|
Nature of Payment
|
Basic Cut off (Rs)
|
Individual /Company and others New Rate %)
|
If No Pan or Invalid PAN (Rate %)
|
|
192 – Salaries
|
Slab Rate
|
Slab Rates
|
30%
|
|
192A- Premature withdrawal from Employee Provident Fund (Note 1)
|
50,000
|
Individual: 10% Company: NA
|
20%
|
|
193 – Interest on securities (Note 2)
|
2,500
|
Individual: 10% Company: 10%`
|
20%
|
|
194 – Dividend other than the dividend as referred to in Section 115-O
|
5,000
|
Individual: 10% Company: 10%
|
20%
|
|
194A – Interest other than interest on securities – Banks Time deposits, Recurring deposit and Deposit in Co-op Banks (Note 3)
|
40,000 (for individual) 50000 (for Senior Citizens)
|
Individual: 10%
|
20%
|
|
194B – Winning from Lotteries
|
10,000
|
Individual: 30% Company: 30%
|
30%
|
|
194BB – Winnings from Horse Race
|
10,000
|
Individual: 30% Company: 30%
|
30%
|
|
194C- Payment to Contractor – Single Transaction (Note 3)
|
30,000
|
Individual: 1% Company: 2%
|
20%
|
|
194C-Payment to Contractor – Aggregate During the Financial year (Note 3)
|
1,00,000
|
Individual: 1% Company: 2%
|
20%
|
|
194C- Contract – Transporter not covered under 44AE (Note 3 & 4)
|
30,000 / 75,000
|
Individual: 1% Company: 2%
|
20%
|
|
194C- Contract – Transporter covered under 44AE & submit declaration on prescribed form with PAN
|
–
|
–
|
20%
|
|
194D – Insurance Commission
|
15,000
|
Individual: 5% Company: 5%
|
20%
|
|
194DA Payment in respect of life insurance policy (Note 5)
|
1,00,000
|
Individual: 5% Company: 5%
|
20%
|
|
194E – Payment to Non-Resident Sportsmen or Sports Association
|
–
|
Individual: 20% Company: 20%
|
20%
|
|
194EE – Payments out of deposits under National Savings Scheme
|
2,500
|
Individual: 10% Company: 10%
|
20%
|
|
194F – Repurchase Units by MFs
|
–
|
Individual: 20% Company: 20%
|
20%
|
|
194G – Commission – Lottery
|
15,000
|
Individual: 5% Company: 5%
|
20%
|
|
194H – Commission / Brokerage (Note 3)
|
15,000
|
Individual: 5% Company: 5%
|
20%
|
|
194I – Rent – Land and Building – furniture – fittings (Note 3)
|
2,40,000
|
Individual: 10% Company: 10%
|
20%
|
|
194I – Rent – Plant / Machinery / equipment (Note 3)
|
2,40,000
|
Individual: 2% Company: 2%
|
20%
|
|
194IA -Transfer of certain immovable property other than agriculture land
|
50,00,000
|
Individual: 1% Company: 1%
|
20%
|
|
194IB – Rent – Land or building or both
|
50,000 per month
|
Individual: 5%
|
20%
|
|
194IC – Payment of Monetary consideration under Joint development agreement
|
–
|
Individual: 10% Company: 10%
|
20%
|
|
194J – Professional Fees for technical services (w.e.f. from 1.4.2020) (Note 3 and 6)
|
30,000
|
Individual: 2% Company: 2%
|
20%
|
|
194J – Professional Fees in all other cases (Note 3)
|
30,000
|
Individual: 10% Company: 10%
|
20%
|
|
194K- Payment of any income in respect of Units of Mutual fund as per section 10(23D) or Units of administrator or from a specified company (Note 7)
|
–
|
Individual: 10% Company: 10%
|
20%
|
|
194LA – TDS on compensation for compulsory acquisition of immovable Property (Note 8)
|
2,50,000
|
Individual: 10% Company: 10%
|
20%
|
|
194 LBA (1)- Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders. (Note 9)
|
|
Individual: 10% Company: 10%
|
20%
|
|
194LB – Income by way of interest from infrastructure debt fund (non-resident)
|
–
|
Individual: 5% Company: 5%
|
20%
|
|
194LBB – Income in respect of investment in Securitisation trust.
|
–
|
Individual: 10% Company: 30%
|
30%
|
|
194LBC- Income in respect of investment made in a securitisation trust
|
–
|
Individual: 25% Company: 30%
|
30%
|
|
194 LC – 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 (Note 10)
|
–
|
Individual: 5% Company: 5%
|
20%
|
|
194LD – Interest on certain bonds and govt. Securities (Note 11)
|
–
|
Individual: 5% Company: 5%
|
20%
|
|
194M – Payment of Commission, brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J.
|
50,00,000
|
Individual: 5% Company: 5%
|
20%
|
|
194N – Cash withdrawal in excess of Rs. 20 Lakh during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office.
|
20,00,000
|
Individual: 2% Company: 2%
|
20%
|
|
194N – Cash withdrawal in excess of Rs. 1 crore during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office. (Note 12)
|
100,00,000
|
Individual: 2% Company: 2%
|
20%
|
|
194O – Applicable for E-Commerce operator for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform.
|
–
|
Individual: 1% Company: 1%
|
20%
|
|
194P- TDS by specified bank to specified senior citizen
|
–
|
Rates applicable to particular slab of income including applicable Surcharge and Health & Education Cess
|
|
|
194Q- Purchase of goods
|
50,00,000
|
0.1%
|
|
|
194R- Deduction of tax on benefit of perquisite in respect of business or profession (New Budget 2022)
|
Resident Indiviual: 20,000
|
10%
|
|
|
194S- Transfer of a virtual
digital asset (New Budget 2022)
|
Resident Individual & HUF: 50,000
Others: 10,000
|
1%
|
|
|
195- Payment of any sum to Non-resident
|
–
|
–
|
Higher of Rate in force or Double Taxation Avoidance Act rate
|
|
196B – Income from units
|
–
|
Individual: 10% Company: 10%
|
20%
|
|
196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)
|
–
|
Individual: 10% Company: 10%
|
20%
|
|
196D – Income of FIIs from securities
|
–
|
Individual: 20% Company: 20%
|
20%
|
