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TDS-Rate-Chart-for-FY-2023-24

 

TDS Rate Chart for FY 2023-24

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Section

Nature of Payment

Threshold limit

TDS Rate %

192

Income from Salary

Slab Rates (Based on Old or New Tax Regime)

192A

EPF- Premature Withdrawal

Rs. 50,000

10% (20% if no PAN)

193

Interest on Securities

Rs. 2,500

10%

193

Interest on Debentures

Rs. 5,000

10%

194

Dividend other than reffered in 115-O

Rs. 5,000

10%

194-A

Interest (other than  Securities) by banks/post offices

Rs. 50,000/- (For Senior Citizens) and Rs. 40,000/- (For Others)

10%

194-A

Interest (other than  Securities) by others

Rs. 5,000

10%

194-B

Income by way of Winning from lotteries, Crossward puzzles, Games etc.

Rs. 10,000

30%

194-B

Income by way of Winning from online Games

NA

30%

194-BB

Winning from Horse Races

Rs. 10,000

30%

Rs. 30,000/- (Single Transaction) and Rs. 1,00,000/- (Aggregate of Transactions)

For Individual/HUF-1% & Other than Individual/HUF 2%

194-D

Insurance Commission

Rs. 15,000

For Individual 5% & Others 10%

194-DA

Payment under Life Insurance Policy (Including Bonus)

Rs. 1,00,000

5%

194E

Payment to Non-Resident Sports men/Sport association

NA

20%

194-EE

Payment in respect of deposit under National Saving Scheme

Rs. 2,500

10%

194-F

Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India

NA

20%

194-G

Commission on Sale of Lottery Tickes

Rs. 15,000

5%

194-H

Payment of Commission or Brokerage

Rs. 15,000

5%

194-I

Rent of Plant & Machinery and Equipments etc.

Rs. 2,40,000

2%

194-I

Rent of Land & Building or Furniture

Rs. 2,40,000

10%

Rs. 50,00,000

1%

Rs. 50,000 (Monthly)

5%

194-IC

Payment of monetary consideration under Joint Development Authority

NA

10%

Rs. 30,000

10% (on Professional Services) or 2% (on Technical Services)

194-K

Income in respect of units (UTI/MF)

NA

10%

194-LA

Payment of compensation on acquisition of certain immovable property

Rs. 2,50,000

10%

194-LB

Interest from Infrastructure Bond to NRI

NA

5%

194-LC

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

NA

4% (Long term Bond or Rupee Denominated Bond listed on RSE in IFSC) or 5% (others)

194-LD

Interest on Rupee denominated bond, Municipal debt security and Govt. Securities

NA

5%

Rs. 50,00,000

5%

where amount or aggregate of amount of cash exceeds Rs. 1 Crore or Rs. 3 Core (for Co-Operative Society)

2%

(If an Individual receiving the money has not filed the income tax return for all of the three assessment years relevant to three previous years, immediately preceding the previous year when the withdrawal is being made, and time limit for filing return u/s 139(1) has expired)

where amount or aggregate of amount of cash exceeds Rs 20 lakh but does not exceed Rs 1 crore

2%

(If an Individual receiving the money has not filed the income tax return for all of the three assessment years relevant to three previous years, immediately preceding the previous year when the withdrawal is being made, and time limit for filing return u/s 139(1) has expired)

where amount or aggregate of amount of cash exceeds Rs. 1 Crore or Rs. 3 Core (for Co-Operative Society)

5%

Rs. 5,00,000

1% (5% in case of no PAN)

Rs. 50,00,000

0.10%

Rs. 20,000

10%

Rs. 50,000 (Specified Persons) or Rs. 10,000 (others)

1%




Comments

knrao on 5/6/2023 9:19:21 AM says:
pdf file is very good incase of upload

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