TDS rates for FY 2021-22

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