TDS rates section-wise for current F.Y. (updated)

TDS rates apply to resident and non-resident payments as well as TDS rates on domestic and foreign companies in India. And any person paying income is responsible for deducting tax at source and depositing TDS within the stipulated due date.

Taxes shall be deducted at the rates specified in the relevant provisions of the Act or the First Schedule to the Finance Act. However, in the case of payment to non-resident persons, the withholding tax rates specified under the Double Taxation Avoidance Agreements shall also be considered.

What is TDS?

The concept of TDS was introduced with the aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get a credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor.

What is the full form of TDS?

TDS stands for Tax Deducted at Source. TDS is a direct taxation mechanism that was introduced to collect taxes from the source of income itself or at the time of income payout. Under this mechanism, if a person (deductor) is liable to make payment to any other person (deductee) will deduct tax at the source and transfer the balance to the deductee. The TDS amount deducted will be remitted to the Central Government. Deductee can check the Tax Deducted at Source (TDS) amount in Form 26AS or TDS Certificate issued by the deductor.

TDS Rates Chart for the F.Y 22-23 & A.Y-23-24

Here is the list of TDS rates chart section-wise-

Section 192

TDS Section 192Details
Nature of PaymentSalary
Threshold Limit for TDSAs per slab (visit slab rates for Current Financial Year)
TDS RateSlab rate (TDS on salary for the year by slab rate/Numbers of months)

Section 192-A

TDS Section 192ADetails
Nature of PaymentInterest on securities
Threshold Limit for TDS50000 ₹
TDS Rate10%

Section 193

TDS Section 193Details
Nature of PaymentInterest on Securities
Threshold Limit for TDS5000 ₹ (Debentures)
No limit (other)
TDS Rate10%

Section 194

TDS Section 194Details
Nature of PaymentPayment of any dividend
Threshold Limit for TDS5000 ₹
TDS Rate10%

Section 194A

TDS Section 194ADetails
Nature of PaymentInterest from other than interest from Securities
Threshold Limit for TDS50000 ₹ Senior citizen ( from the bank, P.O & Society)
40000 ₹ Other ( from the bank, P.O & Society)
5000 ₹ Other
TDS Rate10%

Section 194B

TDS Section 194BDetails
Nature of PaymentIncome from lottery winnings, card games, crossword puzzles, and other games of any type
Threshold Limit for TDS10000 ₹
TDS Rate30%

Section 194BB

TDS Section 194BBDetails
Nature of PaymentIncome from horse race winnings
Threshold Limit for TDS10000 ₹
TDS Rate30%

Section 194C

TDS Section 194CDetails
Nature of PaymentPayment to contractor/sub-contractors
Threshold Limit for TDS30000 ₹ Single Transaction
100000 ₹ Total Aggregate Transaction
TDS Rate1% (Individual & HUF)
2% (Other than Individual & HUF)

Section 194D

TDS Section 194DDetails
Nature of PaymentInsurance commission
Threshold Limit for TDS15000 ₹
TDS Rate10% (Domestic Company)
05% (Other than Domestic Company)

Section 194DA

TDS Section 194DADetails
Nature of PaymentIncome for the insurance pay-out, while payment of any sum in respect of a life insurance policy.
Threshold Limit for TDS100000 ₹
TDS Rate05%

Section 194E

TDS Section 194EDetails
Nature of PaymentPayment to non-resident sportsmen/sports association
Threshold Limit for TDSNo limit
TDS Rate20%

Section 194EE

TDS Section 194EEDetails
Nature of PaymentPayment of amount standing to the credit of a person under the National Savings Scheme (NSS)
Threshold Limit for TDS2500 ₹
TDS Rate10%

Section 194F

TDS Section 194FDetails
Nature of PaymentPayment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual Fund
Threshold Limit for TDSNo limit
TDS Rate20%

Section 194-G

TDS Section 194GDetails
Nature of PaymentPayments, commission, etc., on the sale of lottery tickets
Threshold Limit for TDS15000 ₹
TDS Rate05%

Section 194-H

TDS Section 194HDetails
Nature of PaymentCommission or brokerage
Threshold Limit for TDS15000 ₹
TDS Rate05%

Section 194I

TDS Section 194IDetails
Nature of PaymentRent Payment
Threshold Limit for TDS240000 ₹
TDS Rate10% (Rent on land/building/furniture/fitting)
02% (Rent on plant and machinery)

Section 194IA

TDS Section 194IADetails
Nature of PaymentPayment in consideration of transfer of certain immovable property other than agricultural land.
Threshold Limit for TDS5000000₹
TDS Rate01%

Section 194IB

TDS Section 194IBDetails
Nature of PaymentRent payment by an individual or HUF not covered u/s. 194-I
Threshold Limit for TDS50000 ₹ per month
TDS Rate05%

Section 194IC

TDS Section 194ICDetails
Nature of PaymentPayment under Joint Development Agreements (JDA) to Individual/HUF
Threshold Limit for TDSNo Limit
TDS Rate10%

Section 194J

TDS Section 194JDetails
Nature of PaymentFees for professional or technical services
Threshold Limit for TDS30000 ₹
TDS Rate02% (for fees for technical service + royalty on sales)
10% (other)

Section 194K

TDS Section 194KDetails
Nature of PaymentPayment of any income for units of a mutual fund, for example, dividend
Threshold Limit for TDSNo limit
TDS Rate10%

Section 194LA

TDS Section 194LADetails
Nature of PaymentPayment in respect of compensation for acquiring certain immovable property
Threshold Limit for TDS250000 ₹
TDS Rate10%

Section 194LB

TDS Section 194LBDetails
Nature of PaymentPayment of interest on infrastructure debt fund to Non-Resident
Threshold Limit for TDSNo Limit
TDS Rate05%

Section 194LC

TDS Section 194LCDetails
Nature of PaymentPayment of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or the issue of long-term bonds
Threshold Limit for TDSNo limit
TDS Rate05%
TDS Section 194LCDetails
Nature of PaymentPayment of interest for the loan borrowed in foreign currency by an Indian company or business trust against the issue of long-term bonds listed in IFSC
Threshold Limit for TDSNo limit
TDS Rate04%

Section 194-LBA (1)

TDS Section 194LBA (1)Details
Nature of PaymentCertain income distributed by a business trust to its unitholder
Threshold Limit for TDSNo limit
TDS Rate10%

Section 194-LBA (2)

TDS Section 194LBA (2)Details
Nature of PaymentInterest income of a business trust from SPV distribution to its unitholders
Threshold Limit for TDSNo Limit
TDS Rate05%
TDS Section 194LBA (2)Details
Nature of PaymentDividend income of a business trust from SPV, in which it holds the entire share capital exempt from the capital held by the government, and distribution to its unitholders
Threshold Limit for TDSNo Limit
TDS Rates10%

Section 194-LBA(3)-TDS Rates

TDS Section 194LBA (3)Details
Nature of PaymentRental income payment of assets owned by the business trust to the unitholders of such business trust
Threshold Limit for TDSNo Limit
TDS Rates30% (Non-Resident)
40% (Foreign Company)

Section 194-LBB-TDS Rates

TDS Section 194LBBDetails
Nature of PaymentCertain income paid to a unitholder in respect of units of an investment fund
Threshold Limit for TDSNo Limit
TDS Rates10% (Resident and Non-Resident)
40% (Foreign Company)

Section 194-LBC –TDS Rates

TDS Section 194LBCDetails
Nature of PaymentIncome in respect of investment made in a securitization trust
Threshold Limit for TDSNo Limit
TDS Rates10% (In the case of domestic companies and NRI)
25% ( in case of individual and HUF)
40% (in the case of Foreign companies)

Section 194M-TDS Rates

TDS Section 194MDetails
Nature of PaymentCertain payments by individuals/HUF are not liable to deduct TDS under Section 194C, 194H, and 194J
Threshold Limit for TDS5000000 ₹
TDS Rate05%

Section 194N-TDS Rates

TDS Section 194NDetails
Nature of PaymentCash withdrawal exceeding a certain amount
Threshold Limit for TDS1 Crore ₹
TDS Rate02%
TDS Section 194NDetails
Nature of PaymentCash withdrawal in case person has not filed ITR for the last three years and the original ITR filing due date expired
Threshold Limit for TDS
TDS Rates05% (1 Crore ₹)
02% (20 lakh to 1 Crore ₹)

Section 194O-TDS Rates

TDS Section 194ODetails
Nature of PaymentPayment for the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform.
Threshold Limit for TDS500000 ₹
TDS Rates01%

Section 194P-TDS Rates

TDS Section 194PDetails
Nature of PaymentPayment of pension or interest to specified senior citizens of age 75 years or more
Threshold Limit for TDSBasic exemption limit of senior citizens or super senior citizens
TDS RatesNormal tax slab rates

Section 194Q-TDS Rates

TDS Section 194QDetails
Nature of PaymentPayments for the purchase of goods
Threshold Limit for TDS5000000 ₹
TDS Rate0.10%

Section 194R-TDS Rates

TDS Section 194RDetails
Nature of PaymentPerquisites or benefits to a business or profession
Threshold Limit for TDS20000 ₹
TDS Rate10%

Section 194S-TDS Rates

TDS Section 194SDetails
Nature of PaymentTDS on the transfer of virtual digital assets
Threshold Limit for TDS50000 ₹ (specified person)
10000 ₹ (other)
TDS Rate01%

Section 195-TDS Rates

TDS Section 195Details
Nature of PaymentIncome on investments made by NRI citizen
Threshold Limit for TDSNo Limit
TDS Rate20%
TDS Section 195Details
Nature of PaymentIncome by way of LTCG referred to in section 115E in the case of NRI
Income by way of LTCG under section 112(1)(c)(iii)
Income by way of LTCG under section 112A
Threshold Limit for TDSNo Limit
TDS Rate10%
TDS Section 195Details
Nature of PaymentIncome by way of STCG under section 111A
Threshold Limit for TDSNo Limit
TDS Rate15%
TDS Section 195Details
Nature of PaymentInterest payable on money borrowed by the government or Indian concern in foreign currency
Threshold Limit for TDSNo Limit
TDS Rate20%
TDS Section 195Details
Nature of PaymentIncome from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy

If the agreement for such royalty payment is entered in between 31st March 1961 and 1st April 1976
Threshold Limit for TDSNo Limit
TDS Rates50%
TDS Section 195Details
Nature of PaymentIncome from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy

If the agreement for such payment is entered in between 29th February 1964 and 1st April 1976
Threshold Limit for TDSNo Limit
TDS Rates50%
TDS Section 195Details
Nature of PaymentIncome from royalty payable by the Indian concern or the government, for the copyright in a subject, referred to in the first proviso of section 115A or computer software referred to in the second proviso of section 115A.

Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy.
Threshold Limit for TDSNo Limit
TDS Rates10%
TDS Section 195Details
Nature of PaymentIncome from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy

If the agreement for such royalty payment is entered after 31st March 1976.


Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy.


Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy

If the agreement for such payment is entered after 31st March 1976
Threshold Limit for TDSNo Limit
TDS Rate10%
TDS Section 195-TDS RatesDetails
Nature of PaymentAny other Income
Threshold Limit for TDSNo Limit
TDS Rates30% (Non-resident)
40% (Foreign Company)

Section 196B-TDS Rates

TDS Section 196BDetails
Nature of PaymentIncome (including LTCG) from units of an offshore fund
Threshold Limit for TDSNo Limit
TDS Rate10%

Section 196C-TDS Rates

TDS Section 196CDetails
Nature of PaymentIncome (including LTCG) from foreign currency bonds or GDR of an Indian company
Threshold Limit for TDSNo Limit
TDS Rates10%

Section 196D –TDS Rates

TDS Section 196DDetails
Nature of PaymentIncome (excluding dividend and capital gain) from Foreign Institutional Investors.
Threshold Limit for TDSNo Limit
TDS Rates20%

TDS Rate Chart for the F.Y. 21-22 & A.Y 22-23

TDS rate chart section-wise for F.Y 21-22

SectionNature of transactionThreshold Limit (Rs)TDS Rates
192Payment of salaryBasic exemption limit of employeeNormal Slab Rates
192APremature withdrawal from EPF50,00010%
193Interest on securitiesDebentures- 5,000

8% Savings (Taxable) Bonds 2003 or 7.75% Savings (Taxable) Bonds 2018- 10,000

Other securities- No limit
10%
194Payment of any dividend5,00010%
194AInterest from other than interest from securities (from deposits with banks/post office/co-operative society)Senior Citizens- 50,000

Others- 40,000
10%
194AInterest from other than interest on securities u/s 193 and interest from banks/post office/co-operative society.

For e.g., interest from friends and relatives
5,00010%
194BIncome from lottery winnings, card games, crossword puzzles, and other games of any type10,00030%
194BBIncome from horse race winnings10,00030%
194CPayment to contractor/sub-contractor:-

Individuals/HUF
Single transaction- 30,000

Aggregate transactions- 1,00,000
1%
194CPayment to contractor/sub-contractor:-

Other than Individuals/HUF
Single transaction- 30,000

Aggregate transactions- 1,00,000
2%
194DInsurance commission to domestic companies15,00010%
194DInsurance commission to other than companies15,0005%
194DAIncome for the insurance pay-out, while payment of any sum in respect of a life insurance policy.1,00,0005%
194EPayment to non-resident sportsmen/sports associationNo limit20%
194EEPayment of amount standing to the credit of a person under the National Savings Scheme (NSS)2,50010%
194FPayment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual FundNo limit20%
194GPayments, commission, etc., on the sale of lottery tickets15,0005%
194HCommission or brokerage15,0005%
194-IRent on
plant and machinery
2,40,0002%
194-IRent on
land/building/furniture/fitting
2,40,00010%
194-IAPayment in consideration of transfer of certain immovable property other than agricultural land.50,00,0001%
194-IBRent payment by an individual or HUF not covered u/s. 194-I50,000 per month5%
194-ICPayment under Joint Development Agreements (JDA) to Individual/HUFNo limit10
194JAny sum paid by way of fee for professional services30,00010%
194JAny sum paid by way of remuneration/fee/commission to a director30,00010%
194JAny sum paid for not carrying out any activity concerning any business;30,00010%
194JAny sum paid for not sharing any know-how, patent, copyright, etc.30,00010%
194JAny sum paid as a fee for technical services30,0002%
194JAny sum paid by way of royalty towards the sale or distribution, or exhibition of cinematographic films30,0002%
194JAny sum paid as fees for technical services, but the payee is engaged in the business of operation of the call center.30,0002%
194KPayment of any income for units of a mutual fund, for example, dividendNo limit10%
194LAPayment in respect of compensation on acquiring certain immovable property2,50,00010%
194LBPayment of interest on infrastructure debt fund to Non-ResidentNo limit5%
194LCPayment of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or the issue of long-term bondsNo limit5%
194LCPayment of interest for the loan borrowed in foreign currency by an Indian company or business trust against the issue of long-term bonds listed in IFSCNo limit4%
194LDPayment of interest on bond (rupee-denominated) to FII or a QFINo limit5%
194LBA(1)Certain income distributed by a business trust to its unitholderNo limit10%
194LBA(2)Interest income of a business trust from SPV distribution to its unitholdersNo limit5%
194LBA(2)Dividend income of a business trust from SPV, in which it holds the entire share capital exempt the capital held by the government, and distribution to its unitholdersNo limit10%
194LBA(3)Rental income payment of assets owned by the business trust to the unitholders of such business trustNo limit30%
194LBA(3)Rental income payment of assets owned by the business trust to the unitholders of such business trustNo limit40%
194LBBCertain income paid to a unitholder in respect of units of an investment fundNo limit10%
194LBBCertain income paid to a unitholder in respect of units of an investment fundNo limit40%
194LBCIncome from investment in securitization fund received to an individual and HUFNo limit25%
194LBCIncome from investment in securitization fund received to a domestic companyNo limit10%
194LBCIncome from investment in securitization fund received to a foreign companyNo limit40%
194LBCIncome from investment in securitization fund received to NRINo limit10%
194MCertain payments by individuals/HUF are not liable to deduct TDS under Section 194C, 194H, and 194J50,00,0005%
194NCash withdrawal exceeding a certain amount1 crore2%
194NCash withdrawal in case person has not filed ITR for the last three years and the original ITR filing due date expired-20 lakh to 1 crore

-1 crore
2%

5%
194OPayment for the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform.5,00,0001%
194PPayment of pension or interest to specified senior citizens of age 75 years or moreBasic exemption limit of senior citizens or super senior citizensNormal tax slab rates
194QPayments for the purchase of goods50,00,0000.10%
194RPerquisites or benefits to a business or profession20,00010%
194STDS on the transfer of virtual digital assetsSpecified Persons- 50,000

Others- 10,000
1%
195Income on investments made by NRI citizenNo limit20%
195Income by way of LTCG referred to in section 115E in the case of NRINo limit10%
195Income by way of LTCG under section 112(1)(c)(iii)No limit10%
195Income by way of LTCG under section 112ANo limit10%
195Income by way of STCG under section 111ANo limit15%
195Any other income by way of LTCGNo limit20%
195Interest payable on money borrowed by the government or Indian concern in foreign currencyNo limit20%
195Income from royalty payable by the Indian concern or the government, for the copyright in a subject, referred to in the first proviso of section 115A or computer software referred to in the second proviso of section 115ANo limit10%
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policyNo limit10%
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy

If the agreement for such royalty payment is entered in between 31st March 1961 and 1st April 1976
No limit50%
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy

If the agreement for such royalty payment is entered after 31st March 1976
No limit10%
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policyNo limit10%
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy

If the agreement for such payment is entered in between 29th February 1964 and 1st April 1976
No limit50%
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy

If the agreement for such payment is entered after 31st March 1976
No limit10%
195Any other incomeNo limit30%
195Any other incomeNo limit40%
196BIncome (including LTCG) from units of an offshore fundNo limit10%
196CIncome (including LTCG) from foreign currency bonds or GDR of an Indian companyNo limit10%
196DIncome (excluding dividend and capital gain) from Foreign Institutional Investors.No limit20%

TDS Section List

Here is the list of TDS Sections and applicability-

SectionNature of TDS section & applicability
192Payment of salary
192APremature withdrawal from EPF
193Interest on securities
194Payment of any dividend
194AInterest from other than interest from securities (from deposits with banks/post office/co-operative society)
194AInterest from other than interest on securities u/s 193 and interest from banks/post office/co-operative society.

For e.g., interest from friends and relatives
194BIncome from lottery winnings, card games, crossword puzzles, and other games of any type
194BBIncome from horse race winnings
194CPayment to contractor/sub-contractor:-

Individuals/HUF
194CPayment to contractor/sub-contractor:-

Other than Individuals/HUF
194DInsurance commission to domestic companies
194DInsurance commission to other than companies
194DAIncome for the insurance pay-out, while payment of any sum in respect of a life insurance policy.
194EPayment to non-resident sportsmen/sports association
194EEPayment of amount standing to the credit of a person under the National Savings Scheme (NSS)
194FPayment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual Fund
194GPayments, commission, etc., on the sale of lottery tickets
194HCommission or brokerage
194-IRent on
plant and machinery
194-IRent on
land/building/furniture/fitting
194-IAPayment in consideration of transfer of certain immovable property other than agricultural land.
194-IBRent payment by an individual or HUF not covered u/s. 194-I
194-ICPayment under Joint Development Agreements (JDA) to Individual/HUF
194JAny sum paid by way of fee for professional services
194JAny sum paid by way of remuneration/fee/commission to a director
194JAny sum paid for not carrying out any activity concerning any business;
194JAny sum paid for not sharing any know-how, patent, copyright, etc.
194JAny sum paid as a fee for technical services
194JAny sum paid by way of royalty towards the sale or distribution, or exhibition of cinematographic films
194JAny sum paid as fees for technical services, but the payee is engaged in the business of operation of the call center.
194KPayment of any income for units of a mutual fund, for example, dividend
194LAPayment in respect of compensation on acquiring certain immovable property
194LBPayment of interest on infrastructure debt fund to Non-Resident
194LCPayment of interest for the loan borrowed in foreign currency by an Indian company or business trust against loan agreement or the issue of long-term bonds
194LCPayment of interest for the loan borrowed in foreign currency by an Indian company or business trust against the issue of long-term bonds listed in IFSC
194LDPayment of interest on bond (rupee-denominated) to FII or a QFI
194LBA(1)Certain income distributed by a business trust to its unitholder
194LBA(2)Interest income of a business trust from SPV distribution to its unitholders
194LBA(2)Dividend income of a business trust from SPV, in which it holds the entire share capital exempt the capital held by the government and distribution to its unitholders
194LBA(3)Rental income payment of assets owned by the business trust to the unitholders of such business trust
194LBA(3)Rental income payment of assets owned by the business trust to the unitholders of such business trust
194LBBCertain income paid to a unitholder in respect of units of an investment fund
194LBBCertain income paid to a unitholder in respect of units of an investment fund
194LBCIncome from investment in securitization fund received to an individual and HUF
194LBCIncome from investment in securitization fund received to a domestic company
194LBCIncome from investment in securitization fund received to a foreign company
194LBCIncome from investment in securitization fund received to NRI
194MCertain payments by individuals/HUF are not liable to deduct TDS under Section 194C, 194H, and 194J
194NCash withdrawal exceeding a certain amount
194NCash withdrawal in case person has not filed ITR for the last three years and the original ITR filing due date expired
194OPayment for the sale of goods or provision of services by the e-commerce operator through its digital or electronic facility or platform.
194PPayment of pension or interest to specified senior citizens of age 75 years or more
194QPayments for the purchase of goods
194RPerquisites or benefits to a business or profession
194STDS on the transfer of virtual digital assets
195Income on investments made by NRI citizen
195Income by way of LTCG referred to in section 115E in the case of NRI
195Income by way of LTCG under section 112(1)(c)(iii)
195Income by way of LTCG under section 112A
195Income by way of STCG under section 111A
195Any other income by way of LTCG
195Interest payable on money borrowed by the government or Indian concern in foreign currency
195Income from royalty payable by the Indian concern or the government, for the copyright in a subject, referred to in the first proviso of section 115A or computer software referred to in the second proviso of section 115A
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy

If the agreement for such royalty payment is entered in between 31st March 1961 and 1st April 1976
195Income from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policy

If the agreement for such royalty payment is entered after 31st March 1976
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy

If the agreement for such payment is entered in between 29th February 1964 and 1st April 1976
195Income from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policy

If the agreement for such payment is entered after 31st March 1976
195Any other income
195Any other income
196BIncome (including LTCG) from units of an offshore fund
196CIncome (including LTCG) from foreign currency bonds or GDR of an Indian company
196DIncome (excluding dividend and capital gain) from Foreign Institutional Investors.

TDS Slab rates for salary

Here is the Tax slabs for tds for section 192b (salary)

Income Tax Slabs & Rates for Individuals below 60 years for FY 21-22 & AY 22-23

Income SlabsOld RegimeNew Regime
Up to Rs. 2,50,000NILNIL
Rs. 2,50,001 – Rs. 5,00,0005%5%
Rs. 5,00,001 – Rs. 7,50,00020%10%
Rs. 7,50,001 – Rs. 10,00,00020%15%
Rs. 10,00,001 – Rs. 12,50,00030%20%
Rs. 12,50,001 – Rs. 15,00,00030%25%
Above Rs. 15,00,00030%30%

Income Tax Slab & Rates for Senior Citizens (60 to 80 Years) for FY 21-22 & AY 22-23

Income SlabsOld RegimeNew Regime
Up to Rs. 2,50,000NILNIL
Rs 2,50,001 – Rs 3,00,000NILNIL
Rs. 3,00,001 – Rs. 5,00,0005%5%
Rs. 5,00,001 – Rs. 7,50,00020%10%
Rs. 7,50,001 – Rs. 10,00,00020%15%
Rs. 10,00,001 – Rs. 12,50,00030%30%
Rs. 12,50,001 – Rs. 15,00,00030%25%
Above Rs. 15,00,00030%30%

Income Tax Slab & Rates for Super Senior Citizens (Above 80 Years) for FY 21-22 & AY 22-23

Income SlabsOld RegimeNew Regime
Up to Rs. 2,50,000NILNIL
Rs 2,50,001 – Rs 3,00,000NILNIL
Rs. 3,00,001 – Rs. 5,00,000NIL5% (Tax Rebate U/S 87A is available)
Rs. 5,00,001 – Rs. 7,50,00020%10%
Rs. 7,50,001 – Rs. 10,00,00020%15%
Rs. 10,00,001 – Rs. 12,50,00030%20%
Rs. 12,50,001 – Rs. 15,00,00030%25%
Above Rs. 15,00,00030%30%

Surcharge rate chart

List of surcharge rates applicable in different levels of income-

Taxable Income (Rs.)Surcharge Rate
50 Lakhs to 1 Crore10%
1 Crore to 2 Crore15%
2 Crore to 5 Crore25%
5 Crore to 10 Crore37%
10 Crore & Above37%

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