In this post, we will see the TDS Section list and the rates applicable for the current Financial Year for Salaried, Non-Salaried, and NRIs.
TDS Section and rate for Salaried
TDS on Salary is applicable under section 192A. The rate of TDS is defined by the Income Tax Department (ITD)
TDS Section list for Non-Salaried
| Section | Nature of Payment | Threshold (Rs) | Rate |
|---|---|---|---|
| 192A | Salaries | – | As defined by ITD |
| 192A | Premature withdrawal from EPF | 50,000 | 10% |
| 193 | Interest on Securities | 10,000 | 10% |
| 194 | Dividend other than the dividend as referred to in Section 115-O | 2500 | 10% |
| 194A | Interest payment by banks, Co-op. Societies or Post Offices | 10000 | 10% |
| 194A | Interest payment by others | 5000 | 10% |
| 194B | Winnings from Lotteries / Puzzle / Game | 10000 | 30% |
| 194BB | Winnings from Horse Race | 10000 | 30% |
| 194C | Payment to Contractors/sub-contractors | – | – |
| Transporter, who has provided a valid PAN | 0% | ||
| Individual/HUFs | 1% | ||
| Others | 2% | ||
| 194D | Payment of Insurance Commission | 15000 | 5% |
| 194DA | Life Insurance Policy | 1 Lakh | 1% |
| 194EE | Payment of NSS Deposits | 2500 | 10% |
| 194F | Repurchase of units by Mutual Funds / UTI | – | 20% |
| 194G | Commission on Sale of Lottery tickets | 15000 | 5% |
| 194H | Commission or Brokerage | 15000 | 5% |
| 194I(a) | Rent of Land, Building or Furniture | 1.80 Lakh | 10% |
| 194I(b) | Rent of Plant & Machinery | 1.80 Lakh | 2% |
| 194IA | Consideration for transfer of an immovable property other than agricultural land | 50 Lakh | 1% |
| 194IB | Payment of rent by individual or HUF not liable to tax audit | 50000/PM | |
| Individual/HUF | 5% | ||
| Others | NA | ||
| 194IC | Consideration (not being in kind) under the Joint Development Agreement or other similar agreement | – | 10% |
| 194J | Professional / technical services, royalty | 30000 | 10% |
| 194J(1)(ba) | Remuneration Paid To Directors | – | 10% |
| 194LA | Compensation on the acquisition of certain immovable property | 2.50 lakh | 10% |
| 194LBA | Income distribution by a Business Trust u/s 115UA | – | 10% |
| 194LBB | Income distribution by an Investment Fund u/s 115UB | – | 10% |
| 194LBC | Income distribution by a Securitisation Trust u/s 115TCA | ||
| Individual/HUF | 25% | ||
| Others | 30% | ||
| 194M | Payment to resident contractors and professionals | more than 50 lakhs | 5% |
| 194N | Cash withdrawals made by any individual | more than Rs. 1 crore | 2% |
TDS Section list for NRIs
| Section | Nature of Payment | Threshold (Rs) | Rate |
|---|---|---|---|
| 192A | Payment of the taxable accumulated balance of provident fund (For NRIs) | 10,000 | 10% |
| 194B | Winnings from Lotteries / Puzzle / Game exceeding the threshold limit in the financial year. (For NRIs) | 10,000 | 30% |
| 194BB | Winnings from Horse Race exceeding threshold limit in the financial year. | 10,000 | 30% |
| 194E | Payment to non-resident sportsmen/sports association | – | 20% |
| 194EE | Payment of NSS Deposits exceeding the threshold limit in the financial year | 2500 | 10% |
| 194F | Repurchase of units by Mutual Funds / UTI | – | 20% |
| 194G | Commission on Sale of Lottery tickets exceeding the threshold limit in the financial year | 15,000 | 5% |
| 194LB | Interest on infrastructure debt fund | – | 5% |
| 194LBA (2) | Interest income distribution by a Business Trust | – | 5% |
| 194LBA (3) | Real Estate income distribution by a Business Trust | – | 30% |
| 194LBB | Income distribution by an Investment Fund u/s 115UB | – | 30% |
| 194LBC | Income distribution by a Securitisation Trust u/s 115TCA | – | 30% |
| 194LC | Interest income from an Indian company on money borrowed in foreign currency | – | 5% |
| 194LD | Income by way of interest on certain rupee-denominated bonds and Government securities | – | 5% |
| 196B | Income from Units (including long-term capital gain on transfer of such units) to an offshore fund | – | 10% |
| 196C | Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) | – | 10% |
| 196D | Income of Foreign Institutional Investors from securities (not being a dividend or capital gain arising from such securities) | – | 20% |
| 195 | Payment of any other sum to a Non-resident | – | |
| a. Income in respect of investment made by a Non-resident Indian Citizen | – | 20% | |
| b. Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen | – | 10% | |
| c. the Income by way of long-term capital gains referred to in Section 112 (1)(c)(iii) | – | 10% | |
| d. Income by way of short-term capital gains referred to in Section 111A | – | 15% | |
| e. Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of Section 10] | – | 20% | |
| f. Income by way of interest (not being interest referred to in Section 194LB or Section 194LC or Section 194LD) | – | 20% | |
| g. Income by way of royalty | – | 10% | |
| h. Income by way of royalty [not being royalty of nature referred to point g) above | – | 10% | |
| i. Income by way of fees for technical services | – | 10% | |
| j. Any other income | – | 30% |
Related: TDS chart FY 2019-2020
