TDS Rates for AY 2022-23

Section

Particulars

TDS Rates (in %)

Threshold Limit

Section 192

Payment of salary

According to Income Slab as specified above

Income Tax Slab

Section 192A

Payment of accumulated balance of provident fund which is taxable in the hands of an employee (with effect from 01.06.2015).

10%

Rs. 50,000

Section 193

Interest on securities

a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;

b) any debentures issued by a company where such debentures are listed on a recognized stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;

c) any security of the Central or State Government;

d) interest on any other security

10%

Rs. 10,000

And

Rs. 5000 respectively.

Section 194

Dividend other than the dividend as referred to in Section 115-O

10%

Rs. 5,000

Section 194A

Income by way of interest other than “Interest on securities”

10%

Rs. 40,000(Rs. 50,000 for citizens)

Section 194B

Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort

30%

Rs. 10,000

Section 194BB

Income by way of winnings from horse races

30%

Rs. 10,000

Section 194C Payment to contractor/sub-contractor 

 a) HUF/Individuals

1%

Rs. 30,000 / Rs. 1,00,000

Section 194C Payment to contractor/sub-contractor 

b) Others

2%

Rs. 30,000 / Rs. 1,00,000

Section 194D

Insurance Commission

5% (10% till Assessment year 2016-17)

Rs. 15,000

Section 194DA

Payment in respect of life insurance policy

5% (2% till 31-5-2016)

Rs. 1,00,000

Section 194-E

Payment to non-resident sportsmen / sports association.

20%

–

Section 194EE

Payment in respect of deposit under National Savings scheme

10% (20% till 31-5-2016)

Rs. 2,500

Section 194F

Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India

20%

Rs.

Section 194G

Commission, etc., on sale of lottery tickets

5% (10% till 31-5-2016)

Rs. 15,000

Section 194H:

Commission or brokerage

5% (10% till 31-5-2016)

Rs. 15,000

Section 194-I: Rent

a) Plant & Machinery

2%

Rs. 2,40,000

Section 194-I: Rent

b) Land or building or furniture or fitting

10%

Rs. 2,40,000

Section 194-IA

Payment on transfer of certain immovable property other than agricultural land

1%

Rs. 5,00,000

Section 194-IB

Rent payable by an individual or HUF not covered u/s. 194I (W.E.F. from 01.06.2017)

5%

Rs. 50,000

Section 194-IC

Payment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement

10%

–

Section 194J

Any sum paid by way of

1. Fee for professional services. And, Fee for technical services.
2. Royalty, Remuneration/fee/commission to a director.
3. Any Others. For not carrying out any activity in relation to any business. For not sharing any know-how, patent, copyright etc.

2%

2%

10%

Rs. 30,000

Section 194-K

Income in respect of units payable to resident person.

10%

Rs. 5000

Section 194LA

Payment of compensation on acquisition of certain immovable property

10%

Rs. 2,50,000

Section 194-LA

Payment of compensation on acquisition of certain immovable property.

10%

Rs. 2,50,000

Section 194-LB

Interest from Infrastructure Bond to NRI.

5%

–

Section 194-LBA (1)

Business trust shall deduct tax while distributing, any interest received or receivable by it from an SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unitholders.

10%

–

Section 194LBB

Investment fund paying an income to a unitholder [other than income which is exempt under Section 10(23FBB)]

10%

–

Section 194LBC

Income in respect of investment made in a securitization trust (specified in Explanation of Section 115TCA)

25% in case of Individual or HUF.

30% in case of other individuals.

–

Section 194LC

Interest income from Indian company on funds borrowed in international currency

5%

–

Section 194 M

Payment of Commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person.

5%

–

Section 194-N

Cash withdrawal during the FY from one or more account maintained by a person with a banking company, cooperative society engaged in business or a post office

a.)  2% from the amount withdrawn in cash if the aggregate of amount withdrawn exceeds 200,000.

b.)  5% from the amount withdrawn in cash if aggregate of amount exceeds 1 crore.

2%

(2/5) %

>Rs. 1 crore.

Section 194-O

Payment or credit of amount by the e-commerce.

1%

–

Section 194-P

Deduction of Tax by specified bank in case of senior citizen having age 75 or more.

Tax on Total income as per rate in force.

–

Section 194-Q

Payment to resident for purchase of goods of the aggregate value exceeding 50 lakhs.

Any Other Income

0.1%

10%

Rs. 50,00,000

Section 194LD

Income by way of interest on certain government securities and rupee-denominated bonds

5%

–