|
TDS Section List |
Nature of Payment |
Threshold |
Individual or HUF |
Others |
|
192 |
Payment in form of salary |
₹ 2,50,000 |
Slab Rates |
Slab Rates |
|
192A (Note 1) |
Employee Provident Fund withdrawal prematurely/early |
₹ 50,000 |
10% |
10% |
|
193 |
Interest earned on securities including listed debentures and other securities |
₹ 10,000 |
10% |
10% |
|
194 |
Payment of dividends by domestic Co. |
₹ 10,000 |
10% |
10% |
|
194A |
Interest on deposits from banks or post offices |
₹ 50,000₹ 1,00,000(senior citizens) |
10% |
10% |
|
Interest income other than securities |
₹ 10,000 |
10% |
10% |
|
|
194B |
Winnings of lotteries, puzzles, or games (Casual income) |
10,000 in a single transaction |
30% |
30% |
|
194BA |
Winnings from online Games |
- |
30% |
30% |
|
194BB |
Winnings from Horse races |
10,000 in a single transaction |
30% |
30% |
|
194C |
Payments made to contractors or sub-contractors (one time) |
₹ 30,000 |
1% |
2% |
|
Payments made to contractors or sub-contractors on an aggregate basis |
₹ 1,00,000 |
1% |
2% |
|
|
194D |
Commission paid on insurance sales to domestic companies |
₹ 20,000 |
Not Applicable |
10% |
|
Commission paid on insurance sales to non-domestic companies |
₹ 20,000 |
5% |
Not Applicable |
|
|
194DA |
Maturity of life insurance policy |
₹ 1,00,000 |
2% |
2% |
|
194EE |
Payment received from the National Savings Scheme by individuals |
₹ 2,500 |
10% |
10% |
|
194G |
Payments or commission made from the sale of lottery tickets |
₹ 20,000 |
2% |
2% |
|
194H |
Commission or brokerage fees |
₹ 20,000 |
2% |
2% |
|
194I |
Rent paid for land, building, or furniture |
₹ 50,000 per month i.e. 6,00,000 in a financial year |
10% |
10% |
|
Rent paid for plant and machinery |
2% |
2% |
||
|
194IA |
Payment for the transfer of immovable property excluding agricultural land |
₹ 50,00,000 |
1% |
1% |
|
194IB |
Rent payment made by an individual or HUF not covered under section 194I |
₹ 50,000 (per month) |
2% |
Not Applicable |
|
194IC |
Payments made under a Joint Development Agreement to I / HUF |
No Limit |
10% |
10% |
|
194J |
Fees paid for professional and technical services (doctor/CA etc) |
₹ 50,000 |
10% |
10% |
|
Royalty paid for the sale, distribution, or exhibition of cinematographic films |
₹ 50,000 |
2% |
2% |
|
|
194K |
Income received from units of a mutual fund, such as dividends |
₹ 10,000 |
10% |
10% |
|
194LA |
Compensation for acquiring certain immovable property |
₹ 5,00,000 |
10% |
10% |
|
194LB |
Interest on infrastructure bonds to Non-Resident Indians |
Not Applicable |
5% |
5% |
|
194LBA(1) |
Distribution of certain income by a business trust to its unit holders |
Not Applicable |
10% |
10% |
|
194LD |
Interest payment on rupee-denominated bonds, municipal debt security, and government securities |
Not Applicable |
5% |
5% |
|
194M (Note 2) |
Payments made for contracts, brokerage, commission, or professional fees excluding sections 194C, 194H, 194J- Individual/HUF |
₹ 50,00,000 |
2% |
2% |
|
194N (Note 3) |
Cash withdrawal exceeding a specified amount from the bank, with filed ITR |
₹ 1,00,00,000 |
2% |
2% |
|
When ITR is not filed |
₹ 20,00,000 |
2% then 5% after 1cr on slab basis |
2% then 5% after 1cr on slab basis |
|
|
194O |
Amount received for the sale of products/services by e-commerce service providers through digital platforms |
₹ 5,00,000 |
0.1% |
0.1% |
|
194P |
Senior citizen above 75 yr of age having salary and interest Income, ITR not required |
Not Applicable |
Slab rates |
Not Applicable |
|
194Q |
Payments made for the purchase of goods |
₹ 50,00,000 |
0.10% |
0.10% |
|
194R |
Perquisite provided |
₹ 20,000 |
10% |
10% |
|
194S |
TDS on the payment of cryptocurrencies or other virtual assets |
₹ 50,000 (specified person) ₹ 10,000 (others) |
1% |
1% |
|
194T |
TDS on payments made by firms to their partners |
₹ 20,000 |
Not applicable |
10% |
|
206AA |
TDS applicable in case of non-availability of PAN |
Not Applicable |
At a higher rate than:-2X the rate specified by the act-20%-The currently applicable rate |
At a higher rate than:-2X the rate specified by the act-20%-The currently applicable rate |
Notes and related points
1. As per Section 192A TDS rate on PF withdrawal for employees without PAN reduced to 20% from the maximum marginal rate.
2. Some sections apply only if gross receipts from profession exceeds ₹ 50 lac and from business exceeds ₹ 1 crore i.e. specified persons.
3. As per Section 194N Increased TDS threshold for cash withdrawal by co-operative societies. From April 1st, 2023, TDS will be deducted on cash withdrawals exceeding Rs 3 crore, up from the previous limit of Rs 1 crore.
4. Section 196A: Non-residents earning income from mutual funds in India can provide a Tax Residency Certificate starting April 1st, 2023, to avail the TDS benefit as per the rate specified in the tax treaty, instead of the standard 20% rate.
5. There is no TDS rate defined in Section 195.
The author can also be reached at aman.rajput@mail.ca.in
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