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Income Tax TDS Rate

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Income T Ta ax De Department

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Rates for tax deduction at source

[For Assessment year 2016-17] Particulars

TDS Rates (in %)

1. In the case of a person other than a company 1.1 where the person is resident in India-

 Paayment of salary Section 192 192:: P

Section 192A:  Payment of accumulated balance of provident fund which is taxable in the hands of an employee (with effect from 01.06.2015).

Normal Slab Rate 10

Section 193: 193: Interest on securities

a) any debentures or securities for money issued by or on behalf of any local authority or  a corporation established by a Central, State or Provincial Act;

10

 b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;

10

c) any security of the Central or State Government;

10

d) interest on any other security

10

194: Dividend other than the dividend as referred to in Section 115-O Section 194:

10

 In ncome by way of interest other than "Interest on securities" 194A:: I Section 194A

10

194B:   Income by way of winnings from lotteries, crossword puzzles, card Section 194B: games and other games of any sort

30

 In ncome by way of winnings from horse races Section 194BB 194BB:: I

30

Section 194C 194C:: Payment to contractor/sub-contractor 

1 of 7

a) HUF/Individuals

1

 b) Others

2

Section 194D:  In nsurance commission 194D: I

10

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Income T Ta ax De Department

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 Paayment in respect of life insurance policy 194DA:: P Section 194DA

2

Section 194EE 194EE:: P  Paayment in respect of deposit under National Savings scheme

20

194F: Payment on account of repurchase Section 194F: repurchase of unit by Mutual Fund or Unit Trust of India

20

 Co ommission, etc., on sale of lottery tickets 194G: C Section 194G:

10

 Co ommission or brokerage Section 194H 194H:: C

10

Section 194-I 194-I:: Rent

a) Plant & Machinery

2

 b) Land or building or furniture or fitting

10

Section tion 194 194-IA -IA:: Pa Paym yment ent on tran transf sfer er of ce cert rtai ain n im immo movab vable le pr prop oper erty ty ot othe herr th than an Sec agricultural land

1

194J:: Any sum paid by way of  Section 194J

10

a) Fee for professional services,  b) Fee for technical services c) Royalty, d) Remuneration/fee/commission to a director or  e) For not carrying out any activity in relation to any business f) For not sharing any know-how, patent, copyright etc. Section 194LA 194LA:: Paym Paymen entt o off ccom ompe pens nsat atiion on on acqu acquis isit itiion of of ccer erttai ain n iimm mmov ovab ablle prop proper erty ty

10

Section 194LBA(1):  Business trust shall deduct tax while distributing, any income received receiv ed or receivable receivable by it from a SPV or any income received received from renting renting or leasing leasing or letting out any real estate asset owned owne d directly by it, to its unit holders.

10

Section 194LBB: Investment fund paying an income to a unit holder [other than income

10

which is exempt under Section 10(23FBB)] shall deduct tax therefrom (with effect from 01.06.2015). Any Other Income

10

1.2 where the person is not resident in India-

 Paayment of Salary Section 192: 192: P

Normal Slab Rate

Section 192A:  Payment of accumulated balance of provident fund which is taxable in the hands of an employee (with effect from 01.06.2015).

10

Section 194B: 194B:   Income by way of winnings from lotteries, crossword puzzles, card

30

games and other games of any sort Section 194BB 194BB:: I  In ncome by way of winnings from horse races

2 of 7

30

23-Jan-16 11:31 AM

 

Income T Ta ax De Department

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 Paayment to non-resident sportsmen/sports association 194E:: P Section 194E

20

Section 194EE 194EE:: P  Paayment in respect of deposits under National Savings Scheme

20

Section 194F: 194F:Payment on account of repurchase of unit by Mutual Fund or Unit Trust of  India

20

 Co ommission, etc., on sale of lottery tickets Section 194G 194G:: C

10

 Paayment of interest on infrastructure debt fund Section 194LB 194LB:: P

5

Businesss trust trust shall shall deduct deduct tax while while distri distribut buting ing any intere interest st Section 194LBA(2): 194LBA(2):   Busines income received or receivable by it from a SPV to its unit holders.

5

Section 194LBA(3): 194LBA(3):   Busines Businesss trust trust shall shall deduct deduct tax while while distri distribut buting ing any income income received from renting or leasing or letting out any real estate asset owned directly b by y it to its unit holders.

30

Section 194LBB: Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] shall deduct tax therefrom (with effect from 01.06.2015).

10

Section 194LC: 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)

5

Section 194LD 194LD:: Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor 

5

Section 195 195:: Payment of any other sum to a Non-resident

3 of 7

a) Income in respect of investment made by a Non-resident Indian Citizen

20

 b) Income by way of long-term capital gains referred to in Section 115E 115E in  in case of a  Non-resident Indian Citizen

10

c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of  sub-Section (1) of Section 112

10

d) Income by way of short-term capital gains referred to in Section 111A

15

e) Any other income by way of long-term capital gains [not being long-term capital 10]] gains referred to in clauses (33), (36) and (38) of Section 10

20

f) Income by way of interest payable by Government or an Indian concern on moneys  borrowed or debt incurred by Government or the Indian concern in foreign ccurrency urrency (not 194LC)  being income by way of interest referred to in Section 194LB or 194LB or Section 194LC)

20

g) Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of 115A  of the Income-tax Act, to the Indian concern, or in

10

23-Jan-16 11:31 AM

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respect of any computer software referred to in the second proviso to sub-section (1A) of  Section 115A 115A of  of the Income-tax Act, to a person resident in India h) Income by way of royalty [not being royalty of the nature referred to point g) above E] payable by Government or an Indian concern in pursuance of an agreement agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matt matter er incl include uded d in the the indus industr tria iall polic policy y, for for the the ti time me being being in fo forc rce, e, of th thee Government of India, the agreement is in accordance with that policy

10

i) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved  by the Central Government or where it relates to a matter included in the industrial  policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy

10

 j) Any other income

30

Section 196B 196B::  Income from units (including (including long-term capital gain on transfer transfer of such units) to an offshore fund

10

196C::  Income from foreign currency bonds or GDR of an Indian company Section 196C (including long-term capital gain on transfer of such bonds or GDR)

10

Section 196D 196D::   Income Income of foreig foreign n Instit Instituti utional onal Invest Investors ors fr from om securi securitie tiess (not (not being being dividend or capital gain arising from such securities)

20

2. In the case of a company2.1 where the company is a domestic company193:: Interest on securities Section 193

a) any debentures or securities for money issued by or on behalf of any local authority or  a corporation established by a Central, State or Provincial Act;

10

 b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;

10

c) any security of the Central or State Government;

10

d) interest on any other security

10

194: D Section 194:  Diividend

10

Section 194A 194A:: Income by way of interest other than "Interest on securities"

10

194B::   Income by way of winnings from lotteries, crossword puzzles, card Section 194B games and other games of any sort

30

 In ncome by way of winnings from horse races Section 194BB 194BB:: I

30

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194C:: Payment to contractor/sub-contractor  Section 194C

a) HUF/Individuals

1

 b) Others

2

 In nsurance commission 194D: I Section 194D:

10

Section 194DA 194DA:: P  Paayment in respect of life insurance policy

2

194EE:: P Section 194EE  Paayment in respect of deposit under National Savings scheme repurchase of unit by Mutual Fund or Unit Trust 194F: Payment on account of repurchase Section 194F: of India

20 20

Section 194G:  Co ommission, etc., on sale of lottery tickets 194G: C

10

Section 194H 194H:: C  Co ommission or brokerage

10

Section 194-I 194-I:: Rent

a) Plant & Machinery

2

 b) Land or building or furniture or fitting

10

Payme ment nt on tran transf sfer er of ce cert rtai ain n im immo mova vabl blee pr prope opert rty y ot othe herr th than an Section ion 194194-IA IA::Pay Sect agricultural land

1

Section 194J 194J:: Any sum paid by way of 

10

a) Fee for professional services,  b) Fee for technical services c) Royalty, d) Remuneration/fee/commission to a director or  e) For not carrying out any activity in relation to any business f) For not sharing any know-how, patent, copyright etc. 194LA::Paym Section 194LA Paymen entt of of Com Compe pens nsat atiion on ac acqu quis isit itio ion n of of ccer erta tain in imm immovab ovable le pr prop oper ertty

10

Section 194LBA(1):  Business trust shall deduct tax while distributing, any income received receiv ed or receivable receivable by it from a SPV or any income received received from renting renting or leasing leasing or letting out any real estate asset owned owne d directly by it, to its unit holders.

10

Section 194LBB: Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] shall deduct tax therefrom (with effect from 01.06.2015).

10

Any Other Income

10

2.2 where the company is not a domestic company194B:   Income by way of winnings from lotteries, crossword puzzles, card Section 194B: games and other games of any sort

30

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 In ncome by way of winnings from horse races 194BB:: I Section 194BB

30

194E:: P  Paayment to non-resident sports association Section 194E

20

Section 194G 194G:: C  Co ommission, etc., on sale of lottery tickets

10

Section 194LB 194LB:: P  Paayment of interest on infrastructure debt fund

5

Businesss trust trust shall shall deduct deduct tax while while distri distribut buting ing any intere interest st Section 194LBA(2): 194LBA(2):   Busines income received or receivable by it from a SPV to its unit holders.

5

Businesss trust trust shall shall deduct deduct tax while while distri distribut buting ing any income income Section 194LBA(3): 194LBA(3):   Busines received from renting or leasing or letting out any real estate asset owned directly b by y it to its unit holders.

40

Section 194LBB: Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] shall deduct tax therefrom (with effect from 01.06.2015).

10

Section 194LC: 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)

5

Section 194LD 194LD::Payment of interest on rupee denominated denominated bond of an Indian Company Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor 

5

Section 195 195:: Payment of any other sum

a) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of  sub-section (1) of Section 112

10

 b) Income by way of short-term capital gains referred to in Section 111A

15

c) Any other income by way of long-term capital gains [not being long-term capital 10]] gains referred to in clauses (33), (36) and (38) of Section 10

20

d) Income by way of interest payable by Government or an Indian concern on moneys  borrowed or debt incurred by Government or the Indian concern in foreign ccurrency urrency (not  being income by way of interest referred to in Section 194LB or 194LB or Section 194LC) 194LC)

20

e) Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after the 31st day of March, 1976 where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A 115A of  of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso proviso to sub-section sub-section (1A) of Section 115A of 115A  of the Income-tax Act, to a person resident in India

10

f) Income by way of royalty [not being royalty of the nature referred to in point e) above C] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an

6 of 7 Income T Ta ax De Department  

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Indian concern, the agreement is approved by the Central Government or where it relates to a matt matter er incl include uded d in the the indu indust stri rial al polic policy y, for for the the ti time me be bein ing g in fo forc rce, e, of th thee Government of India, the agreement is in accordance with that policy—  A. where the agreement is made after the 31st day of March, 1961 but before the 1st day of April, 1976

50

B. where the agreement is made after the 31st day of March, 1976

10

g) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved  by the Central Government or where it relates to a matter included in the industrial  policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy—  A. where the agreement agreement is made after the 29th day of February February,, 1964 but before the 1st day of April, 1976

50

B. where the agreement is made after the 31st day of March, 1976

10

h) Any other income

40

196B:  Income from units (including Section 196B: (including long-term capital gain on transfer transfer of such units) to an offshore fund

10

196C::  Income from foreign currency bonds or GDR of an Indian company Section 196C (including long-term capital gain on transfer of such bonds or GDR)

10

Income of foreig foreign n Instit Instituti utional onal Invest Investors ors fr from om securi securitie tiess (not (not being being Section 196D 196D::   Income dividend or capital gain arising from such securities)

20

[As amended by Finance Act, 2015]

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