TDS Rates and Threshold Limit Charts for The FY 2022-23: Important

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TDS Rates and Threshold Limit Charts for The FY 2022-23 details are below. TDS stands for Tax Deducted at Source. Tax deduction at source (TDS) means collecting tax on income in the form of salary, rent, asset sales, dividends, etc., collecting from taxpayers and paying to the government on behalf of taxpayers.

TDS Rates and Threshold Limit Charts for the FY 2022-23

SectionDeductee*Nature of transactionThreshold Limit (Rs)TDS Rate
192R, NRPayment of salaryBasic exemption limit of employeeNormal Slab Rates
192AR, NRPremature withdrawal from EPF50,00010%
193RInterest on securitiesDebentures- 5,000

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

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

Others- 40,000
10%
194ARInterest 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%
194BR, NR, FCIncome from lottery winnings, card games, crossword puzzles, and other games of any type10,00030%
194BBR, NR, FCIncome from horse race winnings10,00030%
194CRPayment to contractor/sub-contractor:-

Individuals/HUF
Single transaction- 30,000

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

Other than Individuals/HUF
Single transaction- 30,000

Aggregate transactions- 1,00,000
2%
194DRInsurance commission to domestic companies15,00010%
194DRInsurance commission to other than companies15,0005%
194DARIncome for the insurance pay-out, while payment of any sum in respect of a life insurance policy.1,00,0005%
194ENR, FCPayment to non-resident sportsmen/sports associationNo limit20%
194EER, NRPayment of amount standing to the credit of a person under the National Savings Scheme (NSS)2,50010%
194FR, NRPayment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual FundNo limit20%
194GR, NR, FCPayments, commission, etc., on the sale of lottery tickets15,0005%
194HRCommission or brokerage15,0005%
194-IRRent on
plant and machinery
2,40,0002%
194-IRRent on
land/building/furniture/fitting
2,40,00010%
194-IARPayment in consideration of transfer of specific immovable property other than agricultural land.50,00,0001%
194-IBRRent payment by an individual or HUF not covered u/s. 194-I50,000 per month5%
194-ICRPayment under Joint Development Agreements (JDA) to Individual/HUFNo limit10
194JRAny sum paid by way of fee for professional services30,00010%
194JRAny sum paid by way of remuneration/fee/commission to a director30,00010%
194JRAny sum paid for not carrying out any activity concerning any business;30,00010%
194JRAny sum paid for not sharing know-how, patent, copyright, etc.30,00010%
194JRAny sum paid as a fee for technical services30,0002%
194JRAny sum paid by way of royalty towards the sale or distribution, or exhibition of cinematographic films30,0002%
194JRAny sum paid as fees for technical services, but the payee is engaged in the business of operation of the call center.30,0002%
194KRPayment of any income for units of a mutual fund, for example, dividendNo limit10%
194LARPayment in respect of compensation for acquiring certain immovable property2,50,00010%
194LBNR, FCPayment of interest on infrastructure debt fund to Non-ResidentNo limit5%
194LCNR, FCPayment 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%
194LCNR, FCPayment 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%
194LDNR, FCPayment of interest on bond (rupee-denominated) to FII or a QFINo limit5%
194LBA(1)RCertain income distributed by a business trust to its unitholderNo limit10%
194LBA(2)NR, FCInterest income of a business trust from SPV distribution to its unitholdersNo limit5%
194LBA(2)NR, FCDividend 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)NRRental income payment of assets owned by the business trust to the unitholders of such business trustNo limit30%
194LBA(3)FCRental income payment of assets owned by the business trust to the unitholders of such business trustNo limit40%
194LBBR, NRCertain income paid to a unitholder in respect of units of an investment fundNo limit10%
194LBBFCCertain income paid to a unitholder in respect of units of an investment fundNo limit40%
194LBCRIncome from investment in securitization fund received to an individual and HUFNo limit25%
194LBCRIncome from investment in securitization fund received to a domestic companyNo limit10%
194LBCFCIncome from investment in securitization fund received to a foreign companyNo limit40%
194LBCNRIncome from investment in securitization fund received to NRINo limit10%
194MRCertain payments by individuals/HUF are not liable to deduct TDS under Section 194C, 194H, and 194J50,00,0005%
194NR, NRCash withdrawal exceeding a certain amount1 crore2%
194NR, NRCash 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%
194ORPayment 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%
194PRPayment 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
194QRPayments for the purchase of goods50,00,0000.10%
194RRPrerequisite or benefit to a business or profession20,00010%
194SRTDS on the transfer of virtual digital assetsSpecified Persons- 50,000

Others- 10,000
1%
195NRIncome on investments made by NRI citizenNo limit20%
195NRIncome by way of LTCG referred to in section 115E in the case of NRINo limit10%
195NR, FCIncome by way of LTCG under section 112(1)(c)(iii)No limit10%
195NR, FCIncome by way of LTCG under section 112ANo limit10%
195NR, FCIncome by way of STCG under section 111ANo limit15%
195NR, FCAny other income by way of LTCGNo limit20%
195NR, FCInterest payable on money borrowed by the government or Indian concern in foreign currencyNo limit20%
195NR, FCIncome from royalty payable by the Indian concern or the government, for the copyright in a subject referred in the first proviso of section 115A or computer software referred to in the second proviso of section 115ANo limit10%
195NRIncome from royalty payable by government or Indian concern in pursuance of an agreement on matters included in the industrial policyNo limit10%
195FCIncome 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%
195FCIncome 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%
195NRIncome from technical fees payable by government or Indian concern in pursuance of an agreement on matters related to industrial policyNo limit10%
195FCIncome 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%
195FCIncome 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%
195NRAny other incomeNo limit30%
195FCAny other incomeNo limit40%
196BNR, FCIncome (including LTCG) from units of an offshore fundNo limit10%
196CNR, FCIncome (including LTCG) from foreign currency bonds or GDR of an Indian companyNo limit10%
196DNR, FCIncome (excluding dividend and capital gain) from Foreign Institutional Investors.No limit20%
  • *”R” denotes Resident,
  • “FC” denotes a Foreign company, and
  • “NR” denotes Non-Resident.

Read Also: New TDS Section 194R and benefit/perquisite of a business or profession

Note: 

  1. The Normal slab rates for FY 2022-23 for individuals and HUF remain unchanged in both the old and new tax regimes.
  2. Applicable surcharge and health and education cess shall be deducted in addition to the TDS rates deducted for NRI deductees.
  3. In the above TDS rate chart, the ‘Resident’ payee under the column ‘TDS deducted’ includes domestic companies.
  4. New Sections 194R and 194S are inserted in Budget 2022.

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