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TDS Rates

TDS Rate Chart as applicable for the Financial year 2017-18 (Assessment Year 2018-19)

Section For Payment of Amount upto which tds not deductible Individual
/HUF
Others
192 Salary As per Income Tax Slab As per Income Tax Slab N/a
192A Payment of accumulated balance due to an employee under Employees Provident Fund Scheme, 1952 50,000 10% 10%
193 Interest on Debentures Rs. 5,000/- or Rs. 10,000 10% 10%
194 Deemed Dividend Rs. 2,500 10% 10%
194A Interest other than on securities Rs. 10,000/- for banks and 5,000 for others 10% 10%
194B Winnings from Lotteries / Puzzle / Game Rs. 10,000/- 30% 30%
194BB Winnings from Horse Race Rs. 10,000/- 30% 30%
194C Payment to Contractor/Sub-contractor Rs. 30,000/- for single payment Rs. 1,00,000/- for aggregate
payment during Financial Year
1% 2%
194D Payment of Insurance Commission Rs. 15,000/- 5% 5%
194DA Payment under Life insurance policy (including bonus) Rs. 1,00,000/- 1% N/a
194E Payment to non- resident sportsmen or sports association N/a 20% 20%
194EE Payment of NSS Deposits Rs. 2,500/- 10% NA
194F Repurchase of units by Mutual Funds / UTI N/a 20% 20%
194G Commission on Sale of Lottery tickets Rs. 15,000/- 5% 5%
194H Commission or Brokerage Rs. 15,000/- 5% 5%
194I Rent of Land, Building or Furniture Rs. 1,80,000/- 10% 10%
Rent of Plant & Machinery Rs. 1,80,000/- 2% 2%
194IA Purchase of Immovable Property Rs. 50 lacs 1% 1%
194IB Rent payable by an individual / Hindu undivided family not covered under section 194I 50,000 per month 5% 5%
194IC Payment of monetary consideration under Joint development agreement or similar other agreement N/a 10% 10%
194J Professional / technical services, royalty Rs. 30,000/- 10%
(2% for Call centres)
10%
(2% for Call centres)
194LA Compensation on acquisition of certain immovable property Rs. 2,50,000/- 10% 10%
 194LB  Payment of interest on infrastructure debt fund to non resident  N/a  N/a  5%
 194LBA  Certain income from units of a business trust.  N/a  10% 5%
 194LBB  Investment fund paying an income to a unit holder (other than income which is exempt under section 10(23FBB))  N/a  10% 10%
 194LBC  Income in respect of investment in securitization trust.  N/a  25% 30%
 194LC  Payment of interest by an 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 bond )  N/a  N/a 5%
 194LD  Payment of interest on rupee denominated bond of an Indian company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor.  N/a  N/a 5%
 195  Other sums  N/a  Average rates  Average rates
 196A  Income in respect of units of non residents  N/a  N/a  10% in case of company.
20% in case of a person other than a company.
 196B  Income from units ( including long term capital gain on transfer of such units ) to an offshore fund.  N/a  N/a  10%
 196C  Income from foreign currency bonds or GDR ( including long term capital gains on transfer of such bonds)  N/a  N/a  10%
 196D  Income of FIIs from securities  N/a  N/a  20%

Notes:

  1. No surcharge or education cess is levied on payments made to residents {Individuals / HUF / Society / AOP / Firm / Domestic Company). However education cess is levied in case of salary or wages.
  2. TDS at higher rate of 20% or TDS rate, whichever is higher, has to be deducted if the deductee does not provide PAN to the deductor.

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