Rate of Tax Deduction at Source (TDS Chart) u/s 195 for the Financial Year 2024-25 - Income Tax - Ready Reckoner - Income Tax

Rate of Tax Deduction at Source (TDS Chart) under Section 195 In the case of a person other than a company Particulars TDS Rate ( i ) in the case of a non-resident Indian ( A ) on any investment income 20% ( B ) on income by way of long-term capital gains referred to in section 115E, for any transfer which takes place ( I ) before the 23rd day of July, 2024 10% ( II ) on or after the 23rd day of July, 2024 12.5% ( BA ) on income by way of long-term capital gains referred to in sub-clause ( iii ) of clause ( c ) of section 112( 1 ) , for any transfer which takes place ( I ) before the 23rd day of July, 2024 10% ( II ) on or after the 23rd day of July, 2024 12.5% (C ) on income by way of long-term capital gains referred to in section 112A exceeding one lakh twenty-five thousand rupees, for any transfer which takes place ( I ) before the 23rd day of July, 2024 10% ( II ) on or after the 23rd day of July, 2024 12.5% (D) on other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33) and (36) of section 10 ], for any transfer which takes place ( I ) before the 23rd day of July, 2024 20% ( II ) on or after the 23rd day of July, 2024 12.5% ( E ) on income by way of short-term capital gains referred to in section 111A , for any transfer which takes place ( I ) before the 23rd day of July, 2024 15% ( II ) on or after the 23rd day of July, 2024 20% (F) on 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% (G) on 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 section 115A(1A), to the Indian concern, or in respect of any computer software referred to in the second proviso to section 115A(1A), to a person resident in India 20% (H) on income by way of royalty [not being royalty of the nature referred to in sub-item above (G)] 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 20% (I) on 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 20% ( J ) on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort (other than winnings from online games) 30% ( K ) on income by way of winnings from horse races 30% ( L ) on income by way of net winnings from online games 30% ( M ) on the income by way of dividend, referred to in the proviso to sub-clause ( A ) of clause ( a ) of section 115A( 1 ) 10% ( N ) on income by way of dividend other than the income referred to in sub-item above ( M ) 20% ( O ) on the whole of the other income 30% ( ii ) in the case of any other person (A) on 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% (B) on 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 section 115A( 1A ) , to the Indian concern, in respect of any computer software referred to in the second proviso to section 115A( 1A ) , to a person resident in India 20% (C) on income by way of royalty [not being royalty of the nature referred to in sub-item above (B)] 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 20% (D) on 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 20% (E) on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort (other than winnings from online games) 30% ( F ) on income by way of winnings from horse races 30% (G) on income by way of net winnings from online games 30% (H) on income by way of short-term capital gains referred to in section 111A, for any transfer which takes place ( I ) before the 23rd day of July, 2024 15% ( II ) on or after the 23rd day of July, 2024 20% (I) on income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of section 112( 1 ) , for any transfer which takes place ( I ) before the 23rd day of July, 2024 10% ( II ) on or after the 23rd day of July, 2024 12.5% (J) on income by way of long-term capital gains referred to in section 112A exceeding one lakh twenty-five thousand rupees, for any transfer which takes place ( I ) before the 23rd day of July, 2024 10% ( II ) on or after the 23rd day of July, 2024 12.5% (K) on income by way of other long-term capital gains [not being long-term capital gains referred to in clauses (33) and (36) of section 10 ], for any transfer which takes place ( I ) before the 23rd day of July, 2024 20% ( II ) on or after the 23rd day of July, 2024 12.5% ( L ) on income by way of dividend, referred to in the proviso to sub-clause ( A ) of clause ( a ) of section 115A( 1 ) 10% ( M ) on income by way of dividend other than the income referred to in sub-item above ( L ) 20% ( N ) on the whole of the other income 30% In the case of a company, where the company is not a domestic company Particulars TDS Rate ( i ) on income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort (other than winnings from online games) 30% ( ii ) on income by way of winnings from horse races 30% ( iii ) on income by way of net winnings from online games 30% (iv) on 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% (v) on 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 after the 31st day of March, 1976 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 section 115A( 1A ) , to the Indian concern, or in respect of any computer software referred to in the second proviso to section 115A( 1A ) , to a person resident in India 20% (vi) on income by way of royalty [not being royalty of the nature referred to in item above (v)] 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 ( A ) where the agreement is made after the 31st day of March, 1961 but before the 1st day of April, 1976 50% ( B ) where the agreement is made after the 31st day of March, 1976 20% (vii) on 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 ( A ) where the agreement is made after the 29th day of February, 1964 but before the 1st day of April, 1976 50% ( B ) where the agreement is made after the 31st day of March, 1976 20% ( viii ) on income by way of short-term capital gains referred to in section 111A , for any transfer which takes place ( I ) before the 23rd day of July, 2024 15% ( II ) on or after the 23rd day of July, 2024 20% ( ix ) on income by way of long-term capital gains referred to in sub-clause ( iii ) of clause ( c ) of section 112( 1 ) , for any transfer which takes place ( I ) before the 23rd day of July, 2024 10% ( II ) on or after the 23rd day of July, 2024 12.5% ( x ) on income by way of long-term capital gains referred to in section 112A exceeding one lakh twenty-five thousand rupees, for any transfer which takes place ( I ) before the 23rd day of July, 2024 10% ( II ) on or after the 23rd day of July, 2024 12.5% ( xi ) on income by way of other long-term capital gains [not being long-term capital gains referred to in clauses ( 33 ) and ( 36 ) of section 10 ], for any transfer which takes place ( I ) before the 23rd day of July, 2024 20% ( II ) on or after the 23rd day of July, 2024 12.5% ( xii ) on income by way of dividend, referred to in the proviso to sub-clause ( A ) of clause ( a ) of section 115A( 1 ) 10% ( xiii ) on income by way of dividend other than the income referred to in item above ( xii ) 20% ( xiv ) on any other income 35% Applicable surcharge Rate Particulars Threshold limit Rate of Surcharge In the case of every co-operative society, being a non-resident where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 1 crore but does not exceed Rs. 10 crore 7% where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 10 crore 12% I n the case of an association of persons being a non-resident, and consisting of only companies as its members where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 50 lakh but does not exceed Rs. 1 crore 10% where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 1 crore 15% In the case of every firm, being a non-resident where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 1 crore 12% in the case of every company other than a domestic company where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 1 crore but does not exceed Rs. 10 crore 2% where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 10 crore 5% In the case of the following person mentioned below, being a non-resident individual or Hindu undivided family or association of persons, except in case of an association of persons consisting of only companies as its members, or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 , 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 ) paid or likely to be paid and subject to the deduction exceeds Rs. 50 lakh but does not exceed Rs. 1 crore 10% 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 ) paid or likely to be paid and subject to the deduction exceeds Rs. 1 crore but does not exceed Rs. 2 crore 15% where the income or the aggregate of such incomes ( Excluding the income by way of dividend or income under the provisions of sections 111A , 112 and 112A ) paid or likely to be paid and subject to the deduction exceeds Rs. 2 crore but does not exceed Rs. 5 crore 25% where the income or the aggregate of such incomes ( Excluding the income by way of dividend or income under the provisions of sections 111A , 112 and 112A ) paid or likely to be paid and subject to the deduction exceed Rs. 5 crore 37% 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 ) paid or likely to be paid and subject to the deduction exceeds Rs.2 crore where the total income includes any income by way of dividend or income under the provisions of sections 111A , 112 and 112A , the rate of surcharge on the amount of Income-tax deducted in respect of that part of income where the income of such person is chargeable to tax under section 115BAC(1A) 15%