TDS New Page 1

TDS / TCS RATES FOR F.Y.2021-22

Section

Nature of Payment 

 Threshold Limit of Payment

Rates

192

 Income from Salary

Senior Citizen (60 Years)

Rs. 3,00,000

Super Senior Citizen (80 Years)

Rs. 5,00,000

Others

Rs. 2,50,000

Average rate of Tax +  Health & Education Cess (Surcharge if Salary > 50 Lacs) Or,

Option to choose between New and Old Tax Slab Regime for Salaried Employees

192A

Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)

Rs. 50,000

10%

193

* Interest on Securities

Rs. 10,000

10%

194

Dividend

Rs. 5,000

10%

(Tds shall not be deducted on Dividend paid or credited to Business trust by Special Purpose Vehicle or any other person as may be specified)

194A

Interest from a Banking Company

Rs. 40,000 per annum for Others /Rs. 50,000 per annum for Senior citizen

10%

194A

Interest other than from a Banking Company

Rs. 5,000 per annum

10%

194B

Winning from Lotteries & Cross Word Puzzles

Rs. 10,000 per annum

30%

194BB

Winnings from horse races

Rs. 10,000 per annum

30%

194C

Payment to contractor/sub-contractor

Rs.30,000 Per Contract (or)
Rs. 1,00,000 per annum

Individual/HUF 1%

Others 2% 

194D

Insurance Commision

Rs. 15,000

Resident:5%

Domestic Company:10%

194DA

Payment under life insurance policy

Rs.1,00,000 per annum

5%

194EE

Out of deposit under NSS

Rs.2,500

10%  

194F

Payment on account of repurchase of units by Mutual Fund or Unit Trust of India

 

20%

194G

Commission on Sale of Lottery Tickets

Rs. 15,000

5%

194H

**Commission/Brokerage

Rs. 15,000 per annum

5%

194-I(a)

**Rent of Plant / Machinery

Rs. 2,40,000 per annum

2%

194-I(b)

**Rent of Land or building or furniture or fitting

Rs. 2,40,000 per annum

10%

194-IA

Payment or transfer of immovable property (other than rural agriculture land)

Rs. 50,00,000 & above

1%

194-IB