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TMI BlogRate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2023-24X X X X Extracts X X X X X X X X Extracts X X X X ..... of Interest on securities for money issued by or on behalf of any local authority/statutory corporation, listed debentures of a company(other than demat form), any other interest on securities [Inserted by FA, 2023 - Interest payable to Business Trust by SPV] 193 Interest on other Securities 10% Rs. 10,000 in case of 8% Savings (Taxable) Bonds, 2003 Rs. 10,000 in case of 7.75% Savings (Taxable) Bonds, 2018 during the financial year 194 Dividends 10% Rs. 5,000 * No TDS if payment made to Individual by any mode other than cash & payment is upto Rs. 5,000. * No TDS if dividend is to LIC, GIC or any other insurer provided shares are owned by them, or they have full beneficial interest in such shares * No TDS if Dividend is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rriage at any time during the previous year & upon furnish a Declaration alongwith PAN number of the GTA 194D Insurance Commission 5% Rs. 15,000, if recipient is a resident (other than a company) 10% Rs. 15,000, if recipient is a domestic company 194DA Payment of Life Insurance Policy including bonus 5% Rs. 1,00,000 * No TDS if maturity amount exempt U/s 10(10D) * TDS to be deducted at the time of payment. 194E Payment to a non-resident foreign citizen sportsman / entertainer or non -resident sports association 20% 1) Income received by NR Sportsmen (who is not citizen of India) by way of: * Participation in any game or sport in India. * Advertisement * Contribution of article in newspapers, magazin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or * (c) units from specified company * (w.e.f. 01.04.2020) 10% Rs. 5,000 194LA Compensation to a resident on acquisition of certain immovable property other than agricultural land. (TDS exempted if covered under RFCTLARR Act w.e.f. 01.04.2017) 10% Rs. 2,50,000 194LB Interest payable to non-resident by an infrastructure debt fund [Rate+ SC+HEC] 5% - 194LBA Income from units of business trust - interest received or receivable from a special purpose vehicle; Resident Non-Resident -Or, dividend referred to in section 115-O(7) Resident Non-Resident ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... long term bond or rupee denominated bond on or after 1-7-2023, Amended by FA, 2023, w.e.f., 01-07-2023]. 194LC Income by way of interest by an Indian specified company on rupee denominated bond / any long-term bonds from outside India, which is listed only on a recognized stock exchange located in any International Financial Services Centre. [Rate+ SC+HEC] 5% 194LD Interest on Bonds / Government Securities payable to a foreign institution investor or a qualified foreign investor [Rate+ SC+HEC] 5% Income by way of interest shall be interest payable on or after 1/6/2013 but before 1/7/2020 in respect of investment made by the payee in a rupee denominated bond of Indian Company/Government security. 194M Certain payments ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ess of Rs. 50Lakhs * Any Buyer whose T/o in last year was more than Rs.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 section 206C(1)/(1F)/(1G) and 194Q applies, TCS to be collected u/s 206C(1)/(1F)/(1G). * In case of transaction which both 194O & 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% Rs.20,000 - TDS should be deducted by any person who provides perks or benefits, whether convertible into money or not, to any resident including In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of payment is made to Resident or Domestic Company [Other than salary] 1.2 Non Resident Individual / HUF/AOP/BOI / Artificial Juridical Personal * Add Surcharge - 10% if income paid or likely to be paid exceeds Rs. 50 Lakhs but does not exceed 1 Crores * Add Surcharge - 15% if income paid or likely to be paid exceeds Rs. 1 Crores * Add Surcharge - 25% if income paid or likely to be paid exceeds Rs. 2 Crores * Add Surcharge - 37% if income paid or likely to be paid exceeds Rs. 5 Crores Non resident co-operative society / firm Add Surcharge - 12% in case of payment is made or likely to be made to Non Resident other than Foreign Company exceeds Rs. 1 Crore. Non Resident ..... X X X X Extracts X X X X X X X X Extracts X X X X
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