insurance policy5   
(w.e.f 01.09.2015) 1   
(  w.e.f 01.06.2016)   
(2% from 01.04.2015 to 31.05.2016)
53.75
Section 194EE: Payment in respect of deposit under National Savings scheme10   
(w.e.f 01.06.2016)   
(20% from 01.04.2015 to 31.05.2016)
107.5
Section 194F: Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India202015
Section 194G: Commission, etc., on sale of lottery tickets5   
(w.e.f  01.06.2016)   
(10 % from 01.04.2015 to 31.05.2016)
53.75
Section 194H: Commission or brokerage5  
(w.e.f  01.06.2016)   
(10 % from 01.04.2015 to 31.05.2016)
53.75
Section 194-I: Rent   
a) Plant & Machinery   
b) Land or building or furniture or fitting

2   
10

2   
10

1.5   
7.5
Section 194-IA: Payment on transfer of certain immovable property other than agricultural land Section 194 – IB: Rent payable by an individual or HUF not covered u/s. 194I (w.e.f from 01.06.2017)   



Section 194 – IC:  Payment under Joint Development Agreements to Individual/HUF (w.e.f. 01.04.2017)
1   

5   
(w.e.f from 01.06.2017)   
(If payment of Rent exceeds Rs. 50,000/- per month. )   

10
1   


5   






10
0.75  

3.75   







7.5
Section 194J: Any sum paid by way of   
a) Fee for professional services   
(b) Remuneration/fee/commission to a director   
(c) For not carrying out any activity in relation to any business  
(d) For not sharing any know-how, patent, copyright etc.   
e) Fee for technical services and   
(f)  Royalty towards the sale or distribution or exhibition of cinematographic films.

10   



2

10   



2

7.5   



1.5
Section 194LA: Payment of Compensation on the acquisition of certain immovable property10107.5
Section 194LBA: Certain income distributed by a business trust to its unit holder10107.5
Any Other Income10107.5

TDS Rates Applicable for a company other than Domestic Company

ParticularsTDS Rate (%)TDS Rates from 01.04.2020 to 13.05.2020TDS Rates from 14.05.2020 to 31.03.2021
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort303030
Section 194BB: Income by way of winnings from horse races303030
Section 194E: Payment to the non-resident sports association202020
Section 194G: Commission, etc., on the sale of lottery tickets555
Section 194LB: Payment of interest on infrastructure debt fund555
Section 194LBA: Certain income distributed by a business trust to its unit holder555
Section 194LBC: Income in respect of securitization of funds404040
Section 194LC: Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)555
Section 194LD: Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor555
Section 195: Payment of any other sum) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-section (1) of Section 112101010
b) Income by way of short-term capital gains referred to in Section 111A151515
c) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of Section 10]202020
d) Income by way of interest payable by Government or an Indian concern on money 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)202020
e) 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 and where such royalty is in consideration for the transfer of all or any rights (including the granting of a license) 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 India101010
f) Income by way of royalty [not being royalty of nature referred to in sub-item (b)(iv)] 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—101010
A. where the agreement is made after the 31st day of March 1961 but before the 1st day of April 1976.  
B. where the agreement is made after the 31st day of March 1976
50   

10
50   

10
50   

10
g) 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—   
A. where the agreement is made after the 29th day of February 1964 but before the 1st day of April, 1976  
B.where the agreement is made after the 31st day of March 1976  
Any other income
50    

10   
40
50    

10   
40
50    

10   
40
Section 196B: Income from units (including long-term capital gain on transfer of such units) to an offshore fund101010
Section 196C: Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)101010
Section 196D: Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)202020

Related Articles

TDS Interest Calculator

How to file TDS for the first time using ClearTDS

How to generate Form 16 (part B) from TDS return?

What happens if I do not file my TDS returns on time?

How to download your CSI File

How to create a Nil Challan

How to file TDS on the Sale of Property

How to validate Certificate U/S 197 from Assessing Officer

How do I correct form details after filing?

Frequently Asked Questions

What are the responsibilities of the person deducting tax at source (TDS)?

Following are the basic responsibilities of the person who is liable to deduct TDS.

  • Obtain Tax Deduction Account Number (TAN) and mention the same in all the documents of TDS.
  • Deduct TDS at the applicable rate.
  • Deposit the tax deducted to the Government account (within the specified due dates).
  • Periodically file TDS statements, i.e., TDS return (within the specified due date).
  • Issue the TDS certificate (Form 16 or Form 16A) to the payee in respect of TDS deducted by him (within the specified due dates).
What to do if there is any mistake in deduction of Tax at Source (TDS)?

Sometimes due to ignorance or otherwise, the person may deduct TDS at the rates lower than the rates prescribed in the Act. Hence, it is important that before filing the TDS return, the rate at which TDS is deducted should be verified for every transaction. If any case is found where the TDS is shortly deducted, If such a case is found then the balance tax should immediately be deposited vide a new challan.  
 

Whether TDS should be deducted on payment made to the Government?

No, tax should be deducted by any person from any sum payable to-

1. the Government, or

2. the Reserve Bank of India (RBI), or

3. a corporation established under a Central Act whose income is exempt from income-tax, or

4. a Mutual Fund specified under clause (23D) of section 10, where the amount is payable to it as interest or dividend in respect of any shares/securities owned by it or in which the specified mutual funds has full beneficial interest, or any other income accruing or arising to it.  
 

Where can we check the amount of TDS credit available?

The amount of TDS credit can be checked under Form 26AS.

Public Discussion

Get involved!

Share your thoughts!

summary-logo

Quick Summary

TDS refers to Tax Deducted at Source for different payments, with various rates. The 2023 budget introduces changes in TDS, like increased rates for EPF and online gaming winnings, TDS on listed securities interest, etc. The content provides detailed TDS rate charts for resident and non-resident payments. New provisions and relief due to COVID-19 are also highlighted.

Was this summary helpful?
liked-feedbackliked-feedback

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company PolicyTerms of use

ISO

ISO 27001

Data Center

SSL

SSL Certified Site

128-bit encryption