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TMI BlogRate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2024-25X X X X Extracts X X X X X X X X Extracts X X X X ..... 77; 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 beneficial 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 scheme framed by the Central Government and notified by it in this behalf; and (FA, 2019) (d) ₹ 5,000/- in any other case (e) For a senior citizen, the threshold limit will be ₹ 50,000/- (FA, 2019) 194B Winnings from lottery or crossword puzzle, etc. 30% ₹ 10,000 [Proviso Inserted by FA, 2023 this section shall not apply to winnings from any online game on or after the 01-04-2023]. 194BA Winnings from online games Rate in Force @ 30% On net winnings at the time of withdrawal from user account [Inserted by FA, 2023, w.e.f., 01-04-2023.] 194BB Winning for horse rac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .2024 Amended vide Finance (No. 2) Act, 2024 ] 194G Commission, remuneration or prize on sale of lottery ticket 5% - [ Upto 30.09.2024 ] 2% - [From 01.10.2024 Amended vide Finance (No. 2) Act, 2024 ] ₹ 15,000 194H Commission or Brokerage (Other) 5% - [ Upto 30.09.2024 ] 2% - [From 01.10.2024 Amended vide Finance (No. 2) Act, 2024 ] ₹ 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% ₹ 50,00,000 From 01.10.2024 - where there is more than one transferor or transferee in respect of any immovable property, then the consideration shall be the aggregate of the amounts paid or payable by all the transferees to the transferor or all the transferors for transfer of such immovable property. [ Inserted vide Finance (No. 2) Act, 2024 ] 194IB Payment of rent by certain individuals or Hindu undivided family. [w.e.f. 1.6.2017] 5% - [ Upto 30.09.2024 ] 2% - [From 01.10.2024 Amended vide Finance (No. 2) Act, 2024 ] ₹ 50,000 194I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... curities 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 by Individual/HUF 5% - [ Upto 30.09.2024 ] 2% - [From 01.10.2024 Amended vide Finance (No. 2) Act, 2024 ] ₹ 50,00,000 194N Payment of certain amount in cash Amount is more than Rs.20 lakh but up to Rs. 1 crore Amount exceeds Rs. 1 crore (Applicable from 01.07.2020) Amount exceeds ₹ 3 crore (Amended by FA, 2023, In case of Co-operative society) 2% 5% According to section 194N of the Act, TDS has to be deducted if a sum or aggregate of sum withdrawn in cash by a person in a particular FY exceeds : -₹ 20 lakh (if no ITR has been filed for all the three previous AYs), or -₹ 1 crore (if ITRs have been filed for all or any one of three previous AYs). 194O Applicable for e-commerce operator for the sale of goods or provision of services facilitated by it through its digital or electronic facility or platform (Applicable from 01.10.2020) 1% - [ U ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tment made by an NRI Long-term capital gain- Under Section - 115E /112(1)(c)(iii)/112A - Any Other Gains Short-term capital gain - 111A Royalty Fees for Technical Services Interest income payable by Govt./Indian concern (other than section 194LB or 194LC Any Other Income - Other than Company - Company 20% 10% [Upto 22.07.2024]/ 12.5% [ From 23.07.2024 ] 20% 15% 10% 10% 20% 30% 40% 196A Income in respect - of units of a Mutual Fund specified u/s 10(23D); or - from the specified company referred to in the Explanation to section 10(35) 20% [ Proviso Inserted by FA, 2023, - where an agreement referred to in section 90(1) or section 90A(1) applies to the payee and if the payee has furnished a certificate referred to in section 90(4) or section 90A(4), as the case may be, then, income-tax thereon shall be deducted at the rate of 20% or at the rate or rates provided in such agreement, whichever is lower. ] 196B Income from units to an offshore fund 10% [ Upto 22/07/2024 ] 12.5% - [ From 23/07/2024 Amended vide Finance (No. 2) Act, 2024 ] 196C Income from foreign currency bonds or GDR of an Indian company 10% - [ Upto 22/07/2024 ] 12.5% - [ From 23/07/2024 Amended vide Finance (No. 2) Act, ..... 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