TDS RATE CHART FOR FY 2023-24
28-03-2024
| Section | Deductee | Nature of Transaction | Threshold Limit (Rs) | TDS Rate |
| 192 | Resident, Non-Resident | Payment of Salary | Basic exemption limit | Normal slab rates |
| 192A | Resident, Non-Resident | Premature Withdrawal from EPF | 50,000 | 10% rate of TDS if PAN is provided. If EPF withdrawal is made without a PAN, the applicable rate is 20%. |
| 193 | Resident | Interest on securities | 2500 | 10% budget 2023: The exemption of TDS on interest from listed debentures has been removed. Therefore, tax has to be deducted on the interest on such specified securities. |
| 194 | Resident | Dividend | 5000 | 10% |
| 194A | Resident | Interest from other than interest from securities (from deposits bank/post office/ co-operative society) | Senior Citizens- 50,000 Others-40,000 | 10% for both |
| 194A | Resident | Interest from other than interest on securities and interest on bank deposits. | 5,000 | 10% |
| 194B | Resident, Non-Resident | Income from lottery winnings, puzzles, crosswords, card games and other games of any type | 10,000 | 30% |
| 194BA | Resident, Non-Resident | Income from online games | Nil | 30% |
| 194BB | Resident, Non-Resident | Income from horse race winning | 10,000 | 30% |
| 194C | Resident | Payment to Contractor/ Sub-contractor | Single transaction- 30,000 Aggregate transactions- 1,00,000 | HUF/Individuals: 1% Others: 2% |
| 194D | Resident | Insurance commission to: | ||
| a) Domestic Companies | 15,000 | 10% | ||
| b) Individuals | 15,000 | 5% | ||
| 194DA | Resident | Income for the Insurance Pay-out, While Payment of any sum in respect of a life insurance policy | 1,00,000 | 5% |
| 194E | NR Sport men, NR Sports Association, NR Entertainer | Payment to non-resident sports association/ sportsmen | No limit | 20% The rate will be subject to an additional surcharge and 4% cess. |
| 194EE | Resident, Non-Resident | National Savings Scheme | 2,500 | 10% |
| 194F | Payment for the re-purchase of the unit by Mutual Fund or UTI | No specified limit | 20% | |
| 194G | Resident, Non-Resident | Payments, Commission on the sale of lottery tickets | 15,000 | 5% |
| 194H | Resident | Commission or brokerage on other | 15,000 | 5% |
| 194-I | Resident | Rent : | ||
| 194-I(a)Rent on plant and machinery | 2,40,000 | 2% | ||
| 194-I(b) Rent on land/building/furniture/fitting | 2,40,000 | 10% | ||
| 194-IA | Resident | Payment on transfer of immovable property except agricultural land | 50,00,000 | 1% |
| 194-IB | Resident | Rent paid by HUF/Individual who is not required to conduct tax audit | 50,000 per month | 5% |
| 194-IC | Resident | Payment under JDA, Joint Development Agreements | No specified limit | 10 |
| 194J | Resident | Fees paid for – – Technical services – Royalty in nature of consideration for sale, Exhibition of cinematographic films – Operation of the call center. | 30,000 | 2% |
| 194J | Resident | Fees paid for any other professional services or technical service | 30,000 | 10% |
| 194J | Resident | Paid for Remuneration/Fee/Commission to a Director | 30,000 | 10% |
| 194LA | Resident | Compensation on acquiring certain an immovable property | 2,50,000 | 10% |
| 194M | Resident | Payment of Individual / HUF commission except income tax commission under Section 194C, 194H, and 194J | 50,00,000 | 5% |
| 194N | Resident, Non-Resident | Cash withdrawal exceeding a certain amount | Co-Operative Society: 3Crore Others: 1Crore | 2% |
| 194N | Resident, Non-Resident | Cash withdrawal from multiple bank accounts during the previous year | ||
| Amount exceeding 1 crore | 1 crore | 2% |
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