TDS / TCS Rate Chart FY: 2024-25 (AY: 2025-26)

 TDS RATE CHART FY: 2024-25 (AY: 2025-26)

Section	Nature of Payment	Threshold	Indv / HUF	Others
		Rs.	TDS Rate (%)
192	Salaries	–	Slab Rate	Slab Rate
192A	Premature withdrawal from EPF	50000	10	–
193	Interest on Securities	10000	10	10
194	Dividends	5000	10	10
194A	Interest (Banks)	40000	10	10
194A	Interest – Senior Citizen (Banks)	50000	10	–
194A	Interest (Others)	5000	10	10
194B	Winning from Lotteries	10000	30	30
194BA	Winnings from online games	–	30	30
194BB	Winnings from Horse Race	10000	30	30
194C	Contractor – Single Transaction	30000	1	2
194C	Contractor – During the F.Y.	1 Lakh	1	2
194C	Transporter (44AE) declaration with PAN	–	–	–
194D	Insurance Commission (15G-15H allowed)	15000	5	10
194DA	Payment received – Life insurance Policy	1 Lakh	1	1
194EE	Payment received – National Savings Scheme (NSS)	2500	10	10
194F	Repurchase Units by MFs	–	20	20
194G	Commission – Lottery	15000	5	5
194H	Commission / Brokerage	15000	5	5
194I(a)	Rent for Plant & Machinery	2.40 Lakh	2	2
194I(b)	Rent of Land Building & Furniture	2.40 Lakh	10	10
194IA	Transfer of certain immovable property other than agricultural land	50 Lakh	1	1
194IB	Rent payment by individual / HUF not covered u/s 194I	50,000 p.m.	5	NA
194IC	Payment under specified Joint Development Agreement	–	10	10
194J (a)	Fees – Technical Services, Call Centre, Royalty, Distribution / Exhibition of Cinematography Films, etc.	30000	2	2
194J (b)	Fees – All other Professional Services	30000	10	10
194K	Payment of dividend by mutual Funds	5000	10	10
194LA	Compensation on transfer of certain immovable property other than agricultural land	2.50 Lakh	10	10
194LB	Income by way of interest from infrastructure debt fund(non-resident)	–	5	5
194LBA	Certain income from units of a business trust (applicable from 01.10.2014)	–	10	10
194LBB	Income in respect of investment of investment fund	–	10% for residents, 30% for non-residents	10% for residents, 40% for non-residents
194LBC	Income in respect of investment in securitization trust	–	30% for residents, 40% for non-residents, 25% for individual & HUF	30% for residents, 40% for non-residents, 25% for individual & HUF
194LD	Interest on certain bonds and Govt. Securities (from 01.06.2013)		5	5
194M	Payment made for Contracts, Brokerage or Professional Fees etc. by Individual and HUF (other than sections 194C, 194H and 194J)	50 Lakh	5	5
194N	Cash withdrawal in excess of 1 crore during the previous year from 1 or more account with a bank or co-operative society (w.e.f 01.09.2019)	1 Crore (Rs. 3 Crores, if withdrawal is by co-operative society)	2	2
		20 Lakhs (if ITR not filed for previous 3 years)	2 (Rs. 20 Lakhs – 1 Crore)	2
			5 (Rs. 1 Crore and above)	5
194O	TDS on e-commerce participants	5 Lakh	1%(01.10.2020)	1% (01.10.2020)
194P	TDS in case of Specified Senior Citizen (above 75 years) having Salary & Interest (ITR not required)		Slab Rate	NA
194Q	TDS on Purchase of Goods exceeding Rs. 50 Lakhs (Applicable From 01-July-2021)	In Excess of Rs. 50 Lakhs	0.1	0.1
194R	Benefits or perquisites of business or profession	20000	10	10
194S	Payment of consideration for transfer of virtual digital asset by persons other than specified person	10000	1	1
	Payment of consideration for transfer of virtual digital asset by specified person	50000	1	1
194SP	Payment for transfer of virtual digital asset where payment is in kind or in exchange of another virtual digital asset and tax required to be deducted is paid before such payment is released	10000	1	1
Note: TDS Rates without PAN – 20% flat (if TDS is lower than 20%)

Notes:

1)	The above list covers most of the sections applicable for domestic transactions
2)	Section – 206AA	Notwithstanding anything contained in any other provisions of the Income Tax Act-1961, any person entitled to receive any sum or income or amount, on which tax is deductible under Chapter XVIIB (hereafter referred to as deductee) shall furnish his Permanent Account Number to the person responsible for deducting such tax (i.e. deductor), failing which tax shall be deducted at the higher of the following rates, namely:- (i) at the rate specified in the relevant provision of this Act; or (ii) at the rate or rates in force; or (iii) at the rate of twenty percent: Provided that where the tax is required to be deducted under section 194-O, the provisions of clause (iii) shall apply as if for the words “twenty percent”, the words “five percent” had been substituted. Provided further that where the tax is required to be deducted under section 194Q, the provisions of clause (iii) shall apply as if for the words “twenty percent”, the words “five percent” had been substituted.
3)	Section – 206AB	Notwithstanding anything contained in any other provisions of the Income Tax Act-1961, where tax is required to be deducted at source under the provisions of Chapter XVIIB, other than sections 192, 192A, 194B, 194BB, 194LBC or 194N on any sum or income or amount paid, or payable or credited, by a person to a specified person, the tax shall be deducted at the higher of the following rates, namely:–– (i) at twice the rate specified in the relevant provision of the Act; or (ii) at twice the rate or rates in force; or (iii) at the rate of five per cent. If the provisions of section 206AA is applicable to a specified person, in addition to the provision of this section, the tax shall be deducted at higher of the two rates provided in this section and in section 206AA. For the purposes of this section “specified person” means a person who has not filed the returns of income for both of the two assessment years relevant to the two previous years immediately prior to the previous year in which tax is required to be deducted, for which the time limit of filing return of income under sub-section (1) of section 139 has expired; and the aggregate of tax deducted at source and tax collected at source in his case is rupees fifty thousand or more in each of these two previous years. Provided that the specified person shall not include a non-resident who does not have a permanent establishment in India.

TDS RATE CHART (FOREIGN) FY: 2024-25 (AY: 2025-26)

Section	Nature of Payment	Threshold	Indv / HUF	Others
		RS.	Existing TDS Rates (%)
192A	Payment against EPF Scheme	30000	10	10
194E	Non-resident Sportsman or Sports Assn	–	20	20
196A	Foreign Company being unit holder in Mutual Fund	–	20	20
196B	Units held by Off-shore Fund	–	10	5
196C	Income from Foreign Currency Bonds	–	5	5
196D	Income of FII on Securities	–	20	20
196DA	Income of specified fund from securities	–	10	10
194LB	Interest from infrastructure debt fund payable to non-resident	–	5	5
194LBA	Certain income from units of a business trust	–	5	5
194LBA(a)	Income referred to in section 10(23FC)(a) from units of a business trust	–	5	5
194LBA(b)	Income referred to in section 10(23FC)(b) from units of a business trust	–	10	10
194LBA(c)	Income referred to in section 10(23FCA) from units of a business trust	–	30	30
194LBB	Income on units of Investment Fund	–	30	40
194LBC	Income in respect of investment in securitization trust	–	30	40
194LC	Interest from specified company payable to non-resident	–	5	5
194LD	Interest on certain bonds and govt. securities	–	5	5
194N	Payment of certain amounts in cash	–	2	2
194NF	Payment of certain amounts in cash to non-filers	–	1	1
Note: TDS Rates without PAN – 20% flat (if TDS is lower than 20%)

TCS RATE CHART FY: TDS / TCS Rate Chart FY: 2024-25 (AY: 2025-26)

Section	Nature of Payment	TCS Rate %
206CE	Scarp	1
206CI	Tendu Leaves	5
206CB	Timber obtained under a forest lease or other mode	2.5
206CD	Any other forest produce not being a timber or Tendu leaves	2.5
206CA	Alcoholic Liquor for human consumption & Tendu leaves	1
206CF	Parking Lot	2
206CG	Toll Plaza	2
206CH	Mining & Quarrying	2
206CJ	Minerals	1
206CL	Sale of Motor Vehicle	1
206CK	Bullion & Jewellery	1
206CM	Sale in cash of any goods(other than bullion)	1
206CN	Providing of any service (other than Ch-XVII-B)	1
206CQ	LRS-other purposes – Liberalized Remittance Scheme	5% (10% for non-PAN or Aadhar)
206CO	Tour Program Package	5% (10% for non-PAN or Aadhar)
206CR	Sale of Goods	0.1% (1% for non-PAN or Aadhar)
206CC	Timber obtained under any other mode other than forest lease	2.5
206CP	LRS – Educational Loan – Financial Institution	0.5
Note: TCS Rates without PAN – Double of TCS rate as above or 5%, whichever is higher

Notes:

1)	The above list covers most of the sections applicable for domestic transactions
2)	Section-206CC	Notwithstanding anything contained in any other provisions of the Income Tax Act-1961, any person paying any sum or amount, on which tax is collectible at source under Chapter XVII-BB (herein referred to as collectee) shall furnish his Permanent Account Number to the person responsible for collecting such tax (herein referred to as collector), failing which tax shall be collected at the higher of the following rates, namely:- (i) at twice the rate specified in the relevant provision of this Act; or (ii) at the rate of five per cent. The provisions of this section shall not apply to a non-resident who does not have permanent establishment in India.
3)	Section-206CCA	Notwithstanding anything contained in any other provisions of the Income Tax Act-1961, where tax is required to be collected at source under the provisions of Chapter XVII-BB, on any sum or amount received by a person (hereafter referred to as collectee) from a specified person, the tax shall be collected at the higher of the following two rates, namely:- (i) at twice the rate specified in the relevant provision of the Act; or (ii) at the rate of five per cent. If the provisions of section 206CC is applicable to a specified person, in addition to the provisions of this section, the tax shall be collected at higher of the two rates provided in this section and in section 206CC. For the purposes of this section “specified person” means a person who has not filed the returns of income for both of the two assessment years relevant to the two previous years immediately prior to the previous year in which tax is required to be collected, for which the time limit of filing return of income under sub-section (1) of section 139 has expired; and the aggregate of tax deducted at source and tax collected at source in his case is rupees fifty thousand or more in each of these two previous years. Provided that the specified person shall not include a non resident who does not have a permanent establishment in India.