Latest TDS rate chart for the FY 2024-25
This TDS rate chart for FY 2024-25 provides an updated and complete list of the TDS rates covering all sections, with all the latest amendments. It serves as a helpful reference for taxpayers and professionals in determining the correct tax deduction at source for various types of income.
| Section | Particulars | Deductee is person other than a company | Deductee is company | ||
|---|---|---|---|---|---|
| Resident | Non resident | Domestic | Foreign | ||
| TDS Rates | TDS Rates* For NRI: The rate of TDS shall be increased by applicable surcharge and cess. |
TDS Rates | TDS Rates* For NRI: The rate of TDS shall be increased by applicable surcharge and cess. |
||
| Section 192: | Payment of salary | Normal Slab Rate | Normal Slab Rate | NA | NA |
| Section 192A: | Payment of accumulated balance of provident fund which is taxable in the hands of an employee. | 10 | 10 | NA | NA |
| Section 193: | Interest on securities | ||||
| a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act; | 10 | NA | 10 | NA | |
| b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; | 10 | NA | 10 | NA | |
| c) any security of the Central or State Government; [i.e. 8% Savings (Taxable) Bonds, 2003 and 7.75% Saving (Taxable) Bonds, 2018, Floating Rate Savings Bonds, 2020 (Taxable) or any other notified security] | 10 | NA | 10 | NA | |
| d) interest on any other security | 10 | NA | 10 | NA | |
| Section 194: | Income by way of dividend | 10 | NA | 10 | NA |
| Section 194A: | Income by way of interest other than “Interest on securities” | 10 | NA | 10 | NA |
| Section 194B: | Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort, or from gambling or betting of any form or nature whatsoever. | 30 | 30 | 30 | 30 |
| Section 194BA: | Income by way of winnings from any online game | 30 | 30 | 30 | 30 |
| Section 194BB: | Income by way of winnings from horse races | 30 | 30 | 30 | 30 |
| Section 194C: | Payment to contractor/sub-contractor | ||||
| a) HUF/Individuals | 1 | NA | 1 | NA | |
| b) Others | 2 | NA | 2 | NA | |
| Section 194D: | Insurance commission | 5 | NA | 10 | NA |
| Section 194DA: | Payment in respect of life insurance policy w.e.f. 1/9/2019, the tax shall be deducted on the amount of income comprised in insurance pay-out | ||||
| – Up to 30/09/2024 | 5 | NA | 5 | NA | |
| – From 01/10/2024 | 2 | NA | 2 | NA | |
| Section 194E: | Payment to non-resident sportsmen/sports association | NA | 20 | 20 | 20 |
| Section 194EE: | Payment in respect of deposit under National Savings scheme | 10 | 10 | 10 | NA |
| Section 194F: | The provisions of this section are not applicable with effect from 01-10-2024 | 20 | 20 | 20 | NA |
| Section 194G: | Commission, etc., on sale of lottery tickets | ||||
| – Up to 30/09/2024 | 5 | 5 | 5 | 5 | |
| – From 01/10/2024 | 2 | 2 | 2 | 2 | |
| Section 194H: | Commission or brokerage | ||||
| – Up to 30/09/2024 | 5 | NA | 5 | NA | |
| – From 01/10/2024 | 2 | NA | 2 | NA | |
| Section 194-I: | Rent | ||||
| a) Plant & Machinery | 2 | NA | 2 | NA | |
| b) Land or building or furniture or fitting | 10 | NA | 10 | NA | |
| Section 194-IA: | Payment on transfer of certain immovable property other than agricultural land | 1 | NA | 1 | NA |
| Section 194-IB: | Payment of rent by individual or HUF not liable to tax audit | ||||
| – Up to 30/09/2024 | 5 | NA | NA | NA | |
| – From 01/10/2024 | 2 | NA | NA | NA | |
| Section 194-IC: | Payment of monetary consideration under Joint Development Agreements | 10 | NA | 10 | NA |
| Section 194J: | With effect from June 1, 2017 the rate of TDS would be 2% in case of payee engaged in business of operation of call center. | ||||
| i) sum paid or payable towards fees for technical services | 2 | NA | 2 | NA | |
| ii) sum paid or payable towards royalty in the nature of consideration for sale, distribution or exhibition of cinematographic films; | 2 | NA | 2 | NA | |
| iii) Any other sum | 10 | NA | 10 | NA | |
| Section 194K: | Income in respect of units payable to resident person | 10 | NA | 10 | NA |
| Section 194LA: | Payment of compensation on acquisition of certain immovable property | 10 | NA | 10 | NA |
| Section 194LB: | Payment of interest on infrastructure debt fund | NA | 5 | NA | 5 |
| Section 194LBA(1): | Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders. | 10 | NA | 10 | NA |
| Sec. 194LBA(2): | Payment of the nature referred to in Section 10(23FC)(a) | NA | 5 | NA | 5 |
| Section 194LBA(2): | Payment of the nature referred to in Section 10(23FC)(b) | NA | 10 | NA | 10 |
| Section 194LBA(3): | Payment of the nature referred to in section 10(23FCA) by business trust to unit holders | NA | 30 | NA | 40 |
| Section 194LBB: | Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] | 10 | 30 | 10 | 40 |
| Section 194LBC: | Income in respect of investment made in a securitisation trust (specified in Explanation of section 115TCA) | Na | 30 | 10 | 40 |
| in case of Individual or HUF | 25 | NA | NA | NA | |
| in case of other person | 30 | Na | NA | NA | |
| Section 194LC: | Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond) | NA | 5 | NA | 5 |
| * In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC | NA | 4 | NA | 4 | |
| ** Where money borrowed from a source outside India by issuing a long- term bond or rupee- denominated bond on or after 01-04-2023, which is listed only on a recognised stock exchange located in an IFSC | NA | 9 | NA | 9 | |
| Section 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 | NA | 5 |
| Section 194M: | Payment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J. w.e.f. 1/09/2019 when aggregate of sum credited or paid during a financial year exceeds Rs. 50 lakh. | ||||
| – Up to 30/09/2024 | 5 | NA | 5 | NA | |
| – From 01/10/2024 | 2 | NA | 2 | NA | |
| Section 194N | Cash withdrawal during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office: | ||||
| A) Person who has not filed Income tax returns for latest three financial year within due date u/s 139(1) | |||||
| Cash withdrawn 20 Lakhs to 01 Crore | 2 | NA | 2 | NA | |
| Cash withdrawn above 01 Crore | 5 | NA | 5 | NA | |
| B) Other persons (compliant) | |||||
| Cash withdrawn above 01 Crore | 2 | NA | 2 | NA | |
| #if recipient is co op society then read 03crore instead of 01 crore | |||||
| Section 194O: | Payment or credit of amount by the e-commerce operator to e-commerce participant | ||||
| – Up to 30/09/2024 | 1 | NA | 1 | NA | |
| – From 01/10/2024 | 0.1 | NA | 0.1 | NA | |
| Section 194P: | Deduction of tax by specified bank of senior citizen with age of 75 or more | Tax on total income as per rate in force | NA | Tax on total income as per rate in force | NA |
| Section 194Q: | TDS is deductible on sum exceeding Rs. 50 lakhs | 0.1 | NA | 0.1 | NA |
| Section 194R: | Benefit or perquisite should be arising from business or the exercise of a profession by such resident. | 10 | NA | 10 | NA |
| Section 194S: | Payment on transfer of Virtual Digital Asset | 1 | NA | 1 | NA |
| No tax will be deducted under this section if: •The payer is not a specified person Specified Person: • An individual or HUF whose business turnover is less than Rs. 1 crore or professional receipts are less than Rs. 50 lakh in the previous financial year. • An individual or HUF with no income from business or profession. , and the payment does not exceed Rs. 10,000 in a FY.•The payer is a specified person Specified Person: • An individual or HUF whose business turnover is less than Rs. 1 crore or professional receipts are less than Rs. 50 lakh in the previous financial year. • An individual or HUF with no income from business or profession. , and the payment does not exceed Rs. 50,000 in a FY. |
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| Section 194T: | Payments of any sum in the nature of salary, remuneration, commission, bonus or interest to a partner of the firm exceeding Rs 20,000 during the FY. (W.e.f 01/04/2025) | 10 | NA | NA | NA |
Section 195: |
Payment of any other sum to a Non-resident | ||||
| a) Income in respect of investment made by a Non-resident Indian Citizen | NA | 20 | NA | NA | |
| b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen, in respect of transfer which takes place: | NA | NA | NA | ||
| • Before 23-07-2024 | NA | 10 | NA | NA | |
| • On or after 23-07-2024 | NA | 12.5 | NA | NA | |
| c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112, in respect of transfer which takes place: | NA | NA | NA | ||
| • Before 23-07-2024 | NA | 10 | NA | 10 | |
| • On or after 23-07-2024 | NA | 12.5 | NA | 12.5 | |
| d) Income by way of long-term capital gains as referred to in Section 112A exceeding Rs. 1,25,000 in respect of transfer which takes place: | NA | NA | |||
| • Before 23-07-2024 | NA | 10 | NA | 10 | |
| • On or after 23-07-2024 | NA | 12.5 | NA | 12.5 | |
| e) Income by way of short-term capital gains referred to in Section 111A in respect of transfer which takes place: | NA | NA | |||
| • Before 23-07-2024 | NA | 15 | NA | 15 | |
| • On or after 23-07-2024 | NA | 20 | NA | 20 | |
| f) Any other income by way of long-term capital gains [not being long-term capital gains referred to in sections 10(33), 10(36)], in respect of transfer which takes place: | |||||
| • Before 23-07-2024 | NA | 20 | NA | 20 | |
| • On or after 23-07-2024 | NA | 12.5 | NA | 12.5 | |
| g) Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC) | NA | 20 | NA | 20 | |
| h) Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a person resident in India | NA | 20 | NA | 20 | |
| i) Income by way of royalty [not being royalty of the nature referred to point h) above] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy | NA | 20 | NA | ||
| A. where the agreement is made after the 31st day of March, 1961 but before the 1st day of April, 1976 | NA | NA | 50 | ||
| B. where the agreement is made after the 31st day of March, 1976 | NA | NA | 20 | ||
| j) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy | NA | 20 | NA | ||
| A. where the agreement is made after the 29th day of February, 1964 but before the 1st day of April, 1976 | NA | NA | 50 | ||
| B. where the agreement is made after the 31st day of March, 1976 | NA | NA | 20 | ||
| k) Any other income | NA | 30 | NA | 35 | |
| Section 196B: | Income from units referred to in section 115AB(1)(i) | NA | 10 | NA | 10 |
| Section 196B: | Long-term capital gain on transfer of units referred to in section 115AB, in respect of transfer which takes place: | ||||
| • Before 23-07-2024 | NA | 10 | NA | 10 | |
| • On or after 23-07-2024 | NA | 12.5 | NA | 12.5 | |
| Section 196C: | Income by way of interest or dividends in respect of bonds or GDR referred to in section 115AC | NA | 10 | NA | 10 |
| Section 196C: | Long-term capital gain arising from transfer of bonds or GDR referred to in section 115AC, in respect of transfer which takes place: | ||||
| • Before 23-07-2024 | NA | 10 | NA | 10 | |
| • On or after 23-07-2024 | NA | 12.5 | NA | 12.5 | |
| Section 196D: | Tax shall be deducted at the rate provided under DTAA if same is lower than the existing TDS rate of 20%. | NA | 20 | NA | 20 |
| Section 196D(1A): | Since recipient of income is a specified fund, surcharge & health and education cess shall be nil. | NA | 20 | NA | 20 |
* For NRI: The rate of TDS shall be increased by applicable surcharge and cess.
Amended TDS Rate Table for FY 2024-25
