Hi Guys
This is Ravi Verma, In this article, I will tell about the rate of TDS
Let’s start,
The Government of India has imposed different rates of TDS on all the individuals on different incomes so that all the individuals continue to pay tax on their income to the government.
TDS rate chart for FY 2022 – 2023
| SECTION | NATURE OF PAYMENT | RATE% | |
| 193 | INTEREST ON SECURITIES | SLAB RATE | |
| 194 | Dividend | 10% | |
| 194IC | Payment under specified agreement | 10% | |
| 194N | Payment of a certain amount in cash | 2% | |
| 194A | Interest other than interest on securities | 10% | |
| 194B | Winning from lottery and puzzels | 30% | |
| 194BB | Winning from horse race | 30% | |
| 194C | Payment of Contractor and sub-contractor | 2% | |
| 194D | Insurance Commission | Persons other than a company 5% Domestic Company 10% | |
| 194EE | Payment in respect of deposit under national saving scheme | 20% | |
| 194F | Payment on account of re-purchase of unit by mutual fund and unit | 20% | |
| 194G | Commission prize etc. on sale of lottery ticket | 5% | |
| 194H | Commission on brokerage | 5% | |
| 194I (a) | Rent on machinery, plant, or Equipment (applicable from 2013-2014 onward) | 2% | |
| 194I(b) | Rent on land or building (applicable from 2013-2014 onward) | 10% | |
| 194J(a) | fee for technical service | 10% | |
| 194J(b) | fee for professional service and royalty | 2% | |
| 194K | TDS on income from mutual fund units | 10% | |
| 194LA | Payment of compensation on acquisition of certain immovable properties | 10% | |
| 194O | TDS on E-commerce transaction | 1% | |
| 194Q | Payment of certain sums of purchase of goods | 0.1% | |
| 194DA | payment in respect of life insurance policy (applicable from FY 2014-2015 Q3 onward) | 5% | |
| 192AA | Payment of accumulated balance due to an employee made by the trustee of the employees provided fund scheme 1952 (applicable for statement | 10% | |
| 194LBB | Income in respect of units of investment fund (applicable for statements pertaining to FY 2015 – 2016 onwards) | 10% | |
| 194IA | TDS on sale of property | 1% | |
| 194LBC | Income in respect of investment in securitization trust | if the payee is a resident @25 if the payee is a non-resident @30 + SC + HEC | |
| 194LBA(a) | Certain income in the form of interest from units of a business trust to a residential unit holder | 10% | |
| 194LBA(b) | Certain income in the form of dividends from units of a business trust to a residential unit holder | 10% | |
| 194NF | Payments of certain amounts in case to non-filers. | 2% |
Thanks,