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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 ..... 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 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% ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en sportsman / entertainer or non -resident sports association 20% 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, magazines, journaals relating to game or sports in India 2) Income received for performing in India by NR Entertainer (who is not a citizen of India) 194EE Payment for National Saving Scheme, 1987 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... received or receivable from a special purpose vehicle; Resident Non-Resident -Or, dividend referred to in sub-section (7) of section 115-O Resident Non-Resident 10% 5% 10% 10% - 194LBA Distribution of rental income by business trust/REIT to unit holders -Other than Comapany Resident Non-Resident - Company Resident Non-Resident 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 n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ₹ 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 ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Explanation to clause (35) of section 10 20% 196B Income from units to an offshore fund 10% 196C Income from foreign currency bonds or GDR of an Indian company 10% 196D Income of foreign Institutional Investors from securities (not being dividend or capital gain) 20% 1. Surcharge: 1.1 No Surcharge on TDS in case of payment is made to Resident or Domestic Company [Other than salary] 1.2 Non Resident Individual / HUF/AOP/BOI / Artificial Jurisdical Personal Add Surcharge - 10% if income paid or likely to be paid exceeds ₹ 50 Lakhs but does not exceed 1 Crores Add Surcharge - 15% if income paid or likely to be paid exceeds ₹ 1 Crores Add Surcharge - 25% if income paid or likely to be paid exceeds ₹ 2 Crores Add Surcharge - 37 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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