Relevant Threshold

Section Nature of Payment Limit TDS Rates

As per the As per the

192 Salary income tax income tax
slab slab
Premature withdrawal from
192A Employees’ Provident Fund INR 50,000 10%
(EPF)
Interest on Securities INR 10,000 10%
193
Interest on debentures INR 5,000 10%
Dividends (other than listed
194 _ 10%
companies)
Interest (other than interest on
securities) paid by a banking
INR 40,000 10%
company, co-operative society
or post office.
Interest (other than interest on
securities) paid by a banking
INR 50,000 10%
company, co-operative society
or post office to senior citizens.
194A Interest (other than interest on
INR 5,000 10%
securities) any other case.
Winning from lottery or
194B INR 10,000 30%
crossword puzzle
194BB Winning from horse race INR 10,000 30%
Single 1% in case of
Transaction – Individual /
INR 30,000 HUF
194C Payments to contractors Aggregate
amount during
the Financial 2% Any other
Year – INR
1,00,000
5% in case of
Individual /
194D Insurance Commission INR 15,000
HUF 10%
Any other
1% (5% with
Payment in respect of the life effect from
194DA INR 1,00,000 st
insurance policy 1 September
2019)
194E Payment to non-resident _ 20%
 sportsmen / sports associations
Payment in respect of the
194EE deposits under NSS – National INR 2,500 10%
Savings Scheme
Payment on account of
repurchase of the units by
194F _ 20%
Mutual Funds / Unit Trust of
India
Commission on sale of lottery
194G INR 15,000 5%
tickets
194H Commission / brokerage INR 15,000 5%
2% Plant &
Machinery
10% in case
194-I Rent INR 2,40,000 of Land or
building or
furniture or
fitting
Payment on transfer of
194-IA immovable property (other than INR 50,00,000 1%
agricultural land)
Payment of rent by individual INR 50,000
194-IB 5%
or HUF per month
2% in case the
payee is
engaged in a
business of
Fees for professional or the operation
194J INR 30,000
technical services of call centre
only.

10% in any
other case.
Payment of compensation on
194LA acquisition of certain INR 2,50,000 10%
immovable property
Income by way of interest from
194LB _ 5%
the infrastructure debt fund
10% – In case
of a Resident
Certain income from the units
194LBA of a business trust to its unit _
5% – in case
holder
of a Non-
resident
 [income
referred in
section 10
(23FC) (a)]

30% – in case
of a Non-
resident
[income
referred in
section 10
(23FCA)]
10% – in case
of resident
Income in respect of the units of
194LBB _
investment funds 30% – in case
of non-
resident
25% – in case
of individual /
Income in respect of the
HUF
194LBC investment in securitization _
trust
30% – in any
other case
Interest from the Indian
194LC Company paid to non-resident _ 5%
or to a foreign company
Interest on certain types of
194LD bonds and Government _ 5%
securities
Effective from 1st September
2019 –

Individual or HUF responsible

194M for paying any resident for INR 50,00,000 5%
carrying out any work in
pursuance of a contract or by
way of fees for professional
services during a financial year.
Effective from 1st September
2019 –
194N INR 1 Crore 2%
Banking company or a co-
operative society or post office
paying any sum in cash in
 excess of INR 1 Crore to any
person from an account
maintained by the recipient.
Income out of investments
made by a Non-resident Indian _ 20%
(NRI)
Income from LTCG (Long
Term Capital Gain) referred to _ 10%
under section 193 (1) (c) (iii)
Income from LTCG referred
_ 10%
under section 115E for the NRI
Any other LTCG [except capital
gain referred in section 10 (33),
_ 20%
section 10 (36) and section 10
(38)]
Income from STCG (Short
Term Capital Gain) under _ 15%
195 section 111A
Interest income from money
borrowed in the foreign _ 20%
currency
Income in the form of royalty
payable by Government or an _ 10%
Indian Concern
Any other income in the form
_ 10%
of royalty
Income in the form of fees for
technical services payable by
_ 10%
the Government or an Indian
Concern
Any other income _ 30%