Income TaxTaxation

Rate of TDS for FY 2021-22

tdsratesfy2021-22
Applicable Threshold limit as effective from 01/04/2021 from the Financial year 2021- 22 is as under:
Section under which TDS is applicableNature of PaymentCut Off Limit above which TDS is applicableRate of TDS
192Salary IncomeIncome Tax SlabAs per applicable slab according to old or new tax regime opted by the taxpaeyrs. 
 
192 APremature EPF withdrawalRs 50,00010% 
If no Pan, TDS @ 30% 
193Interest on SecuritasRs. 10,00010% 
193Interest on DebenturesRs 5,00010% 
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 AInterest other than on securities by banks / post office

Rs. 40,000

(Rs 50,000 for Senior Citzens)

10% 
 
194 AInterest other than on securities by othersRs. 5,00010% 
194 BWinnings from Lotteries / Puzzle / GameRs. 10,00030% 
194 BBWinnings from Horse RaceRs. 10,00030% 
194 CContractor-Single transaction-Rs.30,000  
Individual/HUF1% 
  -Others2% 
194 CContractor- Consolidated payment transaction-Rs.1,00,000  
Individual/HUF1% 
  -Others2% 
194 DPayment of Insurance CommissionRs. 15,0005% (Individuals) 
(Form 15G/H can be submitted)10% (Companies) 
194DAPayment in respect of Life Insurance PolicyRs 1,00,0005% 
194EPayment to non-resident sportsmen/sports association20% 
194 EEPayment of NSS DepositsRs 2,50010% 
194 GCommission on Sale of Lottery ticketsRs 15,0005% 
194 HCommission or BrokerageRs 15,0005% 
194 IRent of Land, Building or FurnitureRs. 2,40,00010% 
194IRent of Plant & MachineryRs. 2,40,0002% 
194 IB

Rent

(Tenant has to deduct TDS)

(Individuals who are not liable to Tax Audit)

Rs 50,000 (per month)5% 
 
 
194 IATransfer of Immovable Property, other than Agricultural landRs. 50 lakh1% 
194ICPayment of monetary consideration under Joint Development Agreements10% 
194JFees for professional or technical servicesRs 30,0002% (or) 10% 
194LAPayment of compensation on acquisition of certain immovable propertyRs 2,50,00010% 
194 LBInterest from Infrastructure Bond to NRINA5% 
194 LDInterest on certain bonds and govt. SecuritiesNA5% 
194NCash 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 1cr2% 
194QPurchase of goods (applicable w.e.f 01.07.2021)Rs 50 lakh0.10% 
206AB

TDS on non-filers of ITR at higher rates

(applicable w.e.f 01.07.2021)

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

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