TDS Rate Chart for FY 2023-24


TDS or Tax Deducted at Source is a tax collection method in India where the individual or entity making the payment deducts a specific percentage of tax from the payment and submits it to the government. TDS is applicable to a wide range of payments, including salaries, interest, rent, commission, professional fees, and more. The rate of TDS varies based on the type of payment and the recipient’s status.

TDS Rate Chart for FY 2023-24


SectionNature of PaymentThreshold Limit (Rs)TDS Rate (%)
192Payment of salaryBasic exemption limitNormal Slab Rate
192APremature EPF withdrawal50,00010%, without PAN number is now 20%
193Interest on securities10,00010%
194Payment of any dividend5,00010%
194AInterest other than “Interest on securities”40,000, 50,000 (for senior citizens)10%
194AInterest other than “Interest on securities” u/s 1935,00010%
194BIncome by way of winnings from lotteries, crossword puzzles, card games and other games of any sort10,00030%
194BAIncome from online gamesNA30%
194BBIncome from horse races10,00030%
194CPayment to contractor/sub-contractor (HUF/Individuals)Single contractor payment 30,000 Aggregate contractor payment 1,00,0001%
194CPayment to contractor/sub-contractor (Others)Single contractor payment 30,000 Aggregate contractor payment 1,00,0002%
194DInsurance commission (Domestic Companies)15,00010%
Insurance commission (Other than companies)15,0005%
194DAPayment in respect of life insurance policy1,00,0005%
194EPayment to non-resident sportsmen/sports associationNA20%
194EEPayment in respect of deposit under National Savings scheme2,50010%
194FPayment on account of repurchase of unit by Mutual Fund or Unit Trust of IndiaNA20%
194GCommission, etc., on sale of lottery tickets15,0005%
194HCommission or brokerage15,0005%
194-IRent – Plant & Machinery2,40,0002%
194-IRent – Land or building or furniture or fitting2,40,00010%
194-IAPayment for transfer of immovable property other than agricultural land50,00,0001%
194-IBPayment of rent by individual or HUF not liable to tax audit50,0005%
194-ICPayment that are made under Joint Development Agreement (JDA) to Individual/HUFNA10%
194JFees for professional or technical services
194JAmount paid towards fees for technical services30,0002%
194JAmount paid as royalty for sale/distribution/exhibition of cinematographic films30,0002%
194JProfessional services fees30,00010%
194KIncome in respect of units payable to resident person (e.g. dividends)NA10%
194LAPayment of compensation on acquisition of certain immovable property2,50,00010%
194LBPayment of interest on infrastructure bonds to Non-Resident IndiansNA5%
194LCPayment of interest by an Indian Company or business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bondsNA5% or 4%
194LDPayment of interest on rupee-denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign InvestorNA5%
194LBA(1)Certain income distributed by a business trust among its unit holderNA10%
194LBBInvestment fund paying income to a unit holderNA10% for resident, 40% for foreign company
194LBCIncome in respect of investment made in a securitisation trustNA25% for Individual or HUF, 10% for Domestic Company or NRI, 40% for Foreign Company
194MPayments by Individual/HUF not liable to deduct TDS under Section 194C, 194H, and 194J50,00,0005%
194NCash withdrawal exceeding a certain amountCo-operative society – 3 Crore, Others – 1 crore2%
194NCash withdrawal for those persons who have not filed ITR for three previous years immediately preceding the previous year if exceeds Rs. 20 / if exceeds Rs. 1 crore2% / 5%
194OPayment by the e-commerce operator to e-commerce participant5,00,0001%, Without PAN 5%
194PDeduction of tax by specified bank in case of senior citizen having age of 75 or moreBasic exemption limitNormal tax slab rates
194RPerquisite or benefit to a business or profession20,00010%
194SPayment on transfer of Virtual Digital AssetSpecified Persons- 50,000, Others- 10,0001%
195Income in respect of investment made by a Non-resident Indian Citizen20%
195Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen10%
195Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 11210%
195Income by way of long-term capital gains as referred to in Section 112A10%
195Income by way of short-term capital gains referred to in Section 111A15%
195Any other income by way of long-term capital gains20%
196BIncome from units (including long-term capital gain on transfer of such units) to an offshore fund10%
196CIncome from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)10%
196DIncome of foreign Institutional Investors from securities 20%


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