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    TDS Rates Summary - Nikunj Goenka

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    Ankur Pattani

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    TDS Rates Summary - Nikunj Goenka

    Uploaded by

    Ankur Pattani
    5 views1 page

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    TDS Rates summary_Nikunj Goenka

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    5 views1 page

    TDS Rates Summary - Nikunj Goenka

    Uploaded by

    Ankur Pattani

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    SUMMARY OF TDS RATES & THRESHOLD LIMITS (UPDATED AS PER FINANCE ACT 2023)

    Section Income TDS Rates TDS Limits


    192 Salary Average Rate of Income-Tax Basic Exemption Limit
    194P Specified Bank on Income of Specified Senior Citizen Rates in force Basic Exemption Limit
    192A Premature withdrawal from RPF 10% 50,000
    193 Interest on securities 10% 10,000 - Govt Bonds | 5,000 - Debentures
    40,000 - Paid by Bank to Below 60
    194A Interest other than securities 10% 50,000 -Paid by Bank to Resident Senior Citizen
    5,000 - Others
    194 Dividend 10% 5,000 (non-cash)
    194K Income on Units 10% 5,000 (non-cash)
    194EE NSC Deposits 10% < 2,500
    194LA Compulsory acquisition of immovable property 10% 2,50,000

    194J 10% 30,000 separately (no limit for director)


    Fee for professional /technical/non-compete fees/director remuneration
    194IC Joint Development Agreement 10% on non-kind -
    194R Benefits or Perquisites of business/profession 10% 20,000
    194I Rent by persons other than SME individuals/HUF 2%/10% 2,40,000
    194B Winning from Lottery, card games (other than online game) 30% 10,000 (FY)
    194BA Winning from online games 30% -
    194BB Winning from Horse Races 30% 10,000 (FY)
    194C Work 1%/2% 30,000 (single)/ 1,00,000 (aggregate)
    194IA Transfer of Immovable property (other than rural agri land) 1% on SDV/ASV < 50,00,000
    194O E-commerce operator 1% Gross sale by individual/HUF < 5 lakhs
    194N Cash withdrawals 2% 1 crore / 3 crore (recipient is cooperative society)
    194D Insurance Commission 5% 15,000
    194H Commission/Brokerage 5% 15,000
    194G Commission on lottery tickets 5% 15,000
    194DA Life Insurance Policy 5% on income < 1,00,000
    194IB Rent of land or building 5% 50,000 per month
    194M Work/Commission/Professional services by SME Individuals/HUF 5% 50,00,000
    194E Non-Resident Sportsman 20.80% -
    194Q Purchase of goods 0.1% above 50,00,000 50,00,000

    Prepared by CA Nikunj Goenka Call: 9007922093 Register online: www.nikunjgoenka.com

    CA NIKUNJ GOENKA

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