TDS Rates for the Financial Year 2024-25 ( Assessment Year 2025-26)
Introduction:
Updated On 01 Oct 2024 {alertSuccess}
*TDS Rate Updates
Section 194D : Payment of Insurance Commission other then company
2% from 1st Apr 2025
Section 194DA : Payment of life insurance policy
2% from 1st Oct 2024
Section 194G : Commission on sale of lottery tickets
2% from 1st Oct 2024
Section 194H : Payment of commission or brokerage
2% from 1st Oct 2024
Section 194-IB : Payment of Rent by certain individuals or HUF
2% from 1st Oct 2024
Section 194M : Payment of certain sums by certain individuals or HUFs
2% from 1st Oct 2024
Section 194-O : Payment of certain sum by e-commerce operator to e-commerce participants
0.1% from 1st Oct 2024
Section 194F : Payment on account of repurchase of units by mutual funds or UTI
(Not Applicable) Ommited from 1st Oct 2024 {alertInfo}
| TDS Section | Nature of Transaction | Limit (Rs) | TDS Rates |
|---|---|---|---|
| 192 | Salary | Basic exemption limit | As per applicable Income tax slab rates |
| 192A | Premature Withdrawal of EPF | 50,000 | 10% rate of TDS if PAN is provided. Without PAN is 20%. |
| 193 | Interest on securities | Debenture:5,000 Saving Bond: 10,000 Other: No Limit |
10% |
| 194 | Dividend | 5,000 | 10% |
| 194A | Interest on bank deposits or post office deposits | Senior Citizens- 50,000 Others- 40,000 |
10% for both |
| 194A | Interest other then interest on securities and interest on bank deposits. | 5,000 | 10% |
| 194B | Income from lottery winnings, puzzles, crosswords, card games, etc. | 10,000 | 30% |
| 194BA | Earnings from online games | Nil | 30% |
| 194BB | Income from horse race | 10,000 | 30% |
| 194C | Payment to subcontractor/contractor | Single transaction- 30,000 Aggregate transactions- 1,00,000 |
◾HUF/Individuals: 1% ◾Others: 2% |
| 194D | Insurance commission to: ◾a) Individuals ◾b) Companies |
15,000 15,000 |
*5% 10% |
| 194DA | Payment made towards life insurance policy | 1,00,000 | *5% 2% from 1st Oct 2024 |
| 194E | Payment to non-resident sports association/ sportsmen | Not specified | 20% |
| 194EE | Payment to National Savings Scheme | 2,500 | 10% |
| 194F | Payment for the re-purchase of the unit by Mutual Fund or UTI | Not specified | *20% N/A From 1st Oct 2024 |
| 194G | Commission on selling lottery tickets | 15,000 | *5% 2% from 1st Oct 2024 |
| 194H | Commission/brokerage | 15,000 | *5% 2% from 1st Oct 2024 |
| 194-I | Rent: | ||
| 194-I(a) | ◾plant and machinery | 2,40,000 | 2% |
| 194-I(b) | ◾land/building/furniture/fitting | 2,40,000 | 10% |
| 194-IA | Payment on transfer of immovable property except agricultural land | 50,00,000 | 1% |
| 194-IB | Rent paid by HUF/Individual who is not required to conduct tax audit | 50,000 per month | *5% 2% from 1st Oct 2024 |
| 194-IC | Payment under JDA, Joint Development Agreements | Not specified | 10% |
| 194J | Fees paid for –
◾Technical services |
30,000 30,000 |
2% 2% |
| 194J | Professional services | 30,000 | 10% |
| 194K | Earnings from units payable to a resident | Not specified | 10% |
| 194LA | Compensation for acquiring an immovable property | 2,50,000 | 10% |
| 194LB | Interest paid to Non-resident on Infrastructure Debt Fund | Not specified | 5% |
| 194N | Cash withdrawal exceeding a specific amount | 1 crore | 2% |
| 194N | Cash withdrawal from multiple bank accounts during the previous year | ||
| ◾Amount exceeding 1 crore (exceeding 20 lakhs for people not filing ITR for previous 3 years) | 1 Crore | 2% | |
| ◾Aggregate cash withdrawal exceeding 20 lakhs | 20 lakhs | 2% | |
| ◾Aggregate cash withdrawal exceeding 1 crore | 1 crore | 5% | |
| 194O | Payment to e-commerce participant by e-commerce operator | 5,00,000 | *1% 0.1% from 1st Oct 2024 5% in case PAN is not provided |
| 194P | TDS for senior citizens aged over 75 years | Basic exemption limit | Normal tax slab rates |
| 194Q | Purchase of goods after 1.07.2021 | 50,00,000 | 0.10% |
| 194R (Introduced in budget 2022) | TDS deducted on benefit or Perquisite to a business or profession | 20,000 | 10% |
| 194S | Payment of virtual digital assets | Specified Persons- 50,000 Others- 10,000 |
1% |
