TDS RATE CHART FY: 2022-23 (AV: 2023-24)

Section Nature of Payment Threshold lndv / HUF Others

Rs. Existing TDS Rate(%)

192 Salaries Avg

192A Premature wlthdrawal from EPF S0000 10
193 Interest on Securities 10000 10 10
194 Dividends S000 10 110
194A Interest (Banks) 40000 10 10
194A Interest (Others) 5000 10 10
194A Senior Citizen 50000 10
1948 Winning from Lotteries 10000 30 30
19488 Winning from Horse Race 10000 30 30
194C Contractor - Single Transaction 30000 1 2
194C Contractor - During the F.Y. 1 Laich 1 2

194C Transporter (44AE) declaration with PAN

1940 Insurance Commission (1 SG - 1SH allowed) 1S000 s 10

1940A Life insurance Policy 1 Laich s s
194E Non-Resident Sportsmen or Sports 20 20
Association

194EE NSS 2.S00 10 10

194F Repurchase Units by MFs 20 20

194G Commission - Lottery 15000 s s
194H Commission / Brokerage 1S000 s s
1941(a) Rent for plant &machinery 2.401.alch 2 2
1941(b) R.e nt for land, building &furniture 2.40Lakh 10 10

1941A Transfer of certain immovable property S01.alch 1 1

other than agriculture land

1941C Payment under specified agreement 10 10

applicable for FY: 2017-18 onwards
194J(a) Fees-tech srvcs, call centre, royalty 30000 2 2
for sale etc.

l~J(b) Fee for professional service or royalty etc. 30000 10 110

1941( Payment of dividend by Mutual Funds 5000 10 ·10

194l.A Compensation on transfer of certain 250Lakh 10 10

immovable property other than
agricultural land

194LA Immovable Property (TDS exempted

under RFCTLARR Act (wef 01.04.2017)

194l8 Income by way of Interest from s s

infrastructure debt fund (non-resident)

194LBA Certain Income from units of a business 10 10

trust (applicable from 01 .10.2014)

194LBA Certain Income from units of a business s s

trust to non resident
(applicable from 01 .10.2014)
 TDS RATE CHART FY: 2022-23 (AV: 2023-24)
Section Nature of Payment Threshold lndv / HUF Others

Rs. Existing TOS Rate(%)

194LBB Income In respect of units of Investment 10% For Residents, 1o-Mi For Residents,
fund 30%ForNon- 40%ForNon-
Residents Residents
194LBC Income In respect of investment in 30% For Residents, 3o-Mi ifor Residents,
securltlzatlon trust 40%ForNon- 40% ForNon-
Residents, Residents,
25% for Individual 25% for Individual
and HUF and HUF
194LC Income by way of interest by an Indian s s
specified company to a non-resident/
foreign company on foreign currency
approved loan / long-term Infrastructure
bonds from outsld• lndla (applicable from
July 1, 2012)
194LD Interest on certain bonds and Govt. s 5
Securities (from 01.06.2013)
194M Payment to commission, brokerage etc. SOL.akh s 5
by lndlvual and HUF

194N Cash withdrawal lnexcHs of 1 crore 1 crore 2 2

during the previous year from one or
more account with a bank or co-operative
society (wef 01.09.2019)
1940 TDS on e-commerce partidpants S Lakh 1% (01.10.2020) 1% (01.10.2020)

194P TDS In case of Specified Senior Citizen Rates In Force Not Applicable
194Q TOS on Purchase of Goods exceeding In Excess of 0.1 0.1
Rs. 50 Lakhs (Applkable From Rs. S0Lakhs
01-July-2021)

Note : TDS Rates without PAN - 20% flat (lfTDS rate Is lower than 20IH.l

Notes:

1. The above list covers most of the sections applicable for domestic transactions

2. Section • 206AA Notwithstanding anything contained in any other provisions of the Income Tax Act-1961,
any person entitled to receive any sum or income or amount, on which tax i s deductible
under Chapter XVll8 (hereafter referred to as deductee) shall furnish his Permanent
Account Number to the person responsible for deducting such tax (i.e. deductor), failing
which tax shall be deducted at the higher of the following rates, namely:-
(i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force; or
(ill) at the rate of twenty per cent:
Provided that where the tax is required to be deducted under section 194·0, the
provisions of clause (iii) shall apply as if for the words "twenty per cent", the words "five
per cent" had been substituted.
Provided further that where the tax Is required to be deducted under section 1940, the
V
provisions of clause (iii) shall apply as If for the words "twenty per cent", t he words "five
per cent" had been substituted.

3. Section - 206AB Notwithstanding anything contained in any other provisions of the Income Tax Act-1961,
where tax is required to be deducted at source under the provisions of Chapter XV118,
other than sections 192, 192A, 1948, 19488, 194LBC or 194N on any sum or income or
amount paid, or payable or credited, by a person to a specified person, the tax shall be
deducted at the higher of the following rates, namely: -
(1) at twice the rate specified in the relevant provision of the Act; or
(ii) at twice the rate or rates in force; or
(iii) at the rate of five per cent.
If the provisions of section 206AA is applicable to a specified person, in addition to the
provision of this section, the tax shall be deducted at higher of the two rates provided in
this section and in section 206AA.
For the purposes of this section "specified person" means a person who has not filed the
returns of income for both of the two assessment years relevant to the two previous years
immediately prior to the previous year In which tax is required to be deducted, for which
the time limit of filing return of income under sub-section (1) of section 139 has expired;
and the aggregate of tax deducted at source and tax collected at source In h is case Is
rupees fifty thousand or more In each of these two previous years
Provided that the specified person shall not include a non-resident who does not have a
permanent establishment in India.
 TDS RATE CHART (FOREIGN) FY: 2022-23 (AV: 2023-24)

Section Nature of Payment Threshold lndv / HUF Others

Rs. Existing TDS Rate (%)

19S Payment to Non-residents 0 0

194E Non-resident Sportsman or Sports Assn. 20 20

196A Foreign Company being unit holder in 20 20

Mutual Fund
196B Units held by Off-shore Fund 10 10

196C Income from Foreign Currency Bonds 10 10

1960 Income of FIi on Securities 20 20

194lB Interest from infrastr. debt fund payable 5 5

to non resident

194LC Interest from specified company payable 5 5

to non resident
194LD lnte.rest on certain bonds and govt 5 5
securities
194lBA Certain income from units of a 5 5
business trust
194lBB Income on units of Investment Fund 30 40

194lBC Income in respect of investment in 30 40

securitization trust

194N Payment of certain amounts in cash 2 2

194lBA(a) Income referred to In section 10{23FC)(a) 10 10

from units of a business trust

194lBA(b) Income referred to in section 10(23FC)(b) 5 5

from units of a business trust

194NF Payment of certain amounts In cash 1 1

to non-filers
194lBA(c) Income referred to in section 10(23FCA) 30 30
from units of a business trust

Note: TDS Rates without PAN - 20% flat (lfTDS rate is lower than 20%)
 TCS RATE CHART FY: 2022-23 (AV: 2023-24)

Section Nature of Payment Existing TCS Rate (%)

206CE Smp 1

206CI Tendu Leaves s

206CB Timber obtained under a forest lease or other mode 2.5
206(0 Any other forest produce not being a timber or tendu leaves 25

206CA Alcoholk Uquor for human consumption & Tendu laves 1

206CF Parking lot 2

206CG Toll Plau 2
206CH Mining and quarring 2
206CJ Minerals 1
206Cl Sale of Motor vehicle 1

206CK Bullion and Jewellery 1

206CM Sale In cash of any goods(other than bullion) 1

206CN Providing of any services (other than Ch-XVII-B) 1

206CQ lRS - Other Purposes • liberalized Remittance Scheme 5% (10% for non
PAN or Aadhar)
206(0 Tour Program Padtage 5% (10% for non
PAN or Aadhar)
206CR Sale of Goods 0.1%(1%fornon
PAN or Aadhar)

206CC Timber obtained under any other mode other than forest lease 2.5
206CP LRS - Educational loan • Financial Institution 0.5

Note : TCS, Rates without PAN - Double of TCS rate as above or 5%, whichever is higher

Note : The above 11st covers most of the sections applicable for domestic transactions

Note : 1. Surcharge is not deductible on payments made to residents, other than salary.
2. In case of non-resident, surcharge would be applicable on TOS.