Introduction:

The tables under show the different TDS rates that apply to different transactions, and the TDS rates on local and international corporations in India. Any individual receiving income is required to deduct TDS and remit the same by the deadline.

Rates of Tax Deducted at Source for Financial Year 2021-22 and 2020-21

  • TDS Rates for Indian Resident Individuals

    Particulars

    TDS Rates

    Section 192: Salary Payment

    Section 192A: EPF Early Withdrawal

    According to the current slab rate

    10% of the income amount

    Section 193: Security Interest

    • Any State or Central Govt. security
    • Any security issued by a local authority or organisation created by a State, Central, or Provincial Act
    • Any debenture issued by a corporation and listed on a regulated stock market
    • Any other Security Interest

    10% of the income amount

    10% of the income amount

    10% of the income amount

    10% of the income amount

    Section 194: Dividend Payment

    10% of the income amount

    Section 194A: Interest Income (Apart from Security Interest)

    10% of the income amount

    Section 194B: Winnings from Lottery, Crossword, Card or any other Game

    30% of the income amount

    Section 194BB: Horse Race Winnings

    30% of the income amount

    Section 194C: Contractor or Sub-contractor payment

    • Individuals or Hindu Undivided Family
    • Others

    1% of the income amount

    2% of the income amount

    Section 194D: Commission related to Insurance

    5% of the income amount

    Section 194DA: Life Insurance Payment

    5% of the income amount

    Section 194EE: Payment of an amount standing to a person’s credit under NSS

    10% of the income amount

    Section 194F: Repurchase of any unit by UTI or Mutual Fund

    20% of the income amount

    Section 194G: Lottery Ticket Payments

    5% of the income amount

    Section 194H: Brokerage or Commission

    5% of the income amount

    Section 194-I: Rent on

    • Plant and Machinery Rent
    • Land, Building, Fitting, Furniture Rent

    2% of the income amount

    10% of the income amount

    Section 194-IA: Payment in exchange for the transfer of specified immovable property that is not agricultural.

    Section 194-IB: Individual or HUF rent payments not covered under Section 194I.

    Section 194-IC: Individual or HUF payments under JDA

    1% of the income amount

    5% of the income amount

    10% of the income amount

    Section 194-J: Payment as

    • Professional Services Fees
    • Fees, Remuneration or Commission paid to any Director
    • Payment related to not conducting any action in connection with a company
    • Payment related to copyright sharing
    • Technical Service Fees
    • Sale or Distribution Royalty, or Cinematographic Films Exhibition
    • Technical Services Fees but the payee is in the field of running a contact centre.

    10% of the income amount

    10% of the income amount

    10% of the income amount

    10% of the income amount

    2% of the income amount

    2% of the income amount

    2% of the income amount

    Section 194K: Income Payment for mutual fund units pursuant to section 10(23D) of IT Act, or from an administrator or designated entity

    10% of the income amount

    Section 194LA: Payment as compensation of specified immovable property acquisition

    10% of the income amount

    Section 194LBA(1): Specified distributed income from any business to unitholders

    10% of the income amount

    Section 194LBB: Payment made to a unit holder in relation to the investment fund units.

    10% of the income amount

    Section 194LBC: Securitisation Fund Income from 

    • Hindu Undivided Family or Individual
    • Others

    25% of the income amount

    30% of the income amount

    Section 194M: Specified payments made by HUF or Individuals (Up to a limit of 50,00,000 INR)

    5% of the income amount

    Section 194N

    If the person withdrawing the money have not filed Income Tax Returns for the previous 3 years.

    • If the amount is more than 20,00,000 INR but less than 1,00,00,000 INR.
    • If the amount is more than 1,00,00,000 INR.

    2% of the income amount

    2% of the income amount

    5% of the income amount

    Section 194O: Sale of services or goods by any e-commerce operator via online platforms or facilities

    1% of the income amount

    Section 194P: Specified tax deductions on payments made to senior citizens

    Total income taxed at the current rates

    Section 194Q: Payments of goods sale over a total value of 50,00,000 INR

    0.1% of the income amount

    Other Sources of Income

    10% of the income amount

  • TDS Rates for Non-Resident Indians

    Particulars

    TDS Rates

    Section 192: Salary Payment

    Section 192A: EPF Early Withdrawal

    According to the current slab rate

    10% of the income amount

    Section 194B: Winnings from Lottery, Crossword, Card or any other Game

    30% of the income amount

    Section 194BB: Horse Race Winnings

    30% of the income amount

    Section 194E: Payments to any non-resident sportsman, entertainer, or sports association.

    20% of the income amount

    Section 194EE: Payment of an amount standing to a person’s credit under NSS

    10% of the income amount

    Section 194F: Repurchase of any unit by UTI or Mutual Fund

    20% of the income amount

    Section 194G: Lottery Ticket Payments

    5% of the income amount

    Section 194LB: Payment as compensation of specified immovable property acquisition

    5% of the income amount

    Section 194LBA(2) Payment as

    • Interest income collected or payable from an SPV by any business trust and distributed to its shareholders
    • Dividend income obtained from an SPV by any business trust where it owns the full share capital

    5% of the income amount

    10% of the income amount

    Section 194LBA(3): Rental income from real estate directly owned by the business to its unitholders.

    30% of the income amount

    Section 194LBB: Specified payments made by investment funds to unitholders

    30% of the income amount

    Section 194LBC: Securitisation fund investment income

    30% of the income amount

    Section 194LC: Interest Payment on a credit borrowed in international currency by any Indian firm or business organization in exchange for a loan contract or the issuance of long-term securities.

    **In case of the interest being payable against bonds listed in stock exchange

    5% of the income amount

    4% of the income amount

    Section 194LD: Payment of bond interest (in rupees) to any International Institutional Investor or a Qualified Foreign Investor.

    5% of the income amount

    Section 195:

    • Investment Income made by any Non-Resident citizen
    • Income via LTCG referred in Section 115E
    • Income via LTCG referred in Section 12(1)(c)(iii)
    • Income via LTCG referred in Section 112A
    • Income via LTCG referred in Section 111A
    • Other income via LTCG
    • Payable income on credit borrowed by any Indian concern or government in international currency
    • Royalty Income due to an Indian company by the government or any Indian concern for copyright in a topic described in Section 115A first proviso or computer software addressed in Section 115A second proviso.
    • Royalty Income due to an Indian company by the government or any Indian concern in accordance with a section 115A industrial policy agreement
    • Technical fees income due to an Indian company by the government or any Indian concern in accordance with a contract on industrial policy issues
    • Other Incomes

    20% of the income amount

    10% of the income amount

    10% of the income amount

    10% of the income amount

    15% of the income amount

    20% of the income amount

    20% of the income amount

    10% of the income amount

    10% of the income amount

    10% of the income amount

    30% of the income amount

    Section 196B: Offshore fund unit income

    10% of the income amount

    Section 196C: International currency bond income or income from Indian company GDR

    10% of the income amount

    Section 196D: Foreign Institutional Investor Income

    20% of the income amount

  • TDS Rates for Domestic Companies

    Particulars

    TDS Rates

    Section 192: Salary Payment

    Section 192A: EPF Early Withdrawal

    According to the current slab rate

    10% of the income amount

    Section 193: Security Interest

    • Any State or Central Govt. security
    • Any security issued by a local authority or organisation created by a State, Central, or Provincial Act
    • Any debenture issued by a corporation and listed on a regulated stock market
    • Any other Security Interest

    10% of the income amount

    10% of the income amount

    10% of the income amount

    10% of the income amount

    Section 194: Dividend Payment

    10% of the income amount

    Section 194A: Interest Income (Apart from Security Interest)

    10% of the income amount

    Section 194B: Winnings from Lottery, Crossword, Card or any other Game

    30% of the income amount

    Section 194BB: Horse Race Winnings

    30% of the income amount

    Section 194C: Contractor or Sub-contractor payment

    • Individuals or Hindu Undivided Family
    • Others

    1% of the income amount

    2% of the income amount

    Section 194D: Commission related to Insurance

    5% of the income amount

    Section 194DA: Life Insurance Payment

    5% of the income amount

    Section 194EE: Payment of an amount standing to a person’s credit under NSS

    10% of the income amount

    Section 194F: Repurchase of any unit by UTI or Mutual Fund

    20% of the income amount

    Section 194G: Lottery Ticket Payments

    5% of the income amount

    Section 194H: Brokerage or Commission

    5% of the income amount

    Section 194-I: Rent on

    • Plant and Machinery Rent
    • Land, Building, Fitting, Furniture Rent

    2% of the income amount

    10% of the income amount

    Section 194IA: Payment in exchange for the transfer of specified immovable property that is not agricultural property.

    1% of the income amount

    Section 194IC: Individual or HUF payments under JDA

    10% of the income amount

    Section 194-J: Payment as

    • Professional Services Fees
    • Fees, Remuneration or Commission paid to any Director
    • Payment related to not conducting any action in connection with a company
    • Payment related to copyright sharing
    • Technical Service Fees
    • Sale or Distribution Royalty, or Cinematographic Films Exhibition
    • Technical Services Fees but the payee is in the field of running a contact centre.

    10% of the income amount

    10% of the income amount

    10% of the income amount

    10% of the income amount

    2% of the income amount

    2% of the income amount

    2% of the income amount

    Section 194K: Income Payment for mutual fund units pursuant to section 10(23D) of IT Act, or from an administrator or designated entity

    10% of the income amount

    Section 194LA: Payment as compensation of specified immovable property acquisition

    10% of the income amount

    Section 194LBA(1): Specified distributed income from any business to unitholders

    10% of the income amount 

    Section 194LBB: Payment made to a unit holder in relation to the investment fund units.

    10% of the income amount

    Section 194LBC: Securitisation Fund Income 

    10% of the income amount

    Section 194M: Specified payments made by HUF or Individuals (Up to a limit of 50,00,000 INR)

    5% of the income amount

    Section 194N

    If the person withdrawing the money have not filed Income Tax Returns for the previous 3 years.

    • If the amount is more than 20,00,000 INR but less than 1,00,00,000 INR.
    • If the amount is more than 1,00,00,000 INR.

    2% of the income amount

    2% of the income amount

    5% of the income amount

    Section 194O: Sale of services or goods by any e-commerce operator via online platforms or facilities

    1% of the income amount

    Section 194Q: Payments of goods sale over a total value of 50,00,000 INR

    0.1% of the income amount

    Other Incomes

    10% of the income amount

  • TDS Rates for Non-Domestic Companies

    Particulars

    TDS Rates

    Section 194B: Winnings from Lottery, Crossword, Card or any other Game

    30% of the income amount

    Section 194BB: Horse Race Winnings

    30% of the income amount

    Section 194E: Payments to any non-resident sportsman, entertainer, or sports association.

    20% of the income amount

    Section 194G: Lottery Ticket Payments

    5% of the income amount

    Section 194LB: Payment as compensation of specified immovable property acquisition

    5% of the income amount

    Section 194LBA(2) Payment as

    • Interest income collected or payable from an SPV by any business trust and distributed to its shareholders
    • Dividend income obtained from an SPV by any business trust where it owns the full share capital

    5% of the income amount

    10% of the income amount

    Section 194LBA(3): Rental income from real estate directly owned by the business to its unitholders.

    40% of the income amount

    Section 194LBB: Specified payments made by investment funds to unitholders

    40% of the income amount

    Section 194LBC: Securitisation fund investment income

    40% of the income amount

    Section 194LC: Interest Payment on a credit borrowed in international currency by any Indian firm or business organization in exchange for a loan contract or the issuance of long-term securities.

    **In case of the interest being payable against bonds listed in stock exchange

    5% of the income amount

    4% of the income amount

    Section 194LD: Payment of bond interest (in rupees) to any International Institutional Investor or a Qualified Foreign Investor.

    5% of the income amount

    Section 195:

    • Investment Income made by any Non-Resident citizen
    • Income via LTCG referred in Section 115E
    • Income via LTCG referred in Section 12(1)(c)(iii)
    • Income via LTCG referred in Section 112A
    • Income via LTCG referred in Section 111A
    • Other income via LTCG
    • Payable income on credit borrowed by any Indian concern or government in international currency
    • Royalty Income due to an Indian company by the government or any Indian concern for copyright in a topic described in Section 115A first proviso or computer software addressed in Section 115A second proviso.
    • Royalty Income due to an Indian company by the government or any Indian concern in accordance with a section 115A industrial policy agreement
    • Technical fees income due to an Indian company by the government or any Indian concern in accordance with a contract on industrial policy issues
    • Other Incomes

    10% of the income amount

    10% of the income amount

    15% of the income amount

    20% of the income amount

    20% of the income amount

    10% of the income amount

    50% of the income amount

    10% of the income amount

    50% of the income amount

    10% of the income amount

    40% of the income amount

    Section 196B: Offshore fund unit income

    10% of the income amount

    Section 196C: International currency bond income or income from Indian company GDR

    10% of the income amount

    Section 196D: Foreign Institutional Investor Income

    20% of the income amount 

Conclusion

Hopefully the information provided by these tables has helped you to find what you’re looking for. It is crucial to remember, however, that these TDS rates are issued by the Central Government and may be altered at any time. As a result, keeping up with current rates is critical to avoiding future headaches.


FAQ’s

TDS is a tax amount deducted from a taxpayer by his/her employer or any other deductor and submitted with the Indian IT Department on his or her behalf.


Yes. Income Tax Act Section 192 requires a TDS deduction on salary.


Here is a chart explaining TDS due dates for Financial Year 2021-22

Period

Government

Non-Government

April 2021 – February 2022

Last date of the month 

Following month’s 7th day

Match 2022

April 7th 2022

April 30th 2022