TDS Rates for Individuals & HUF (AY 2018-19)

TDS Rates

TDS Rates for Individuals & HUF (AY 2018-19)

TDS Rates

  1. For a resident person:

Particulars

TDS Rates

Section 192

Payment of salary

Normal Slab Rate

Section 192A

Payment of accumulated balance of taxable PF in the hands of an employee

10%

Section 193

Interest on securities and debentures:

a)      Issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;

b)      Issued by a company where such debentures are listed on a recognized stock exchange in accordance with the securities contracts regulation act, 1956 and any rule made thereunder;

c)      Any security of the Central or State Government;

d)      On any other security.

10%

Section 194

Dividend other than the dividend as referred to in Section 115-O

10%

Section 194A

Income by way of interest other than interest on securities

10%

Section 194B

Income by way of winnings from  lotteries, crossword puzzles, card games and other games of any sort

30%

Section 194BB

Income by way of winnings from horse races

30%

Section 194C

Payment to contractor/sub-contractor

a)

Individuals/HUF

1%

b)

Others

2%

Section 194D

Insurance commission

5%

Section 194DA

Payment of life insurance premium

1%

Section 194EE

Payment of deposit under National Savings scheme

10%

Section 194F

Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India

20%

Section 194G

Commission on sale of lottery tickets

5%

Section 194H

Commission or brokerage

5%

Section 194-I

Rent

a)

Plant & Machinery

2%

b)

Land/Building/Furniture/Fitting

10%

Section 194-IA

Payment on transfer of certain immovable property other than agricultural land

1%

Section 194-IB

Payment of rent by individual or HUF not liable to tax audit. (applicable from 1st June, 2017)

5%

Section 194-IC

Payment of monetary consideration under Joint Development Agreements

10%

Section 194J

Any sum paid as;

a)      Fee for professional services

b)      Fee for technical services

c)      Royalty

d)      Remuneration/fee/commission to a director

e)      For not carrying out any activity in relation to any business

f)       For not sharing any know-how, patent, copyright, etc.

(with effect from 1st June, 2017 TDS rate will be 2% for payee engaged in business of operation of call center)

10%

Section 194LA

Payment of compensation on acquisition of certain immovable property

(with effect from 1st April, 2017 no deduction of tax will be made on any payment which is exempt from levy of income-tax under Right to Fair Compensation Act, 2013)

10%

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 out any real estate asset owned directly by it, to its unit holders.

10%

Section 194LBB

Investment fund paying an income to a unit holder (other than income which is exempt U/S 10(23FBB))

10%

Section 194LBC

Income from investment made in a securitization trust

a)

Individual or HUF

25%

b)

Any other person

30%

Any other income

10%

 

  1. For a non-resident person:

Particulars

TDS Rates

Section 192

Payment of Salary

Normal Slab Rate

Section 192A

Payment of accumulated PF balance taxable in the hands of an employee

10%

Section 194B

Income from winnings from lotteries, crossword puzzles, card games and other games of any sort

30%

Section 194BB

Income from winnings from horse races

30%

Section 194E

Payment to non-resident sportsmen/sports association

20%

Section 194EE

Payment for deposits under National Savings Scheme

10%

Section 194F

Payment for repurchase of unit by Mutual Fund or Unit Trust of India

20%

Section 194G

Commission on sale of lottery tickets

5%

Section 194LB

Payment of interest on infrastructure debt fund

5%

Section 194LBA(2)

Business trust shall deduct tax while distribution of any interest income received or receivable by it from a SPV to its unit holders

5%

Section 194LBA(3)

Business trust shall deduct tax while distributing any interest income renting or leasing or letting out any real estate asset owned directly by it to its unit holders.

30%

Section 194LBB

Investment fund paying an income to a unit holder (other than income which is exempt U/S 10(23FBB))

30%

Section 194LBC

Income from investment made in a securitization trust

30%

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 long-term bonds (including long-term infrastructure bond)

(with effect from 1st April, 2018 benefit of such concessional TDS rate has been further extended by 3 years. Now TDS at concessional rate of 5% will be applicable for borrowings made before 1st July, 2020)

5%

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

(with effect from 1st April, 2018 benefit of such concessional TDS rate has been further extended by 3 years. Now TDS at concessional rate of 5% will be applicable for borrowings made before 1st July, 2020)

5%

Section 195

Payment of any other sum to a Non-resident

a)

Income from investment made by a non-resident Indian Citizen

20%

b)

Income from long-term capital gains referred to in section 115E for non-resident Indian Citizen

 

10%

c)

Income from long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-section (1) of section 112

 

10%

d)

Income from short-term capital gains referred to in section 111A

15%

e)

Any other income from long-term capital gains

20%

f)

Income from interest payable by Government or 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)

20%

g)

Income from royalty 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 in respect of copyright in any book on a subject referred to in the first provision to sub-section (1A) of section 115A, to the Indian concern, or in respect of any computer software referred to in the second provision to sub-section (1A) of section 115A of the income tax act, to a person resident in India.

10%

h)

Income from royalty (not being royalty of the nature referred to point (g) above) payable by government or 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 long time in force, of the Government of India, the agreement is in accordance with the policy.

10%

i)

Income by way of fees for technical services 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.

10%

j)

Any other income

30%

Section 196B

Income from units to an offshore fund (including long-term capital gain on transfer of such units)

10%

Section 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%

Section 196D

Income of foreign Institutional Investors from securities (not being dividend or capital gain)

20%

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