TaxTMI 
TaxTMI 
TaxTMI 
Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2022-23
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....erest on securities for money issued by or on behalf of any local authority/statutory corporation, listed debentures of a company(other than demat form), any other interest on securities 193 Interest on other Securities 10% Rs. 10,000 in case of 8% Savings (Taxable) Bonds, 2003 Rs. 10,000 in case of 7.75% Savings (Taxable) Bonds, 2018 during the financial year 194 Dividends 10% Rs. 5,000 -No TDS if payment made to Individual by any mode other than cash & payment is upto Rs. 5,000. -No TDS if dividend is to LIC, GIC or any other insurer provided shares are owned by them, or they have full benefical interest in such shares -No TDS if Dividend is paid/credited by SPV to Business Trust 194A Interest (Other Interest on Secu....
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....n sportsman / entertainer or non -resident sports association 20% Income received by NR Sportsmen (who is not citizen of India) by way of: >Participation in any game or sport in India. >Advertisement >Contribution of article in newspapers, magazines, journaals relating to game or sports in India 2) Income received for performing in India by NR Entertainer (who is not a citizen of India) 194EE Payment for National Saving Scheme, 1987 10% Rs. 2500 194F Payment for repurchase of units 20% - 194G Commission, remuneration or prize on sale of lottery ticket 5% Rs. 15,000 194H Commission or Brokerage (Other) 5% Rs. 15,000 194I Rent on land, building or furniture 10% Rs. 2,40,000 194I Re....
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....t by an infrastructure debt fund [Rate+ SC+HEC] 5% - 194LBA Income from units of business trust - interest received or receivable from a special purpose vehicle; Resident Non-Resident -Or, dividend referred to in sub-section (7) of section 115-O Resident Non-Resident 10% 5% 10% 10% - 194LBA Distribution of rental income by business trust/REIT to unit holders -Other than Comapany Resident Non-Resident - Company Re....
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....e by way of interest shall be interest payable on or after 1/6/2013 but before 1/7/2020 in respect of investment made by the payee in a rupee denominated bond of Indian Company/Government security. 194M Certain payments by Individual/HUF 5% Rs. 50,00,000 194N Payment of certain amount in cash - Amount is more than Rs.20 lakh but up to Rs. 1 crore - Amount exceeds Rs. 1 crore (Applicable from 01.07.2020) 2% 5% According to section 194N of the Act, TDS has to be deducted if a sum or aggregate of sum withdrawn in cash by a person in a particular FY exceeds : -Rs. 20 lakh (if no ITR has been filed for all the three previous AYs), or -Rs. 1 crore (if ITRs have been filed for all or any one of three previous AYs). ....
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....e deducted by any person who provides perks or benefits, whether convertible into money or not, to any resident including Individual/HUF for carrying out any business or profession by such resident. 194S TDS on the transfer of virtual digital assets (Crypto Income) 1% -Specified Person - Rs.50,000 if any individual or HUF- Does not have income from business or profession. If they earn income from business or profession, but the income does not exceed Rs 1 crore or Rs 50 lakh, respectively. -others - Rs.10,000 195 Income of Investment made by an NRI Long-term capital gain- Under Section - 115E/112(1)(c)(iii)/112A - Any Other Gains Short-term capital gain - 111A Royalty Fees for Technical Services Interest income payable ....
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....o-operative society / firm Add Surcharge - 12% in case of payment is made or likely to be made to Non Resident other than Foreign Company exceeds Rs. 1 Crore. Non Resident company Add Surcharge - 2% if the recipient is a foreign company and amount exceeds or likely to exceed Rs. 1 Crore to Rs. 10 Crore. In case of an amount more than Rs. 10 Crore, 5% 2. Cess No Cess on TDS in case of payment is made to Resident or Domestic Company [Other than Salary] Health and Education Cess - @4% of Income Tax Further Notes: 1. Self Declaration - Tax (TDS) is not deductible under section 192A, 193, 194, 194A, 194D, 194DA, 194-I, or 194EE ....