TDS Rate List 2022-23
TDS Rate List 2022-23
In this post, we are going to learn about what is TDS Rate List 2022-23. TDs full form is tax deducted at the source. So there is given list below about the TDs rate list. This is the updated TDs rate list of the government of India. Moreover, you can understand the first column about the section on TDs. There are various sections described in this list which is including a text-deducted section.
Also, The second column is about the payment methods. Basically, Which is defined clearly for what purposes businesses deduct TDs. There is a third column in this list which is described the threshold limit of payment on which TDs deducted. And the last fourth column is about the TDs tax rate on related payments.
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TDS Rate Chart for FY 2022-23
| Section | Payment For | Threshold limit | TDS Rate % |
|---|---|---|---|
| 192 | Salary Income | Rs 2,50,000 | Slab rates |
| 192 A | EPF – Premature withdrawal | Rs 50,000 | 10% |
| 193 | Interest in Govt Securities | Rs. 10,000 | 10% |
| 194 | Dividend | Rs 5,000 | 10% |
| 194 A | Interest by banks/post offices other than on securities | RS. 40000, (Rs 50,000 for Senior Citizens) | 10% |
| 194 A | Interest by others other than in securities | Rs. 5,000 | 10% |
| 194 B | Winnings from Lotteries / Puzzle / Game | Rs. 10,000 | 30% |
| 194 BB | Winnings from Horse Race | Rs. 10,000 | 30% |
| 194C | Contract | Rs 30,000 (Single Transaction) Rs 1,00,000 (Aggregate of Transactions) | 1% (Individuals/HUF) 2% (Others) |
| 194 D | Payment of Insurance Commission | Rs. 15,000 | 5% (10% in the case of domestic companies) |
| 194DA | Maturity of Life Insurance Policy | Rs 1,00,000 | 5% |
| 194E | Payment to non-resident sportsmen/sports association | Rs 0 | 20% + Cess |
| 194 G | Commission on Sale of Lottery tickets | Rs 15,000 | 5% |
| 194 H | Commission or Brokerage | Rs 15,000 | 5% |
| 194 I | Rent of Land, Building, or Furniture | Rs. 2,40,000 | 10% |
| 194 I | Rent of Plant & Machinery | Rs. 2,40,000 | 2% |
| 194 IA | Transfer of Immovable Property, other than Agricultural land | Rs. 50 lakhs | 1% |
| 194 IB | Other Rent | Rs 50,000 (per month) | 5% |
| 194IC | Payment of monetary consideration under Joint Development Agreements | Rs 0 | 10% |
| 194J | Fees for professional or technical services | Rs 30,000 (Rs 0 in case of Directors) | 2% (Technical services or call centers), 10% (Professional services) |
| 194K | Income in respect of units (UTI/MF) | Rs 5,000 | 10% |
| 194LA | Payment of compensation on acquisition of certain immovable property | Rs 2,50,000 | 10% |
| 194 LB | Interest from Infrastructure Bond to NRI | NA | 10% |
| 194 LD | Interest on Rupee denominated bonds, municipal debt security, also govt. Securities | NA | 5% |
| 194M | Contract, commission, brokerage, or professional fee (other than 194C, 194H, or 194J) | 50 Lakh | 5% |
| 194N | Cash withdrawal from bank and ITR filed | Rs 1cr | 2% |
| 194N | Cash withdrawal from bank and ITR not filed | Rs 20 Lakh | 2% |
| 194N | Cash withdrawal from bank and ITR not filed | Rs 1cr | 5% |
| 194O | E-commerce sale | Rs 5 lakh | 1% |
| 194P | TDS on Senior Citizen above 75 Years (No ITR filing cases) | Rs 3 lakh | Slab Rates |
| 194Q | Purchase of goods | Rs 50 lakh | 0.10% |
| 194R | Benefits or perquisites arising from business or profession | Rs 20,000 | 10% |
| 194S | TDS on payment for Virtual Digital Assets or cryptocurrency (w.e.f. 01.07.2022) | – | 1% |
| 206AA | TDS rate in case of Non-availability of PAN | Higher of | Twice the rate or rate in force |
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