THE FOURTH SCHEDULE
[See sections 195(3) and (4), 314(187)(b)]
(Rates for deduction of tax at source in the case of non-resident deductee)
|
Serial number |
Nature of payment (Specified payment) |
Rate |
|
(1) |
(2) |
(3) |
|
1. |
Income from employment |
The average rate of income-tax on estimated income from employment during the financial year, computed on the basis of the rates specified in Part 1 of the First Schedule |
|
2. |
Payment by way of
(i) interest; or
(ii) dividends on which dividend distribution tax has not been paid under section 109; or
(iii) profit distributed by a fund on which tax on distributed income has not been paid under section 110. |
20 per cent. |
|
3. |
Payment by way of royalty or fees for technical services. |
20 per cent. |
|
4. |
Winnings from lotteries, crossword puzzles, card games or any other game or gambling or betting. |
30 per cent. |
|
5. |
Winnings from horse races (not related to the activity of owning and maintaining race horses). |
30 per cent. |
|
6. |
Payment to a non-resident sportsperson (not being a citizen of India) by way of
(i) participation in India in any game or sport (other than winnings referred to at serial numbers 4 and 5);
(ii) advertisement; or
(iii) contribution of articles relating to any game or sport in newspapers, magazines or journals in India |
10 per cent.
|
|
7. |
Payment by way of guarantee money to a non-resident sports association or institution in relation to any game or sports played in India |
10 per cent. |
|
8. |
Any other sum chargeable to tax. |
30 per cent. |
