TMI BlogRate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2022-23X X X X Extracts X X X X X X X X Extracts X X X X ..... debentures of a company(other than demat form), any other interest on securities 193 Interest on other Securities 10% ₹ 10,000 in case of 8% Savings (Taxable) Bonds, 2003 ₹ 10,000 in case of 7.75% Savings (Taxable) Bonds, 2018 during the financial year 194 Dividends 10% ₹ 5,000 -No TDS if payment made to Individual by any mode other than cash payment is upto ₹ 5,000. -No TDS if dividend is to LIC, GIC or any other insurer provided shares are owned by them, or they have full benefical interest in such shares -No TDS if Dividend is paid/credited by SPV to Business Trust 194A Interest (Other Interest on Securities) 10% (a) ₹ 40,000/- where the payer is a banking company ( FA, 2019 ) (b) ₹ 40,000/- where the payer is a co-operative society engaged in carrying on the business of banking; ( FA, 2019 ) (c) ₹ 40,000/- on any deposit with post office under any sche ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 987 10% ₹ 2500 194F Payment for repurchase of units 20% - 194G Commission, remuneration or prize on sale of lottery ticket 5% ₹ 15,000 194H Commission or Brokerage (Other) 5% ₹ 15,000 194I Rent on land, building or furniture 10% ₹ 2,40,000 194I Rent on plant, machinery or equipment 2% ₹ 2,40,000 ( FA, 2019 ) 194IA Payment / credit of consideration to a resident transferor for transfer of immovable property (other than rural agricultural land) [w.e.f. 1.6.2013] 1% If value of transfer of property exceeds ₹ 50,00,000 - TDS to be deducted @1% of sum paid or credited to the resident or the stamp duty value of such property ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ident 10% 30% 10% 40% - 194LBB Income in respect of units of investment fund -Other than Company Resident Non-Resident -Company Resident Non-Resident 10% 30% 10% 40% - 194LBC Income in respect of investment in securitization fund -Individual/HUF Resident Non-Resident -Company Resident Non-Resident-Other Person Resident Non-Resident 25% 30% 30% 40% 30% 30% 194LC Income by way of interest by an Indian specified company to a non-resident/foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India [Rate+ SC+HEC] 5% 194LC Income by way of interest by an Indian specified company on rupee denominated bond / an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are above ₹ 50Lakhs) 0.1% of sum in excess of ₹ 50Lakhs -Any Buyer whose T/o in last year was more than ₹10 Crore will deduct TDS of Resident seller. -In case of a transaction to which both sec 206C(1H) and 194Q applies, TDS to be deducted u/s 194Q -in case of a transaction to which both ection 206C(1)/(1F)/(1G) and 194Q applies, TCS to be collected u/s 206C(1)/(1F)/(1G. -In case of transaction t which both 194) 194Q applies, TDS to be deducted u/s 194O -If PAN of payee is not available, tax will be deducted u/s 194O 194Q at the rate of 5%. 194R Perquisite or benefit to a business or profession 10% ₹20,000 - TDS should be deducted by any person who provides perks or benefits, whether convertible into money or not, to any resident including Individual/HUF for carrying out any business or profession by such resident. 194S TDS on the transfer of virtual digital assets (Crypto Income) 1% -Specified Person ₹50,000 if any individual or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Surcharge - 12% in case of payment is made or likely to be made to Non Resident other than Foreign Company exceeds ₹ 1 Crore. Non Resident company Add Surcharge - 2% if the recipient is a foreign company and amount exceeds or likely to exceed ₹ 1 Crore to ₹ 10 Crore. In case of an amount more than ₹ 10 Crore, 5% 2. Cess No Cess on TDS in case of payment is made to Resident or Domestic Company [Other than Salary] Health and Education Cess - @4% of Income Tax Further Notes: 1. Self Declaration - Tax (TDS) is not deductible under section 192A , 193 , 194 , 194A , 194D , 194DA , 194-I, or 194EE or 194K if the recipient makes a declaration in Form 15G / 15H under the provisions of section 197A . But, the person seeking to furnish Form 15G / 15H must have PAN number on or after 1.4.2010. 2. Certificate from AO - Under Section 197 - A person can apply to AO and seek a certificate in Form 13 for no deduction of TDS or deduction of TDS at lower rates under sections192 , 19 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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