TDS rate chart for FY 2021-22
Section | Nature of Payment | TDS Limit | TDS Rate |
192 | Salary | As per Slab Rate | As per Slab Rate |
Employees shall choose an option between New tax slab regime and old tax slab regime. | |||
192A | Premature withdrawal of employee Provident fund | INR 50,000 | 10% |
10% in case of resident and 10.40% in case of non-resident. If there is no Pan or invalid pan then TDS Rate shall be 20%. | |||
193 | Interest on Securities | INR 2,500 | 10% |
Threshold limit for interest paid on debentures is INR 5,000. Threshold limit for interest on 7.75% GOI Saving (Taxable) Bonds 2018 is INR 10,000. 10% in case of resident and 10.40% in case of non-resident. If there is no Pan or invalid pan then TDS Rate shall be 20%. | |||
194 | Dividend other than dividend under section 115-O | INR 5,000 | 10% |
TDS on dividend shall not apply to dividend income credited or paid to a business trust by a special purpose vehicle or payment of dividend to any other person as may be notified. 10% in case of resident and company. If there is no Pan or invalid pan then TDS Rate shall be 20%. | |||
194A | Interest other than interest on securities for e.g. Banks Time deposits, Recurring deposit and Deposit in Co-op Banks | INR 50,000 for Senior Citizen and INR 40,000 for Others. | 10% |
10% in case of Individual. If there is no Pan or invalid pan then TDS Rate shall be 20%. | |||
194B | Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort | INR 10,000 | 30% |
30% in case of resident Indian and domestic companies and 31.20% in case of non-resident and foreign companies. . If there is no Pan or invalid pan then TDS Rate shall be 30%. | |||
194BB | Income by way of winnings from horse races | INR 10,000 | 30% |
30% in case of resident Indian and domestic companies and 31.20% in case of non-resident and foreign companies. . If there is no Pan or invalid pan then TDS Rate shall be 30%. | |||
Also See, “QRMP Scheme under GST“
194C | Payment to Contractors | Single Payment INR 30,000 or Aggregate payment INR 1,00,000 | 1% – Individual 2% – Others |
If there is no Pan or invalid pan then TDS Rate shall be 20%. | |||
194C | Payment to Contractors – Transporter not covered under 44AE | Single Payment INR 30,000 or Aggregate payment INR 75,000 | 1% – Individual 2% – Others |
If Transporter covered under 44AE and submit declaration on prescribed form with PAN then TDS not to be deducted. | |||
194D | Insurance Commission | INR 15,000 | 5% or 10% |
10% if deductee is domestic company or 5% in any other case. If there is no Pan or invalid pan then TDS Rate shall be 20% | |||
194DA | Payment in respect to Life Insurance policy | INR 1,00,000 | 5% |
TDS shall be deducted on the amount of income comprised in insurance policy. Section 194DA is not applicable in case of amount is exempt u/s 10(10D) i.e. the Sum is received at the time of maturity of policy or Death benefit received. If there is no Pan or Invalid pan then TDS Rate shall be 20%. | |||
194E | Payment to non-resident sportsmen or sport associations. | Nil | 20% |
TDS rates shall be increase by applicable surcharge and HES. | |||
194EE | Payment in respect of deposit under National Saving Scheme. | INR 2,500 | 10% |
If there is no Pan or Invalid pan then TDS Rate shall be 20%. | |||
194F | Payment in respect of unit repurchased by Mutual Fund or Unit Trust of India | Nil | 20% |
194G | Commission on sale of Lottery Tickets | INR 15,000 | 5% |
If there is no Pan or Invalid pan then TDS Rate shall be 20%. | |||
194H | Commission on Brokerage | INR 15,000 | 5% |
If there is no Pan or Invalid pan then TDS Rate shall be 20%. | |||
194I | Rent |
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| 194I(a) – Rent on Plant and Machinery | INR 2,40,000 | 2% |
| 194I(b) – Rent on Land or Building or Furniture or Fitting. | INR 2,40,000 | 10% |
If there is no Pan or Invalid pan then TDS Rate shall be 20%. | |||
TDS rate chart for FY 2021-22 | |||
194IA | Transfer of certain immovable property other than agriculture Land | INR 50,00,000 | 1% |
194IB | Payment of Rent by Individual or HUF not liable for Tax Audit | INR 50,000 per month | 5% |
194IC | Payment of monetary consideration under Joint Development Agreement | Nil | 10% |
If there is no Pan or Invalid pan then TDS Rate shall be 20% under section 194IA, 194IB or 194IC. | |||
194J | Fee for Professional or Technical Services | INR 30,000 | 2% or 10% |
In case of Fee for technical services or payee is engaged in business of call centre operation then TDS rate shall be 2% or in other cases TDS rate shall be 10%. If there is no Pan or Invalid pan then TDS Rate shall be 20%. | |||
194K | Payment of any income in respect of Units of Mutual fund as per section 10(23D). | Nil | 10% |
194LA | Tax deducted at source in respect of compensation on compulsory acquisition of Immovable property. | INR 2,50,000 | 10% |
TDS will not be deducted if payment is made for any award or agreement which has been exempted from levy of income tax. If there is no Pan or Invalid pan then TDS Rate shall be 20% | |||
194LBA (1) | Business trust shall deduct TDS while distributing any income to its unit holders. | Nil | 10% |
If there is no Pan or Invalid pan then TDS Rate shall be 20% | |||
194LB | Payment of Interest on Infrastructure debt fund to Non Resident | Nil | 5% |
194LBB | Investment fund paying an Income to a Unit Holder | Nil | 10%-Individual 30%-Company |
If there is no Pan or Invalid pan then TDS Rate shall be 30% | |||
194LBC | Income in respect of investment made in a securitization trust | Nil | 25%-Individual 10%-Company |
194M | Specify Payments by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J. | INR 50,00,000 | 5% |
The threshold Limit of INR 50 Lakhs for payment in respect of commission, professional Fee, contractual fee to a resident person by a HUF or an Individual who are not liable to deduct TDS. If there is no Pan or Invalid pan then TDS Rate shall be 20% | |||
194N | Cash Withdrawal | INR Lakhs or 1 Crore | 2% or 5% |
TDS Rate 2% – Limit of INR 1 Crore TDS Rate 2% – Limit of INR 20 Lakh upto INR 1 Crore – ITR of last 3 year not furnished TDS Rate 5% – Exceeding 1 Crore – ITR of last 3 years not furnished. | |||
194O | E Commerce Operator | INR 5,00,000 | 1% |
E -Commerce operator for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform. | |||
194Q | Purchase of Goods | INR 50,00,000 | 0.10% |
The Threshold Limit is INR 50,00,000 applicable when total sales or gross receipts or turnover from the business carried on exceeds INR 10 Crores during the financial year immediately preceding the financial year in which the purchase of goods is carried out. | |||
Also see, “Job work provisions“
TDS rate chart for FY 2021-22 | |||
195 | Payment of any other sum to a Non resident | Higher of Rate in force or Double Taxation Avoidance Act Rate | See below |
TDS rate 20.80% – Income from Investment made by a NRI. TDS rate 10.40% – Income from LTCG under section 115E TDS rate 10.40% – Income from LTCG TDS rate 15.60% – Income from STCG under Section 111A TDS rate 20.80% – Any other income from LTCG TDS rate 20.80% – Income on interest payable on money borrowed in foreign currency TDS rate 10.40% – Income from royalty payable by the Government or an Indian concern. TDS rate 10.40% – Income from royalty other than that which is payable by the Government or an Indian concern. TDS rate 10.40% – Income from fees for technical services payable by the Government or Indian Concern. TDS rate 31.20% – Any other sources of Income. | |||
194P | TDS on Senior Citizen above 75 year. | See below | See below |
Rates applicable to particular slab of income including applicable Surcharge and Health & Education Cess | |||
Also See, “LLP advantage and disadvantage in India“
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