TDS Rates Chart FY 2024-25 (AY 2025-26)

TDS Rates Chart FY 2024-25 AY 2025-26: This is an updated TDS Rates chart for the Financial Year 2024-25 (Assessment Year 2025-26). It gives an overview of all recent changes made and includes additional amendments up to date, thereby serving as a complete guide on applicable rates of TDS on different categories of income.

“R” denotes Resident, “NR” denotes Non-Resident, “NDC” denotes Non-Domestic Company

TDS Rates Chart FY 2024-25 AY 2025-26

SectionNature of PaymentTDS RateThreshold LimitDeductee
192SalaryAs per slabAs per slabR,NR
192APayment of taxable accumulated balance of provident fund10% 150000R,NR
193Interest on securities10% 2Debentures - 5000
8% Saving Bonds - 10000
Others - Zero
R
194Dividend10%5000R
194AInterest other than interest on securities - Paid/payable by a bank/co-operative bank/post office to a senior citizen10%Sr. Citizen: 50000
Others: 40000
R
194AInterest other than interest on securities - Paid/payable by any other person10%5000R
194BWinnings from games such as lotteries, cards, crossword puzzles, and any other game30%10000R,NR,NDC
194BAOnline gaming income30%ZeroR,NR,NDC
194BB
Horse racing winnings income
30%10000R,NR,NDC
194CPayment to contractor/sub-contractor to Ind/HUF1%Single Transaction: 30000
Aggregate Transactions: 100000
R
194CPayment to contractor/sub-contractor to any person other than Ind/HUF2%Single Transaction: 30000
Aggregate Transactions: 100000
R
194DInsurance Commission to domestic company10%15000R
194DInsurance Commission to other than domestic company5%15000R
194DA Payments in connection with insurance pay-outs in respect of life insurance policy 5%100000R
194EPayment to a non-resident sportsman/entertainer or non-resident sports association20%ZeroNR,NDC
194EEPayment in respect of deposits under National Saving Scheme, 198710%2500R,NR
194FPayment for repurchase of units of MF or UTI20%ZeroR,NR
194GCommission on sale of lottery tickets5%15000R,NR,NDC
194HCommission or brokerage5%15000R
194IRent of plant and machinery2%240000R
194IRent of land or building or furniture or fitting10%240000R
194IATransfer of immovable property other than agricultural land in consideration of payment.1%50,00,000R
194IBRent paid/credited by an individual/HUF (if his total sales, turnover, or gross receipts do not exceed Rs. 1 crore in the case of business, or Rs. 50 lakh in the case of the profession in the previous year)5%50,000 p.mR
194ICPayment of consideration under joint development agreement to Individual/HUF10%ZeroR
194JFee for Professional Services10%30000R
194J A fee paid for technical services, but the payee operates the call center as a business.2%30000R
194JRoyalties paid for the sale, distribution, or exhibition of cinematographic films2%30000R
194JFees paid for technical services2%30000R
194JRemuneration/fees/commissions paid to directors10%30000R
194JAny sum referred to in section 28(va)10%30000R
194KAny income derived from mutual funds, such as dividends10%5000R
194LACompensation for acquiring certain immovable properties10%250000R
194LBPayment/credit by way of interest by infrastructure debt fund5%3ZeroNR,NDC
194LBA(1)Business trusts distribute certain income to their unitholders10%ZeroR
194LBBA certain amount of income paid to an investment fund unitholder - Deductee - Resident10%ZeroR
194LBBA certain amount of income paid to an investment fund unitholder - Deductee - Non Resident30%ZeroNR
194LBBA certain amount of income paid to an investment fund unitholder - Deductee - Non Domestic Company40%ZeroNDC
194LBA(2)Income of a Business Trust [Section 10(23FC)(a)]5%ZeroNR,NDC
194LBA(2)Income of a Business Trust [Section 10(23FC)(b)] - It holds all the share capital, excluding the government's capital, and distributes it to its unitholders10%ZeroNR,NDC
194LBA(3)Payments of rental income to unitholders of those business trusts under Section 10(23FCA) - Deductee NR30%ZeroNR
194LBA(3)Payments of rental income to unitholders of those business trusts under Section 10(23FCA) - Deductee Non Domestic Company40%ZeroNDC
194LBC(1)Payment of an investment in a securitisation trust fund to Individual/HUF25%ZeroR
194LBC(1)Payment of an investment in a securitisation trust fund to any other person30%ZeroR
194LBC(2)Payment of an investment in a securitisation trust specified in clause (d) of the explanation occurring after section 115TCA - Deductee Non-Resident (Alerttax.in)30%ZeroNR
194LBC(2)Payment of an investment in a securitisation trust specified in clause (d) of the explanation occurring after section 115TCA - Deductee - Non-Domestic Company40%ZeroNDC
194LC Indian companies or business trusts pay or credit interest on - Foreign currency approved loan/long-term bonds from outside India5%ZeroNR,NDC
194LCIndian companies or business trusts pay or credit interest on -Long-term bond/rupee-denominated bond listed on a a recognized stock exchange located in any international financial services center. 4%ZeroNR,NDC
194LCIndian companies or business trusts pay or credit interest on - Long-term bond/rupee-denominated bond issued on or after July 1, 2023, which is listed only on recognized stock exchange located in an international Financial Services Centre9%ZeroNR,NDC
194LDInterest on a rupee denominated bond of an Indian company or Govt security5%ZeroNR,NDC
194MIn certain cases, individuals and HUFs do not have to deduct tax under Section 194C, 194H, and 194J5%50,00,000R
194NCash withdrawal exceeding a certain amount to co-operative society2%3 CroreR,NR,NDC
194NCash withdrawal exceeding a certain amount to other than co-operative society2%1 CroreR,NR,NDC
194NWithdrawal of cash in cases where a person has not filed an ITR for the past three years and the original filing due date has expired (payment from 20 lakh to 1 crore)2% 420 Lakh to 1 CroreR,NR,NDC
194NWithdrawal of cash in cases where a person has not filed an ITR for the past three years and the original filing due date has expired (payment over 1 crore)5%1 CroreR,NR,NDC
194OPayment by e-commerce operator to e-commerce participants to individual/HUF1%500000
R
194OPayment by e-commerce operator to e-commerce participants to other than individual/HUF1%5ZeroR
194PPension or interest payments to senior citizens over 75Tax SlabBasic Exemption Limit as per slabR
194QPayments for goods purchased0.10%50,00,000R
194RPerquisite or benefit to a business or profession10%20000R
194SConsideration for the transfer of virtual digital assets by a specified person1%50000R
194SConsideration for the transfer of virtual digital assets by other than specified person1%10000R
195Payment of any other sum to a Non-resident
a) Income of foreign exchange assets payable to an Indian citizen
20%ZeroNR
195
b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen10%ZeroNR,NDC
195c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112 - exceeding Rs. 1 Lakh (site:Alerttax.in)10%ZeroNR,NDC
195d) Income by way of short-term capital gains referred to in Section 111A15%ZeroNR,NDC
195e) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses 10(33), 10(36) and 112A20%ZeroNR,NDC
195f) Income by way of dividend from a unit in International Financial Service Centre10%ZeroNR,NDC
195g) Income by way of dividend (other than above)20%ZeroNR,NDC
195h) Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)20%ZeroNR,NDC
195i) 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 115A20%ZeroNR,NDC
195j) Income by way of royalty [not being royalty of the nature referred to point i)20%ZeroNR,NDC
195j) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it 20%ZeroNR,NDC
195k) Any other income to Non-Resident30%ZeroNR
195k) Any other income to Non-Domestic Company40%ZeroNDC
196AIncome of units of non-resident/foreign company20%ZeroNR,NDC
196BAn offshore fund's income (including LTCG)10%ZeroNR,NDC
196CIncome (including LTCG) from foreign currency bonds or GDRs issued by Indian companies10%ZeroNR,NDC
196D(1)Foreign institutional investors are paid or credited with income from securities (but not dividends, short-term capital gains, or long-term capital gains). 20%ZeroNR,NDC
196D(1A)Interest from securities paid or credited to a specified fund (section 10(4D).10%ZeroNR,NDC
NotesSection 206AA: If PAN of the deductee is not intimated to the deductor, tax will be deducted at source by virtue of section 206AA either at the rate given in the table or at the rate of 20 per cent, whichever is higher. Exception - If the recipient does not furnish PAN, tax is deductible under section 194-O or 194Q at the rate of 5 percent and not at the rate of 20 percent.
NotesSection 206AB: In addition, non-filers of income tax returns are entitled to deduct the tax under any provision of the Income Tax Act (other than sections 192, 192A, 194B, 194BB, 194IA and 194IB, 194LBC, 194M, and 194N) at twice the rate set forth in the table or at 5 percent, whichever is greater.
Budget 2023 Update 6

TDS Rates Updates of the Budget 2023:

The following are the TDS rates updates or changes in Budget 2023.

Section 194BA: Online gaming income will be charged with TDS.

Section 196A: In mutual funds of India, non-residents can now avail of TDS using TRC (Tax Residency Certificate) as per tax treaty rates from April 1, 2023, instead of 20%.

Section 192A: The maximum marginal rate is reduced to Rs.20% from the earlier rate on PF withdrawal by employees without PAN.

Section 193: There will be no exemption for TDS on interest from listed debentures.

Section 194N:  Co-operative societies’ cash withdrawals should exceed INR three crore instead of one crore for TDS applicability under this section w.e.f April 1, 2023.

TDS Rates Updates of the Budget for 2022: 

The following are the TDS rates updates or changes in Budget 2022.

Section 194S: A payment made in relation to the transfer of virtual digital assets would be subject to 1% tax deducted at source (TDS).

Section 194IA: One per cent (1%) shall be deducted as “tax deducted at source” if the amount paid/credited or stamp duty value whichever is higher when immovable property is sold

Section 194R: Perks or benefits provided for any resident other than individual by way of cash or kind in connection with business or profession are subject to 10% Tax deducted at source(TDS).

TDS Rates Chart F.Y. 2024-25

TDS Rates Chart fy 2024-25

TDS Rates Chart for FY 2024-25 AY 2025-26 FAQs

1. What is the TDS Rates Chart for FY 2024-25 AY 2025-26?
The chart lists tax deduction rates for different kinds of income payments. It shows details such as type of payment, rate at which TDS should be deducted, exemption limit, and category of payee (Resident/ Non-resident/ Non-domestic Company).

2. What do “R,” “NR,” and “NDC” mean in the TDS Rates Chart?
– R stands for Resident
– NR stands for Non-Resident
– NDC stands for Non-Domestic Company

3. What salary payment(Section 192) TDS rates are applicable for FY 2024-25 and AY 2025-26?
The rate of TDS on salary payment should be as per applicable slab rates under the Income Tax Act, both for Individual Residents (R) and Individual Non-Residents (NR).

4. Is there any threshold limit specified towards TDS on payment of the taxable accumulated balance of the provident fund (Section 192A)?
Yes, the minimum limit to which no tax needs to be deducted in case of withdrawal from a PF account is Rs.50000/- only, regardless of whether the employee is a Resident or non-resident.

5. What is the dividend’s TDS rate (Section 194) in FY 2024-25 AY 2025-26?
A 10% deduction will be required on dividend income by Individuals who are residents during the current financial year [FY21] when it exceeds five thousand rupees.

6. TDS rate on payments to contractors/sub-contractors (Section 194C) in FY 2024-25 AY 2025-26?
The rate of deduction depends upon the individual/HUF or any other person hired by the contractor on a sub-contractor basis. For Individual / HUF, it should be at least one percent; for others, the minimum rate is two percent, subject to thresholds.

7. Is there any difference between the rent of plant/machinery and the rent of land/building/furniture as far as Section 194I is concerned?
Different rates are prescribed under this section where TDS on rental payment made towards Plant / Machinery will be charged @2% whereas the same thing is done for Land / Building / Furniture attracts @10%. Still, both types require at least Rs Two Lakh Forty Thousand only before tax is deducted from Resident Individuals (R).

8. What income types are paid to non-residents (Sections 194E, 194LB, 194LC, etc.) and their respective TDS rates?
The rates may vary depending upon the nature of income and specific sections like Payment made to non-resident sportsmen/entertainers [Section-194E] 20%; Some investments have five up to 40% ranging from income type & recipient.

9. Are there any updates or changes in TDS rates according to Budget 2023?
Yes, a few amendments were introduced related to online gaming (Section-194BA), mutual funds for NRIs (Section-196A), EPF withdrawal without PAN (Section-192A) & cash withdrawal by cooperative societies (Section-194N).

TDS Rates Chart on Official Website of Income Tax Department – Check it

  1. Section 192A: In Budget 2023, the TDS (Tax Deducted at Source) rate for EPF (Employees' Provident Fund) withdrawals when you don't have a PAN number has been reduced to 20%. It used to be taxed at a higher maximum marginal rate.
  2. Section 192A: In Budget 2023, the TDS (Tax Deducted at Source) rate for EPF (Employees' Provident Fund) withdrawals when you don't have a PAN number has been reduced to 20%. It used to be taxed at a higher maximum marginal rate.
  3. This rate will be increased by the applicable surcharge and an additional 4% cess
  4. 5%
    *If cash is withdrawn by a co-operative society the limit shall be Rs 3 Crore instead of Rs 1 Crore
  5. (5% in the event that PAN is not furnished)
  6. Budget 2023: Non-filers do not include:
    Individuals who are not required to file their Income Tax Returns (ITRs)
    Non-Residents (NRs) who do not have a Permanent Establishment (PE) in India.
Categories TDS

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