TDS Rates

Frequently Asked Questions about the TDS rates for salary and non-salary have been announced. The deductor needs to deduct TDS as per the prescribed rates.

When to deduct TDS on professional payments u/s 194J?
Under section 194J, TDS needs to be deducted by the payer/ deductor (Other than Individual/ HUF) @ 10% on any amount paid or payable to a resident in excess...
Wed, 30 Mar, 2022 at 12:23 PM
When to deduct TDS on Payment of Commission u/s 194H?
TDS needs to be deducted on the Payment of Commission or Brokerage @ 5% if the amount exceeds Rs. 15,000 u/s 194H. Commission and Brokerage for the purpose ...
Wed, 30 Mar, 2022 at 12:23 PM
When to deduct TDS on Payment of Contract u/s 194C?
TDS needs to be deducted as per the below table on the Payment to Contractors/Sub-Contractors or Transporter by any person u/s 194C.  ...
Wed, 30 Mar, 2022 at 12:23 PM
When to deduct TDS on Payment of Interest u/s 194A?
TDS needs to be deducted on the Payment of interest other than "Interest on securities" u/s 194A.  Section Nature of...
Wed, 30 Mar, 2022 at 12:23 PM
When to deduct TDS on payment of Interest u/s 193?
TDS needs to be deducted on the Payment of Interest on Securities by company u/s 193. Interest on Securities includes the following:  Any debentures or ...
Wed, 30 Mar, 2022 at 12:23 PM
When to deduct TDS on EPF Withdrawals?
TDS needs to be deducted on Premature Withdrawal from EPF Account i.e. before 5 Years of continuous service. TDS is deducted @ 10% on if the withdrawal amou...
Wed, 30 Mar, 2022 at 12:23 PM
When to deduct TDS on salary payments u/s 192?
Every Employer at the time of payment of ‘Salary’ is required to deduct TDS at an Average Rate of Income Tax applicable. An employer needs to deduct TDS onl...
Wed, 30 Mar, 2022 at 12:23 PM
When to deduct TDS under section 194IA?
As per section 194IA, any transaction on or after 1st June 2013, where any buyer buys an immovable property (other than agricultural land) costing Rs. 50 la...
Thu, 22 Sep, 2022 at 12:41 PM
When to deduct TDS on payment of Dividend u/s 194?
Up until FY 2019-20, DDT (Dividend Distribution Tax) was applicable on dividend paid out by domestic company @ 15%. However, in Budget 2020 finance mister a...
Wed, 30 Mar, 2022 at 12:25 PM
What are the TDS Rates for FY 2020-21?
TDS Rates are prescribed by the Income Tax Department every year. Every payer/ deductor needs to know the applicable rate before deducting TDS. In case of a...
Wed, 30 Mar, 2022 at 12:25 PM