TDS

SALARY RENT CAUSUAL DIVIDEND

INCOME COMMISSION
SEC.192
SALARY SEC.194-I RENT SEC.194-B- Winnings SEC194D-
from any Lottery , SEC.194 Insurance Commi.
SEC. 192A SEC.194-IB Rent
Crossword Puzzle or Dividend
paid by Individual SEC 194G-Commi-
Premature card Game or other SEC. 194K
or HUF,Whose on-sale of Lottery
withdrawal game of any sort Income on
turn over doesn't Tickets
from SEC. 194BB- Mutual Fund
exceed Rs.1 Cr/50 SEC 194H-
employees Winnings from Horse
Lakhs during Commission or
Provident race
Preceding FY Brokerage
Fund

OTHERS
VERY IMPORTANT
IMMOVABLE INTEREST SECTION'S
PROPERTY SEC 194C -Payment to
SEC 194M - Payments
to Contractors , Contractors
SEC. 193 Commi. or Brokerage SEC 194DA - Any sum under
SEC 194-IA - Payment INTEREST ON fees for Prof.service Life Insurance Policy.
on transfer of certain SECURITIES SEC 194N - Cash
Immovable Property SEC 194J - Fees for prof.or
SEC. 194A INT. Withdderawals tech. Services /Royalty/Non-
SEC 194-IC - Payment other than INT on compete fees/ Director
SEC 194-O -Payment to
Under Specified Securities Remuneration.
Ecommerce Operator
Agreement u/s 45(5A) SEC 194E - Payment to Non-
SEC 194P- Pension
SEC 194LA - Income Resident Sportsman or Sports
Compensation on Associations
SEC 194Q- Purchase
Acquistion of certain excedding Rs. 50 Lakhs SEC 194EE - Payment of
Deposit under National Saving
Immovable Property SEC-194R
Scheme

TDS 6
 SALARY

SEC DESCRIPTION LIMIT FOR PAYER TYPE OF RATE OF TIME OF PAYMENT /

DEDUCTIO PAYEE TDS DEDUCTION INCOME
OF TDS EXEMPTED
FROM TDS
192 Salary Basic exemption Any person Employee Average At the time of
limit (Rs.2,50,000 rate of payment
/Rs.3,00,000/ income
Rs.5,00,000 as tax
the case may be computed
on the
basis of
the rate in
Force(Slab
Rate)
192A Premature withdrawal ≥than or equal Employee Employee 10% At the time of (i) Not applicable
from Employees Rs.50,000 Provident payment if amount is
Provident Fund Officer withdrawn
after 5 years
of
contribution
(ii) If the
maturity
proceeds are
exempt then
no TDS

TDS 7
 RENT

SEC DESCRIPTION LIMIT FOR PAYER TYPE OF RATE OF TIME OF PAYMENT /

DEDUCTION PAYEE TDS DEDUCTION INCOME
OF TDS EXEMPTED
FROM TDS
194-I Rent >Rs. 2,40,000 in NOTE -1 Any (i) For P&M or At the time of
a Financial Year Resident Equipment - credit of such
2%
income to the
(ii) For land,
account of the payee
building,
furniture or or at the time of
fixtures payment, whichever
10% is earlier.
194-IB Payment of rent >Rs. 50,000 for a Individual or HUF Any 5% i) At the time of
by certain month or part of whose total sales, Resident credit of rent, for the
individuals or HUF a month gross receipts or last month of the
turnover from previous year/ the
business or last month of
profession carried on tenancy, if the
by him doesn’t property is vacated
exceed Rs. 1 Crore in during the year, as
case of business or the case may be, to
Rs.50 Lakh in Case of the account of the
Profession during the payee or
immediately ii) At the time of
Preceding payment, for last
Financial Year months/last months
of tenancy whichever
is earlier

TDS 8
 CAUSUAL INCOME

SEC DESCRIPTION LIMIT FOR PAYER TYPE OF RATE OF TIME OF PAYMENT /

DEDUCTION PAYEE TDS DEDUCTION INCOME
OF TDS EXEMPTED
FROM TDS
194B Winnings from any >Rs.10,000 Any Person Any Person 30% At the time of
lottery, crossword payment
puzzle or card
game or other game
of any sort
194BB Winnings from >Rs.10,000 Book Maker or Any Person 30% At the time of
horse race a person payment
holding license
for horse
racing or for
arranging for
wagering or
betting in any
race course

TDS 9
 DIVIDEND

SEC DESCRIPTION LIMIT FOR PAYER TYPE OF RATE OF TIME OF PAYMENT /

DEDUCTIO PAYEE TDS DEDUCTION INCOME
OF TDS EXEMPTED
FROM TDS
194 Dividend (including i)> Rs. 5,000 in a The Principal Resident 10% Before making
dividends on F.Y in case of Officer of a Share any payment by
preference shares) dividend paid domestic holder any mode in
or company respect of any
credited to an dividend or
individual before making
shareholder by any distribution
any mode other or payment of
than cash. dividend.
ii) No threshold
in other cases
194K Income on units >Rs. 5,000 in a Any person Any 10% At the time of
other than in the financial year responsible for resident credit of such
nature of capital paying any income sum to the
gains in respect of unit account of the
of a mutual fund payee or at the
/ administrator of time of payment ,
specified whichever is
undertaking/ earlier.
specified
company

TDS 10
 COMMISSION

SEC DESCRIPTION LIMIT FOR PAYER TYPE OF RATE OF TIME OF PAYMENT /

DEDUCTION PAYEE TDS DEDUCTION INCOME
OF TDS EXEMPTED
FROM TDS
194D Insurance >Rs.15,000 in a Any Person Any 5% At the time of
Commission financial year. Resident credit of such
income to the
account of the
payee or at the
time of payment,
whichever
is earlier
194G Commission on sale >Rs. 15,000 in a Any Person Any Person 5% At the time of
of lottery tickets Financial Year credit of such
Income to the
account of the
Payee or at the time
of payment,
Whichever is earlier
194H Commission or >Rs. 15,000 in a Any 5% At the time of Commission or
brokerage Financial Year NOTE -1 Resident credit of such brokerage payable
income to the by BSNL or MTNL
account of the to their PCO
payee or at the time Franchisees
of payment
whichever is earlier

TDS 11
 IMMOVABLE PROPERTY

SEC DESCRIPTION LIMIT FOR PAYER TYPE OF RATE OF TIME OF PAYMENT /

DEDUCTION PAYEE TDS DEDUCTION INCOME
OF TDS EXEMPTED FROM
TDS
194-IA Payment on transfer Actual Any person, being Resident 1% of At the time of Payment for
of certain immovable Consideration ≥ a transferee transferor considerati credit of such purchase of Rural
property 50 Lakhs or (other than a on for sum to the agricultural land
Stamp duty Value person referred transfer or account of the
≥ 50 lakhs to in section 1% of transferor or at
194LA Stamp the time of
Duty payment,
Value whichever
whichever is earlier
is higher
194-IC Payment under Cash Any Person Any 10% At the time of
specified consideration Resident credit of such
agreement u/s 45(5A) (Any Amount) income to the
account of the
payee or at the
time of payment,
whichever is
earlier.
194LA Compensation on > Rs.2,50,000 in Any Person Any 10% At the time of Compensation on
acquisition of certain a financial Year Resident payment acquisition of
immovable property Agricultural land.
(Both Rural/Urban)

TDS 12
 INTEREST

SEC DESCRIPTION LIMIT FOR PAYER TYPE OF RATE TIME OF PAYMENT /

DEDUCTION PAYEE OF TDS DEDUCTION INCOME
OF EXEMPTED FROM
TDS TDS
193 Interest on i) 8 % savings Any Any 10% At the time of Some exempted interest
Securities (Taxable) Bonds Person Resident credit of such payments are
2003 , income to the i) Interest on any
7.75% Savings account of the security
(Taxable) Bonds payee or at the of the Central
2018- > Rs. time of Government or a
10,000. payment State Government.
ii) Interest on whichever is ii) Payable to LIC, GIC
debentures earlier or any of the four
issued by a public
company in sectors insurance
which the companies formed by
public are GIC.
Substantially iii) Payable on any
interested, paid security issued by a
or credited to company, where such
a resident security is in
Individual or dematerialized form and
HUF- > Rs. is listed on a recognized
5,000 stock exchange in India
194A Interest other i.)> in case of NOTE-1 Any 10% At the time of i) Interest credited or

TDS 13
 than interest on interest Resident credit of such paid
securities credited or income to the to any bank or
paid account of the co-operative society
by- payee or at the engaged in the business
a) Banking time of of banking.
Company. payment , ii) Any financial
b) Co-operative whichever is corporation established
society earlier by or under
engaged in Central/State
banking or Provincial Act.
business; iii) The Life Insurance
c)A post office of
on any payment India.
under a iv) The Unit Trust of
notified India
Scheme. v) Any company or co-
In all the above operative society
cases, if payee carrying
is on the business of
a resident insurance.
senior citizen, vi) Interest credited or
tax deduction paid by a firm to a
limit is partner.
>Rs.50,000.)
(ii) > Rs.5,000 in
a F.Y in other
cases.

TDS 14
 VERY IMPORTANT SECTION

SEC DESCRIPTION LIMIT FOR PAYER TYPE OF RATE OF TIME OF PAYMENT /

DEDUCTION PAYEE TDS DEDUCTION INCOME
OF TDS EXEMPTED
FROM TDS
194M Contract payment >Rs.50,00,000 in Individual or Any 5% At the time of
Commission or a financial year HUF other than Resident credit of such
brokerage those who are sum to the
Fees for professional required to account of the
services deduct tax at payee or at the
source under time of payment
section 194C whichever
or 194H or 194J is earlier

194N Cash Withdrawals > Rs. 1 Crorei) A banking Any Person Note 3 At the time of
(All accounts, savings, company or any payment of such
current etc)> Rs. 1 bank or banking sum
Crore institution ii)A
corporative
society engaged
in carrying on
the business of
banking or
iii) A post office
194-O Payment by E- I > Rs.5 lakhs, E-commerce E- 1% At the time of
commerce operator to being gross operator commerce of gross credit of such
E-commerce amount of sales ,who facilitates participant amount of sum to the
participant or service or sale of goods or sale or account of the

TDS 15
 both in a provision of service or payee or at the
financial year to service of an e- both[In time of payment,
an e-commerce commerce case of whichever is
participant, participant failure to earlier.
being through digital furnish
individual/HUF or electronic PAN
and such e- facility or ,Maxi mum
commerce platform. TDS@5%].
participant has
furnished PAN
or Aadhar
number to the e-
commerce
operator.
ii No threshold
in other cases.
194P Pension (along with Basic exemption Notified Specified Rates in
interest on bank limitRs.3,00,000/ specified bank senior force
account) `R s.5,00,000, citizen i.e.,
as the case may An
be) [i.e., total individual,
income] being a
resident in
India,who
- is of
the age of
75 years or
more at any
time during

TDS 16
 the PY;
-is having
pension
income and
no other
income
except
interest
income
received or
receivable
from any
account
maintained
by such
individual in
the same
specified
bank in
which he is
receiving his
pension
income; and
-has
furnished a
declaration
to the
specified
bank

TDS 17
194Q Purchase of goods > Rs.50 lakhs in a Buyer, who is Any 0.1% of sum At the time of
previous year responsible for resident exceeding credit of such
paying any sum Rs. 50 sum to the
to any resident lakhs account of the
for purchase of payee or at the
goods,. Buyer time of Payment,
means a person whichever is
whose total earlier.
sales, gross
receipts or
turnover from
business exceeds
Rs. 10 crores
during the FY
immediately
preceding the FY
in which the
purchase of
goods is carried
out.
194R Any benefit or Value or Any person Any 10% of value Before providing
perquisite, whether aggregate of (other than an resident or aggregate such benefit or
convertible into value of benefit individual or of value of perquisite
money or not, arising or HUF whose total such
from business or the perquisite > ` sales, gross benefit or
exercise of a 20,000 receipts or perquisite
profession in a financial turnover < `
year 1crore in case of
business or

TDS 18
 < ` 50 lakhs in
case of
profession
during the
immediately
preceding F.Y.)
responsible for
providing to a
resident, any
benefit or
perquisite. In
case of a
company,
“person
responsible for
paying” means
the company
itself including
the Principal
Officer thereof

TDS 19
 OTHERS

SEC DESCRIPTION LIMIT FOR PAYER TYPE OF RATE OF TIME OF PAYMENT /INCOME
DEDUCTION OF PAYEE TDS DEDUCTION EXEMPTED FROM TDS
TDS
194C Payments to Single sum Note 1 Any Resident If the payee At the time of i) Any sum credited or
Contractors credited or paid contractor is an credit of such sum paid to a contractor in
> Rs.30,000 for carrying individual to the account of transport business, who
Or out any work or HUF payee or at the owns ten or
The aggregate of (including - 1% time of payment, less goods carriages
sums credited or supply of In other whichever at any time during
paid to a labour) case is earlier. the previous year if the
contractor during -2% contractor furnishes a
the financial declaration to that effect
year > Rs. 1,00,000 along with his PAN to the
Person paying or
Crediting such sum.
194DA Any sum under a Life > or equal to Any Person Any Resident i) 5% on At the time of Sums which are exempt
Insurance Policy Rs.1,00,000 income payment under section 10(10D)
(aggregate amount i.e. 5 % on
of payment to a Maturity
payee in a financial Proceeds
year. Less
Premium
paid
194J Professional fees >Rs.30,000 in a NOTE -1 Any Resident i)2 % - At the time of Any sum by way of fees
Fee for technical financial year, for Payee credit of such sum for professional services
services each category of engaged to the account of credited or paid by an
Royalty income. (However, only in the the payee or at the individual or HUF
Non - compete fees this limit does not business of time of payment, exclusively for personal
Director’s apply in case of operation whichever is earlier purposes of such

TDS 20
 Remuneration payment made to of call individual or any
director of a centre.
company) ii) 2 % - In
case of fees
for
technical
services or
royalty
, where
such royalty
is in nature
of consider-
ation for
sale , distri-
bution or
exhibition
of cinemato
– graphic
films.
iii) 10 % -
Other
payments.
194E Payment to non-resident Any Amount Any Person Non- 20.8% At the time of
sportsman or Resident (Including credit of such
Non- resident sports Sportsman Health and income to the
associations or iii) Non- (including an education account of the
resident entertainer of athlete) or cess @ 4%) payee or at the
income referred to in Non- citizen time of payment
section 115BBA Entertainer whichever is earlier
or non-
resident
sports

TDS 21
 associations

194EE Payment of deposit >than or equal to Any Person Individual or 10% At the time of Payment to the heirs of
under National Saving Rs.2,500 in a HUF Payment the assesse
Scheme financial year.

NOTE -1
• Individual or HUF- whose total sales , gross receipts or turnover from business or profession carried on by him exceed Rs.
1 crore in case of business or Rs.50 lakhs in case of profession during the immediately preceding F.Y.
• Other Person – Always deduct TDS if threshold limit crossed.
NOTE -2
Consideration includes all i) Charges of the nature of club membership fee
ii) Car parking fee
iii) Electricity or water facility fee
iv) Maintenance fee
v) Advance fee or any other charges of similar nature, which are incidental to transfer of the
immovable property

TDS 22