Particulars TDS Rates (in
1. In the case of a person
other than a company
1.1 where the person is
resident in India-
Section 192: Payment of Normal
salary
Section 192A: Payment 1
of accumulated balance
of provident fund which
is taxable in the hands of
an employee.
Section 193: Interest on
securities
a) any debentures or 1
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 1
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 1
Central or State
Government;
[i.e. 8% Savings (Taxable)
Bonds, 2003 and 7.75%
Saving (Taxable) Bonds,
2018]
d) interest on any other 1
security
Section 194: Income by 1
way of dividend
Section 194A: Income by 1
way of interest other than
"Interest on securities"
Section 194B: Income by 3
way of winnings from
lotteries, crossword puzzles,
card games and other games
of any sort, or from
gambling or betting of any
form or nature whatsoever.
Section 194BA: Income 3
by way of winnings from
any online game
Section 194BB: Income by 3
way of winnings from horse
races
Section 194C: Payment to
contractor/sub-contractor
a) HUF/Individuals
b) Others
Section 194D: Insurance
commission
Section 194DA: Payment
in respect of life insurance
policy
w.e.f. 1/9/2019, the tax
shall be deducted on the
amount of income
comprised in insurance
pay-out
Section 194EE: Payment in 1
respect of deposit under
National Savings scheme
Section 194F: Payment on 2
account of repurchase of
unit by Mutual Fund or Unit
Trust of India
Section
194G: Commission, etc., on
sale of lottery tickets
Section 194H: Commission
or brokerage
Section 194-I: Rent
a) Plant & Machinery
b)Land or building or 1
furniture or fitting
Section 194-IA: Payment
on transfer of certain
immovable property other
than agricultural land
Section 194-IB: Payment
of rent by individual or
HUF not liable to tax audit
Section 194-IC: Payment 1
of monetary consideration
under Joint Development
Agreements
Section 194J: Fees for
professional or technical
services:
i) sum paid or payable
towards fees for 1
technical services
ii) sum paid or payable
towards royalty in the
nature of
consideration for sale,
distribution or
exhibition of
cinematographic
films;
iii) Any other sum
Note: With effect from
June 1, 2017 the rate of
TDS would be 2% in case
of payee engaged in
business of operation of call
center.
Section 194K: Income in 1
respect of units payable to
resident person
Section 194LA: Payment 1
of compensation on
acquisition of certain
immovable property
Section 1
194LBA(1): Business trust
shall deduct tax while
distributing, any interest
received or receivable by it
from a SPV or any income
received from renting or
leasing or letting out any
real estate asset owned
directly by it, to its unit
holders.
Section 1
194LBB: Investment
fund paying an income
to a unit holder [other
than income which is
exempt under Section
10(23FBB)]
Section 25 in case of Individual or H
194LBC: Income in
respect of investment 30 in case of other person
made in a securitisation
trust (specified
in Explanation of section
115TCA)
Section 194M: Payment of
commission (not being
insurance commission),
brokerage, contractual fee,
professional fee to a
resident person by an
Individual or a HUF who
are not liable to deduct TDS
under section 194C, 194H,
or 194J.
Tax shall be deducted
under Section
194M with effect from
1/09/2019 when
aggregate of sum
credited or paid during a
financial year exceeds
Rs. 50 lakh.
Section 194N: Cash
withdrawal during the
previous year from one or
more account maintained by
a person with a banking 2
company, co-operative
society engaged in business
of banking or a post office:
i) in excess of Rs. 1
crore#
ii) in excess of Rs. 20
lakhs*
* for those persons who
have not filed return of
income (ITR) for three
previous years
immediately preceding
the previous year in
which cash is
withdrawn, and the due
date for filing ITR
under section 139(1) has
expired. The deduction
of tax under this
situation shall be at the
rate of:
a) 2% from the amount
withdrawn in cash if
the aggregate of the
amount of withdrawal
exceeds Rs. 20 lakhs
during the previous
year; or
b) 5% from the amount
withdrawn in cash if
the aggregate of the
amount of withdrawal
exceeds Rs. 1 crore
during the previous
year.
# The threshold limit of
Rs. 1 crore is
increased to Rs. 3
croresif the
withdrawal of cash is
made by co-operative
society.
Section 194-O: Payment
or credit of amount by
the e-commerce operator
to e-commerce
participant
Section Tax on to
194P: Deduction of tax ra
by specified bank in case
of senior citizen having
age of 75 or more
Section 194Q: Payment 0
for purchase of goods of
the aggregate value
exceeding Rs. 50 lakhs
Note: TDS is deductible
on sum exceeding Rs. 50
lakhs
Section 1
194R: Deduction of tax
in case any benefit or
perquisite is provided
and aggregate value of
such benefit/perquisite
exceeds Rs. 20,000
Note: Benefit or
perquisite should be
arising from business or
the exercise of a
profession by such
resident.
Section 194S: Payment
on transfer of Virtual
Digital Asset
Note: No tax shall be
deducted under this
provision in the
following circumstance:
• If the consideration is
payable by any person
(other than a specified
person) and its aggregate
value does not exceed
Rs. 10,000 during the
financial year.
• if the consideration is
payable by a specified
person and its aggregate
value does not exceed
Rs. 50,000 during the
financial year.
Specified person means:
(a) An individual or a
HUF, whose total sales,
gross receipts or
turnover does not exceed
Rs. 1 crore in case of
business or Rs. 50 lakhs
in case of a profession,
during the financial year
immediately preceding
the financial year in
which virtual digital
asset is transferred;
(b) An individual or a
HUF who does not have
any income under the
head profits and gains of
business or profession.
Any Other Income 1
1.2 where the person is
not resident in India*-
Section 192: Payment of Normal
Salary
Section 192A: Payment 1
of accumulated balance
of provident fund which
is taxable in the hands of
an employee.
Section 194B: Income by 3
way of winnings from
lotteries, crossword puzzles,
card games and other games
of any sort or from
gambling or betting of any
form or nature whatsoever.
Section 194BA: Income 3
by way of winnings from
any online game
Section 194BB: Income by 3
way of winnings from horse
races
Section 194E: Payment to 2
non-resident
sportsmen/sports
association
Section 194EE: Payment in 1
respect of deposits under
National Savings Scheme
Section 194F:Payment on 2
account of repurchase of
unit by Mutual Fund or Unit
Trust of India
Section
194G: Commission, etc., on
sale of lottery tickets
Section 194LB: Payment of
interest on infrastructure
debt fund
Sec. 194LBA(2): Payment
of the nature referred to
in Section 10(23FC)(a)
Section 1
194LBA(2): Payment of
the nature referred to
in Section 10(23FC)(b)
Section 3
194LBA(3): Payment of
the nature referred to
in section 10(23FCA) by
business trust to unit
holders
Section 3
194LBB: Investment
fund paying an income
to a unit holder [other
than income which is
exempt under Section
10(23FBB)].
Section 3
194LBC: Income in
respect of investment
made in a securitisation
trust (specified
in Explanation of section
115TCA)
Section 194LC: Payment 5 or 4*
of interest by an Indian
Company or a business trust * In case where interest is payable in respect of Long-term Bond or Rupe
in respect of money
borrowed in foreign ** Where money borrowed from a source outside India by issuing a lon
currency under a loan listed only on a recognised sto
agreement or by way of
issue of long-term bonds
(including long-term
infrastructure bond)
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 Investor
Section 195: Payment of
any other sum to a Non-
resident
a) Income in respect of 2
investment made by a Non-
resident Indian Citizen
b) Income by way of long- 1
term capital gains referred
to in Section 115E in case
of a Non-resident Indian
Citizen
c) Income by way of long- 1
term capital gains referred
to in sub-clause (iii) of
clause (c) of sub-Section (1)
of Section 112
d) Income by way of long- 1
term capital gains as
referred to in Section 112A
e) Income by way of short- 1
term capital gains referred
to in Section 111A
f) Any other income by way 2
of long-term capital gains
[not being long-term capital
gains referred to in
clauses 10(33), 10(36) and
112A
g) Income by way of 2
interest payable by
Government or an Indian
concern on moneys
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)
h) Income by way of 1
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 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
India
i) Income by way of royalty 1
[not being royalty of the
nature referred to point h)
above] 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
j) Income by way of fees 1
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
k) Any other income 3
Section 196B: Income from 1
units (including long-term
capital gain on transfer of
such units) to an offshore
fund
Section 196C: Income from 1
foreign currency bonds or
GDR of an Indian company
(including long-term capital
gain on transfer of such
bonds or GDR)
Section 196D: Income of 2
foreign Institutional
Investors from securities
(not being dividend or
capital gain arising from
such securities)
Note: Tax shall be deducted
at the rate provided under
DTAA if same is lower than
the existing TDS rate of
20%.
2. In the case of a
company-
2.1 where the company is
a domestic company-
Section 193: Interest on
securities
a) any debentures or 1
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 1
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 1
Central or State
Government;
[i.e. 8% Saving (Taxable)
Bonds, 2003 and 7.75%
Saving (Taxable) Bonds,
2018]
d) interest on any other 1
security
Section 194: Dividend 1
Section 194A: Income by 1
way of interest other than
"Interest on securities"
Section 194B: Income by 3
way of winnings from
lotteries, crossword puzzles,
card games and other games
of any sort or from
gambling or betting of any
form or nature whatsoever.
Section 194BA: Income 3
by way of winnings from
any online game
Section 194BB: Income by 3
way of winnings from horse
races
Section 194C: Payment to
contractor/sub-contractor
a) HUF/Individuals
b) Others
Section 194D: Insurance 1
commission
Section 194DA: Payment
in respect of life insurance
policy
w.e.f. 1/9/2019, the tax
shall be deducted on the
amount of income
comprised in insurance
pay-out
Section 194EE: Payment in 1
respect of deposit under
National Savings scheme
Section 194F: Payment on 2
account of repurchase of
unit by Mutual Fund or Unit
Trust of India
Section
194G: Commission, etc., on
sale of lottery tickets
Section 194H: Commission
or brokerage
Section 194-I: Rent
a) Plant & Machinery
b) Land or building or 1
furniture or fitting
Section 194-IA:Payment
on transfer of certain
immovable property other
than agricultural land
Section 194- 1
IC:Payment of monetary
consideration under Joint
Development
Agreements
Section 194J: Fees for
professional or technical
services:
iv) sum paid or payable
towards fees for 1
technical services
v) sum paid or payable
towards royalty in the
nature of
consideration for sale,
distribution or
exhibition of
cinematographic
films;
vi) Any other sum
Note: With effect from
June 1, 2017 the rate of
TDS would be 2% in case
of payee engaged in
business of operation of call
center.
Section 194K : Income in 1
respect of units payable to
resident person
Section 194LA: Payment 1
of compensation on
acquisition of certain
immovable property
Section 1
194LBA(1): Business
trust shall deduct tax
while distributing, any
interest received or
receivable by it from a
SPV or any income
received from renting or
leasing or letting out any
real estate asset owned
directly by it, to its unit
holders.
Section 1
194LBB: Investment
fund paying an income
to a unit holder [other
than income which is
exempt under Section
10(23FBB)] .
Section 1
194LBC: Income in
respect of investment
made in a securitisation
trust (specified
in Explanation of section
115TCA)
Section 194M: Payment of 5
commission (not being
insurance commission),
brokerage, contractual fee,
professional fee to a
resident person by an
Individual or a HUF who
are not liable to deduct TDS
under section 194C, 194H,
or 194J.
Tax shall be deducted
under Section
194M with effect from
1/09/2019 when
aggregate of sum
credited or paid during a
financial year exceeds
Rs. 50 lakh.
Section 194N: Cash
withdrawal during the
previous year from one or 2
more account maintained by
a person with a banking
company, co-operative
society engaged in business
of banking or a post office:
iii) in excess of Rs. 1
crore
iv) in excess of Rs. 20
lakhs*
* for those persons who
have not filed return of
income (ITR) for three
previous years
immediately preceding
the previous year in
which cash is
withdrawn, and the due
date for filing ITR
under section 139(1) has
expired. The deduction
of tax under this
situation shall be at the
rate of:
a) 2% from the amount
withdrawn in cash if
the aggregate of the
amount of withdrawal
exceeds Rs. 20 lakhs
but not exceeding Rs.
1 crore during the
previous year; or
b) 5% from the amount
withdrawn in cash if
the aggregate of the
amount of withdrawal
exceeds Rs. 1 crore
during the previous
year.
Section 194-O: Payment or
credit of amount by the e-
commerce operator to e-
commerce participant
Section 194P: Tax on total incom
Deduction of tax by
specified bank in case of
senior citizen having age
of 75 or more
Section 194Q: Payment 0
to resident for purchase
of goods of the
aggregate value
exceeding Rs. 50 lakhs
Note: TDS is deductible
on sum exceeding Rs. 50
lakhs
Section 1
194R: Deduction of tax
in case any benefit or
perquisite is provided
and aggregate value of
such benefit/perquisite
exceeds Rs. 20,000
Note: Benefit or
perquisite should be
arising from business or
the exercise of a
profession by such
resident.
Section 194S: Payment
on transfer of Virtual
Digital Asset
Note: No tax shall be
deducted under this
provision in the
following circumstance:
• If the consideration is
payable by any person
(other than a specified
person) and its aggregate
value does not exceed
Rs. 10,000 during the
financial year.
• if the consideration is
payable by a specified
person and its aggregate
value does not exceed
Rs. 50,000 during the
financial year.
Specified person means:
(a) An individual or a
HUF, whose total sales,
gross receipts or
turnover does not exceed
Rs. 1 crore in case of
business or Rs. 50 lakhs
in case of a profession,
during the financial year
immediately preceding
the financial year in
which virtual digital
asset is transferred;
(b) An individual or a
HUF who does not have
any income under the
head profits and gains of
business or profession.
Any Other Income 1
2.2 where the company is
not a domestic company*-
Section 194B: Income by 3
way of winnings from
lotteries, crossword puzzles,
card games and other games
of any sort or from
gambling or betting of any
form or nature whatsoever.
Section 194BA: Income 3
by way of winnings from
any online game
Section 194BB: Income by 3
way of winnings from horse
races
Section 194E: Payment to 2
non-resident sports
association
Section
194G: Commission, etc., on
sale of lottery tickets
Section 194LB: Payment of
interest on infrastructure
debt fund
Section 194LBA(2): -
Payment of the nature
referred to in Section
10(23FC)(a)
Section 1
194LBA(2): Payment of
the nature referred to
in Section 10(23FC)(b)
Section 4
194LBA(3): Business
trust shall deduct tax
while distributing any
income received from
renting or leasing or
letting out any real estate
asset owned directly by
it to its unit holders.
Section 4
194LBB: Investment
fund paying an income
to a unit holder [other
than income which is
exempt under Section
10(23FBB)].
Section 4
194LBC: Income in
respect of investment
made in a securitisation
trust (specified
in Explanation of section
115TCA)
Section 194LC: Payment 5 or 4*
of interest by an Indian
Company or a business trust * In case where interest is payable in respect of Long-term Bond or Rupe
in respect of money
borrowed in foreign ** Where money borrowed from a source outside India by issuing a lon
currency under a loan listed only on a recognised stoc
agreement or by way of
issue of long-term bonds
(including long-term
infrastructure bond)
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 Investor
Section 195: Payment of
any other sum
a) Income by way of long- 1
term capital gains referred
to in sub-clause (iii) of
clause (c) of sub-section (1)
of Section 112
b) Income by way of long- 1
term capital gains as
referred to in Section 112A
c) Income by way of short- 1
term capital gains referred
to in Section 111A
d) Any other income by 2
way of long-term capital
gains [not being long-term
capital gains referred to in
clauses 10(33) , 10(36) and
112A
e) Income by way of 2
interest payable by
Government or an Indian
concern on moneys
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)
f) Income by way of royalty 1
payable by Government or
an Indian concern in
pursuance of an agreement
made by it with the
Government or the Indian
concern after the 31st day
of March, 1976 where such
royalty is in consideration
for the transfer of all or any
rights (including the
granting of a licence) 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
India
g) Income by way of
royalty [not being royalty of
the nature referred to in
point f) above] 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 5
made after the 31st day of
March, 1961 but before the
1st day of April, 1976
B. where the agreement is 1
made after the 31st day of
March, 1976
h) 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 5
made after the 29th day of
February, 1964 but before
the 1st day of April, 1976
B. where the agreement is 1
made after the 31st day of
March, 1976
i) Any other income 4
Section 196B: Income from 1
units (including long-term
capital gain on transfer of
such units) to an offshore
fund
Section 196C: Income from 1
foreign currency bonds or
GDR of an Indian company
(including long-term capital
gain on transfer of such
bonds or GDR)
Section 196D: Income of 2
foreign Institutional
Investors from securities
(not being dividend or
capital gain arising from
such securities)
Note: Tax shall be deducted
at the rate provided under
DTAA if same is lower than
the existing TDS rate of
20%.
Rates for tax deduction at source*
[For Assessment year 2024-25]
__________________________
* The rate of TDS shall be increased by applicable surcharge and Health & Education
cess.
[As amended by Finance Act, 2023]
