TDS Rate Chart

TDS Rate Charts for the FY 2023-24
Sec on Nature of transac on TDS Rate
192 Payment of salary Normal Slab Rates
With PAN: 10%

192A Premature withdrawal from EPF
Without PAN: 20%
193 Interest on securi es 10%
194 Payment of any dividend 10%
 Interest other than interest from securi es

(from deposits with banks/post office/co-
194A opera ve society) 10%
 Interest from banks/post office/co-opera ve
society
Income from lo ery winnings, card games,

194B 30%
crossword puzzles etc.
194BA Income from online games 30%
194BB Income from horse race winnings 30%
Payment to contractor/sub-contractor:-
194C a) Individuals/HUF 1%
b) Other than Individuals/HU 2%
Insurance commission to:
194D a) Domes c Companies 10%
b) Other than companies 5%

Insurance pay-out in respect of a life insurance
194DA 5%
policy
Payment to non-resident sportsmen/sports

194E 20% + surcharge + 4% cess
associa on
Payment of amount standing to the credit of a

194EE 10%
person under Na onal Savings Scheme (NSS)
Payment for the repurchase of the unit by Unit Trust

194F 20%
of India (UTI) or a Mutual Fund
Payments, commission, etc., on the sale of lo ery

194G 5%
ckets
194H Commission or brokerage 5%
Rent:
194-I 194-I(a) Rent on plant and machinery 2%
194-I(b) Rent on land/building/furniture/fi ng 10%
Payment in considera on of transfer of certain

194-IA 1%
immovable property other than agricultural land.
Rent payment by an individual or HUF not covered

194-IB 5%
u/s. 194-I
Payment under Joint Development Agreements

194-IC 10
(JDA) to Individual/HUF
194J Any sum paid by way of fee for professional services 10%
Any sum paid by way of

194J 10%
remunera on/fee/commission to a director
Any sum paid for not carrying out any ac vity
194J 10%
concerning any business;
Any sum paid for not sharing any know-how, patent,

194J 10%
copyright, etc.
194J Any sum paid as a fee for technical services 2%
Any sum paid by way of royalty towards the sale or

194J 2%
distribu on, or exhibi on of cinematographic films
Any sum paid as fees for technical services, but the

194J payee is engaged in the business of opera on of the 2%
call center.
Payment of any income for units of a mutual fund,

194K 10%
for example, dividend
Payment in respect of compensa on on acquiring

194LA 10%
certain immovable property
Payment of interest on infrastructure debt fund to

194LB
Non-Resident 5% + surcharge + 4% cess
Payment of interest for the loan borrowed in foreign

currency by an Indian company or business trust
194LC 5%
against loan agreement or the issue of long-term
bonds
Payment of interest for the loan borrowed in foreign

194LC currency by an Indian company or business trust 4%
against the issue of long-term bonds listed in IFSC
Payment of interest on bond (rupee-denominated)

194LD 5%
to FII or a QFI
Certain income distributed by a business trust to its
194LBA(1) 10%
unitholder
Interest income of a business trust from SPV

194LBA(2) 5%
distribu on to its unitholders
Dividend income of a business trust from SPV, in

which it holds the en re share capital exempt the
194LBA(2) 10%
capital held by the government, and distribu on to
its unitholders
Rental income payment of assets owned by the

194LBA(3) business trust to the unitholders of such business 30%
trust
Rental income payment of assets owned by the

194LBA(3) business trust to the unitholders of such business 40%
trust
Certain income paid to a unitholder in respect of

194LBB 10%
units of an investment fund
Certain income paid to a unitholder in respect of

194LBB 40%
units of an investment fund
Income from investment in securi sa on fund

194LBC 25%
received to an individual and HUF

194LBC 10%
received to a domes c company

194LBC 40%
received to a foreign company

194LBC 10%
received to NRI
Certain payments by Individual/HUF not liable to
194M 5%
deduct TDS under Sec on 194C, 194H, and 194J
Cash withdrawal from a banking company, co-

opera ve society engaged in the business of 2%
banking or a post office:
Filed ITR during the last three years and cash

2%
withdrawal exceeds Rs 3 crore
194N
In case person has not filed ITR for the last three
years
- total cash withdrawn is more than ₹20 lacs - 2%
and up to ₹3 Crore in a FY - 5%
- total cash withdrawn is more than ₹3 Crore is
a financial year
Payment for the sale of goods or provision of

1%
194O services by the e-commerce operator through its
5% in case PAN is not furnished
digital or electronic facility or pla orm.
Payment of pension or interest to specified senior

194P Normal tax slab rates
ci zens of age 75 years or more
194Q Payments for the purchase of goods 0.10%
194R Perquisite or benefit to a business or profession 10%
194S TDS on the transfer of virtual digital assets 1%
195 Income on investments made by NRI ci zen 20%
Income by way of LTCG referred to in sec on 115E in

195 10%
the case of NRI
195 Income by way of LTCG under sec on 112(1)(c)(iii) 10%

195 Income by way of LTCG under sec on 112A 10%
195 Income by way of STCG under sec on 111A 15%
195 Any other income by way of LTCG 20%
Interest payable on money borrowed by the

195 20%
government or Indian concern in foreign currency
Income from royalty payable by the Indian concern

or the government, for the copyright in a subject
195 referred in the first proviso of sec on 115A or 10%
computer so ware referred to in the second proviso
of sec on 115A
Income from royalty payable by government or

195 Indian concern in pursuance of an agreement on 10%
ma ers included in the industrial policy

Indian concern in pursuance of an agreement on
195 50%
If the agreement for such royalty payment is entered

in between 31st March 1961 and 1st April 1976

Indian concern in pursuance of an agreement on
195 10%
If the agreement for such royalty payment is entered

a er 31st March 1976
Income from technical fees payable by government

195 or Indian concern in pursuance of an agreement on 10%
ma ers related to industrial policy
or Indian concern in pursuance of an agreement on
195 50%
If the agreement for such payment is entered in

between 29th February 1964 and 1st April 1976

or Indian concern in pursuance of an agreement on
195 10%
If the agreement for such payment is entered a er

31st March 1976
195 Any other income 30%
195 Any other income 40%
Income (including LTCG) from units of an offshore

196B 10%
fund
Income (including LTCG) from foreign currency

196C 10%
bonds or GDR of an Indian company
Income (excluding dividend and capital gain) from

196D 20%
Foreign Ins tu onal Investors.
Payment to non-filers, i.e. those who have not filed

their income tax return in the last year
206AB Budget 2023:

Non filers do not include: - 2 mes the rate given in the Income Tax Act or
Finance Act or
- People who are not required to file their ITRs
- 5%, whichever is higher
- NRs who do not have a PE in India
206AA TDS rate in case of Non availability of PAN Rates specified above or 20%, whichever is higher

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TDS Rate Charts for the FY 2023-24

Sec on Nature of transac on TDS Rate

192 Payment of salary Normal Slab Rates

With PAN: 10%

193 Interest on securi es 10%

194 Payment of any dividend 10%

 Interest other than interest from securi es

Income from lo ery winnings, card games,

194BA Income from online games 30%

194BB Income from horse race winnings 30%

b) Other than Individuals/HU 2%

Insurance commission to:

194D a) Domes c Companies 10%

b) Other than companies 5%

Payment to non-resident sportsmen/sports

Payment of amount standing to the credit of a

Payment for the repurchase of the unit by Unit Trust

Payments, commission, etc., on the sale of lo ery

194H Commission or brokerage 5%

194-I 194-I(a) Rent on plant and machinery 2%

194-I(b) Rent on land/building/furniture/ﬁ ng 10%

Payment in considera on of transfer of certain

Rent payment by an individual or HUF not covered

Payment under Joint Development Agreements

Any sum paid by way of

Any sum paid for not sharing any know-how, patent,

194J Any sum paid as a fee for technical services 2%

Any sum paid by way of royalty towards the sale or

Any sum paid as fees for technical services, but the

Payment of any income for units of a mutual fund,

Payment in respect of compensa on on acquiring

Payment of interest on infrastructure debt fund to

Payment of interest for the loan borrowed in foreign

Payment of interest for the loan borrowed in foreign

Payment of interest on bond (rupee-denominated)

Interest income of a business trust from SPV

Dividend income of a business trust from SPV, in

Rental income payment of assets owned by the

Rental income payment of assets owned by the

Certain income paid to a unitholder in respect of

Certain income paid to a unitholder in respect of

Income from investment in securi sa on fund

Income from investment in securi sa on fund

Income from investment in securi sa on fund

Income from investment in securi sa on fund

Cash withdrawal from a banking company, co-

Filed ITR during the last three years and cash

Payment for the sale of goods or provision of

Payment of pension or interest to speciﬁed senior

194Q Payments for the purchase of goods 0.10%

194R Perquisite or beneﬁt to a business or profession 10%

194S TDS on the transfer of virtual digital assets 1%

195 Income on investments made by NRI ci zen 20%

Income by way of LTCG referred to in sec on 115E in

195 Income by way of LTCG under sec on 112(1)(c)(iii) 10%

195 Income by way of STCG under sec on 111A 15%

195 Any other income by way of LTCG 20%

Interest payable on money borrowed by the

Income from royalty payable by the Indian concern