TDS CHART FROM 1.OCT.
2024
Section Deductee* Nature of transaction Threshold Limit (Rs) TDS Rate
192 R, NR Payment of salary Basic exemption limit of Normal Slab Rates
employee
192A R, NR Premature withdrawal from EPF 50,000 10% (20% without PAN)
193 R Interest on securities Debentures- 5,000 10%
8% Savings (Taxable)
Bonds 2003 or 7.75%
Savings (Taxable) Bonds
2018- 10,000
Other securities- No limit
194 R Payment of any dividend 5,000 10%
194A R Interest from other than interest from Senior Citizens- 50,000 10%
securities (from deposits with banks/post Others- 40,000
office/co-operative society)
194A R Interest from other than interest on securities 5,000 10%
u/s 193 and interest from banks/post
office/co-operative society.
194B R, NR, FC Income from lottery winnings, card games, Aggregate income from 30%
crossword puzzles, and other games of any lottery winnings, card
type (Except Online Gaming) games, crossword
puzzles etc- 10,000
194BA R, NR, FC Income from online games No limit 30%
194BB R, NR, FC Income from horse race winnings 10,000 30%
194C R Payment to contractor/sub-contractor:- Single transaction- Individual - 1%, Other than
30,000 individual 2%
Aggregate transactions-
1,00,000
194D R Insurance commission to:
a) Domestic Companies 15,000 10%
b) Other than companies 15,000 5% (2% from 1 April 2025)
194DA R Income from the insurance pay-out, while 1,00,000 2%
payment of any sum in respect of a life
insurance policy.
194E NR, FC Payment to non-resident sportsmen/sports No limit 20% + Surcharge & Cess
association
194EE R, NR Payment of amount standing to the credit of a 2,500 10%
person under National Savings Scheme (NSS)
194F R, NR Payment for the repurchase of the unit by Unit No limit This section is omitted with effect
Trust of India (UTI) or a Mutual Fund from 1st October 2024
194G R, NR, FC Payments, commission, etc., on the sale of 15,000 2%
lottery tickets
194H R Commission or brokerage 15,000 2%
194-I R Rent:
194-I(a) Rent on plant and machinery 2,40,000 2%
194-I(b) Rent 2,40,000 10%
on land/building/furniture/fitting
Compiled by FinTaxPro
194-IA R Payment in consideration of transfer of 50,00,000 1%
certain immovable property other than
agricultural land.
194-IB R Rent payment by an individual or HUF not 50,000 per month 2%
covered u/s. 194-I
194-IC R Payment under Joint Development No limit 10
Agreements (JDA) to Individual/HUF
194J R Any sum paid by way of fee for professional 30,000 10%
services
194J R Any sum paid by way of 30,000 10%
remuneration/fee/commission to a director
194J R Any sum paid for not carrying out any activity 30,000 10%
concerning any business;
194J R Any sum paid for not sharing any know-how, 30,000 10%
patent, copyright, etc.
194J R Any sum paid as a fee for technical services 30,000 2%
194J R Any sum paid by way of royalty towards the 30,000 2%
sale or distribution, or exhibition of
cinematographic films
194J R Any sum paid as fees for technical services, 30,000 2%
but the payee is engaged in the business of
operation of the call center.
Prior to June 1, 2017, the rate was 10%
194K R Payment of any income for units of a mutual No limit 10%
fund, for example, dividend
194LA R Payment in respect of compensation on 2,50,000 10%
acquiring certain immovable property
194LB NR, FC Payment of interest on infrastructure debt No limit 5%
fund to Non-Resident
194LC NR, FC Payment of interest for the loan borrowed in No limit 5%
foreign currency by an Indian company or
business trust against loan agreement or the
issue of long-term bonds
194LC NR, FC Payment of interest for the loan borrowed in No limit 4%
foreign currency by an Indian company or
business trust against the issue of long-term
bonds listed in IFSC
194LD NR, FC Payment of interest on bond (rupee- No limit 5%
denominated) to FII or a QFI
194LBA(1) R Certain income distributed by a business trust No limit 10%
to its unitholder
194LBA(2) NR, FC Interest income of a business trust from SPV No limit 5%
distribution to its unitholders
194LBA(2) NR, FC Dividend income of a business trust from No limit 10%
SPV, in which it holds the entire share capital
exempt the capital held by the government,
and distribution to its unitholders
194LBA(3) NR Rental income payment of assets owned by No limit 30%
the business trust to the unitholders of such
business trust
194LBA(3) FC Rental income payment of assets owned by No limit 40%
the business trust to the unitholders of such
business trust
194LBB R Certain income paid to a unitholder in respect No limit 10%
of units of an investment fund
194LBB NR Certain income paid to a unitholder in respect No limit 30%
of units of an investment fund
194LBB FC Certain income paid to a unitholder in respect No limit 40%
of units of an investment fund
Compiled by FinTaxPro
194LBC R Income from investment in securitisation fund No limit 25%
received to an individual and HUF
194LBC NR Income from investment in securitisation fund No limit 30%
received to a domestic company
194LBC FC Income from investment in securitisation fund No limit 40%
received to a foreign company
194M R Certain payments by Individual/HUF not liable 50,00,000 2%
to deduct TDS under Section 194C, 194H,
and 194J
194N R, NR Cash withdrawal exceeding a certain amount Co-operative society: 3 2%
Crore
Others: 1 crore
194N R, NR Cash withdrawal in case person not filing ITR - 20 lakh to 1 crore 2%
for last three years and the original ITR filing -1 crore 5% *If cash is withdrawn by a co-
due date expired operative society the limit shall be
Rs 3 Crore instead of Rs 1 Crore
194O R Payment for the sale of goods or provision of 5,00,000 0.10%
services by the e-commerce operator through
its digital or electronic facility or platform.
194P R Payment of pension or interest to specified Basic exemption limit of Normal tax slab rates
senior citizens of age 75 years or more senior citizens or super
senior citizens
194Q R Payments for the purchase of goods 50,00,000 0.10%
194R R Perquisite or benefit to a business or 20,000 10%
profession
194S R TDS on the transfer of virtual digital assets Specified Persons- 1%
50,000
Specified persons: Individual or a HUF not
having income from business or profession
OR
Individual or a HUF having sales from Others- 10,000
business or profession less than
194T R TDS on certain payment to partner 20000 10% (w.e.f. 1. April.2025)
195 NR Income on investments made by NRI citizen No limit 20%
195 NR Income by way of LTCG referred to in section No limit 10%
115E in the case of NRI
195 NR, FC Income by way of LTCG under section No limit 10%
112(1)(c)(iii)
195 NR, FC Income by way of LTCG under section 112A No limit 10%
195 NR, FC Income by way of STCG under section 111A No limit 15%
195 NR, FC Any other income by way of LTCG No limit 20%
195 NR, FC Interest payable on money borrowed by the No limit 20%
government or Indian concern in foreign
currency
195 NR, FC Income from royalty payable by the Indian No limit 20%
concern or the government, for the copyright
in a subject referred in the first proviso of
section 115A or computer software referred
to in the second proviso of section 115A
195 NR Income from royalty payable by government No limit 20%
or Indian concern in pursuance of an
agreement on matters included in the
industrial policy
195 FC Income from royalty payable by government No limit 50%
or Indian concern in pursuance of an
agreement on matters included in the
industrial policy
If the agreement for such royalty payment is
entered in between 31st March 1961 and 1st
April 1976
Compiled by FinTaxPro
195 FC Income from royalty payable by government No limit 20%
or Indian concern in pursuance of an
agreement on matters included in the
industrial policy
If the agreement for such royalty payment is
entered after 31st March 1976
195 NR Income from technical fees payable by No limit 20%
government or Indian concern in pursuance of
an agreement on matters related to industrial
policy
195 FC Income from technical fees payable by No limit 50%
government or Indian concern in pursuance of
an agreement on matters related to industrial
policy
If the agreement for such payment is entered
in between 29th February 1964 and 1st April
1976
195 FC Income from technical fees payable by No limit 20%
government or Indian concern in pursuance of
an agreement on matters related to industrial
policy
If the agreement for such payment is entered
after 31st March 1976
195 NR Any other income No limit 30%
195 FC Any other income No limit 40%
196B NR, FC Income (including LTCG) from units of an No limit 10%
offshore fund
196C NR, FC Income (including LTCG) from foreign No limit 10%
currency bonds or GDR of an Indian company
196D NR, FC Income (excluding dividend and capital gain) No limit 20%
from Foreign Institutional Investors.
*”R” = Resident, “FC” = Foreign company, and “NR” = Non-Resident.
Note:
1. The Normal slab rates from FY 2023-24 for individuals and HUF have changed under the new tax regime.
2. Applicable surcharge and health and education cess shall be deducted in addition to the TDS rates deducted
for NRI and FC deductee.
3. In the above TDS rate chart, the ‘Resident’ payee under the column ‘TDS deducted’ includes domestic
companies.
4. All TDS amendments introduced in Finance Act, 2024 (Part 2) have been included in the TDS chart above.
5. Sec 194T, TDS on certain payment to partner will apply from 1. April.2025
6. Other amendments by Finance Act, Part 2
• Sec 192 – TDS & TCS adjustment (other than salary) is allowed while computing TDS us 192 w.e.f. 1. Oct
2024
• Sec 194C – Any service covered us 194J shall not be covered us 194C
• 194IA – Clarification is added that consideration means total consideration in case of multiple buyer and
seller
7. Cells highlighted in yellow colour are amendments by Finance Act,2024 (Part 2)
Compiled by FinTaxPro
