TDS Rates Chart for Fy 2021-2022

Rate Chart of TDS for FY 2021-22 AY 2022-23

The TDS rates vary on the type of taxpayer and the income bracket. Further, the payments where the TDS rates are applicable are salary, commission, winnings from lotteries, etc. The rate chart of TDS for FY 2021-22 AY 2022-23 | Assessment Year 2022-23 are as follows:

TDS Rate Chart For FY2021-22 AY 2022-23 For Residents & Non Residents​

Section

Nature of Payment

Threshold Limit

Resident (TDS Rates) (in %)

Non Resident (TDS Rates) (in %)

192

Salaries

Normal slab rate

Normal slab rate

192A

Premature withdrawal from EPF

50000

10

10

193

Interest on securities – 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds
 

10000

10

193

Interest on securities – Interest on securities for money issued by or on behalf of any local authority/statutory corporation, listed debentures of a company(other than demat form), any other interest on securities
 

5000

10

194

Dividends

5000

10

194A

Interest (Banking co., co-operative society engaged in banking, post office)

40000

10

194B

Winning from lotteries

10000

30

30

194BB

Winning from Horse race

10000

30

30

194C

Contractor-Single transaction-Individual/HUF

30000

1

194C

Contractor – Consolidated Payment During the F.Y

100000

1

194D

Insurance commission

  • Other than Company

  • Company 

15000

  • 5

  • 10

194F

Repurchase units by MFs

20

20

194G

Commission-Lottery

15000

5

5

194H

Commission/

Brokerage

15000

5

194I

Rent of

  • Plant and Machinery Equipment

  • Land and Building/Furniture & Fixture

240000

  • 2

  • 10

194IA

Transfer of certain immovable property other than agriculture land

50 lacs

1

194IB

Rent by Individual/HUF

50000 per month

5

194J

  • Professional Fees

  • Technical Fees (w.e.f. 01.04.2020)

  • Payment to call centre operator (w.e.f. 01.06.2017)

  • Director’s fees

  • 30000

  • 30000

  • 30000

  • 10

  • 2

  • 2

  • 10

194LA

Compensation on transfer of certain immovable property other than agriculture land

2.5 lacs

10

194LB

Income by way of interest from infrastructure debt fund

5

194M

Certain payments by Individual/HUF

50 lacs

5

194N

Payment of certain amount in cash

1 Crore

2

2

194Q

Payment of certain amount by the buyer to the seller for purchase of goods

50 lacs

0.1

195

  • Income of Investment made by an NRI

  • Short-term capital gain – 111A

  • Fees for technical services

  • 20

  • 15

  • 10

196B

Income from units to an offshore fund

10

196C

Income from foreign currency bonds or GDR of an Indian company

10

196D

Income of foreign Institutional Investors from securities (not being dividend or capital gain)

After you have read about Rate Chart Of TDS For FY 2021-22 AY 2022-23 

Also Read:

Tax Deduction at Source On Purchase Of Goods Under Section 194Q

TDS On Cash Withdrawal From Bank In A Financial Year

10 Ways To Save Your Taxes!

Important points related to TDS

As per section 206AA, in case of non-furnishing of PAN/Aadhaar by deductee, TDS will be charged at normal rate or 20% (5% in case of section 194-O), whichever is higher.

In addition to the above point, as per new section 206AB, where tax is required to be deducted at source under the provisions of Chapter XVIIB, on any sum or income or amount paid, or payable or credited, other than sections 192, 192A, 194B, 194BB, 194LBC or 194N by a person to a specified person, the tax shall be deducted at the higher of the following rates.

  1. Twice the rate specified in the relevant provision of the Act; or
  2. Twice the rate or rates in force; or
  3. The rate of five per cent.

Also Read: Which Section Is Applicable – Section 194Q Or Section 206C(1H)?

Furthermore, provision of section 206AA (Non furnishing of PAN/Aadhaar) shall be override on the provision of section 206AB. Thereafter, deduction of tax shall take place at higher of the two rates under section 206AA and in section 206AB.

[These change will be applicable from 1st July, 2021.]

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2 thoughts on “Rate Chart of TDS for FY 2021-22 AY 2022-23”

  1. Pingback: Extended Due Dates of Income Tax: AY 2021-22 | TaxHelpdesk

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