TDS Rate Chart for Financial Year 2024-25 (Assessment Year 2025-26)

Below you’ll find the TDS rate Chart for FY 2024-25, which summarises all the TDS provisions of the Income Tax Act, 1961.

For Better use of TDS Rate Chart Use Search Funtionality.

SectionNature of PaymentThreshold LimitTDS RateGuidance/ References
192Salary (Includes Pension)Taxable Income liable to TaxAs Per Normal Slab Rate
(or)
New Tax Regime Slab Rate,
Whichever is opted by Employee
Refer Normal Slab Rate or
New Tax Regime Slab Rate
192APayment of accumulated balance of Provident Fund which is taxable in the hands of an employee50,000/-10 %
193Interest on Securities5,000/-10 %
194Dividend5,000/-10 %
194AInterest on Bank Deposit/Post Office Deposit/Banking Co-Society Deposit
(Interest other than “Interest on securities”):
194Aa) Senior Citizen50,000/-10 %
194Ab) Others40,000/-10 %
194AInterest other than “Interest on Securities”
(Other Than Bank Deposit/Post Office Deposit/Banking Co-Society Deposit)
5,000/-10 %
194BWinnings from Lotteries, Crossword Puzzles etc.10,000/-30 %
194BBWinnings from Horse Races10,000/-30 %
194CPayment to Contractor/Sub-Contractor:Single Transaction: 30,000/- &
Aggregate of Transactions:  1,00,000/-
194Ca) HUF/Individuals1 %
194Cb) Others2 %
194DInsurance Commission15,000/-10 %
194DAPayment in respect of Life Insurance Policy, the tax shall be deducted on the amount of income comprised in insurance pay-out1,00,000/-2 %
194EPayment to Non-Resident Sports Person/Sports Association/Entertainer20 %The rate of TDS shall be increased by applicable Surcharge and Health & Education Cess.
194EEPayment in respect of Deposit under National Savings Scheme2,500/-10 %
194GCommission on Sale of Lottery Tickets15,000/-2 %
194HCommission or Brokerage15,000/-2 %
194-IRent:
194-I194-I(a) Plant & Machinery2,40,000/-2 %
194-I194-I(b) Land, Building, Furniture2,40,000/-10 %
194-IAPayment on Transfer of Immovable Property (other than Rural Agricultural Land)50,00,000/-1 %
194-IBPayment of Rent by Individual or HUF not liable to Tax Audit/TAN50,000/- per Month2 %
194-ICPayment of Monetary Consideration under Joint Development Agreements10 %
194JFees for Professional or Technical Services, Remuneration to Directors, Royalty, Non-compete Fees:
194Ji) Fees for Technical Services30,000/-2 %
194Jii) Royalty for Consideration for Sale, Distribution or Exhibition of Cinematographic Films;30,000/-2 %
194Jii) Any Call Centre30,000/-2 %
194Jiv) Any Other30,000/-10 %
194KIncome in respect of Units payable to Resident Person5,000/-10 %
194LAPayment of Compensation on Acquisition of certain Immovable Property2,50,000/-10 %
194LBPayment of Interest on Infrastructure Debt Fund to Non-Resident5 %The rate of TDS shall be increased by applicable Surcharge and Health & Education Cess.
194LBA(1)Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.10 %
194LBBInvestment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]10 %
194LBCIncome in respect of investment made in a securitisation trust (specified in Explanation of section115TCA):
194LBCa) HUF/Individuals25 %
194LBCb) Others30 %
194LCInterest on Money Borrowed in Foreign Currency under Loan agreement or issue of Long Term Bonds or Rupee Denominated Bond up to 30.06.20235 % (4 % if Listed in IFSC)The rate of TDS shall be increased by applicable Surcharge and Health & Education Cess.
194LDInterest on Rupee Denominated Bond of Indian Company or Government Securities or Municipal Debt Securities5 %The rate of TDS shall be increased by applicable Surcharge and Health & Education Cess.
194MPayment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J.50,00,000/-2 %
194NCash Withdrawal from Bank, Co-operative Society engaged in business of Banking, Post Office:
194Ni) in excess of Rs. 1 crore1,00,00,000/-2 %
194Nii) in excess of Rs. 20 lakhs (for those persons who have not filed Income Tax Return (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired.) The deduction of tax under this situation:
194Na) On amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 20 lakhs during the previous year;20,00,000/-2 %
194Nb) On amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 1 crore during the previous year;1,00,00,000/-5 %
194OE-Commerce Operator to E-Commerce Participant (Sale of Goods or Services)5,00,000/-0.10 %
194PTDS by Bank in case of Senior Citizen (Age: 75 Years or More)Taxable Income liable to TaxSlab RateOnly If Income From Pension and Interest
194QPurchase of Goods50,00,000/-0.10 %
194RTDS on benefit or perquisite of a business or profession20,000/-10 %
194STDS on payment for Virtual Digital Assets“Specified Person” Payer– 50,000/-
Other Payers – 10,000/-
1 %
195Payment of any other sum to a Non-residentThe rate of TDS shall be increased by applicable Surcharge and Health & Education Cess.
195a) Income in respect of investment made by a Non-resident Indian Citizen20 %
195b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen10 %
195c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 11210 %
195d) Income by way of long-term capital gains as referred to in Section 112A10 %
195e) Income by way of short-term capital gains referred to in Section 111A15 %
195f) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses 10(33), 10(36) and 112A20 %
195g) Income by way of interest payable by Government or an Indian concern on moneys 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)20 %
195h) Any other Income30 %
196AIncome in respect of Units for Non Resident or Foreign Company20 %The rate of TDS shall be increased by applicable Surcharge and Health & Education Cess.
196BLTCG u/s 115AB (Offshore Fund)10 %The rate of TDS shall be increased by applicable Surcharge and Health & Education Cess.
196CInterest or Dividend on Bonds/GDR u/s 115AC (Non Resident)10 %The rate of TDS shall be increased by applicable Surcharge and Health & Education Cess.
196DInterest or Dividend u/s 115AD (Non Resident)20 % (FII)
10 % (Specified Fund)
The rate of TDS shall be increased by applicable Surcharge and Health & Education Cess.

TDS Full Form is “Tax Deducted at Source

Tax deduction at source (TDS) means payer to collect income tax due on such income while crediting/paying to the payee and deposit the same to the government’s Bank Account on payee’s behalf. TDS payment done in ITNS 281 at Income Tax Portal or NSDL Protean (Depends on Payment Bank).

Which Assessees required to deduct TDS (Tax Deducted at Source)?

All Assessees but for individuals & HUF will be liable to deduct TDS if the revenue exceeds Rs. 1 Crore in the case of Business and Rs. 50 Lakhs in the case of the profession in the previous year.

TAN is Required for TDS Deductions?

Yes, TAN is reqired for TDS Deduction except TDS Liablities in Section 194-IA, 194-IB, 194M.

Sources

CHAPTER XVII – Collection and recovery of tax in incometaxindia.gov.in


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