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TDS Rates

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

SectionFor Payment ofAmount upto which tds not deductibleIndividual
/HUF
Others
192SalaryAs per Income Tax SlabAs per Income Tax SlabN/a
192APayment of accumulated balance due to an employee under Employees Provident Fund Scheme, 195250,00010%10%
193Interest on DebenturesRs. 5,000/- or Rs. 10,00010%10%
194Deemed DividendRs. 2,50010%10%
194AInterest other than on securitiesRs. 10,000/- for banks and 5,000 for others10%10%
194BWinnings from Lotteries / Puzzle / GameRs. 10,000/-30%30%
194BBWinnings from Horse RaceRs. 10,000/-30%30%
194CPayment to Contractor/Sub-contractorRs. 30,000/- for single payment Rs. 1,00,000/- for aggregate
payment during Financial Year
1%2%
194DPayment of Insurance CommissionRs. 15,000/-5%5%
194DAPayment under Life insurance policy (including bonus)Rs. 1,00,000/-1%N/a
194EPayment to non- resident sportsmen or sports associationN/a20%20%
194EEPayment of NSS DepositsRs. 2,500/-10%NA
194FRepurchase of units by Mutual Funds / UTIN/a20%20%
194GCommission on Sale of Lottery ticketsRs. 15,000/-5%5%
194HCommission or BrokerageRs. 15,000/-5%5%
194IRent of Land, Building or FurnitureRs. 1,80,000/-10%10%
Rent of Plant & MachineryRs. 1,80,000/-2%2%
194IAPurchase of Immovable PropertyRs. 50 lacs1%1%
194IBRent payable by an individual / Hindu undivided family not covered under section 194I50,000 per month5%5%
194ICPayment of monetary consideration under Joint development agreement or similar other agreementN/a10%10%
194JProfessional / technical services, royaltyRs. 30,000/-10%
(2% for Call centres)
10%
(2% for Call centres)
194LACompensation on acquisition of certain immovable propertyRs. 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/a5%
 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/a5%
 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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About Rohit Pithisaria

Rohit Pithisaria is a Practicing Chartered Accountant from Jaipur and been in practice for more than 7 years. He is actively writing from very beginning of his professional career and is author of various tax articles and blogs.

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