Section Nature of payment Threshold limit TDS rate. 192 Salary If tax payable is nil on salary Avg rate 30%

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1 TDS rate chart for the FY : Finance Act, 2018 has effected increase in threshold limit of TDS deduction on various payments and revision in rates of deduction of tax at source on various payments. The TDS rate chart for the FY applicable w.e.f is as under: Section Nature of payment Threshold limit TDS rate 192 Salary If tax payable is nil on salary Avg rate 30% income 192A Premature withdrawal from EPF INR 50,000/- 10% 30% 193 Interest on securities Government securities - INR 10% 10,000/-, Debenture INR 5,000/- 194 Deemed dividend INR 2,500/- to individuals paid 10% to a/c payee cheque 194A Interest other than interest on security Interest received from bank INR 10,000-, Interest received from other INR -5,000/- Interest received in case of senior Citizen from Rs. 50,000/- (Applicable from ) 10%

2 194B Winning from lotteries INR 10,000/- 30% 30% 194BB Winnings from horse race INR 10,000/- 30% 30% 194C Payments to contractors Single: INR /- Aggregate annual limit of INR 1,00,000/- Indi/HUF- 1% Others- 2% 194D Insurance Commission INR 15,000/- Indi/HUF- 194DA Payment of life insurance not exempted u/s 10(10D) 194E Payment to NR Sportsmen or Sports Association 194EE Payment of National Saving Scheme 194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India 194G Commission on sale of lottery ticket 194H Payment of commission/brokerage INR 1,00,000/- 1% INR 2,500/- Indi/HUF -10% INR 15,000/- INR 15,000/-

3 194I Payment of Rent INR 1,80,000/- P&M/ equip. - 2%, Land /building/furniture- 10% 194IA Payment of immovable property Sale consideration up to INR 1% other than agricultural land 50,00,000/- 194IB Rent payable by an individual or Threshold limit Rs. 50,000/- per HUF not covered u/s. 194I (W.E.F. from ) month.tax shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of tenancy if the property is vacated during the year, as the case may be, to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is. 194J Professional fees INR 30,000/- Call center 194LA Payment of compensation on 194LB acquistion certain immovable property other than cash Income by way of interest from infrastruture debt fund(non- resident or foreign company) operators(only business)- 2%, INR 2,50,000/- 10%

4 194LBA Certain income from units of business trust 194LBB Investment fund paying an income For Ind./HUF: or rate to a unit holder (other than applicable income exempt u/s 10(23FBB)) which ever is 30% higher For Other: 40% 194LBC Income in respect of investment Indi/HUF -2 Indi/HUF - in securitisation trust Others- 30% 2 Others- 30% 30% For Other: 40% 194LC Payment of interest by an Indian Co. or a business trust in respect (Appl. upto of money borrowed in foreign ) currency under a loan agreement or by way of issue of long-term bonds.

5 194LD Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor 195 Other sums 196A Income in respect of units of nonresidents 196B Income from units (including longterm capital gain on transfer of such units) to an offshore fund (Appl. upto ) Avg rates as applicable Indi/HUF - 10% 196C Income from foreign currency 10% bonds or GDR of an Indian company(including long-term capital gain arising from sunch securities) 196D Income of foreign Institutional Investors from securities(not being dividend or capital gain arising from such securities) Source: Finance Act, 2018.

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