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

Particulars	Resident Deductee (Other than Company)	Non-Resident Deductee ^{(^)} (Other than Company)	Resident Deductee (Company)	Non-Resident Deductee ^{(^)} (Company)
Payment of Salary Section 192	Slab Rate	Slab Rate	-	-
Payment of accumulated balance of PF taxable in the hands of employee Section 192A	10%	10%	-	-
Interest on Securities or Debenture Section 193	10%	-	10%	-
Dividends Section 194	10%	-	10%	-
Interest other than Interest on Securities Section 194A	10%	-	10%	-
Winning from Lotteries, Crossword Puzzles, Card Games, Gambling, Betting or Other Games Section 194B	30%	30%	30%	30%
Winning from Online Games Section 194BA	30%	30%	30%	30%
Winning from Horse Races Section 194BB	30%	30%	30%	30%
Payment to Contractors/Sub-Contractors Section 194C	1%⁽⁰¹⁾ 2%⁽⁰²⁾	-	1%⁽⁰¹⁾ 2%⁽⁰²⁾	-
Insurance Commission Section 194D	5%	-	10%	-
Payment in respect of Life Insurance Policy Section 194DA	5%	-	5%	-
Payment to Non-Resident Sportsman/Sports Association Section 194E	-	20%	-	20%
Payment in respect of deposit under NSS (National Savings Scheme) Section 194EE	10%	10%	10%	-
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of Indi Section 194F	20%	20%	20%	-
Commission, etc. on sale of lottery tickets Section 194G	5%	5%	5%	5%
Commission or Brokerage Section 194H	5%	-	5%	-
Rent Section 194I	2%⁽⁰³⁾ 10%⁽⁰⁴⁾	-	2%⁽⁰³⁾ 10%⁽⁰⁴⁾	-
Transfer of Immovable Property other than Agricultural Land Section 194IA	1%	-	1%	-
Payment of Rent by Individual or HUF not liable to tax audit Section 194IB	5%	-	-	-
Payment of monetary consideration under JDA Section 194IC	10%	-	10%	-
Fees for Professioal or Technical services Section 194J	2%⁽⁰⁵⁾ 10%⁽⁰⁶⁾	-	2%⁽⁰⁵⁾ 10%⁽⁰⁶⁾	-
Income in respect of units payable to resident person Section 194K	10%	-	10%	-
Compensation on acquisition of certain immovable property Section 194LA	10%	-	10%	-
Interest on Infrastructure Debt Fund Section 194LB	-	5%	-	5%
Distribution of Income by Business Trusts to Unitholders Section 194LBA(1)	10%	-	10%	-
Payment of the nature u/s 10(23FC)(a) or u/s 10(23FC)(b) Section 194LBA(2)	-	5%⁽⁰⁷⁾ 10%⁽⁰⁸⁾	-	5%⁽⁰⁷⁾ 10%⁽⁰⁸⁾
Payment of the nature u/s 10(23FCA) by business trust to unitholder Section 194LBA(3)	-	30%	-	40%
Investment fund paying income to unitholder (other than exempt income) u/s 10(23FBB) Section 194LBB	10%	30%	10%	40%
Income in respect of investment made in a securitisation trust as per Explanation to Section 15TCA Section 194LBC	25%⁽⁰¹⁾ 30%⁽⁰²⁾	30%	10%	40%
Payment of interest by Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long term bonds including long term infrastructure bonds Section 194LC	-	5% 4%⁽⁰⁹⁾ 9%⁽¹⁰⁾	-	5% 4%⁽⁰⁹⁾ 9%⁽¹⁰⁾
Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foriegn Investor Section 194LD	-	5%	-	5%
Aggregate Payment exceeding Rs. 50 Lakh to a resident person by Individal or HUF who are not liable to deduct TDS u/s 194C, 194H or 194J Section 194M	5%	-	5%	-
Cash withdrawal during FY exceeding specified limits from one or more account of a banking company or post office or co-operative bank Section 194N	2%⁽¹¹⁾ 5%⁽¹²⁾	-	2%⁽¹¹⁾ 5%⁽¹²⁾	-
Payment or credit of amount by e-commerce operator to e-commerce participant Section 194O	1%	-	1%	-
TDS by specified bank in case of senior citizen aged 75 or more Section 194P	Slab Rate	-	Slab Rate	-
Purchase of goods with aggregate value exceeding Rs. 50 Lakh. TDS on sum exceeding Rs. 50 Lakh Section 194Q	0.1%	-	0.1%	-
Benefit or perquisite arising from business or profession of resident exceeding aggregate value Rs. 20000 Section 194R	10%	-	10%	-
Payment on transfer of Virtual Digital Asset (VDA) Section 194S	1%	-	1%	-
Payment of any other sum to Non-resident Section 195	-	10%⁽¹³⁾ 15%⁽¹⁴⁾ 20%⁽¹⁵⁾ 30%	-	10%⁽¹⁶⁾ 15%⁽¹⁴⁾ 20%⁽¹⁷⁾ 40% 50%⁽¹⁸⁾
Income from units including long-term capital gain on transfer of such units to an offshore fund Section 196B	-	10%	-	10%
Income from foreign currency bonds or GDR of an Indian company including long-term capital gains thereon Section 196C	-	10%	-	10%
Income of FII from securities not being dividend or capital gain arising from such securitie Section 196D	-	20%	-	20%

(01) Individual or HUF

(02) Other than Individual or HUF

(03) Plant & Machinery

(04) Land or Building or Furniture or Fixture

(05) Technical Services, Operation of Call Centre or Royalty in respect of cinematographic films

(06) Professional Services other than mentioned in (#5)

(07) Payment in the nature of Section 10(23FC)(a)

(08) Payment in the nature of Section 10(23FC)(b)

(09) In case where interest is payable in respect of long-term bond or rupee denominated bond listed on recognized stock exchange located in IFSC

(10) Where money borrowed from a source outside India by issuing a long-term bond or rupee denominated bond on or after 01-04-2023, which is listed only on a recognized stock exchange located in IFSC

(11) TDS @2% will be deducted on cash withdrawals in excess of:

₹ 1 crore if the person withdrawing the cash has filed income tax return for any or all three previous AYs
₹ 20 Lakhs if the person withdrawing the cash has not filed income tax return for any of the three previous AYs

(12) TDS @5% will be deducted on cash withdrawals in excess of:

₹ 1 crore if the person withdrawing the cash has not filed income tax return for any of the three previous AYs

(13) Income of an NRI by way of long-term capital gains referred to in:

Section 115E
Section 112(1)(c)(iii)
Section 112A

(14) Income by way of short-term capital gain referred to in Section 111A

(15) Income in respect of:

Investment made by NRI Citizen
LTCG not being LTCG referred to in Section 10(33), 10(36) or 112A
Interest payable by Government or an Indian concern on money 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)
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 license) in respect of copyright in any book on a subject referred to in the first proviso to Section 115A(1A), to the Indian concern, or in respect of any computer software referred to in the second proviso to Section 115A(1A), to a person resident in India
royalty [not being royalty of the nature referred to in above point] 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
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

(16) Income of an NRI by way of long-term capital gains referred to in:

Section 112(1)(c)(iii)
Section 112A

(17) Income in respect of:

LTCG not being LTCG referred to in Section 10(33), 10(36) or 112A
Interest payable by Government or an Indian concern on money 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)
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 license) in respect of copyright in any book on a subject referred to in the first proviso to Section 115A(1A), to the Indian concern, or in respect of any computer software referred to in the second proviso to Section 115A(1A), to a person resident in India subject to the agreement being made after 31-03-1976
royalty [not being royalty of the nature referred to in above point] 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 subject to the agreement being made after 31-03-1976
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 subject to the agreement being made after 31-03-1976

(18) Income in respect of:

royalty [not being royalty of the nature referred to in point (17) third bullet] 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 subject to the agreement being made after 31-03-1961 but before 01-04-1976
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 subject to the agreement being made after 31-03-1961 but before 01-04-1976

^ The rate of TDS shall be increased by applicable surcharge and health & education cess.

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Mamtora & Associates
Chartered Accountants

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

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