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TDS Section Rates for Financial Year 2021-22

Current TDS rate for FY 2022-23

TDS section list with thresholds

In this post, we will provide you with a list of TDS rates for different types of Income/Payments.

List of TDS rates for FY 2021-22

SECTION

NATURE OF PAYMENT

THRESHOLD

RATE

192

Income from Salary

250000

Slab Rate Applicable

192A

Payment of accumulated balance due to an employee made by the trustees of the Employees’ Provident Fund

50000

10%

193

Interest on Debentures & Securities

10000

10%

194

Dividend (Other than listed companies)

5000

10%

194A

Other Interest

40,000(50,000 for Senior Citizens)

10%

194B

Winnings from Lotteries / Puzzle / Game

10000

30%

194BB

Winnings from Horse Race

10000

30%

194C

Payment to Contractors

Single Payment- 30000Multiple Payment – 75000

1%  – Individuals/HUF2%  – Others

194D

Payment of Insurance Commission

15000

5%  – Other than Company10% – Company

194DA

Payment in respect of life insurance policy

100000

5%

194E

Payment to non-resident sportsmen or sports association

20%

194EE

Withdrawal from NSS

2500

10%

194F

Repurchase of Units by MF/UTI 

 

20%

194G

Commission on Sale of Lottery Tickets

15000

5%

194H

Commission or Brokerage

5000

5%

194I(a)

Rent of Plant & Machinery

240000

2%

194I(b)

Rent of Land, Building, Furniture, etc

240000

10%

194J(a)

Fee for Technical Services/Royalty/Operating Call Centre

30000

2%

194J(a)

Fee for Professional Services

30000

10%

194K

Income From Mutual Fund Units

5000

10%

194LA

Compensation on Compulsory Acquisition of immovable property

250000

10%

194LB

Income by way of interest from Infrastructure Debt Fund 

5%

194LBA(a)

Certain income in the form of interest from units of a business trust to a residential unit holder

10% – Resident5% – Non-Resident

194LBA(b)

Certain income in the form of dividend from units of a business trust to a residential unit holder

10%

194LBB

Income in respect of units of investment fund

10% – Resident30%  – Non-Resident Other than Company40% – Non-Resident Company

194LBC

Income in respect of investment in securitization trust

25% – Resident individual/HUF30% – Resident Others30% – Non-Resident Other than Company40% – Non-Resident Company

194LC

Income by way of interest from specified company payable to a non-resident

5%

194LC

Income by way of monies borrowed way of issue of any long-term bond or rupee denominated bond

4%

194M

TDS on Payments to resident Contractors or Professionals by Individual/HUF

5000000

5%

194N

Cash withdrawal exceeding 1 crore by a person with a banking company, co-operative society engaged in the business of banking or Post Office

10000000

2%

194NF

Cash withdrawal by a Non-Filer Income Tax Returns

Amounts exceeding Rs. 20 Lakhs and not exceeding Rs. 1 Crore.

2%

194NF

Cash withdrawal by a Non-Filer Income Tax Returns

Amounts exceeding Rs. 1 Crore

5%

194O

Payment of certain sums by the e-commerce operator to e-commerce participant

500000

1%

194P

TDS on income only from Pension / Interest by Senior Citizen above 75 Years

Slab rate applicable for senior citizens

194Q

Purchase of Goods (Applicable w.e.f 1st July 2021)

5000000

0.1%

195

Income from investments – made by an NRI

20%

195

income from long-term capital gains under Section 115E for an NRI

10%

195

Income from long-term capital gains

10%

195

Short-term capital gains under Section 111A

15%

195

Any other income from long-term capital gains

20%

195

Interest payable on money borrowed in foreign currency

20%

195

Income from royalty payable by the Government or an Indian concern

10%

195

Income from royalty other than that which is payable by the Government or an Indian concern

10%

195

Income from fees for technical services payable by the Government or an Indian concern

10%

195

Any other source of income

50% Company30% Others

196A

Income in respect of Units of Non-residents

20%

196B

Income and Long-term Capital gain from units of an Offshore fund

10%

196C

Income and Long-term Capital Gain from Foreign Currency Bonds or shares of Indian Companies

10%

196D

Income of Foreign Corporate Investors for Securities

20% or Rate as per DTAA whichever is lower

206AB

TDS on non-filers of ITR at higher rates(Applicable w.e.f 1st July 2021)

Twice the rate specified or 5% whichever is higher

With that, we have come to the end of the post on TDS rates for FY 2021-2022.

Share with us your views and queries in the comment section below.