TDS Rate Chart FY 2021-2022

Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)

Code Indv/HUF Others
192 Payment of salary As per income tax Normal Slab Rate -
OPTION TO CHOOSE BETWEEN NEW AND OLD TAX SLAB slab
REGIME FOR SALARIED EMPLOYEES
192A Payment of accumulated balance of Provident 50,000 p.a 10% -
fund which is taxable in the hands of an
employee.
193 Interest on Securities (Debentures, any security 2,500 p.a 10% 10%
of the Central or State Government and any
other security )
194 Dividend 5,000 p.a 10% -
This amendment proposes to amend second proviso to
section 194 of the Act to further provide that the
provisions of section 194 i.e. TDS on dividend shall also
not apply to dividend income credited or paid to a
business trust by a special purpose vehicle or payment
of dividend to any other person as may be notified.
This means that no TDS needs to be deducted to AIF
Category III also.
Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)
Code Indv/HUF Others
194A i) Interest other than “Interest on securities” 5,000 P.a 10% 10%
(Other Than Bank Deposit/Post Office
Deposit/Banking Co-Society Deposit)

ii) Interest on Bank Deposit/Post Office Senior Citizen - 10% 10%

Deposit/Banking Co-Society Deposit 50,000 P.a
(Interest other than “Interest on securities” ) Others -40,000 P.a

194B Winnings from lotteries, crossword puzzles, 10,000 P.a 30% 30%
card games and other games of any sort

194BB Winnings from horse races 10,000 P.a 30% 30%

Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)
Code Indv/HUF Others
194C A Payment to contractor/sub-contractor 30,000 ( single bill) 1% 2%
(30,000 per contract or Rs 1,00,000 for aggregate /100,000 p.a
amount during the year)
194D Insurance commission 15,000 p.a 5% 10%
194DA A Payment in respect of LIC 100,000 p.a 5% 5%
194E Payment to non-resident sportsmen / sports - - 20%
association
194 EE A Payment in respect of deposit under 2,500 p.a 10% 10%
National Savings scheme
194F Payment on account of repurchase of unit by - 20% 20%
Mutual Fund or Unit Trust of India
194G Commission, etc., on sale of lottery tickets 15,000 p.a 5% 5%

194H Commission or brokerage 15000 p.a 5% 5%

194I Rent-Plant & Machinery 2,40,000 p.a 2% 2%
Rent- Land or building or furniture or fitting 2,40,000 p.a 10% 10%
Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)
Code Indv/HUF Others
194 IA Payment on transfer of certain immovable 50,00,000 p.a 1% 1%
property other than agricultural land
194 IB A Payment of rent by individual or HUF not 50,000 Per month 5% -
liable to tax audit
194 IC Payment of monetary consideration under - 10% 10%
Joint Development Agreements
194J A Payment for Professional fee- Fee for 30,000 p.a 2% 2%
technical services
A Payment for Professional fee- Fee in other all 30,000 p.a 10% 10%
cases ( like Professional fee , or royalty ) per
Section 194J
194K Payment of any income in respect of: - 10% 10%
a) Units of a Mutual Fund as per Section
10(23D)
b) The Units from the administrator
c) Units from specified compan
Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)
Code Indv/HUF Others
194 LA A Payment of compensation on acquisition of 2, 50,000 p.a 10% 10%
certain immovable property
194M Payment of commission (not being insurance 50 lakh 5% 5%
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.
194N i) Cash withdrawal in excess of Rs. 1 crore Rs. 1 Crore 2% 2%
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
ii) in excess of Rs. 20 lakhs (for those persons 20 lakh 2% 2%
who have not filed return of income (ITR) for
three previous years immediately preceding
the previous year in which cash is withdrawn,
and the due date for filing ITR under section
139(1) has expired.) The deduction of tax
under this situation shall be at the rate of:
Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)
Code Indv/HUF Others
b) On amount withdrawn in cash if the b) 1 Crore 5% 5%
aggregate of the amount of
withdrawal exceeds Rs. 1 crore
during the previous year;
194-O Payment or credit of amount by the e- 5lakh 1% 1%
commerce operator to e-commerce
participant

194-Q Purchase of goods (applicable w.e.f 50 Lakh 0.10% 0.10%

01.07.2021)

206AB TDS on non-filers of ITR at higher rates Note-1

(applicable w.e.f 01.07.2021)
Note-1

TDS Rate
The proposed TDS rate in this section is higher of the followings rates –
•twice the rate specified in the relevant provision of the Act; or
•twice the rate or rates in force; or
•the rate of 5%

•Consequential amendment is also proposed in section 206AA(1) of the Act and insert second proviso to
further provide that where the tax is required to be deducted under section 194Q and PAN is not provided, the
TDS shall be at the rate of 5%

Non-Applicability
This section shall not apply where the tax is required to be deducted under sections 192, 192A, 194B, 194BB,
194LBC or 194N of the Act.