| Section | Nature of Payment | Threshold | TDS Rate | Remarks |
|---|---|---|---|---|
| 192 | Salary | Taxable Income liable to Tax |
Normal Slab Rate (or) New Tax Regime Slab Rate as opted by employee |
Refer Note 4 & 5 for Old & New Regime Slab Rates OPTION TO CHOOSE BETWEEN NEW AND OLD TAX SLAB REGIME FOR SALARIED EMPLOYEES |
| 192A | PF Withdrawal (Taxable) | 50,000 | 10% | – |
| 193 | Interest on Securities | 2,500 | 10% | – |
| 194 | Dividend | 5,000 | 10% |
Budget 2021 Update
No TDS on dividend paid to business trust or notified persons (incl. AIF Cat III). |
| 194A | Interest on Bank/Post Office Deposits | |||
| a) Senior Citizen | 50,000 | 10% | – | |
| b) Others | 40,000 | 10% | – | |
| 194A | Other Interest (non-bank) | 5,000 | 10% | – |
| 194B | Winnings – Lottery/Games | 10,000 | 30% | – |
| 194BB | Winnings from Horse Races | 10,000 | 30% | – |
| 194C | Payment to Contractor/Sub-Contractor | Single: 30,000 | Annual: 1,00,000 | – | |
| a) Individual/HUF | 1% | – | ||
| b) Others | 2% | – | ||
| 194D | Insurance Commission | |||
| a) Individuals | 15,000 | 5% | – | |
| b) Companies | 15,000 | 10% | – | |
| 194DA | Life Insurance Payout (Income Portion) | 1,00,000 | 5% | – |
| 194E | Payment to Non-resident Sportsmen or Sports Associations | – | 20% | – |
| 194EE | National Savings Scheme Withdrawal | 2,500 | 10% | – |
| 194F | Repurchase of Units by Mutual Funds / UTI | – | 20% | – |
| 194G | Commission on Lotteries | 15,000 | 5% | – |
| 194H | Commission or Brokerage | 15,000 | 5% | – |
| 194I | Rent | 2,40,000 | – | |
| a) Plant & Machinery | 2% | – | ||
| b) Land / Building / Furniture | 10% | – | ||
| 194IA | Transfer of Immovable Property | 50,00,000 | 1% | On sale consideration or stamp duty value, whichever is higher |
| 194IB | Rent by Individual/HUF (not liable for tax audit) | 50,000/month | 5% | – |
| 194IC | Joint Development Agreement — Monetary Consideration | – | 10% | – |
| 194J | Professional & Technical Fees | 30,000 | – | |
| a) Technical Services | 2% | Not applicable for professional services | ||
| b) Professional Services | 10% | – | ||
| 194K | Income from Units (Mutual Funds) | – | 10% | Exempt if capital gains |
| 194LA | Compensation on Acquisition of Immovable Property | 2,50,000 | 10% | – |
| 194M | Payment by Individual/HUF (not liable for audit) to contractors/professionals | 50,00,000 | 5% | – |
| 194N | Cash Withdrawal Exceeding Limits | 1 Crore | 2% | Reduced limits for non-filers |
| 194O | E-commerce Operator Payments | – | 1% | Applicable if seller turnover exceeds ₹5 lakh |
| 194Q | TDS on Purchase of Goods | 50,00,000 | 0.1% | Buyer turnover above ₹10 crore |
| 194R | Benefit or Perquisite in Business/Profession | 20,000 | 10% | – |
| 195 | Payment to Non-residents | – | Rates as per IT Act or DTAA | Higher of the two applies |
| 206AA | Without PAN — Higher TDS | – | 20% | Except cases where lower DTAA rates apply |
| 206AB | TDS for Non-filers of ITR | – | Higher of: | (a) 2× applicable rate (b) 5% (c) Twice the specified rate |