TDS Rate Chart
TDS or Tax Deducted at Source is a mechanism of deducting earnings tax on the supply origin of taxable earnings. Under this earnings tax department has precise fees if the payee desires to deduct a sum of quantity as precise for that rate when creating a fee to the beneficiary.
Due to the unfold of COVID-19 within the country, the Indian Government introduced a comfort package deal, namely ‘Atma Nirbhar Relief Package,’ on thirteenth May 2020. In this package deal, one of the factors included the discount of TDS quotes for diverse sorts of payments. The advantage introduced within the Atma Nirbhar Package is relevant only for Indian residents.
Revised TDS Rates for Residents till 31st March 2021
| TDS Section | Nature of Payment | TDS Rate till 13th May 2020 |
TDS Rate from 14th May 2020 to 31st March 2021 |
| 194 | Dividend | 10.00% | 7.50% |
| 194A | Income earned as interest other than ‘Interest on securities’ | 10.00% | 7.50% |
| 192 | Salary | Applicable slab rate | Applicable slab rate |
| 192A | Premature withdrawal from EPF | 10.00% | 10% |
| 193 | Interest on Securities from – any debenture of security issued by any authority or corporation established by the government, listed debenture of a company, any security of State or Central government, or any other security | 10.00% | 7.50% |
| 194B | Income from lotteries, card games, puzzles, etc. | 30.00% | 30% |
| 194BB | Income from Horse races | 30.00% | 30% |
| 194C | Payment made to contractor/sub-contractor – a) Individual or HUF |
1.00% | 0.75% |
| b) Others | 2.00% | 1.50% | |
| 194D | Insurance commission paid – a) Other than a company |
5.00% | 3.75% |
| b) To Company | 10.00% | 10% | |
| 194DA | Sum paid to insured with regards to Life Insurance Policy | 5.00% | 3.75% |
| 194EE | National Saving Scheme | 10.00% | 7.50% |
| 194F | Repurchase of the unit by MFs or UTIs | 20% | 15% |
| 194G | Commission on sale of lottery tickets | 5% | 3.75% |
| 194H | Commission/Brokerage | 5% | 3.75% |
| 194I | Rent for a) Plant and Machinery |
2% | 1.75% |
| b) Land and Building or Furniture and Fitting | 10% | 7.50% | |
| 194IA | Transfer of immovable property other than agricultural land | 1% | 0.75% |
| 194IB | Rent paid by an individual or HUF and not covered under Section 194I (above ₹ 50,000) | 5% | 3.75% |
| 194IC | Payment under Joint Development Agreement to Individuals/HUF | 10% | 7.50% |
| 194J | a) Any sum paid concerning Professional fee or director’s fee | 10% | 7.50% |
| b) Payment made concerning the technical fee or as Royalty for the sale or distribution or exhibition of cinematographic films. | 2% | 1.75% | |
| 194K | Payment made concerning any of the following: a) MF units as per section 10(23D). b) Units from the specified company, or c) Units from the administrator. |
10% | 7.50% |
| 194LA | Compensation for transfer of certain immovable property. | 10% | 7.50% |
| 194LBA | A business trust distributes specified income to its unit holder. | 10% | 7.50% |
| 194LBB | Income paid by investors fund to its investors | 10% | 7.50% |
| 194LBC | Income from investment in the securitization of fund a) For Individual/HUF |
25% | 18.75% |
| b) For Company or any other person | 30% | 22.50% | |
| 194M | Certain payments made by HUF or Individual above ₹ 50 lakhs | 5% | 3.75% |
| 194N | Certain payments made in cash: a) Amount more than ₹ 20 lakhs but less than ₹ 1 crore |
N.A. | 2% |
| b) Amount exceeds ₹ 1 crore (Applicable from 1st July 2020) | N.A. | 5% | |
| 194O | For E-commerce operators for sale of goods or provision of services facilitated by it through its digital platform (from 1st Oct 2020) | N.A. | 0.75% |
TDS Chart Applicable for Non-Residential of India (NRIs)
| Section | Nature of Payment | TDS Rate |
| 192 | Salary | Applicable slab rate |
| 192A | Premature withdrawal of EPF | 10.00% |
| 194B | Income from lotteries, crossword puzzles, card games, etc. | 30% |
| 194BB | Income from winning horse races | 30.00% |
| 194E | Any payment made to non-resident sportsman/association | 20.00% |
| 194EE | Payment concerning deposits in National Savings Scheme | 10.00% |
| 194F | Payment on account of repurchase of a unit by MF or UTI | 20.00% |
| 194G | Commission on sale of lottery tickets | 5.00% |
| 194LB | The interest of Infrastructure debt fund | 5.00% |
| 194LBA | Income from business trust units – a) Interest received or receivable from special purpose vehicle |
5.00% |
| b) Dividend referred in section 115-O(7). | 10.00% | |
| 194LBC | Income from investment in securitization fund | 30.00% |
| 194LC | Interest payment by an Indian company or business trust for loan availed in foreign currency. | 5.00% |
| 194LD | Interest payment on a bond of an Indian company or government security to a foreign investor | 5% |
| 194N | Certain payments made in cash: a) Amount more than ₹ 20 lakhs but less than ₹ 1 crore |
2% |
| b) Amount exceeds ₹ 1 crore (Applicable from 1st July 2020) | 5% | |
| 195 | Various Payments made to Non-Resident a) Income on the investment made by Non-Resident Indian Citizen |
20% |
| b) A long term capital gain referred to in Section 115E | 10% | |
| c) Long-term capital gain referred to in Section 193(1)(c)(iii). | 10% | |
| d) Short term capital gain referred to in section 111A | 15% | |
| e) Any other long term capital gain other than the gain referred to in clauses (33), (36), and (38) of section 10 | 20% | |
| f) Income from interest payable by government or Indian concern on a debt availed in a foreign currency other than the income covered in Section 194LB and 194LC | 20% | |
| 196A | Income from MF units under clause (23D) of section 10 or the specified company in clause (35) of section 10 | 20% |
| 196B | Income from units including long term capital gain or the transfer of units to offshore fund | 10% |
| 196C | Income from foreign currency bond or GDR of an Indian company | 10% |
| 196D | Income of foreign institutional investors from securities | 20% |
TDS Rates Applicable on Domestic Company
| Section | Nature of Payment | TDS Rate till 13th May 2020 |
TDS Rate from 14th May 2020 to 31st March 2021
|
| 193 | Interest on Securities | 10% | 7.50% |
| 194 | Dividend | 10.00% | 7.50% |
| 194A | Interest income other than interest on securities | 10% | 7.50% |
| 194B | Income from lotteries, crossword puzzles, card games, etc. | 30.00% | 30% |
| 194BB | Income from winning horse races | 30.00% | 30.00% |
| 194C | Payment to Contractor/sub-contractor – a) HUF/Individuals | 1.00% | 1% |
| b) Others | 2.00% | 2% | |
| 194D | Insurance Commission | 5.00% | 3.75% |
| 194DA | Payment of Life Insurance Policy | 5.00% | 3.75% |
| 194EE | Payment with regards to deposit under National Saving Scheme | 10.00% | 7.50% |
| 194F | Repurchase of units by MF or UTIs | 20.00% | 15% |
| 194G | Commission on sale of lottery tickets | 5.00% | 3.75% |
| 194H | Commission or brokerage | 5.00% | 3.75% |
| 194I | Rent – a) Plant and Machinery |
2% | 2% |
| b) Land and Building or Furniture and Fitting | 10% | 7.50% | |
| 194IA | Payment on transfer of certain immovable property other than agricultural land | 1% | 0.75% |
| 194IB | Rent paid by individual or HUF not covered under Section 194I | 5% | 3.75% |
| 194IC | Payment under Joint Development Agreements to Individual or HUF | 10% | 7.50% |
| 194J | Payment made as – a) Professional fee or director’s fee/remuneration |
10% | 7.50% |
| b) Technical fee or Royalty for sale/distribution/exhibition of cinematography films | 2% | 1.75% | |
| 194LBA | Income distributed by a business trust to its unitholders | 10% | 7.50% |
| 194LA | Payment for acquisition of certain immovable property | 10% | 7.50% |
TDS Rates Applicable for Non-Domestic Company
| Section | Nature of Payment | TDS Rate |
| 194B | Income from lotteries, crossword puzzles, card games, etc. | 30% |
| 194BB | Income from winning horse races | 30.00% |
| 194E | Payment to the non-resident sports association | 20% |
| 194G | Commission on sale of lottery tickets | 5.00% |
| 194LB | Interest on Infrastructure debt fund | 5.00% |
| 194LBA | Income distributed by business trust to unitholders | 5.00% |
| 194LBC | Income in respect of securitization of funds | 40.00% |
| 194LC | Interest payment by an Indian company or business trust for loan availed in foreign currency. | 5.00% |
| 194LD | Interest payment on a bond of an Indian company or government security to a foreign investor | 5.00% |
| 195 | Various other payments | |
| a) Long term capital gain referred to in sub-clause (iii) of clause © of subsection (1) of Section 112 | 10.00% | |
| b) Short term capital gain referred to in section 111A | 15.00% | |
| c) Any other long term capital gain not referred to in clauses (33), (36), and (38) of section 10 | 20.00% | |
| d) Income from interest payable by Indian government or Indian concern for loan availed in foreign currency, not covered in Section 194LB and 194LC | 20% | |
| e) Royalty income payable by the Indian government or Indian concern (first and the second proviso of subsection (1A) of section 115A | 10% | |
| 196B | Income from units, including long-term capital gain and transfer of units to offshore funds. | 10% |
| 196C | Income from foreign currency bonds or GDR of an Indian company | 10% |
| 196D | Income of foreign institutional investors from securities | 20% |
Interest on Late TDS Payment
The TDS fee via challan is needed through the seventh of the subsequent month for the concerned month. In different words, when you have to pay the quantity deducted through you as TDS within April, then it should be completed by the seventh of May. Thus, if the charge isn’t always made by the due date, then interest on the due quantity is charged on a month-to-month foundation at the rate of 1.50% on the due quantity.
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