TDS Section list - Salaried, Non-Salaried and NRIs

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%

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 2018-2019

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