IncomeTax Department 

GovernmentofIndia 

Rates fortaxdeduction atsource 

[ForAssessment year 2025-26] 

TDSRates (in%) 

Particulars 

1. In thecaseofapersonotherthan acompany 

1.1wherethepersonisresident inIndia- 

Section192:Payment of salary 

Section 192A:Paymentofaccumulatedbalance ofprovidentfund whichistaxable inthe handsofanemployee. 

Section 193: Interestonsecurities 

NormalSlabRate 

10 

1. a)anydebentures or securitiesformoneyissuedby oronbehalfofanylocal authorityoracorporation establishedbya Central, StateorProvincial Act; 

10 

1. b)anydebenturesissued by acompanywheresuchdebentures are listedonarecognised stockexchangeinaccordancewith theSecurities Contracts(Regulation)Act,1956 (42 of1956)and anyrules madethereunder; 

10 

1. c)any securityoftheCentralorState Government; 

[i.e.8%Savings (Taxable) Bonds,2003 and 7.75%Saving(Taxable)Bonds, 2018] 

1. d)intereston anyother security 

10 

10 

Section194:Incomebywayof dividend 

10 

Section 194A:Incomeby wayof interestotherthan“Interestonsecurities” 

10 

Section 194B:Income bywayofwinningsfrom lotteries,crosswordpuzzles,card gamesand othergamesofanysort, or fromgamblingorbetting ofany formor naturewhatsoever. 

30 

30 

30 

Section 194BA:Incomebyway of winningsfrom any online game 

Section 194BB:Incomeby way ofwinningsfrom horse races 

Section 194C: Paymentto contractor/sub-contractor 

1. a)HUF/Individuals 
2. b)Others 

Section194D:Insurance commission 

Section 194DA:Payment in respect oflifeinsurancepolicy 

about:blank 

1 

2 

5 

5 

1/10 

 

Income Tax Department 

w.e.f. 1/9/2019, the taxshallbededucted ontheamountofincomecomprised ininsurancepay-out 

Section 194EE:Paymentinrespect ofdeposit underNationalSavings scheme 

Section194F:Payment onaccount of repurchase ofunitby Mutual Fund orUnitTrustof India 

Section 194G:Commission,etc., on saleoflottery tickets 

Section 194H:Commissionorbrokerage 

Section194-I:Rent 

1. a)Plant&Machinery 
2. b)Landorbuildingor furniture orfitting 

Section194–IA:Payment on transfer of certainimmovableproperty otherthan agricultural land 

Section 194–IB:Payment of rent by individualorHUFnotliabletotax audit 

Section 194–IC:Payment ofmonetaryconsideration underJointDevelopment Agreements 

10 

20 

5 

5 

2 

10 

1 

5 

10 

Section 194J: Feesforprofessionalor technicalservices: 

1. i)sum paid orpayabletowardsfeesfortechnical services 

2 

2 

1. ii) sum paidorpayabletowardsroyaltyinthenatureof consideration forsale, 

distribution orexhibition ofcinematographic films; 

10 

iii)Anyothersum 

Note:Witheffect fromJune1,2017the rateofTDSwouldbe2%incaseofengagedinbusiness of operationof callcenter. 

payee 

Section194K:Income inrespectofunits payableto residentperson 

10 

10 

Section 194LA:Paymentof compensation on acquisition ofcertainimmovableproperty 

Section 194LBA(1):Business trustshalldeducttaxwhiledistributing, any interest received orreceivableby it from a SPV oranyincomereceived from renting orleasingor letting out any real estate assetowneddirectly by it, toits unitholders. 

Section 194LBB:Investment fund paying an income to aunitholder [otherthanincome whichisexempt underSection10(23FBB)] 

Section 194LBC:Incomein respect of investment made in a securitisationtrust(specifiedinExplanationofsection115TCA) 

10 

10 

25incaseof IndividualorHUF 

Section 194M:Payment of commission (notbeinginsurancecommission),brokerage,contractual fee, professional feeto aresident person byanIndividualor aHUF whoarenotliable todeductTDSundersection194C,194H,or194J. 

Taxshall bededucted underSection194Mwith effectfrom1/09/2019whenaggregateofsumcreditedorpaidduring afinancialyearexceedsRs. 50lakh. 

30incase ofother 

person 

5 

 

2/10 

Income Tax Department 

Section 194N:Cash withdrawalduringthepreviousyear from one or moreaccountmaintainedby a personwitha bankingcompany, co–operative society engaged inbusinessofbankingor apost office: 

1. i)inexcess ofRs.1crore# 
2. ii) in excessofRs.20lakhs* 

* forthose personswho havenotfiled return ofincome (ITR)forthreepreviousyears immediatelyprecedingtheprevious yearin which cash is withdrawn,and theduedatefor filing ITR undersection139(1)hasexpired. The deduction oftaxunder thissituationshallbe at therateof: 

1. a)2% fromtheamountwithdrawnincashiftheaggregateof the amount of 

withdrawalexceedsRs.20 lakhsduringthepreviousyear; or 

1. b) 5% from the amount withdrawn in cash if the aggregate of the amount of 

withdrawal exceedsRs. 1 croreduringthepreviousyear. 

#The thresholdlimitofRs. 1croreis increasedto Rs. 3croresifthe withdrawalof 

cash is madebyco-operativesociety. 

Section 194-0:Payment or credit ofamountby the e-commerceoperator to e-commerceparticipant 

2 

2/5 

1 

Section194P:Deduction oftax byspecifiedbank incase ofsenior citizenhavingage Taxontotal incomeof 75ormore 

as perrate inforce 

Section 194Q:Paymentforpurchase ofgoodsof theaggregatevalue exceedingRs.50lakhs 

0.1 

Note:TDS isdeductibleon sumexceedingRs. 50lakhs 

Section 194R:Deduction of taxincase anybenefit or perquisite isprovidedandaggregatevalueof suchbenefit/perquisiteexceedsRs. 20,000 

10 

Note: Benefit or perquisite should bearisingfrom businessortheexercise ofaprofession by suchresident. 

Section 194S:Paymenton transferofVirtual Digital Asset 

1 

Note: Notax shallbe deducted underthisprovisioninthe following circumstance: 

• Iftheconsideration is payablebyany person(otherthan aspecifiedperson)andits aggregatevalue does notexceedRs. 10,000during thefinancialyear. 
• ifthe consideration is payablebyaspecifiedpersonandits aggregatevalue doesnotexceedRs.50,000duringthefinancial year. 

Specifiedpersonmeans: 

(a)Anindividual or aHUF, whose total sales, gross receipts or turnover does notexceedRs. 1 croreincaseofbusinessorRs. 50lakhsin caseof aprofession,duringthefinancialyear immediatelyprecedingthefinancial yearin which virtualdigitalasset is transferred; 

(b)Anindividual oraHUFwho doesnot haveanyincome underthehead profits andgainsof businessorprofession. 

AnyOtherIncome 

 

10 

3/10 

3/22/24, 7:05 PM 

1.2 where theperson isnotresidentin India*– 

Section192:PaymentofSalary 

IncomeTaxDepartment 

Section192A:Paymentofaccumulated balanceof providentfundwhich is taxable in the handsof anemployee. 

Normal SlabRate 

10 

Section 194B:Incomebyway ofwinningsfrom lotteries,crosswordpuzzles, cardgames and othergamesof anysortor fromgamblingor betting of anyform or naturewhatsoever. 

30 

Section 194BA:Income bywayofwinnings from any online game 

Section 194BB:Income bywayofwinningsfromhorseraces 

Section 194E:Paymenttonon-resident sportsmen/sportsassociation 

Section 194EE:Payment inrespectofdepositsunderNational SavingsScheme 

Section194F:Paymentonaccountofrepurchaseofunitby MutualFund orUnitTrustof India 

Section 194G:Commission,etc.,onsaleof lotterytickets 

Section 194LB:Paymentofinterestoninfrastructuredebtfund 

Sec. 194LBA(2):Paymentof the naturereferredto inSection 10(23FC)(a). 

Section 194LBA(2):Payment ofthe naturereferredto inSection10(23FC)(b). 

Section 194LBA(3):Payment ofthe naturereferredtoinsection 10(23FCA)bybusinesstrusttounit holders 

30 

30 

20 

10 

20 

5 

5 

5 

10 

30 

Section 194LBB: Investmentfundpayinganincometo aunitholder [otherthanincomewhich isexemptunderSection10(23FBB)]. 

30 

Section 194LBC:Income in respect of investmentmadeinasecuritisation trust(specifiedinExplanationofsection115TCA) 

30 

Section 194LC:Paymentof interest byanIndian Companyorabusinesstrustinrespectofmoneyborrowedin foreign currencyundera loanagreement orbywayofissueof long–termbonds(includinglong-terminfrastructurebond) 

 

5or 4*or 9** 

*In casewhereinterestispayableinrespect of Long- termBond orRupeeDenominatedBondlistedonrecognised stockexchangelocatedin IFSC 

**Wheremoneyborrowed fromasourceoutsideIndiabyissuing along-termbond orrupee-denominated bond 

on or after01-04-2023,whichislisted only onarecognised stock 

4/10 

 

IncomeTax Department 

Section194LD:Paymentof interest onrupeedenominatedbond of an Indian CompanyorGovernmentsecuritiestoaForeign InstitutionalInvestoror a QualifiedForeign Investor 

Section195: Payment ofanyothersumto a Non-resident 

1. a)Income inrespectof investment made byaNon–residentIndianCitizen 
2. b)Incomebywayoflong-termcapitalgains referred toinSection115Ein caseofaNon-resident IndianCitizen 
3. c)Incomeby wayoflong-term capitalgainsreferredtoinsub–clause(iii) ofclause(c)ofsub–Section(1)ofSection112 
4. d) Incomeby wayoflong-termcapitalgainsasreferredtoinSection 112A 
5. e) Incomebyway ofshort-termcapital gains referredto inSection111A 

exchangelocatedin 

anIFSC 

5 

20 

10 

10 

10 

15 

1. f)Anyother incomebywayof long-termcapitalgains[notbeing long–termcapitalgainsreferredto inclauses10(33),10(36)and112A 

20 

1. g) Incomebyway ofinterestpayable byGovernmentor anIndian concernon moneysborrowedordebt incurredby Governmentorthe Indianconcerninforeigncurrency (notbeingincomeby way ofinterestreferredto inSection194LBorSection194LC) 
2. h) Income by way ofroyaltypayableby Government or an Indian concern inpursuanceof anagreementmadebyitwith theGovernmentorthe Indianconcern wheresuchroyaltyisinconsideration forthetransferofalloranyrights(includingthe grantingofalicence)inrespectofcopyrightin any bookonasubjectreferred tointhefirstprovisoto sub-section(1A)ofSection 115Aof theIncome-taxAct, totheIndianconcern, orin respect of anycomputer software referred toin thesecondproviso to sub–section (1A) ofSection115Aof the Income-taxAct, toapersonresidentin India 
3. i)Income bywayof royalty [not being royalty ofthe naturereferred to point h)above] payablebyGovernment oran Indianconcerninpursuanceof an agreementmadebyitwith theGovernmentor the Indianconcernandwheresuchagreement iswithanIndianconcern,theagreementisapprovedbythe CentralGovernment or whereitrelatesto amatterincludedintheindustrialpolicy, forthetime beinginforce, of theGovernmentofIndia,the agreementisinaccordance with thatpolicy 
4. j)Incomebywayoffeesfortechnicalservicespayable byGovernmentoran Indianconcernin pursuance ofanagreementmade byitwith theGovernmentor theIndianconcern and where such agreementis withan Indian concern,theagreement isapprovedbytheCentral Government or whereitrelatestoamatterincludedintheindustrialpolicy, forthetimebeingin force, of the Government ofIndia,theagreementisinaccordance withthatpolicy 

20 

20 

20 

20 

1. k)Any otherincome 

30 

Section 196B:Incomefrom units (including long-termcapitalgain on transfer ofsuchunits)toan offshore fund 

10 

Section196C:Income fromforeign currency bonds orGDRofan Indian company(includinglong-term capitalgainontransfer of suchbonds orGDR) 

10 

 

5/10 

 

Income Tax Department 

Section 196D:Incomeof foreignInstitutionalInvestors fromsecurities(notbeingdividendorcapital gainarisingfrom suchsecurities) 

Note: Taxshallbe deductedattherateprovided under DTAAif sameislowerthan theexistingTDSrate of20%. 

2. In thecaseofacompany- 

2.1 where the company isadomesticcompany- 

Section193:Interest onsecurities 

20 

1. a) anydebenturesorsecuritiesformoneyissuedbyoron behalfofany localauthorityor a corporationestablishedby a Central,StateorProvincial Act; 

10 

1. b) any debentures issued byacompany wheresuchdebentures are listed on arecognised stockexchangeinaccordancewith theSecuritiesContracts(Regulation) Act,1956(42of 1956)and anyrulesmadethereunder; 
2. c) anysecurityoftheCentralorState Government; 

[i.e.8%Saving(Taxable) Bonds,2003and7.75% Saving(Taxable) Bonds, 2018] 

1. d)interest on anyothersecurity 

Section194:Dividend 

Section194A:Incomeby wayofinterestother than“Interestonsecurities” 

Section 194B:Incomeby wayofwinningsfrom lotteries,crosswordpuzzles, card gamesandother gamesof anysortorfrom gambling or bettingof anyform or naturewhatsoever. 

Section 194BA:Income bywayofwinnings from anyonlinegame 

Section 194BB:Incomebyway of winningsfrom horseraces 

10 

10 

10 

10 

10 

30 

30 

30 

Section 194C: Paymentto contractor/sub-contractor 

1. a)HUF/Individuals 
2. b)Others 

Section194D:Insurance commission 

1 

2 

10 

Section 194DA:Paymentinrespect of lifeinsurancepolicy 

5 

w.e.f.1/9/2019,thetax shallbe deducted ontheamountofincomecomprised ininsurance pay-out 

Section 194EE:Payment in respectof depositunderNational Savingsscheme 

10 

Section 194F:Paymentonaccountofrepurchaseof unit by Mutual Fund or UnitTrustof India 

20 

Section 194G:Commission, etc.,onsale oflotterytickets 

Section194H:Commissionorbrokerage 

5 

5 

Section 194-I:Rent 

1. a)Plant&Machinery 

2 

6/10 

 

1. b)Land orbuildingor furniture or fitting 

IncomeTax Department 

Section 194–IA:Paymentontransferofcertainimmovable property otherthanagriculturalland 

Section 194–IC:Paymentof monetary consideration under Joint Development Agreements 

Section194J: Feesforprofessionalor technicalservices: 

10 

1 

10 

2 

1. iv)sum paidorpayabletowards feesfortechnicalservices 

2 

1. v) 

sumpaidorpayabletowards royaltyin thenatureofconsiderationfor sale,distributionor exhibitionofcinematographicfilms; 

10 

1. vi) Anyother sum 

Note: Witheffectfrom June1, 2017the rateofTDSwouldbe2%in case ofpayee engagedinbusinessofoperation ofcallcenter. 

Section 194K:Income inrespectof unitspayableto residentperson 

10 

10 

Section 194LA:Paymentofcompensationonacquisition of certainimmovableproperty 

Section 194LBA(1):Businesstrustshalldeducttaxwhiledistributing,anyinterest received orreceivableby it froma SPVor anyincomereceived from renting orleasing orlettingout anyrealestateassetowneddirectlybyit, to its unitholders. 

Section 194LBB:Investment fund payinganincome to a unit holder [other than incomewhich is exemptunderSection10(23FBB)]. 

10 

10 

Section 194LBC:Incomein respect of investmentmadeinasecuritisationtrust(specifiedinExplanationofsection115TCA) 

10 

Section 194M:Payment of commission(notbeinginsurance commission), brokerage,contractualfee,professionalfee toaresident personby anIndividual or aHUFwhoare not liabletodeductTDSundersection 194C,194H,or194J. 

Tax shallbedeductedunderSection194Mwitheffectfrom 1/09/2019whenaggregateofsumcreditedorpaidduringafinancialyearexceedsRs. 50lakh. 

Section 194N:Cash withdrawalduringtheprevious yearfrom oneor more accountmaintainedbyaperson with a bankingcompany,co–operativesocietyengagedin business ofbanking ora postoffice: 

iii) inexcess of Rs.1 crore 

1. iv) inexcessofRs. 20lakhs* 

*for those personswhohavenotfiledreturn ofincome(ITR)forthree previousyears immediatelyprecedingthepreviousyearinwhichcashiswithdrawn,and the due datefor filing ITRundersection139(1)has expired.Thededuction of tax under thissituation shall be at the rateof: 

1. a) 

5% 

2 

2/5 

2% fromtheamountwithdrawnincash iftheaggregate of theamountofwithdrawal exceedsRs.20 lakhsbutnot exceedingRs. 1croreduring theprevious year;or 

1. b) 

5%from theamountwithdrawnincash iftheaggregate oftheamount ofwithdrawal exceedsRs.1crore duringthe previousyear. 

Section 194-0:Paymentorcreditof amount bythe e-commerceoperatortoe- 

1 

7/10 

commerceparticipant 

IncomeTax Department 

Section194P:Deduction oftaxbyspecifiedbank incase of senior citizenhavingageTaxontotal incomeof 75ormore 

Section 194Q:Payment to resident for purchaseofgoods of the aggregate value exceedingRs.50lakhs 

Note:TDSis deductibleon sumexceedingRs.50lakhs 

as per rate inforce 

0.1 

Section 194R:Deductionof tax in case anybenefit or perquisite is providedand aggregate valueof suchbenefit/perquisiteexceedsRs.20,000 

10 

Note: Benefitorperquisite shouldbearising frombusinessortheexercise of aprofession bysuchresident. 

1 

Section194S:Paymentontransfer of Virtual Digital Asset 

Note:Notaxshallbededucted under thisprovision inthefollowing circumstance: 

• Iftheconsiderationispayable by anyperson(otherthanaspecifiedperson)anditsaggregatevaluedoes not exceedRs.10,000duringthe financialyear. 

iftheconsiderationis payableby aspecifiedpersonandits aggregate valuedoesnotexceed Rs. 50,000 duringthe financialyear. 

Specifiedperson means: 

(a) An individualora HUF,whosetotalsales,grossreceiptsor turnover does not exceedRs.1 crorein caseof businessor Rs. 50 lakhsin caseof aprofession,during thefinancialyearimmediatelyprecedingthe financialyearinwhich virtualdigitalassetis transferred; 

(b)Anindividual or aHUFwhodoes nothave anyincome underthe headprofitsand gainsof businessorprofession. 

AnyOtherIncome 

10 

2.2where the companyisnot a domesticcompany*– 

Section 194B:Incomebywayofwinningsfrom lotteries,crosswordpuzzles, cardgamesandothergamesof any sortorfrom gambling orbettingof anyformornaturewhatsoever. 

30 

Section 194BA:Incomebyway ofwinnings from anyonline game 

30 

Section 194BB:Incomeby way ofwinningsfromhorseraces 

Section 194E:Payment tonon-residentsportsassociation 

30 

20 

Section 194G:Commission,etc.,on sale of lotterytickets 

Section 194LB:Paymentofinterestoninfrastructure debt fund 

Section 194LBA(2):– Payment ofthenaturereferredtoinSection 10(23FC)(a). 

Section 194LBA(2):Payment of thenature referredtoinSection10(23FC)(b) 

Section 194LBA(3):Businesstrust shall deduct tax whiledistributingany incomereceivedfromrentingorleasingorlettingoutany real estateassetowneddirectlyby 

 

5 

5 

5 

10 

40 

8/10 

3/22/24, 7:05 PM 

it to its unit holders. 

IncomeTax Department 

Section 194LBB:Investmentfundpayinganincometoaunitholder [otherthanincome whichisexempt underSection10(23FBB)]. 

Section 194LBC:Incomein respect of investmentmade inasecuritisationtrust(specifiedinExplanationofsection115TCA) 

Section 194LC:PaymentofinterestbyanIndianCompanyor a business trustinrespectofmoney borrowedinforeign currencyunderaloan agreement orbywayofissue of long–termbonds(includinglong-terminfrastructurebond) 

Section194LD:Payment of interest onrupeedenominatedbond of anIndian CompanyorGovernmentsecuritiesto aForeign InstitutionalInvestororaQualifiedForeignInvestor 

Section195: Payment of any othersum 

1. a) Incomebywayof long-termcapitalgainsreferredto in sub–clause(iii) ofclause(c)ofsub-section(1) ofSection112 
2. b)Income bywayoflong-term capitalgainsas referred toinSection112A 

40 

40 

5or 4*or9** 

* IncasewhereinterestispayableinrespectofLong-term Bondor RupeeDenominatedBondlistedonrecognisedstockexchangelocated inIFSC 

**WheremoneyborrowedfromasourceoutsideIndiabyissuinga long-termbondorrupee-denominated bond 

on or after01-04-2023, whichislistedonly on arecognised stockexchangelocatedinan IFSC; 

5 

10 

10 

1. c)Income bywayofshort-termcapitalgainsreferredto inSection111A 

[vfb id=null]15 

1. d)Anyother incomebywayoflong-termcapitalgains[notbeing long-term capitalgains referred toin clauses10(33),10(36)and112A 

20 

1. e)Incomebywayof interest payable byGovernmentoranIndianconcernon moneysborrowedordebt incurred byGovernment or the Indianconcerninforeign currency(notbeingincomeby wayofinterest referredto inSection194LBorSection194LC) 
2. f)Incomeby way of royaltypayableby Government or anIndianconcerninpursuanceofanagreementmadeby itwith theGovernment orthe Indian concernafterthe 31st day of March, 1976 where such royalty isinconsiderationfor thetransfer ofalloranyrights(includingthe grantingofalicence)inrespectofcopyrightinanybookon asubjectreferredtoin thefirstprovisotosub–section(1A)ofSection115Aof theIncome–tax Act, to theIndianconcern,or in respectofanycomputer 

20 

20 

 

Income Tax Departmentsoftwarereferredtointhe secondprovisotosub-section (1A)ofSection115Aofthe Income-taxAct, toa personresidentin India 

1. g)Incomebywayofroyalty[notbeingroyaltyofthe naturereferredtoinpointf)above] payable by Governmentor anIndianconcernin pursuance ofanagreementmadeby it withtheGovernmentorthe Indianconcernandwheresuchagreement iswithanIndianconcern,theagreement isapprovedby theCentralGovernmentor where itrelatestoamatterincluded intheindustrial policy,forthetime being in force,ofthe Government ofIndia, theagreement isin accordance with thatpolicy— 
2. wheretheagreementismade afterthe31st dayofMarch, 1961butbefore the1stdayof April,1976 
3. wherethe agreementismadeafter the31stdayof March,1976 
4. h)Income bywayof fees for technical services payablebyGovernmentoranIndianconcern inpursuance of anagreementmade byitwith theGovernmentorthe Indianconcernandwhere such agreement iswithanIndianconcern, the agreement isapprovedbytheCentral Government or whereitrelatesto amatterincluded in theindustrial policy, for the time beinginforce, of theGovernmentofIndia, theagreementisin accordance withthatpolicy- 

50 

20 

1. wheretheagreementismadeafterthe29th day of February, 1964butbefore the 1stdayofApril,1976 

50 

1. where the agreementismade after the31stdayof March,1976 
2. i)Any otherincome 

20 

40 

Section196B:Incomefrom units (including long–termcapitalgain ontransferofsuch units) toan offshore fund 

10 

Section 196C:Incomefromforeigncurrency bonds orGDR of anIndian company(includinglong-termcapitalgainon transferofsuchbondsor GDR) 

10 

Section 196D:Incomeof foreign Institutional Investorsfromsecurities(notbeingdividendor capitalgainarisingfrom suchsecurities) 

20 

Note:Tax shallbe deductedat therateprovided underDTAAifsameislowerthan theexistingTDSrate of20%. 

*Therate of TDSshallbeincreasedbyapplicablesurcharge andHealth&Educationcess. 

[AsamendedbyFinanceAct,2024]