Download Latest TDS Rates Chart for FY 2022-23 PDF
You can download the Latest TDS Rates Chart for FY 2022-23 PDF for free using the direct download link given at the bottom of this article.
Latest TDS Rates Chart for FY 2022-23 PDF
TDS is the amount of tax which is deducted by the employer or deductor from the taxpayer and is deposited to the Income Tax Department on behalf of him/her. The TDS rates are set on the basis of the age bracket and income of different individuals.
TDS or Tax Deducted at Source is a specific amount that is reduced when a certain payment like salary, commission, rent, interest, professional fees, etc. is made. The person who makes the payment deducts tax at the source, while the person who receives a payment/income has the liability to pay tax. It lowers tax evasion because the tax will be collected at the time of making a payment.
TDS or Tax Deduction at Source is a process by the Government of India (Government of India) to collect income tax at source. It is a deduction of tax from the actual source of income. It is essentially an indirect method of collecting taxes that combines the concepts of “pay as you earn” and “collect as you earn”.
| Section | Nature of Payment | Threshold | Individual/HUF | Others |
| 192 | Salary | Taxable Income liable to Tax | Normal Slab Rate OR New Tax Regime Slab Rate as opted by the employee. OPTION TO CHOOSE BETWEEN NEW AND OLD TAX SLAB REGIME FOR SALARIED EMPLOYEES | NA |
| 192A | Premature withdrawal from EPF | 50,000 | 10% | NA |
| 193 | Interest on securities | 2,500 | 10% | 10% |
| 194 | Dividend | 5,000 | 10% | 10% |
| 194A | Interest on Bank Deposit/Post Office Deposit/Banking Co-Society Deposit | 40000 | 10% | 10% |
| 194A | Interest on Bank Deposit/Post Office Deposit/Banking Co-Society Deposit (Payee: Senior Citizen) | 50,000 | 10% | NA |
| 194A | Interest other than “Interest on securities”(Other Than Bank Deposit/Post Office Deposit/Banking Co-Society Deposit) | 5,000 | 10% | 10% |
| 194B | Winnings from lotteries, crossword puzzles, card games and other games of any sort | 10,000 | 30% | 30% |
| 194BB | Winnings from horse races | 10,000 | 30% | 30% |
| 194C | Payment to contractor/sub-contractor | Single Transaction: 30,000 & Aggregate of Transactions: 1,00,000 | 1% | 2% |
| 194D | Insurance commission | 15,000 | 5% | 10% |
| 194DA | Payment in respect of life insurance policy | 1,00,000 | 1% | 1% |
| 194E | Payment to non-resident sportsmen/sports association | – | 20% | 20% |
| 194EE | Payment in respect of deposit under National Savings scheme | 2,500 | 10% | 10% |
| 194F | Payment on account of repurchase of the unit by Mutual Fund or Unit Trust of India | – | 20% | 20% |
| 194G | Commission on sale of lottery tickets | 15,000 | 5% | 5% |
| 194H | Commission or brokerage | 15,000 | 5% | 5% |
| 194-I | Rent: | |||
| 194I(a) | Rent of Plant & Machinery | 2,40,000 | 2% | 2% |
| 194I(b) | Rent of Land or building or furniture or fitting | 2,40,000 | 10% | 10% |
| 194-IA | Payment on transfer of certain immovable property other than agricultural land | 50 Lakh | 1% | 1% |
| 194-IB | Payment of rent by individual or HUF not liable to tax audit | 50,000 per month | 5% | NA |
| 194-IC | Payment of monetary consideration under Joint Development Agreements | – | 10% | 10% |
| 194J(a) | Fees for technical services or towards royalty in the nature of consideration for sale, distribution, or exhibition of cinematographic films; | 30,000 | 2% | 2% |
| 194J(b) | Fees for professional services | 30,000 | 10.00% | 10.00% |
| 194K | Income in respect of units payable to a resident person | – | 10% | 10% |
| 194LA | Payment of compensation on acquisition of certain immovable property | 2,50,000 | 10% | 10% |
| 194LB | Payment of interest on infrastructure debt fund to Non Resident | – | 5% | 5% |
| 194LBA(1) | The business trust shall deduct tax while distributing, any interest received or receivable by it from an SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unitholders. | – | 10% | 10% |
| 194LBB | Investment fund paying an income to a unitholder [other than income which is exempt under Section 10(23FBB)] | – | 10% | 10% |
| 194LBC | Income in respect of investment made in a securitization trust (specified in Explanation of section115TCA) | 25% | 30% | |
| 194M | Payment of commission ( to a resident person by an individual or a HUF who is not liable to deduct TDS under section 194C, 194H, or 194J. | 50 Lakh | 5% | 5% |
| 194N | Cash withdrawal during the previous year from one or more accounts maintained by a person with a banking company, co-operative society engaged in the business of banking or a post office: in excess of 1 Crore | 1 Crore | 2% | 2% |
| 194-O | Payment or credit of amount by the e-commerce operator to e-commerce participant | 5 Lakh | 1% | 1% |
Latest TDS Rates Chart for FY 2022-23 PDF Download Link
TDS Rates PDF
Prices are subject to change without notice, so customers should always check AFD CSD Online Portal for updates before making their purchase - afd.csdindia.gov.in login page
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