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TDS Rates and Thresholds Guide

The document outlines tax deduction at source (TDS) rates for various types of payments in India. It lists 6 categories of payments and their respective TDS rates and thresholds, including interest on deposits, payments to contractors, commission or brokerage, rent, and purchase of immovable property.

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Susvitha Sankar
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67 views1 page

TDS Rates and Thresholds Guide

The document outlines tax deduction at source (TDS) rates for various types of payments in India. It lists 6 categories of payments and their respective TDS rates and thresholds, including interest on deposits, payments to contractors, commission or brokerage, rent, and purchase of immovable property.

Uploaded by

Susvitha Sankar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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2.

TDS Rates:

Sl. Threshold Limit


Particulars TDS Rate
No. (Rs.)
When PAN is When PAN is not
submitted submitted

TDS on Payment of Interest on Deposits u/s 40,000/- p.a.


1 194A (including RD) (50,000/- p.a. for Senior 10% 20%
Citizen)

31.20% ( TDS will be deducted even if


TDS on Payment of Interest to Non-Resident the
2
on NRO SB or NRO Term Deposit u/s 195. amount of interest is less than Rs
40000/-).

TDS on Payments to contractors / sub-


1%
contractors including advertisement Rs 30,000 (Single 20%
3 payment) or 1,00,000/-
2%
a. Individual / Sole Proprietorship / HUF p.a. 20%
b. Others (i.e. Company / Firms

TDS on Commission or brokerage payable


4 15,000/- p.a. 5% 20%
u/s 194H.

TDS on Rent payable u/s194-I a. for the use


10% 20%
of any land or building or furniture or fittings 2,40,000/- p.a. (per
5
a. for the use of any machinery or plant or person / per PAN)
2% 20%
equipment

TDS on the amount paid for the purchase of


6 50,00,000/- 1% 20%
immovable property u/s 194IA

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