TDS Rate Charts for the FY 2022-23

TDS Rate Charts for the FY 2022-23

Section For Payment of Threshold limit TTDS Rate %
192 Salary Income Basic exemption limit of employee Normal Slab Rates
192A Premature withdrawal from EPF Rs 50,000 10%
194 Payment of any dividend Rs 5,000 10%
194A Interest from other than interest from securities (from deposits with banks/post office/co-operative society) Rs. 40,000 (Rs 50,000 for Senior Citzens) 10%
194A Interest by others other than on securities Rs. 5,000 10%
194B Winnings from Lotteries / Puzzle / Game Rs. 10,000 30%
194BB Winnings from Horse Race Rs. 10,000 30%
194C Payment to contractor/sub-contractor Rs 30,000 (Single Transaction) Rs 1,00,000 (Aggregate of Transactions) 1% (Individuals/HUF) 2% (Others)
194D Payment of Insurance Commission Rs. 15,000 5% (10% in case of domestic companies)
194DA Maturity of Life Insurance Policy Rs 1,00,000 5%
194E Payment to non-resident sportsmen/sports association No limit 20%
194EE Payment of amount standing to the credit of a person under National Savings Scheme (NSS) 2,500 10%
194F Payment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual Fund No limit 20%
194 G Commission on Sale of Lottery tickets Rs 15,000 5%
194 H Commission or Brokerage Rs 15,000 5%
194 I Rent of Land, Building or Furniture & fitting Rs. 2,40,000 10%
194 I Rent of Plant & Machinery Rs. 2,40,000 2%
194 IA Transfer of Immovable Property , other than Agricultural land Rs. 50 lakh 1%
194 IB Rent payment by an individual or HUF not covered u/s. 194-I Rs 50,000 (per month) 5%
194IC Payment of monetary consideration under Joint Development Agreements No limit 10%
194J Fees for professional or technical services Rs 30,000 (Rs 0 in case of Directors) 2%  (Technical services or call centers), 10% (Professional services)
194K Payment of any income for units of a mutual fund, for example, dividend No limit 10%
194LA Payment of compensation on acquisition of certain immovable property Rs 2,50,000 10%
194LB Interest from Infrastructure Bond to NRI No limit 5%
194 LD Payment of interest on bond (rupee-denominated) to FII or a QFI NA 5%
194M Certain payments by Individual/HUF not liable to deduct TDS under Section 194C, 194H, and 194J 50 Lakh 5%
194N Cash withdrawal from bank and ITR filed  Rs 1cr 2%
194N Cash withdrawal from bank and ITR not filed  Rs 20 Lakh 2%
194N Cash withdrawal from bank and ITR not filed  Rs 1cr 5%
194O Payment for the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform. Rs 5 lakh 1%
194P TDS on Senior Citizen above 75 Years (No ITR filing cases) Basic exemption limit of senior citizens or super senior citizens Slab Rates
194Q Payments for the purchase of goods Rs 50 lakh 0.10%
194R Benefits or perquisites arising from business or profession Rs 20,000 10%
194S TDS on payment for Virtual Digital Assets or crypto currency (w.e.f. 01.07.2022) “Specified Persons- 50,000

Others- 10,000”

1%

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