S. No.

Section Nature of Payment Threshold Rate of TDS Time of Deduction Remarks

1 192 Salaries Basic Exemption Limit Average Rate Payment
2 192A Premature Withdrawal from EPF ₹ 50,000 10% Payment
1. 7.75%/8% Bonds - ₹10,000
3 193 Interest on Securities 2. Interest on Debentures - ₹5,000 10% (P/C)E
3. Others - No Threshold
1. Individuals - ₹5,000
4 194 Dividends 10% Before Payment
2. Others - No Threshold
1. From Banks/Post Office/Co-Operative Banks: ₹40,000 (₹50,000 for Senior Citizens) If the payer is an Individual or HUF, he is liable to deduct TDS only if his turnover from Business in the last F.Y. > ₹1 crore, or receipts from profession > ₹50
5 194A Interest Other Than on Securities 10% (P/C)E
2. From Others: ₹5,000 lakhs
6 194AB Winnings from Lotteries etc ₹10,000 30% Payment
1. At the end of the financial year
7 194BA Winnings from Online Games No Threshold 30% TDS is deducted is only on the amount of net winnings
2. At the time of withdrawal
8 194BB Winnings from Horse Races ₹10,000 30%
1. If the payer is an Individual or HUF, he is liable to deduct TDS only if his turnover from Business in the last F.Y. > Rs.1 crore, or receipts from profession >
Rs.50 lakhs.
2.No TDS is required if the payment is made for personal purposes.
1.Single Payment: Rs. 30,000 1. 1% (For Payment to Individuals)
9 194C Contractors (P/C)E 3.Contract includes work contract (ABC2M)- A: Advertising; B: Broadcasting/Telecasting; C: Catering; C: Carriage of goods or passengers; M: Manufacturing as
2. Aggregate Payment in a year: Rs. 1,00,00 2. 2% (For Payment to Others)
per customer specifications using material purchased from customer.
4. No TDS on payment tp transport operators if following conditions are satisfies - 1) Owns <= 10 goods carriages in a year; 2) Engaged in the business of
plying, leasing goods carriage; 3) Has furnished declaration along with PAN
1. 5% (For Non Corporates)
10 194D Insurance Commission Rs.15,000 (P/C)E
2. 10% (For Domestic Companies)
11 194-DA Payment in Respect of Life Insurance Policy >= Rs.1,00,000 5% Payment TDS is deducted is only on the amount of income compromisded therein.
12 194G Commission on sale of Lottery Rs.15,000 5% (P/C)E
If the payer is an Individual or HUF, he is liable to deduct TDS only if his turnover from Business in the last F.Y. > Rs.1 crore, or receipts from profession > Rs.50
13 194H Commission on Brokerage Rs.15,000 5% (P/C)E
lakhs.
1.2% (for P&M) If the payer is an Individual or HUF, he is liable to deduct TDS only if his turnover from Business in the last F.Y. > Rs.1 crore, or receipts from profession > Rs.50
14 194I Rent Rs.2,40,000 (P/C)E
2. 10% (for L&B, F&F) lakhs.
1. TDS is to be deducted only if the SDV or the consideration exceeds ₹50 lakh.
15 194-IA Payment on Transfer of Certain Immovable Property other than Agricultural land >= Rs. 50 lakhs (consideration or stamp duty value) 1% (P/C)E 2. Rate of TDS is applied on the consideration or SDV, whichever is higher.
3. TDS is not deducted on purchase of rural agricultural land.
1. Individuals or HUFs having turnover from business in the last P.Y. exceeding ₹1 crore, or professional receipts exceeding ₹50 lakhs are not required to
16 194-IB Payment of Rent by Certain Individuals or HUF > Rs. 50,000 for a month 5% (P/C)E deduct TDS under this section.
2. TDS is to be deducted from the rent of the last month only. However, the amount of TDS cannot exceed the amount of rent for the last month.
1.Fees for Professional Services 1.Fees for Professional Services: 10%
1.Fees for Professional Services = Rs. 30,000
2.Techinal Services 2.Techinal Services: 2%
2.Techinal Services = Rs. 30,000
3. Royalty (flims) 3. Royalty (flims): 2% If the payer is an Individual or HUF, he is liable to deduct TDS only if his turnover from Business in the last F.Y. > ₹1 crore, or receipts from profession > ₹50
17 194J 3. Royalty = Rs. 30,000 (P/C)E
4. Royalty (others) 4. Royalty (others): 10% lakhs
4. Non-Competent Fee = Rs. 30,000
5. Non-Competent Fee 5. Non-Competent Fee: 10%
5. Directors' Remuneration = No Threshold
6. Directors' Remuneration 6. Directors' Remuneration: 10%
18 194K Income from Units > Rs. 5000 10% (P/C)E
19 194LA Compulsory Acquistion of Immovable Property > Rs. 2,50,000 10% (P/C)E
1.Payment to Construction(194C)
20 194M 2.Commission or Brokerage (194H) Rs. 50,00,000 5% (P/C)E
3.Profession/Technical Fees (194J)
1. 2% [on amount exceeding Rs. 1cr (for non-
1. Rs.1cr (for Non Defaulter Individuals) defaulters)]
21 194N Cash Withdrawals from Bank 2. Rs. 20lakhs (for Defaulter Individuals) 2. 2% [(on amount from Rs. 20 lakhs to Rs. 1cr) Payment You're a defaulter if you haven't filed the return of income for the three preceeding the relevant PY.
3. Rs. 3cr 9for Co-operative society) and 5%(on amount exceeding Rs. 1cr) (for
defaulters)]
Specified Senior Citizen is an inividual:
1. Resident of India
22 194P Pension Payments to Specified Senior citizens Basic Exemption Limit Average Rate Payment 2. Age >= 75
3. Pension and interest from the same bank
Such specified senior citizen need not file Income Tax Return.
If the payer is an Individual or HUF, he is liable to deduct TDS only if his turnover from Business in the last F.Y. > ₹1 crore, or receipts from profession > ₹50
23 194R Perquisites to Non-Salaried People Rs. 20,000 10% Before Payment
lakhs

Note: TDS u/s 194-IA is required to be deducted from the payment made by the transferee to the transferor of the immovable property, if the sale
consideration or the SDV of the property is greater than or equal to ₹50,00,000. In the present case, the consideration is less than ₹50,00,000, but the SDV is
more than ₹50,00,000. Therefore, TDS provisions u/s 194-IA are attracted. The rate of TDS is 1% on Sale Consideration or SDV, whichever is higher. Since the
SDV is higher than the sale consideration, TDS will be calculated on the amount of SDV. Therefore, TDS = 1% 55,00,000 = ₹55,000.

1. Daru, Kabaad aur Minerals - 1%

Buyer cannot be Governments, etc., or an individual who purchases these things for personal consumption.
2. Timber (With or Without Forest Lease) - 2.5%
1 206C(1) Sale of Certain Goods Seller can only be Governments, companies, firms, etc. However, an individual can also be considered as a seller only if his turnover from business > ₹1 crore
3. Other Forest Produce - 2.5%
or receipts from profession > ₹50 lakhs in the last F.Y.
4. Tendu Leaves - 5%
2 206(1C) Licensing Parking Lot, Toll Plaza, Mine or Quarry 2%
Seller can only be Governments, companies, firms, etc. However, an individual can also be considered as a seller only if his turnover from business > ₹1 crore
3 206C(1F) Sale of Motor Car ₹10,00,000 1%
or receipts from profession > ₹50 lakhs in the last F.Y.
1. Ghoomne
Upto 30-09-2023: 5%
01-10-2023 onwards:
Upto ₹7,00,000: 5%
Above ₹7,00,000: 20%
2. Education and Medical Treatment
Upto ₹7,00,000: NIL
Above ₹7,00,000: 5%
3. For other than 2:
4 206C(1G) Overseas Remittance; Overseas Tour Package (R/D)E
Upto 30-09-2023:
Upto ₹7,00,000: NIL
Above ₹7,00,000: 5%
01-10-2023 onwards:
Upto ₹7,00,000: NIL
Above ₹7,00,000: 20%
4. For Loan u/s 80E:
Upto ₹7,00,000: NIL
Above ₹7,00,000: 0.5%
5 206C(1H) Sale of Goods ₹50,00,000 0.1% on amount exceeding ₹50 lakh Receipt Seller wohi hoga jiska pichhle saal ka business turnover > ₹10 crore hoga