TDS Rates Chart for FY 2018-19 and AY 2019-20

Section No.

Particulars

TDS Rates (%)

192

Payment of salary

Normal slab rate

192A

Payment of accumulated balance of provident fund which is taxable in the hands of an employee.

10

193

Interest on Securities

• any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act:
• any  debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;
• any security of the Central or State Government;
• interest on any other security

10

194

Payment of Dividend other than those dividends which are exempt in the hands of shareholders.

10

194A

Income by way of interest other than “Interest on Securities”

However, interest upto Rs 50,000 earned by senior citizens on:

• Deposit with banks
• Deposit with post offices
• FD/ RD schemes

Will be exempt from TDS

10

194B

Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort

30

194BB

Income by way of winnings from horse races

30

194C

Payment to contractor/sub-contractor by

• HUF/Individuals
• Others

1
2

194D

Insurance Commission

5

194DA

Payment in respect of life insurance policy

1

194EE

Payment in respect of deposit under National Savings scheme

10

194F

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

20

194G

Commission, etc., on sale of lottery tickets

5

194H

Commission or brokerage

5

194I

Rent on

• Plant & Machinery
• Land or building or furniture or fitting

2
10

194IA

Payment on transfer of certain immovable property other than agricultural land

1

194IB

Payment of rent by individual or HUF not liable to tax audit (applicable from 1st June, 2017)

5

194IC

Payment of monetary consideration under Joint Development Agreements

10

194J

Any sum paid by way of

• Fee for professional services,
• Fees for technical services,
• Royalty,
• Remuneration/fee/commission to a director or
• For not carrying out any activity in relation to any business
• For not sharing any know-how, patent, copyright etc.

Further, from 1st June, 2017 the TDS rate would be 2% in case of payee engaged in business of operation of call center.

10

194LA

Payment of compensation on acquisition of certain immovable property

However, from 1st April, 2017 no TDS shall be deducted on any payment which is exempt from levy of income-tax under Right to Fair Compensation Act, 2013.

10

194LBA

Certain income distributed by a business trust to its unit holder

10

194LBB

Investment fund paying an income to a unit holder other than those which are exempt in the hands of unit holder

10

194LBC

Income in respect of investment made in a securitisation trust 

25% in case of individual/HUF

30% in case of others

Any other income

10

Section No.

Particulars

TDS Rates (%)

192

Payment of salary

Normal slab rate

192A

Payment of accumulated balance of provident fund which is taxable in the hands of an employee.

10

194B

Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort

30

194BB

Income by way of winnings from horse races

30

194E

Payment to non-resident sportsmen/ sports association

20

194EE

Payment in respect of deposits under National Saving Scheme

10

194F

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

20

194G

Commission, etc., on sale of lottery tickets

5

194LB

Payment of interest on infrastructure debt fund

5

194LBA(2)

Business trust shall deduct TDS at the time of distributing any interest income received or receivable by it from a SPV to its unit holders

5

194LBA(3)

Business trust shall deduct TDS at the time of distributing any income received from renting or leasing out any real estate asset owned directly by it to is unit holders

30

194LBB

Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].

30

194LBC

Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)

30

194LC

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 (including long-term infrastructure bond)

5

194LD

Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor

5

195

Payment of any other sum to a Non-resident:

Income in respect of investment made by a Non-resident Indian Citizen

20

Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen

10

Income by way of long-term capital gains referred to in Section 112(1)(c)(iii)

10

Income by way of long-term capital gains as referred to in Section 112A

10

Income by way of short-term capital gains referred to in Section 111A

15

Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses 10(33), 10(36) and 112A

20

Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)

20

Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a person resident in India

10

Income by way of royalty [not being royalty of the nature referred to point g) above E] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy

10

Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy

10

Any other income

30

196B

Income from units (including long-term capital gain on transfer of such units) to an offshore fund

10

196C

Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)

10

196D

Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)

20

Section No.

Particulars

TDS Rates (%)

193

Interest on Securities:

• any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;
• any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;
• any security of the Central or State Government;
• interest on any other security

10

194

Dividend

10

194A

Interest Income other than “Interest on securities”

10

194B

Income from winnings from lotteries, crossword puzzles, card games and other games of any sort

30

194BB

Income by way of winnings from horse races

30

194C

Payment to contractor/sub-contractor:

• HUF/Individuals
• Others

1
2

194D

Insurance Commission

10

194DA

Payment in respect of life insurance policy

1

194EE

Payment in respect of deposit under National Savings scheme

10

194F

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

20

194G

Commission, etc., on sale of lottery tickets

5

194H

Commission or brokerage

5

194I

Rent on

• Plant & Machinery
• Land or building or furniture or fitting

2
10

194IA

Payment on transfer of certain immovable property other than agricultural land

1

194IC

Payment of monetary consideration under Joint Development Agreements

10

194J

Any sum paid by way of

• Fee for professional services,
• Fees for technical services,
• Royalty,
• Remuneration/fee/commission to a director or
• For not carrying out any activity in relation to any business
• For not sharing any know-how, patent, copyright etc.

1st Further, from June, 2017 the TDS rate would be 2% in case of payee engaged in business of operation of call center.

10

194LA

Payment of compensation on acquisition of certain immovable property

stfrom 1However, April, 2017 no TDS shall be deducted on any payment which is exempt from levy of income-tax under Right to Fair Compensation Act, 2013.

10

194LBA(1)

Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.

10

194LBB

Investment fund paying an income to a unit holder other than those which are exempt in the hands of unit holder

10

194LBC

Income in respect of investment made in a securitisation trust 

10

Any other income

10

Section No.

Particulars

TDS Rates (%)

194B

Income from winnings from lotteries, crossword puzzles, card games and other games of any sort

30

194BB

Income by way of winnings from horse races

30

194E

Payment to non-resident sports association

20

194G

Commission, etc., on sale of lottery tickets

5

194LB

Payment of interest on infrastructure debt fund

5

194LBA(2)

Business trust shall deduct TDS at the time of distributing any interest income received or receivable by it from a SPV to its unit holders

5

194LBA(3)

Business trust shall deduct TDS at the time of distributing any income received from renting or leasing out any real estate asset owned directly by it to is unit holders

40

194LBB

Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].

40

194LBC

Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)

40

194LC

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 (including long-term infrastructure bond)

5

194LD

Payment of interest on rupee-denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor

5

195

Payment of any other sum:

Income by way of long-term capital gains referred to in Section 112(1)(c)(iii)

Income by way of short-term capital gains referred to in Section 111A

 Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of Section 10]

Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)

 Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such royalty is in consideration for the transfer of all or any rights (including the granting of a license) in respect of a copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income Tax Act, to the Indian concern or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income Tax Act, to a person resident in India

 Income by way of royalty [not being royalty of the nature referred to in sub-item (b)(iv)] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy—

• where the agreement is made after the 31st day of March, 1961 but before the 1st day of April, 1976.
• where the agreement is made after the 31st day of March, 1976

50
10

Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy—

• where the agreement is made after the 29th day of February, 1964 but before the 1st day of April, 1976.
• where the agreement is made after the 31st day of March, 1976
• Any other income

50
10
40

196B

Income from units (including long-term capital gain on transfer of such units) to an offshore fund

10

196C

Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)

10

196D

 Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)

20