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TMI BlogRate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2025-26X X X X Extracts X X X X X X X X Extracts X X X X ..... end is paid/credited by SPV to Business Trust 194A Interest (Other Interest on Securities) 10% Threshold Limit For other than Senior Citizen, w.e.f. 01.04.2025 * (a) Rs. 50,000/- where the payer is a banking company. * (b) Rs. 50,000/- where the payer is a co-operative society engaged in carrying on the business of banking referred to in clause (v) and clause (viia) of section 194A(3); * (c) Rs. 50,000/- on any deposit with post office under any scheme framed by the Central Government and notified by it in this behalf; and * (d) Rs. 10,000/- in any other case Threshold Limit For Senior Citizen, w.e.f. 01.04.2025 * (a) Rs. 1,00,000/- where the payer is a banking company. * (b) Rs. 1,00,000/- where the payer is a co-operative society engaged in carrying on the business of banking referred to in clause (v) and clause (viia) of section 194A(3) ; * (c) Rs. 1,00,000/- on any deposit with post office under any scheme framed by the Central Government and notified by it in this behalf; and * (d) Rs. 10,000/- in any other case 194B Winnings from lottery or crossword puzzle, etc. 30% The threshold limit applying on in respect of single tra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... du undivided family or an association of persons or a body of individuals, if such person * does not fall under any of the preceding sub-clauses (i.e. any firm); and * has total sales, gross receipts or turnover from business or profession carried on by him exceeding one crore rupees in case of business or fifty lakh rupees in case of profession during the financial year immediately preceding the financial year 194D Insurance Commission 2% [ w.e.f. 01.04.2025 ] Aggregate of the amounts exceeds Rs. 20,000/- if recipient is a resident other than a company. [ w.e.f. 01.04.2025 ] 10% Aggregate of the amounts exceeds Rs. 20,000/- if recipient is a domestic company [ w.e.f. 01.04.2025 ] 194DA Payment of Life Insurance Policy including bonus 5% - [From 01.09.2019 to 30.09.2024 ] 2% -[From 01.10.2024 Amended vide Finance (No. 2) Act, 2024 ] The aggregate amount of payments to the payee during the financial year exceeds 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 s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2% - [ From 01.10.2024 Amended vide Finance (No. 2) Act, 2024 ] Exceeding Rs. 50,000/- for a month or part of a month during the previous year. 194IC Payment under specified agreement [Joint Development agreement u/s 45(5A) ] [w.e.f. 1.6.2017] 10% 194J (i) Payment for Professional Fees / Royalty other than specified in (iii) of Section 194J / Non-Competent Fee 10% -Rs. 50,000 /-for each services [From 01.04.2025 ] (ii)Technical services (w.e.f. 01.04.20) 2% (iii) Royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films (w.e.f. 01.04.20) 2% (iv) In case of a payee, engaged only in the business of operation of call centre (w.e.f. 01.06.17) 2% (v) Any remuneration, Fees or Commission to a director [w.e.f. 1.7.2012] 10% 194K Payment of any income in respect of * (a) units of a mutual fund as per section 10(23D); or * (b) the units from the administrator; or * (c) units from specified company (w.e.f. 01.04.2020) 10% Rs. 10,000/- [From 01.04.2025 ] 194LA Compensation to a resident on acquisition of certain ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ident (not being a company) or foreign company, in respect of an investment in a securitisation trust specified in clause (d) of the Explanation occurring after section 115TCA In Case non-resident (Other than company) - 30% (+HEC +SC ) In case foreign company - 35% (+HEC +SC ) Note:- As per Part II of Schedule First of Finance Act, 2025 194LC Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond) [Rate+ SC+HEC] 5%*/4%** /9%*** Income by way of interest payable by the specified company or the business trust *In respect of monies borrowed by it in foreign currency from a source outside India,- (a) under a loan agreement at any time on or after the 1st day of July, 2012 but before the 1st day of July, 2023; or (b) by way of issue of long-term infrastructure bonds at any time on or after the 1st day of July, 2012 but before the 1st day of October, 2014; or (c) by way of issue of any long-term bond including long-term infrastructure bond at any time on or after the 1st da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mount of such sales or services or both. If No PAN quoted by deductee than rate of TDS will be 5% 194P TDS in case of specified senior citizen staff pensioners Slab rate * An Individual having age of 75 years or more. * Such person has staff pension income and no other income except interest received or receivable by such person in the same specified bank (SBI) in which he/she is receiving pension income .i.e. such pensioner is not getting any type of income from any other bank. * Such person has furnished a declaration in the prescribed form to bank. 194Q Purchase of Goods (w.e.f.01/07/2021, if purchases are above Rs. 50 Lakhs) 0.1% of sum in excess of Rs. 50 Lakhs * 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 section 206C and 194Q applies, TCS to be collected u/s 206C. * 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 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 provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cipient of income is a specified fund, surcharge & health and education cess shall be nil. 10% 1. Surcharge: 1.1 No Surcharge on TDS in case of payment is made to Resident or Domestic Company [Other than salary] 1.2 Applicable surcharge Rate :- In cases in which tax has to be deducted under sections 192A, 194, 194C, 194DA, 194E, 194EE, 194G, 194H, 194-I, 194-IA, 194-IB, 194-IC, 194J, 194LA, 194LB, 194LBA, 194LBB, 194LBC, 194LC, 194LD, 194K, 194M, 194N, 194-O, 194Q, 194R, 194S, 194T, 196A, 196B, 196C and 196D of the Income-tax Act, the deductions shall be made at the rates specified in those sections and shall be increased by a surcharge. Particulars Threshold limit Rate of Surcharge In the case of the following person mentioned below, being a non-resident, Except in case of deduction on income by way of dividend under section 196D of the Income-tax Act * 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 j ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ject to the deduction exceeds Rs. 10 crore 12% 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% 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: * 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 PA ..... X X X X Extracts X X X X X X X X Extracts X X X X
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