As we move in to the new financial year, here is the list of TDS rates for FY 2021-22 on different types of Income/Payments.
| Section | Nature of Payment | Threshold | Rate |
|---|---|---|---|
| 192 | Income from Salary | 250000 | Slab Rate Applicable |
| 192A | Payment of accumulated balance due to an employee made by the trustees of the Employees’ Provident Fund | 50000 | 10% |
| 193 | Interest on Debentures & Securities | 10000 | 10% |
| 194 | Dividend (Other than listed companies) | 5000 | 10% |
| 194A | Other Interest | 40,000
(50,000 for Senior Citizens) |
10% |
| 194B | Winnings from Lotteries / Puzzle / Game | 10000 | 30% |
| 194BB | Winnings from Horse Race | 10000 | 30% |
| 194C | Payment to Contractors | Single Payment- 30000
Multiple Payment – 75000 |
1% – Individuals/HUF
2% – Others |
| 194D | Payment of Insurance Commission | 15000 | 5% – Other than Company
10% – Company |
| 194DA | Payment in respect of life insurance policy | 100000 | 5% |
| 194E | Payment to nonresident sportsmen or sports association | – | 20% |
| 194EE | Withdrawal from NSS | 2500 | 10% |
| 194F | Repurchase of Units by MF/UTI
|
20% | |
| 194G | Commission on Sale of Lottery Tickets | 15000 | 5% |
| 194H | Commission or Brokerage | 5000 | 5% |
| 194I(a) | Rent of Plant & Machinery | 240000 | 2% |
| 194I(b) | Rent of Land, Building, Furniture, etc | 240000 | 10% |
| 194J(a) | Fee for Technical Services/Royalty/Operating Call Centre | 30000 | 2% |
| 194J(a) | Fee for Professional Services | 30000 | 10% |
| 194K | Income From Mutual Fund Units | 5000 | 10% |
| 194LA | Compensation on Compulsory Acquisition of immovable property | 250000 | 10% |
| 194LB | Income by way of interest from Infrastructure Debt Fund
|
– | 5% |
| 194LBA(a) | Certain income in the form of interest from units of a business trust to a residential unit holder | – | 10% – Resident
5% – Non-Resident |
| 194LBA(b) | Certain income in the form of dividend from units of a business trust to a residential unit holder | – | 10% |
| 194LBB | Income in respect of units of investment fund | – | 10% – Resident
30% – Non-Resident Other than Company 40% – Non-Resident Company |
| 194LBC | Income in respect of investment in securitization trust | – | 25% – Resident individual/HUF
30% – Resident Others 30% – Non-Resident Other than Company 40% – Non-Resident Company |
| 194LC | Income by way of interest from specified company payable to a non-resident | – | 5% |
| Income by way of monies borrowed way of issue of any long-term bond or rupee denominated bond | – | 4% | |
| 194M | TDS on Payments to resident Contractors or Professionals by Individual/HUF | 5000000 | 5% |
| 194N | Cash withdrawal exceeding 1 crore by a person with a banking company, co-operative society engaged in business of banking or Post Office | 10000000 | 2% |
| 194NF | Cash withdrawal by a Non-Filer Income Tax Returns | Amounts exceeding Rs. 20 Lakhs and not exceeding Rs. 1 Crore. | 2% |
| Amounts exceeding Rs. 1 Crore | 5% | ||
| 194O | Payment of certain sums by e-commerce operator to e-commerce participant | 500000 | 1% |
| 194P | TDS on income only from Pension / Interest by Senior Citizen above 75 Years | – | Slab rate applicable for senior citizens |
| 194Q | Purchase of Goods (Applicable w.e.f 1st July 2021) | 5000000 | 0.1% |
| 195 | Income from investments – made by an NRI | – | 20% |
| income from long-term capital gains under Section 115E for an NRI | – | 10% | |
| Income from long-term capital gains | – | 10% | |
| Short -term capital gains under Section 111A | – | 15% | |
| Any other income from long-term capital gains | – | 20% | |
| Interest payable on money borrowed in foreign currency | – | 20% | |
| Income from royalty payable by the Government or an Indian concern | – | 10% | |
| Income from royalty other than that which is payable by the Government or an Indian concern | – | 10% | |
| Income from fees for technical services payable by the Government or an Indian concern | – | 10% | |
| Any other source of income | – | 50% Company
30% Others |
|
| 196A | Income in respect of Units of Non-residents | – | 20% |
| 196B | Income and Long-term Capital gain from units of an Off shore fund | – | 10% |
| 196C | Income and Long-term Capital Gain from Foreign Currency Bonds or shares of Indian Companies | – | 10% |
| 196D | Income of Foreign Corporate Investors for Securities | – | 20% or Rate as per DTAA whichever is lower |
| 206AB | TDS on non-filers of ITR at higher rates
(Applicable w.e.f 1st July 2021) |
– | Twice the rate specified or 5% whichever is higher |
