TDS Rate Chart (FY 2024-25; AY 2025-26)
Author CA Aman Rajput, presented the TDS rate chart for FY 2024-25; AY 2025-26 in the table below.
| TDS Section List | Nature of Payment | Threshold | Individual or HUF | Others |
| 192 | Payment in form of salary | ₹ 2,50,000 | Slab Rates | Slab Rates |
| 192A (Note 1) | Employee Provident Fund withdrawal prematurely/early | ₹ 50,000 | 10% | 10% |
| 193 | Interest earned on securities including listed debentures | ₹ 10,000 | 10% | 10% |
| 194 | Payment of dividends by domestic Co. | ₹ 5,000 | 10% | 10% |
| 194A | Interest on deposits from banks or post offices | ₹ 40,000 ₹ 50,000(senior citizens) | 10% | 10% |
| 194A | Interest income other than securities | ₹ 5,000 | 10% | 10% |
| 194B | Winnings of lotteries, puzzles, or games (Casual income) | Aggregate of ₹ 10,000 | 30% | 30% |
| 194BA | Winnings from online Games | – | 30% | 30% |
| 194BB | Winnings from Horse races | ₹ 10,000 | 30% | 30% |
| 194C | Payments made to contractors or subcontractors (one time) | ₹ 30,000 | 1% | 2% |
| 194C | Payments made to contractors or subcontractors on an aggregate basis | ₹ 1,00,000 | 1% | 2% |
| 194D | Commission paid on insurance sales to domestic companies | ₹ 15,000 | Not Applicable | 10% |
| 194D | Commission paid on insurance sales to non-domestic companies | ₹ 15,000 | 5% | Not Applicable |
| 194DA | Maturity of life insurance policy | ₹ 1,00,000 | ||
| 194EE | Payment received from the National Savings Scheme by individuals | ₹ 2,500 | 10% | 10% |
| 194F | Repurchase of units by Unit Trust of India or any mutual fund | No Limit | ||
| 194G | Payments or commission made from the sale of lottery tickets | ₹ 15,000 | ||
| 194H | Commission or brokerage fees | ₹ 15,000 | ||
| 194I | Rent paid for land, building, or furniture | ₹ 2,40,000 | 10% | 10% |
| 194I | Rent paid for plant and machinery | ₹ 2,40,000 | 2% | 2% |
| 194IA | Payment for the transfer of immovable property excluding agricultural land | ₹ 50,00,000 | 1% | 1% |
| 194IB | Rent payment made by an individual or HUF not covered under section 194I | ₹ 50,000 (per month) | Not Applicable | |
| 194IC | Payments made under a Joint Development Agreement to I / HUF | No Limit | 10% | 10% |
| 194J | Fees paid for professional and technical services (doctor/CA etc) | ₹ 30,000 | 10% | 10% |
| 194J | Royalty paid for the sale, distribution, or exhibition of cinematographic films | ₹ 30,000 | 2% | 2% |
| 194K | Income received from units of a mutual fund, such as dividend | ₹ 5,000 | 10% | 10% |
| 194LA | Compensation for acquiring certain immovable property | ₹ 2,50,000 | 10% | 10% |
| 194LB | Interest on infrastructure bonds to Non-Resident Indians | Not Applicable | 5% | 5% |
| 194LBA(1) | Distribution of certain income by a business trust to its unit holders | Not Applicable | 10% | 10% |
| 194LD | Interest payment on rupee denominated bonds, municipal debt security, and government securities | Not Applicable | 5% | 5% |
| 194M (Note 2) | Payments made for contracts, brokerage, commission, or professional fees excluding sections 194C, 194H, 194J- Individual/HUF | ₹ 50,00,000 | ||
| 194N (Note 3) | Cash withdrawal exceeding a specified amount from the bank, with filed ITR | ₹ 1,00,00,000 | 2% | 2% |
| 194N (Note 3) | When ITR is not filed | ₹ 20,00,000 | 2% then 5% after 1cr on slab basis | 2% then 5% after 1cr on slab basis |
| 194O | Amount received for the sale of products/services by e-commerce service providers through digital platforms | ₹ 5,00,000 | ||
| 194P | Senior citizen above 75 yr of age having salary and interest Income, ITR not required | Not Applicable | Slab rates | Not Applicable |
| 194Q | Payments made for the purchase of goods | ₹ 50,00,000 | 0.10% | 0.10% |
| 194R | Perquisite provided | ₹ 20,000 | 10% | 10% |
| 194S | TDS on the payment of cryptocurrencies or other virtual assets | ₹ 50,000 (specified person) ₹ 10,000 (others) | 1% | 1% |
| 194T (Note 5) | TDS on payments made by firms to their partners | ₹ 20,000 | Not applicable | 10% |
| 206AA | TDS applicable in case of non availability of PAN | Not Applicable | At a higher rate than: -2X the rate specified by the act -20% -The currently applicable rate | At a higher rate than: -2X the rate specified by the act -20% -The currently applicable rate |
| 206AB | TDS on non-filers of Income Tax Return | Not Applicable | The higher of: -5% -2X the rate mentioned in the provision -The currently applicable rate | The higher of: -5% -2X the rate mentioned in the provision -The currently applicable rate |
Notes:
- As per Section 192A TDS rate on PF withdrawal for employees without PAN reduced to 20% from the maximum marginal rate.
- Some sections apply only if gross receipts from profession exceeds ₹ 50 lac and from business exceeds ₹ 1 crore i.e. specified persons
- As per Section 194N Increased TDS threshold for cash withdrawal by co-operative societies. From April 1st, 2023, TDS will be deducted on cash withdrawals exceeding Rs 3 crore, up from the previous limit of Rs 1 crore.
- Section 196A: Non-residents earning income from mutual funds in India can provide a Tax Residency Certificate starting April 1st, 2023, to avail the TDS benefit as per the rate specified in the tax treaty, instead of the standard 20% rate.
Note: Any view or concern about the TDS rates given above be informed to taxupdate.otu@gmail.com and aman.rajput@mail.co.in
Share this content:
Post Comment