TDS Rate Chart for FY 2022-23/AY 2023-24 – Income Tax

TDS Rate Chart for FY 2022-23

TDS Rate Chart for FY 2022-23: New rates of Tax Deducted at source (TDS) under Income Tax Act, 1961 and many new TDS section are announced. Self assessment tax is paid after the end of financial year, while advance tax is paid during the financial year. TDS is deducted when income is accrued or received by the assesse and adjusted with the income tax liability at the time of filing the Income Tax Return.

TDS Rate Chart for FY 2022-23

SectionFor Payment ofThreshold limitTDS Rate %
192Salary IncomeRs 2,50,000Slab rates
192 AEPF – Premature withdrawal Rs 50,00010%
193Interest on Govt SecuritiesRs. 10,00010%
194DividendRs 5,00010%
194 AInterest by banks / post office other than on securitiesRs. 40,000
(Rs 50,000 for Senior Citzens)
194 AInterest by others other than on securitiesRs. 5,00010%
194 BWinnings from Lotteries / Puzzle / GameRs. 10,00030%
194 BBWinnings from Horse RaceRs. 10,00030%
194CContractRs 30,000 (Single Transaction) Rs 1,00,000 (Aggregate of Transactions)1% (Individuals/HUF)
2% (Others)
194 DPayment of Insurance CommissionRs. 15,0005% (10% in case of domestic companies)
194DAMaturity of Life Insurance PolicyRs 1,00,0005%
194EPayment to non-resident sportsmen/sports associationRs 020% + Cess
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%
194 IRent of Plant & MachineryRs. 2,40,0002%
194 IATransfer of Immovable Property , other than Agricultural landRs. 50 lakh1%
194 IBOther RentRs 50,000 (per month)5%
194ICPayment of monetary consideration under Joint Development AgreementsRs 010%
194JFees for professional or technical servicesRs 30,000 (Rs 0 in case of Directors)2%  (Technical services or call centers), 10% (Professional services)
194KIncome in respect of units (UTI/MF)Rs 5,00010%
194LAPayment of compensation on acquisition of certain immovable propertyRs 2,50,00010%
194 LBInterest from Infrastructure Bond to NRINA10%
194 LDInterest on Rupee denominated bond, municipal debt security and govt. SecuritiesNA5%
194MContract, commission, brokerage or professional fee (other than 194C, 194H or 194J)50 Lakh5%
194NCash withdrawal from bank and ITR filed Rs 1cr2%
194NCash withdrawal from bank and ITR not filed Rs 20 Lakh2%
194NCash withdrawal from bank and ITR not filed Rs 1cr5%
194OE-commerce saleRs 5 lakh1%
194PTDS on Senior Citizen above 75 Years (No ITR filing cases)Rs 3 lakhSlab Rates
194QPurchase of goods Rs 50 lakh0.10%
194RBenefits or perquisites arising from business or professionRs 20,00010%
194STDS on payment for Virtual Digital Assets or crypto currency (w.e.f. 01.07.2022)1%
206AATDS rate in case of Non availability of
Higher of –
As per act
Twice the rate or rate in force
206ABTDS on non-filers of ITR at higher ratesHigher of
– 5%
– Twice the rate or rate in force

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