Nature of Payment Made To Residents
Threshold (Rs.)
Company / Firm /Co-operative Society /Local Authority
Individual / HUF
If No / Invalid PAN
Non residents other than company (if income between Rs. 50 lakh and Rs. 1 Crore)
Non residents other than company (if income exceeds Rs. 1 Crore and Rs 2 crore)
Non residents other than company (if income exceeds Rs. 2 Crore and Rs 5 crore)
Non residents other than company (if income exceeds Rs. 5 Crore)
Non resident companies (if income is between Rs.1 Crore and 10 Crore)
Non resident companies if income is greater than Rs.10 Crore
Surcharge on Co-perative Society & Firms in case of Non-Residents (if income exceeds Rs. 1 crore)
Section – Description
IT Rate (%)
Surcharge Rate (%)
192A – Payment of accumulated balance due to an employee.(applicable from 01.06.2015)
50,000
–
10
30
10
15
25
37
–
–
–
193 – Interest on securities
10,000
10
10
20
–
–
–
–
–
–
–
194 – Dividends
5,000
10
10
20
–
–
–
–
–
–
–
194A – Interest other than interest on securities – in any Others Case
5,000
10
10
20
–
–
–
–
–
–
–
194A -Banks / Co-operative society engaged in business of banking / Post Office
40,000
10
10
20
–
–
–
–
–
–
–
194A – Senior citizen
50,000
–
10
20
–
–
–
–
–
–
–
194B – Winning from Lotteries
10,000
30
30
30
10
15
25
37
2
5
12
194B proviso – Winnings from lotteries and crossword puzzles where consideration is made in kind or cash is not sufficient to meet the tax liability and tax has been paid before such winnings are released (Applicable From 01-July-2021)
10,000
30
30
30
10
15
25
37
2
5
12
194BB – Winnings from Horse Race
10,000
30
30
30
10
15
25
37
2
5
12
194C – Payment to Contractors
1,00,000
2
1
20
–
–
–
–
–
–
–
194IC- Payment under Specified agreement
–
10
10
20
–
–
–
–
–
–
–
194D – Insurance Commission
15,000
10
5
20
–
–
–
–
–
–
–
194DA – Payment in respect of life insurance policy (applicable from 01.10.2014)
1,00,000
5
5
20
–
–
–
–
–
–
–
194E – Payment to Non-Resident Sportsmen or Sports Association
–
20
20
20
10
15
25
37
2
5
12
194EE – Payments out of deposits under NSS
2,500
10
10
20
10
15
25
37
2
5
12
194F – Repurchase Units by MFs
–
20
20
20
10
15
25
37
2
5
12
194G – Commission – Lottery
15,000
5
5
20
10
15
25
37
2
5
12
194H – Commission / Brokerage
15,000
5
5
20
–
–
–
–
–
–
–
194I – Rent
194I(b)-Land and Building/ Furniture/ Fittings
2,40,000
10
10
20
–
–
–
–
–
–
–
194I(a) – Plant/ Machinery/ Equipment
2,40,000
2
2
20
–
–
–
–
–
–
–
194IA – Transfer of certain immovable property other than agriculture land (w.e.f. 1-6-2013)
50,00,000
1
1
20
–
–
–
–
–
–
–
194J – Fees for Professional/ Technical Services
30,000
10 – Others
2 – Fees for Technical Services (not being professional services), royalty for sale, distribution or exhibition of cinemato-graphic films and call centre
10 – Others
2 – Fees for Technical Services (not being professional services), royalty for sale, distribution or exhibition of cinemato-graphic films and call centre
20
–
–
–
–
–
–
–
194K – Payment of Dividend by Mutual Funds (Applicable From 01-Apr-2020)
5,000
10
10
20
–
–
–
–
–
–
–
194LA – Immovable Property
2,50,000
10
10
20
–
–
–
–
–
–
–
194LB – Income by way of interest from infrastructure debt fund (non-resident)
–
5
5
20
10
15
25
37
2
5
12
194LBA – Certain income from units of a business trust to Residents
194LBA (a) – Certain Income in the form of interest from units of a business trust to a residential unit holder
–
10
10
20
–
–
–
–
–
–
–
194LBA (b) – Certain Income in the form of dividend from units of a business trust to a resident unit holder
–
10
10
20
–
–
–
–
–
–
–
194LBA – Certain income from units of a business trust to Non Resident :-
194LBA(1) – Payment of the nature referred to in Section 10(23FC)(a)
–
5
5
20
10
15
25
37
2
5
12
194LBA (2) – Payment of the nature referred to in Section 10(23FC)(b)
–
10
10
20
10
15
25
37
2
5
12
194LBA (3) – Payment of the nature referred to in section 10(23FCA) by business trust to unit holders
–
40% – For Non Residents Company
30% – For Non Residents other than companies
30
30/40
10
15
25
37
2
5
12
194LBB – Income in respect of units of investment fund.
–
10% – For Residents
40% – For Non Residents Company
30% – For Non Residents other than companies
10% – For Residents
30% – For Non Resident
20/30/40
10
15
25
37
2
5
12
Sec 194LBC – Income in respect of investment in securitisation trust.
–
30% – For Residents
40% – For Non Residents Company
30% – For Non Residents other than companies
25% – For Residents
30% – For Non Resident
25/30/40
10
15
25
37
2
5
12
Sec 194LC – Income by way of interest by an Indian specified company to a non-resident / foreign company on foreign currency approved loan /long-term infrastructure bonds from outside India (applicable from July 1, 2012)
–
5 or 4*
* In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC
5 or 4*
* In case where interest is payable in respect of Long-term Bond or Rupee Deno-minated Bond listed on recognised stock exchange located in IFSC
20
10
15
25
37
2
5
12
194LD – Interest on certain bonds and govt. Securities (from 01-06-2013)
–
5
5
20
10
15
25
37
2
5
12
194N – Payment of certain amounts in cash.
Withdrawal in Excess of Rs. 1 Cr.
2
2
20
194NF – Payment of certain amounts in cash to non-filers
1. Withdrawl Exceed 20 Lacs but does not exceed 1 Cr.
2. Withdrawl Excess 1 Cr.
2% – Exceed 20 Lacs but does not exceed 1 cr.
5%-Withdrawl in Excess of Rs. 1 cr.
2% – Exceed 20 Lacs but does not exceed 1 cr.
5%-Withdrawl in Excess of Rs. 1 cr.
20
194O – TDS on e-commerce participants (Applicable From 01-Oct-2020)
500000 (Individual /HUF)
1
1
5
194P – TDS in case of Specified Senior Citizen
–
Not Applicable
Rates in Force
194Q – TDS on Purchase of Goods exceeding Rs. 50 Lakhs (Applicable From 01-July-2021)
In Excess of Rs. 50 Lakhs
0.1
0.1
5
194R – TDS in case any benefit or perquisite (arising from business or the exercise of a profession) is provided (Applicable From 01-July-2021)
20000
10
10
20
First Proviso to sub-section (1) of section 194R- TDS in case any Benefits or perquisites of business or profession where such benefit is provided in kind or where part in cash is not sufficient to meet tax liability and tax required to be deducted is paid before such benefit is released ( Applicable From 01-July-2021)
20000
10
10
20
194S- TDS on payment on transfer of Virtual Digital Asset ( Applicable From 01-July-2021)
10000
1
1
20
Proviso to sub-section(1) of section 194S- TDS on Payment for transfer of virtual digital asset where payment is in kind or in exchange of another virtual digital asset and tax required to be deducted is paid before such payment is released ( Applicable From 01-July-2021)
10000
1
1
20
Sec 195 – Other Sums
–
Average rates as applicable
–
20/30/40
10
15
25
37
2
5
12
Sec 196A – Foreign comp unit holder of MF
–
* 20
* Not Applicable for company
20
20
10
15
25
37
2
5
12
Sec 196B – Income from units
–
10
10
20
10
15
25
37
2
5
12
Sec 196C – Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)
–
10
10
20
10
15
25
37
2
5
12
Sec 196D – Income of Foreign Institutional Investors/ Specified Fund :-
Sec 196D – Income of foreign institutional investors from securities under sub-section (1)
–
20
20
20
10
15
25
37
2
5
12
Sec 196DA – Income of specified fund from securities referred to in clause (a) of sub-section (1) of section 115AD (other than interest income referred to in section 194LD)
–
10
10
20
10
15
25
37
2
5
12
