WITHHOLDING TAX CARD TY-2024 (W.E.F.

1- July-2023)
Tax Rates for Salaried Individuals U/S 149
Salaried Person (Rs) Tax Rates
below 600,000/- 0
Rs. 600,000 to Rs. 1,200,000 2.5% of the amount exceeding 600,000
Rs. 1,200,000 to Rs. 2,400,000 15000 + 12.5% of the Exceeding Amount of 1,200,000
Rs. 2,400,000 to Rs. 3,600,000 Rs 165,000+ 22.5% of the exceeding amount of 2,400,000
Rs. 3,600,000 to Rs. 6,000,000 Rs 435,000 + 27.5% of the amount exceeding Rs 3,600,000
Rs. 6,000,000 to Rs. 12,000,000
Rs 1,095,000 +35% of the amount exceeding Rs 6,000,000
Above to Rs.12,000,000

Sale of Goods U/S 153(1)(a) Filer Non- filer

By company 5% 10%
By Individual and AOP 5.5% 11%
Sale by Distributors, Dealers, Sub-Dealers, Wholesalers & TIER-1 0.25% 0.5%
Retailers ( i.FMCG
ii. Fertilizer
iii. Electronics (excluding Mobile Phones)
iv. Sugar
v. Cement
vi. Edible Oil
vii. Steel)

Sale of Cigarettes & Pharma products by distrbutor 1.00% 2%

Sale of Rice, cotton seed, edible oils 1.5% 3%
Minimum limit on tax deduction for payments against goods and services Shall be Rs 75000/-and Rs 30,000/- per anum

Services U/s 153 (1)(b) Filer Non- filer

By Company 9% 18%
By Individual and AOP 11% 22%
By expert house of services Rendered
Advertisement Services (Electronic/print media) 1.5% 3%
Advertisement Services Other than (Electronic/print media)
Transport services
Freight forwarding services
Air cargo services
Courier services
Manpower outsourcing services
Hotel services
Security guard services
Software development services
IT services and IT enabled services
Tracking services
Share registered services 4% 8%
Engineering services
Car rental services
Building maintenance services
Inspection services
Certification Services
Testing services
Training services
Warehouse services
Asset management services
Data services under license issued by (PTA)
Telecommunication Infrastructure (tower) services

Contracts U/s 153(1)( c) Filer Non- filer

By Company 7.5% 15%
By Individual and AOP 8.0% 16%

Tax Rates for rent of immovable property- For: Individual and AOP's U/s 155
Rental Income (Rs) Filer Non- filer
Upto Rs.300,000 0% 0%
Rs.300,000 to.600,000 5% of exceeding amount Rs.300,000 100% of the amount calculated of Filer
Rs.600,000 to Rs.2,000,000. Rs.15,000 + 10% exceeding Rs.600,000. 100% of the amount calculated of Filer
Upto Rs.2,000,000. Rs.155,000 plus 25% Rs.2,000,000 100% of the amount calculated of Filer
Tax Rates for rent of immovable property- For: (U/s 155)
Companies 15% 30%

Prize and Winnings U/s 156 Filer Non- filer

On prize bonds and winning of crossword puzzle 15% 30%
winnings from a raffle, lottery, prize on winning a quiz 20% 40%

Brokerage and Commission U/s 233 Filer Non- filer

Advertisement agents 10% 20%
Life insurance agents (Less than 0.5 M) 8% 16%
Other cases 12% 24%