Rates of TDS from 01/04/2021 [FY 2021-22]


Rates of TDS from 01/04/2021 [FY 2021-22]

The rate of TDS along with relevant section, Applicable Threshold limit as effective from 01/04/2021 from the Financial year 2021- 22 is as under:
Section under which TDS is applicable Nature of Payment Cut Off Limit above which TDS is applicable Rate of TDS
192 Salary Income Income Tax Slab As per applicable slab according to old or new tax regime opted by the taxpaeyrs.
192 A Premature EPF withdrawal Rs 50,000 10%
If no Pan, TDS @ 30%
193 Interest on Securitas Rs. 10,000 10%
193 Interest on Debentures Rs 5,000 10%
194 Dividend

(Dividend other than listed companies)


Rs 5,000 10%

(No TDS on Dividend  Pay outs by REITs / InvITs as per FA-2021)

194 A Interest other than on securities by banks / post office Rs. 40,000

(Rs 50,000 for Senior Citzens)

194 A Interest other than on securities by others Rs. 5,000 10%
194 B Winnings from Lotteries / Puzzle / Game Rs. 10,000 30%
194 BB Winnings from Horse Race Rs. 10,000 30%
194 C Contractor-Single transaction- Rs.30,000
Individual/HUF 1%
  -Others 2%
194 C Contractor- Consolidated payment transaction- Rs.1,00,000
Individual/HUF 1%
  -Others 2%
194 D Payment of Insurance Commission Rs. 15,000 5% (Individuals)
(Form 15G/H can be submitted) 10% (Companies)
194DA Payment in respect of Life Insurance Policy Rs 1,00,000 5%
194E Payment to non-resident sportsmen/sports association 20%
194 EE Payment of NSS Deposits Rs 2,500 10%
194 G Commission on Sale of Lottery tickets Rs 15,000 5%
194 H Commission or Brokerage Rs 15,000 5%
194 I Rent of Land, Building or Furniture Rs. 2,40,000 10%
194I Rent of Plant & Machinery Rs. 2,40,000 2%
194 IB Rent

(Tenant has to deduct TDS)

(Individuals who are not liable to Tax Audit)

Rs 50,000 (per month) 5%
194 IA Transfer of Immovable Property, other than Agricultural land Rs. 50 lakh 1%
194IC Payment of monetary consideration under Joint Development Agreements 10%
194J Fees for professional or technical services Rs 30,000 2% (or) 10%
194LA Payment of compensation on acquisition of certain immovable property Rs 2,50,000 10%
194 LB Interest from Infrastructure Bond to NRI NA 5%
194 LD Interest on certain bonds and govt. Securities NA 5%
194N Cash withdrawal during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office: > Rs 1cr 2%
194Q Purchase of goods (applicable w.e.f 01.07.2021) Rs 50 lakh 0.10%
206AB TDS on non-filers of ITR at higher rates

(applicable w.e.f 01.07.2021)

5% or Twice the rates in force
194P TDS on Senior Citizen above 75 Years (No ITR filing cases) Slab Rates