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


Section Nature of Payment Threshold Limit (Rs) TDS Rate (%)
192 Payment of salary Basic exemption limit Normal Slab Rate
192A Premature EPF withdrawal 50,000 10%, without PAN number is now 20%
193 Interest on securities 10,000 10%
194 Payment of any dividend 5,000 10%
194A Interest other than “Interest on securities” 40,000, 50,000 (for senior citizens) 10%
194A Interest other than “Interest on securities” u/s 193 5,000 10%
194B Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort 10,000 30%
194BA Income from online games NA 30%
194BB Income from horse races 10,000 30%
194C Payment to contractor/sub-contractor (HUF/Individuals) Single contractor payment 30,000 Aggregate contractor payment 1,00,000 1%
194C Payment to contractor/sub-contractor (Others) Single contractor payment 30,000 Aggregate contractor payment 1,00,000 2%
194D Insurance commission (Domestic Companies) 15,000 10%
Insurance commission (Other than companies) 15,000 5%
194DA Payment in respect of life insurance policy 1,00,000 5%
194E Payment to non-resident sportsmen/sports association NA 20%
194EE Payment in respect of deposit under National Savings scheme 2,500 10%
194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India NA 20%
194G Commission, etc., on sale of lottery tickets 15,000 5%
194H Commission or brokerage 15,000 5%
194-I Rent – Plant & Machinery 2,40,000 2%
194-I Rent – Land or building or furniture or fitting 2,40,000 10%
194-IA Payment for transfer of immovable property other than agricultural land 50,00,000 1%
194-IB Payment of rent by individual or HUF not liable to tax audit 50,000 5%
194-IC Payment that are made under Joint Development Agreement (JDA) to Individual/HUF NA 10%
194J Fees for professional or technical services
194J Amount paid towards fees for technical services 30,000 2%
194J Amount paid as royalty for sale/distribution/exhibition of cinematographic films 30,000 2%
194J Professional services fees 30,000 10%
194K Income in respect of units payable to resident person (e.g. dividends) NA 10%
194LA Payment of compensation on acquisition of certain immovable property 2,50,000 10%
194LB Payment of interest on infrastructure bonds to Non-Resident Indians NA 5%
194LC Payment 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 bonds NA 5% or 4%
194LD Payment of interest on rupee-denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor NA 5%
194LBA(1) Certain income distributed by a business trust among its unit holder NA 10%
194LBB Investment fund paying income to a unit holder NA 10% for resident, 40% for foreign company
194LBC Income in respect of investment made in a securitisation trust NA 25% for Individual or HUF, 10% for Domestic Company or NRI, 40% for Foreign Company
194M Payments by Individual/HUF not liable to deduct TDS under Section 194C, 194H, and 194J 50,00,000 5%
194N Cash withdrawal exceeding a certain amount Co-operative society – 3 Crore, Others – 1 crore 2%
194N Cash 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 crore 2% / 5%
194O Payment by the e-commerce operator to e-commerce participant 5,00,000 1%, Without PAN 5%
194P Deduction of tax by specified bank in case of senior citizen having age of 75 or more Basic exemption limit Normal tax slab rates
194R Perquisite or benefit to a business or profession 20,000 10%
194S Payment on transfer of Virtual Digital Asset Specified Persons- 50,000, Others- 10,000 1%
195 Income in respect of investment made by a Non-resident Indian Citizen 20%
195 Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen 10%
195 Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112 10%
195 Income by way of long-term capital gains as referred to in Section 112A 10%
195 Income by way of short-term capital gains referred to in Section 111A 15%
195 Any other income by way of long-term capital gains 20%
196B Income from units (including long-term capital gain on transfer of such units) to an offshore fund 10%
196C Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) 10%
196D Income of foreign Institutional Investors from securities  20%


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