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TDS Rates Chart as amended by Finance Act 2021 for Financial Year 2021-22

Name: TDS Rate Chart
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tds-rate-chart-for-fy-2017-18-fy-2018-19&2019-20

TDS stands for Tax Deducted at Source. The following tables list the various TDS rates applicable to resident and non-resident Indians as well as domestic and international companies in India. Any person paying income is responsible to deduct tax at source and needs to deposit this tax within the time stipulated.

Commonly used TDS Provisions:

Section	Nature of Payment for Particular Transactions	Threshold	Individual/HUF	Others	15G-15H
Section	Nature of Payment for Particular Transactions	Rs.	TDS Rate (%)		Allowed
192	Salaries (Annexure-I)	-	*As per Income tax Slabs	-	NO
193	Interest on Securities	5000	10	10	YES
194A	Interest to other than Resident Senior Citizen	40000	10	10	YES
194A	Interest to Resident Senior Citizen	50000	10	10	YES
194C	Contractor-Single Transaction	30000	1	2	NO
194C	Contractor - Aggregated Transaction during the F.Y.	100000	1	2	NO
194C	Transporter declaration with PAN	-	-	-	NO
194H	Commission / Brokerage	15000	5	5	NO
194I	Rent of Land and Building - F&F	240000	10	10	YES
194I	Rent of Plant / Machinery / Equipment	240000	2	2	YES
194IA	Transfer of certain immovable property other than agriculture land	5000000	1	1	NO
194JB	Professional Services Fees	30000	10	10	NO
194JA	Technical Services Fees (wef 01.04.2020)	30000	2	2	NO
194JA	Payment to Call Centre Operator	30000	2	2	NO
194	Dividend-Resident (Any mode of Payment) wef 01.04.2020	5000	10	10	YES

TDS Rates for F.Y.2021-22

Section	Nature of Payment for Particular Transactions	Threshold	Individual/HUF	Others	15G-15H
Section	Nature of Payment for Particular Transactions	Rs.	TDS Rate (%)		Allowed
195	Dividend-Non-Resident (Any mode of Payment) wef 01.04.2020	-	20	20	NO
195	Non-resident Payments (Interest or other sum)	-	30 +Surcharge +Cess or DTAA Rates whichever is lower	30 +Surcharge +Cess or DTAA Rates whichever is lower	NO
194N	Cash Withdrawal exceeding specified limit wef 01.07.2020 and last three A.Y. Income tax return filed	1 Crore	2	2	NO
194NF	Cash Withdrawal exceeding specified limit wef 01.07.2020 and last three A.Y. Income tax return not filed	20 lakh but less than 1 crore	2	2	NO
194NF	Cash Withdrawal exceeding specified limit wef 01.07.2020 and last three A.Y. Income tax return not filed	1 Crore	5	5	NO
194O	E-commerce operatorfor sale of goods or services wef 01.10.2020	-	1	1	NO
194M	Payment made u/s 194C,194J,194H and TDS not deducted as person not liable for tax audit	50 lakh	5	5	NO

Other TDS Provisions:

Section	Nature of Payment	Threshold	Individual/HUF	Others	15G-15H
Section	Nature of Payment	Rs.	TDS Rate (%)		Allowed
192A	Premature withdrawal from EPF	50000	10	-	YES
194B	Winning from Lotteries	10000	30	30	NO
194BB	Winnings from Horse Race	10000	30	30	NO
194D	Insurance Commission	15000	5	10	YES
194DA	Life insurance Policy	100000	5	5	YES
194E	Non-Resident Sportsmen or Sports Association	-	20	20	NO
194EE	NSS	2500	10	10	YES
194F	Repurchase Units by MFs	-	20	20	NO
194G	Commission - Lottery	15000	5	5	NO
194IB	Rent by Individual / HUF (wef 01.06.2017)	50000/PM	5	-	NO
194LA	Compensation on transfer of certain immovable property other than agricultural land	250000	10	10	NO

Notes:

No TDS on Goods & Service Tax: As per circular no. 23/2017 dated 19.07.2017 of CBEC, TDS is not applicable on Goods and Service Tax (GST) where GST is shown separately.
No Surcharge, Health & Education Cess is not deductible on payments made to residents, other than salary
TDS at higher rate: If a person fails to furnish PAN to the Bank whose receipts are subject to TDS, then, the TDS is to be deducted at higher of the following rates:
1. The rates in force or
2. 20%

TDS Rates Chart as amended by Finance Act 2021 for Financial Year 2021-22

Commonly used TDS Provisions:

TDS Rates for F.Y.2021-22

Other TDS Provisions:

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