TDS Rates Chart (AY 2022-23 FY 2021-22) – Updated

Very Important Notes

Note 1: The tax shall be deducted by an individual and HUF under these provisions if his total sales, gross receipts or turnover exceed Rs. 1 crore in case of business or Rs. 50 lakhs in case of the profession during the financial year immediately preceding the financial year in which sum is credited or paid.

Note 2 : Rounding off TDS: The amount of tax to be deducted shall be rounded off to the nearest multiple of Rs. 10. For this purpose, any part of a rupee, consisting of Paisa is ignored. Thereafter, if such amount is not a multiple of Rs. 10, and the last figure in that amount is five or more, it is increased to next higher amount which is a multiple of Rs. 10 and if last figure is less than five, the amount is reduced to the next lower amount which is a multiple of ten.

Note 3: Requirement to furnish PAN or Aadhaar: Where any person is entitled to receive any income or any other sum on which tax is deductible at source, he is required to provide his Permanent Account Number (PAN) or Aadhaar to the person responsible for deduction of tax, i.e., Deductor. In case the PAN or Aadhaar is not furnished, by virtue of Section 206AA the tax shall be deducted at higher rates.

Note 4: Requirement to furnish Return of income: Where any person, who is entitled to receive any income (or sum or amount) on which tax is deductible at source, fails to furnish his return of income for the specified period and tax deducted/collected during that period exceeds specified limit, the tax shall be deducted under Section 206AB at a higher rates.

TDS Rates Chart (F.Y.2021-22 A.Y.2022-23) (Resident Indian) (Other Than a Company)

This TDS rates chart applicable for financial year from 01-04-2021 to 31-03-2022 and for Assessment Year 2022-23. These TDS rates applicable to resident of Indian (other than a company). To know more about TDS rates applicable on other assessee please scroll down.

SectionParticularsTDS Rates
192Salary (As per Income Tax Slab)Slab
192APremature withdrawal from EPF10%
193Interest on Securities10%
194Payment of any dividend10%
194AIncome in the form of interest (other than interest on securities).10%
194BIncome by way of lottery winnings, card games, crossword puzzles, and other games of any type30%
194BBIncome by way of horse race winnings30%
194CPayment to Contractor/Sub Contractor - Individuals/HUF1%
194CPayment to Contractor/Sub Contractor - Others2%
194DInsurance commission5%
194DAPayment of any sum in respect of a life insurance policy.w.e.f. 1st September 2019, the insurer shall deduct tax (TDS) on the income portion comprised in the insurance pay-out.5%
194EEPayment of amount standing to the credit of a person under National Savings Scheme (NSS)10%
194FPayment due to repurchase of a unit by Unit Trust of India (UTI) or a Mutual Fund20%
194GPayments such as commission, etc., on the sale of lottery tickets5%
194HCommission or Brokerage5%
194IRent on
a) Plant and Machinery
2%
194IRent on
b) Land/building/furniture/fitting w.e.f 1st April 2019, tax deduction limit on rent is increased to Rs 2.4 lakhs p.a. from Rs 1.8 lakhs p.a.
10%
194IAPayment in consideration of transfer of certain immovable property other than agricultural land.1%
194IBRent payment by an individual or HUF not covered u/s. 194I5%
194ICPayment under Joint Development Agreements (JDA) to Individual/HUF10%
194JAny sum paid by way of:
(a) Fee for professional services;
10%
194J(b) Remuneration/fee/commission to a director;10%
194J(c) For not carrying out any activity in relation to any business;10%
194J(d) For not sharing any know-how, patent, copyright etc.10%
194J(e) Fee for technical services, and2%
194J(f) Royalty towards the sale or distribution, or exhibition of cinematographic films.2%
194J(g) Fees for technical services but payee is engaged in the business of operation of call centre2%
194KPayment of any income for units of a mutual fund as per section 10(23D) or from the administrator or specified company 10%
194LAPayment in respect of compensation on acquisition of certain immovable property.10%
194LBA(1)Certain income distributed by a business trust to its unitholder10%
194LBBCertain income paid in respect of units of an investment fund to a unitholder10%
194LBCIncome frominvestment in securitisation fund
(a) Individual and HUF
25%
194LBCIncome frominvestment in securitisation fund
(b) Others
30%
194MCertain payments by Individual/HUF (Limit- Rs 50 Lakhs)5%
194N Cash withdrawal exceeding a certain amount (limit- Rs 1 crore).

2%
194NIn case Rs 20 lakh or more is withdrawn by the person not-filing ITR for the last three years, for which the due date of filing ITR has expired, the TDS rates shall be applicable as per below slabs-
For the amount more than Rs.20 lakh but up to Rs. 1 crore
2%
194NAnd for the amount exceeding Rs. 1 crore 5%
194O For the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform.1%
194PTax deduction by specified banks while making payments (pension or interest) to specified senior citizens or age 75 years or more.As per Slab
194QPayments to residents for the purchase of goods if the aggregate value of goods exceeds Rs 50 lakhs.(TDS is deductible on value exceeding Rs 50 lakhs)0.1%
Any Other Income10%

TDS Rates Chart (F.Y.2021-22 A.Y.2022-23) (Non Resident Indian) (Other Than a Company)

This TDS rates chart applicable for financial year from 01-04-2021 to 31-03-2022 and for Assessment Year 2022-23. These TDS rates applicable to Non-Resident of Indian (other than a company). To know more about TDS rates applicable on other assessee please scroll down.

SectionParticularsTDS Rates
192Salary (As per Income Tax Slab)Slab
192APremature withdrawal from EPF10%
194BIncome by way of lottery winnings, card games, crossword puzzles, and other games of any type30%
194BBIncome by way of horse race winnings30%
194E Payment to non-resident sportsman (including an athlete) or an entertainer (not a citizen of India) or non-resident sports association.20%
194EEPayment of amount standing to the credit of a person under National Savings Scheme (NSS)10%
194FPayment due to repurchase of a unit by Unit Trust of India (UTI) or a Mutual Fund20%
194GPayments such as commission, etc., on the sale of lottery tickets5%
194LBPayment in respect of compensation on acquisition of certain immovable property.5%
194LBA(2)Payment like-
-interest income received or receivable to a business trust from SPV and distribution to its unitholders.
5%
194LBA(2)Payment like-
-dividend income received from SPV by a business trust, in which it holds the entire share capital other than required to be held by the government or government body, and distribution to its unitholders.
10%
194LBA(3)payment in the nature of income in the nature of rental income, out of real estate assets owned directly by such business trust, to unitholders.30%
194LBBPayment of certain income by an investment fund to a unitholder30%
194LBCIncome from investment in securitisation fund30%
194LCPayment in the nature of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or against the issue of long-term bonds*.5%
194LC*If interest is payable against long term bonds listed in recognised stock exchange in IFSC4%
194LDPayment of interest on the bond (rupee-denominated) to Foreign Institutional Investors or a Qualified Foreign Investor5%
195Payment of any other sum to NRI:Income on investments made by NRI citizen;20%
195Income by way of LTCG referred to in section 115E in the case of NRI;10%
195Income by way of LTCG under section 112(1)(c)(iii);10%
195Income by way of LTCG under section 112A;10%
195Income by way of STCG under section 111A;15%
195Any other income by way of LTCG;20%
195Interest payable on money borrowed by the government or Indian concern in foreign currency;20%
195Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a person resident in India10%
195Income from royalty payable to the Indian concern by government or Indian concern in pursuance of an agreement on matters related to industrial policy;10%
195Income from technical fees to the Indian concern by government or Indian concern in pursuance of an agreement on matters related to industrial policy;10%
195Any other income.30%
196BIncome from units (including long-term capital gain on transfer of such units) to an offshore fund10%
196CIncome from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)10%
196DIncome of foreign Institutional Investors from securities (not being dividend or capital gain arising from such20%

TDS Rates Chart (F.Y.2021-22 A.Y.2022-23) (Domestic Company)

This TDS rates chart applicable for financial year from 01-04-2021 to 31-03-2022 and for Assessment Year 2022-23. These TDS rates applicable to Domestic Company. To know more about TDS rates applicable on other assessee please scroll down.

SectionParticularsTDS Rates
192Salary (As per Income Tax Slab)Slab
192APremature withdrawal from EPF10%
193Interest on Securities10%
194Payment of any dividend10%
194AIncome in the form of interest (other than interest on securities).10%
194BIncome by way of lottery winnings, card games, crossword puzzles, and other games of any type30%
194BBIncome by way of horse race winnings30%
194CPayment to Contractor/Sub Contractor - Individuals/HUF1%
194CPayment to Contractor/Sub Contractor - Others2%
194DInsurance commission5%
194DAPayment of any sum in respect of a life insurance policy.w.e.f. 1st September 2019, the insurer shall deduct tax (TDS) on the income portion comprised in the insurance pay-out.5%
194EEPayment of amount standing to the credit of a person under National Savings Scheme (NSS)10%
194FPayment due to repurchase of a unit by Unit Trust of India (UTI) or a Mutual Fund20%
194GPayments such as commission, etc., on the sale of lottery tickets5%
194HCommission or Brokerage5%
194IRent on
a) Plant and Machinery
2%
194IRent on
b) Land/building/furniture/fitting w.e.f 1st April 2019, tax deduction limit on rent is increased to Rs 2.4 lakhs p.a. from Rs 1.8 lakhs p.a.
10%
194IAPayment in consideration of transfer of certain immovable property other than agricultural land.1%
194ICPayment under Joint Development Agreements (JDA) to Individual/HUF10%
194JAny sum paid by way of:
(a) Fee for professional services;
10%
194J(b) Remuneration/fee/commission to a director;10%
194J(c) For not carrying out any activity in relation to any business;10%
194J(d) For not sharing any know-how, patent, copyright etc.10%
194J(e) Fee for technical services, and2%
194J(f) Royalty towards the sale or distribution, or exhibition of cinematographic films.2%
194J(g) Fees for technical services but payee is engaged in the business of operation of call centre2%
194KPayment of any income for units of a mutual fund as per section 10(23D) or from the administrator or specified company 10%
194LAPayment in respect of compensation on acquisition of certain immovable property.10%
194LBA(1)Certain income distributed by a business trust to its unitholder10%
194LBBCertain income paid in respect of units of an investment fund to a unitholder10%
194LBCIncome frominvestment in securitisation fund
(a) Individual and HUF
25%
194LBCIncome frominvestment in securitisation fund
(b) Others
30%
194MCertain payments by Individual/HUF (Limit- Rs 50 Lakhs)5%
194N Cash withdrawal exceeding a certain amount (limit- Rs 1 crore).

2%
194NIn case Rs 20 lakh or more is withdrawn by the person not-filing ITR for the last three years, for which the due date of filing ITR has expired, the TDS rates shall be applicable as per below slabs-
For the amount more than Rs.20 lakh but up to Rs. 1 crore
2%
194NAnd for the amount exceeding Rs. 1 crore 5%
194O For the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform.1%
194PTax deduction by specified banks while making payments (pension or interest) to specified senior citizens or age 75 years or more.As per Slab
194QPayments to residents for the purchase of goods if the aggregate value of goods exceeds Rs 50 lakhs.(TDS is deductible on value exceeding Rs 50 lakhs)0.1%
Any Other Income10%

TDS Rates Chart (F.Y.2021-22 A.Y.2022-23) (Not a Domestic company)

This TDS rates chart applicable for financial year from 01-04-2021 to 31-03-2022 and for Assessment Year 2022-23. These TDS rates applicable to Not a Domestic Company. To know more about TDS rates applicable on other assessee please scroll down.

SectionParticularsTDS Rates
194BIncome by way of lottery winnings, card games, crossword puzzles, and other games of any type30%
194BBIncome by way of horse race winnings30%
194E Payment to non-resident sportsman (including an athlete) or an entertainer (not a citizen of India) or non-resident sports association.20%
194GPayments such as commission, etc., on the sale of lottery tickets5%
194LBPayment in respect of compensation on acquisition of certain immovable property.5%
194LBA(2)Payment like-
-interest income received or receivable to a business trust from SPV and distribution to its unitholders.
5%
194LBA(2)Payment like-
-dividend income received from SPV by a business trust, in which it holds the entire share capital other than required to be held by the government or government body, and distribution to its unitholders.
10%
194LBA(3)payment in the nature of income in the nature of rental income, out of real estate assets owned directly by such business trust, to unitholders.40%
194LBBPayment of certain income by an investment fund to a unitholder40%
194LBCIncome from investment in securitisation fund40%
194LCPayment in the nature of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or against the issue of long-term bonds*.5%
194LC*If interest is payable against long term bonds listed in recognised stock exchange in IFSC4%
194LDPayment of interest on the bond (rupee-denominated) to Foreign Institutional Investors or a Qualified Foreign Investor5%
195Payment of any other sum
195Income by way of LTCG under section 112(1)(c)(iii);10%
195Income by way of LTCG under section 112A;10%
195Income by way of STCG under section 111A;15%
195Any other income by way of LTCG;20%
195Interest payable on money borrowed by the government or Indian concern in foreign currency;20%
195 Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 31st day of March, 1976 10%
195Income from royalty payable to the Indian concern by government or Indian concern in pursuance of an agreement on matters related to industrial policy;10%
195A. where the agreement is made after the 31st day of March, 1961 but before the 1st day of April, 197650%
195B. where the agreement is made after the 31st day of March, 197610%
195Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy—
A. where the agreement is made after the 29th day of February, 1964 but before the 1st day of April, 1976
50%
195B. where the agreement is made after the 31st day of March, 197610%
195i) Any other income40%
196BIncome from units (including long-term capital gain on transfer of such units) to an offshore fund10%
196CIncome 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 dividend or capital gain arising from such securities)20%

Surcharge and Health & Education Cess

(a) In case payment is made to a person, being a resident in India, rate of TDS prescribed above shall not be increased by the surcharge and education cess.

(b) In case payment is made to a person, being a non-resident, rate of TDS prescribed above shall be further increased by the surcharge and education cess.

Type of assessee Income Surcharge (as a % of the TDS rate) Health and Education Cess (as a % of TDS rate plus surcharge)
Foreign company Up to Rs. 1 crore Nil 4%
More than Rs. 1 crore but up to Rs. 10 crores 2% 4%
More than Rs. 10 crores 5% 4%
Domestic company opting for section 115BAA or 115BAB Any income 10% 4%
Any other Domestic company Up to Rs. 1 crore Nil 4%
More than Rs. 1 crore but up to Rs. 10 crores 7% 4%
More than Rs. 10 crores 12% 4%
Co-operative society opting for section 115BAD Any income 10% 4%
Any other co-operative Society/Firm/LLP/Local Authority Up to Rs. 1 crore Nil 4%
More than Rs. 1 crores 12% 4%
Others Up to Rs. 50 lakhs (including dividend income and income referred to in Section 111A and Section 112A) Nil 4%
More than Rs. 50 lakhs but up to Rs. 1 crore (including dividend income and income referred to in section 111A and section 112A) 10% 4%
More than Rs. 1 crore but upto Rs. 2 crores (including dividend income and income referred to in section 111A and section 112A) 15% 4%
More than Rs. 2 crores but up to Rs. 5 crores (excluding dividend income and income referred to in section 111A and section 112A) 25% 4%
More than Rs. 5 crores (excluding dividend income and income referred to in section 111A and section 112A) 37% 4%
More than Rs. 2 crores (including dividend income and income referred to in section 111A and section 112A) 15% 4%

 

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