TaxTMI 
TaxTMI 
Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2024-25
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....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 beneficial interest in such shares * No TDS if Dividend is paid/credited by SPV to Business Trust 194A Interest (Other Interest on Securities) 10% * (a) Rs. 40,000/- where the payer is a banking company (FA, 2019) * (b) Rs. 40,000/- where the payer is a co-operative society engaged in carrying on the business of banking; (FA, 2019) * (c) Rs. 40,000/- on any deposit with post office under any scheme framed by the Central Government and notified by it in this behalf; and (FA, 2019) * (d) Rs. 5,000/- in any other case * (e) For a senior citizen, the threshold limit will be Rs. 50,000/- (FA, 2019) 194B Winnings from lottery or crossword puzzle, etc. 30% Rs. 10,000 [Proviso Inserted by FA, 2023 - this section shall not apply to winnings from any online game on or after the 01-04-2023]. 194BA Winnings from online games Rate in Force @ 30% On net winnings at the time of withdrawal from user account ....
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....rtainer (who is not a citizen of India) 194EE Payment for National Saving Scheme, 1987 10% Rs. 2500 194F Payment for repurchase of units 20% Omitted - [ From 01.10.2024 Amended vide Finance (No. 2) Act, 2024 ] 194G Commission, remuneration or prize on sale of lottery ticket 5% - [ Upto 30.09.2024 ] 2% -[From 01.10.2024 Amended vide Finance (No. 2) Act, 2024 ] Rs. 15,000 194H Commission or Brokerage (Other) 5% - [ Upto 30.09.2024 ] 2% - [From 01.10.2024 Amended vide Finance (No. 2) Act, 2024 ] Rs. 15,000 194I Rent on land, building or furniture 10% Rs. 2,40,000 194I Rent on plant, machinery or equipment 2% Rs. 2,40,000 (FA, 2019) 194IA Payment / credit of consideration to a resident transferor for transfer of immovable property (other than rural agricultural land) [w.e.f. 1.6.2013] 1% Rs. 50,00,000 From 01.10.2024 - where there is more than one transferor or transferee in respect of any immovable property, then the consideration shall be the aggregate of the amounts paid or payable by all the transferees to the transferor or all the transferors for transfer....
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....sident 10% 30% 10% 40% - 194LBC Income in respect of investment in securitization fund -Individual/HUF Resident Non-Resident -Company Resident Non-Resident-Other Person Resident Non-Resident 25% 30% 30% 40% 30% 30% 194LC Income by way of interest by an Indian specified company to a non-resident/foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India [Rate+ SC+HEC] 5%/9%* *[TDS rate shall be 9% in case of monies borrowed by it from a source outside India by way of issue of any long term bond or rupee denominated bond on or after 1-7-2023, Amended by FA, 2023, w.e.f., 01-07-2023]. 194LC Income by way of interest by an Indian specified company on rupee denominated bond / any long-term bonds from outside India, which is listed only on a recognized stock exchange located in any International Financial Services Centre. [Rate+ SC+HEC] 5% 194LD Int....
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....e collected u/s 206C(1)/(1F)/(1G). * In case of transaction which both 194O & 194Q applies, TDS to be deducted u/s 194O * If PAN of payee is not available, tax will be deducted u/s 194O & 194Q at the rate of 5%. 194R Perquisite or benefit to a business or profession 10% Rs.20,000 - TDS should be 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. [Explanation inserted by FA, 2023 - provisions of section 194R(1) shall apply to any benefit or perquisite, whether in cash or in kind or partly in cash and partly in kind."] 194S TDS on the transfer of virtual digital assets (i.e Crypto currency trading 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 194T Payments to partners of firms [ Inserted by Finance (No. 2) Act, 2024 w.e.f. 01.04.2025] 10% Any person, being a firm, responsibl....
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....under the provisions of sections 111A, 112 and 112A ] Other Point -15% where the income or the aggregate of such incomes (including the income by way of dividend or income under the provisions of sections 111A, 112 and 112A) exceeds two crore rupees -15% where the total income includes any income by way of dividend or income under the provisions of sections 111A, 112 and 112A. -25% where the income of such person is chargeable to tax under section 115BAC(1A) 1.3 In the case of an association of persons being a non-resident, and consisting of only companies as its members -10% if income exceeds Rs. 50 Lakhs but does not exceed 1 Crores -15% if income above Rs. 1 Crores 1.4 Non resident co-operative society -7% if income exceeds Rs. 1 Crore but does not exceed 10 Crores -12% if income above Rs. 10 Crores 1.5 Non resident firm -12% if income exceeds Rs. 1 Crores. 1.6 Every company other than a domestic company -2% Surcharge in case of foreign company and amount exceeds Rs. 1 Crore to Rs. 10 Crore. -5% if income above 10 Crore 2. Cess * No Cess on TDS in case of payment is made to Resident or Domestic Company [Other than Salary] * Health and Educ....