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SectionNature of PaymentTDS Rates (%)
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Foreign Company
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Section 192Payment of SalaryNormal/Non Resident (other than company)l Slab RateNA
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Section 192APayment of accumulated balance of provident fund which is taxable in the hands of an employee.10NA
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Section 194BIncome by way of winnings from lotteries, crossword puzzles, card games and other games of any sort (Above Rs. 10,000/- in respect3030
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of a single transaction)
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Section 194BAWinning from Online Games3030
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Section 194BBWinnings from horse races (Above Rs. 10,000/- in respect3030
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of a single transaction)
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Section 194EPayment to non-resident sportsmen/sports association2020
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Section 194EEPayment in respect of deposits under National Savings Scheme10NA
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Section 194FPayment on account of repurchase of unit by Mutual Fund or Unit Trust of India20NA
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Section 194GCommission on sale of lottery tickets22
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Section 194LBPayment of interest on infrastructure debt fund55
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Sec. 194LBA(2)Payment of the nature referred to in Section 10(23FC)(a)(Interest income of a business trust from SPV distribution to its unitholders)55
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Section 194LBA(2)
Payment of the nature referred to in Section 10(23FC)(b)(Dividend income of a business trust from SPV, in which it holds the entire share capital except the capital held by the government, and distribution to its unitholders)1010
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Section 194LBA(3)
Payment of the nature referred to in section 10(23FCA) by business trust to unit holders(Rental/Leasing income payment of assets owned by the business trust to the unitholders )3035
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Section 194LBBInvestment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].3035
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Section 194LBCIncome in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)3035
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Section 194LCPayment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)*5 / 4*5 or 4*
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Section 194LCLong Term Bond/ rupee Denominated Bonds issue on or after 01 July 2023 listed in SE located in IFSC*99
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* In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC
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Section 194LDPayment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor55
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Section 194NAggregate Cash withdrawal from Bank / Co-operative bank / Post office etc. (* by persons who have not filed ITR for 3 previous years immediately preceding the previous year and the due date for filing ITR under section 139(1) has expired)Cash withdrawal between Rs. 20 lakhs to Rs. 1 crore : 2%Cash withdrawal between Rs. 20 lakhs to Rs. 1 crore : 2%
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Cash withdrawal above Rs. 1 crore : 5%Cash withdrawal above Rs. 1 crore : 5%
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Section 194NAggregate Cash withdrawal from Bank, Post office etc. in case of others.22
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Section 194TPayment of Remuneration/interest/interest by firm to its partners10%-
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Section 195Payment of any other sum to a Non-resident
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a) Income of foreign exchange assets payable to a Non-resident Indian Citizen20NA
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b) Income by way of long-term capital gains referred to in Section 115E12.5-
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c) Income by way of long-term capital gains referred to in section 112(1)(c) (iii)12.512.5
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d) Income by way of long-term capital gains as referred to in Section 112A exceeding Rs. 1 Lakh12.512.5
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e) Income by way of short-term capital gains referred to in Section 111A2020
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f) Any other long-term capital gains income [not being long-term capital gains referred to in clauses 10(33), 10(36) and 112A]12.512.5
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g) Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)2020
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g)i) Income by way of dividend from a unit in IFSC.1010
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ii)Income by way of dividend other than above2020
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h) Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a person resident in India2020
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i) Income by way of royalty [not being royalty of the nature referred to point h) above] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy
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(If Agreement made after 31 March 1961 but before 1 April, 19762050
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(If Agreement made after 1 April, 19762020
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j) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy
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(If Agreement made after Feb 29.02.1964 but before 01.04.19762050
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(If Agreement made after 01.04.19762020
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k) Any other income3035
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Section 196AIncome in respect of units of non resident/Foreign company.2020
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Section 196BIncome from units (including long-term capital gain on transfer of such units) to an offshore fund12.512.5
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Section 196CIncome from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)12.512.5
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Section 196D(1)Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)2020
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Section 196D(1A)Interest income from securities of specified funds1010
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Note: Tax shall be deducted at the rate provided under DTAA if same is lower than the existing TDS rate
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