TDS Rate Chart FY 2022-23 PDF

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TDS Rate Chart FY 2022-23 PDF

TDS Rate Chart FY 2022-23 PDF Download for free using the direct download link given at the bottom of this article.

Hello, Friends today we are sharing with TDS Rate Chart FY 2022-23 PDF to help taxpayers. IF you are searching TDS Rate Chart FY 2022-23 (AY 2023-24) in PDF format then you have arrived at the right website and you can directly download the TDS Rate Chart For Ay 2023-24 PDF from the link given at the bottom of this page.

TDS or tax deducted at source is a process of collecting Income Tax at source by the GOI (Government of India). It is a deduction of tax from the original source of income. It is essentially an indirect method of collecting the tax that combines the concepts of “pay as you earn” and “collect as it is being earned.”.

TDS Rate Chart FY 2022-23 PDF or AY 2023-24 | TDS Section List

SectionNature of Payment Threshold TDS RateRemarks
192Salary Taxable Income liable to TaxNormal Slab Rate
(or)
New Tax Regime Slab Rate as opted by the employee
Refer to Note 1 for Slab Rates
192APayment of the accumulated balance of provident fund which is taxable in the hands of an employee. 50,00010% –
193Interest on securities  2,50010% –
194Dividend  5,00010% –
194AInterest on Bank Deposit/Post Office Deposit/Banking Co-Society Deposit
(Interest other than “Interest on securities” )
 –
a) Senior Citizen 50,00010% –
b) Others 40,00010% –
194AInterest other than “Interest on securities”
(Other Than Bank Deposit/Post Office Deposit/Banking Co-Society Deposit)
   5,00010% –
194BWinnings from lotteries, crossword puzzles, card games and other games of any sort10,00030% –
194BBWinnings from horse races10,00030% –
194CPayment to contractor/sub-contractor:Single Transaction: 30,000 & Aggregate of Transactions:  1,00,000 –
a) HUF/Individuals1% –
b) Others2% –
194DInsurance commission
a) Individuals   15,0005% –
b) Companies   15,00010% –
194DAPayment in respect of life insurance policy, the tax shall be deducted on the amount of income comprised in insurance pay-out1,00,0005% –
194EPayment to non-resident sportsmen/sports association                              –20%The rate of TDS shall be increased by applicable surcharge and Health & Education cess.
194EEPayment in respect of deposit under National Savings scheme2,50010% –
194FPayment on account of repurchase of unit by Mutual Fund or Unit Trust of India    –20% –
194GCommission on sale of lottery tickets 15,0005% –
194HCommission or brokerage 15,0005% –
194-IRent:
194-I(a) Plant & Machinery2,40,0002% –
194-I(b) Land or building or furniture or fitting2,40,00010% –
194-IAPayment on transfer of certain immovable property other than agricultural land50 Lakh1%Budget 2022 Update
194-IBPayment of rent by individual or HUF not liable to tax audit 50,000 per month5% –
194-ICPayment of monetary consideration under Joint Development Agreements        –10% –
194JFees for professional or technical services:
i) sum paid or payable towards fees for technical services 30,0002% –
ii) sum paid or payable towards royalty in the nature of consideration for sale, distribution or exhibition of cinematographic films; 30,0002% –
iii) Any other sum 30,00010% –
194KIncome in respect of units payable to resident person    –10% –
194LAPayment of compensation on acquisition of certain immovable property2,50,00010% –
194LBPayment of interest on infrastructure debt fund to Non Resident         –5%The rate of TDS shall be increased by applicable surcharge and Health & Education cess.
194LBA(1)A business trust shall deduct tax while distributing, any interest received or receivable by it from an SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unitholders.         –10% –
194LBBInvestment fund paying an income to a unitholder [other than income which is exempt under Section 10(23FBB)]          –10% –
194LBCIncome in respect of investment made in a securitization trust (specified in Explanation of section115TCA)
a) HUF/Individuals            –25% –
b) Others             –30% –
194MPayment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J. 50 Lakh5% –
194NCash withdrawal during the previous year from one or more accounts maintained by a person with a banking company, cooperative society engaged in the business of banking or a post office:
i) in excess of Rs. 1 crore 1 Crore2% –
ii) in excess of Rs. 20 lakhs (for those persons who have not filed return of income (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired.) The deduction of tax under this situation shall be at the rate of:
a) On amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 20 lakhs during the previous year; 20 Lakh2% –
b) On amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 1 crore during the previous year; 1 Crore5% –
194-OPayment or credit of amount by the e-commerce operator to e-commerce participant 5 Lakh1%In case of non-availability of PAN, TDS Rate shall be 5%
194QPurchase of goods (applicable w.e.f 01.07.2021)50 Lakh0.10%
195Payment of any other sum to a Non-residentThe rate of TDS shall be increased by applicable surcharge and Health & Education cess.
a) Income in respect of investment made by a Non-resident Indian Citizen      –20% –
b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen      –10% –
c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112      –10% –
d) Income by way of long-term capital gains as referred to in Section 112A      –10% –
e) Income by way of short-term capital gains referred to in Section 111A      –15% –
f) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses 10(33), 10(36) and 112A      –20% –
g) Income by way of interest payable by the Government or an Indian concern on moneys borrowed or debt incurred by the Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)      –20% –
h) Any other Income      –30% –
194PTDS on Senior Citizen above 75 YearsTaxable Income liable to TaxTax Rates in ForceRefer to Note 1 for Slab Rates
206ABTDS on non-filers of ITR at higher ratesRefer Note 3Higher of the followings rates –

  • twice the rate specified in the relevant provision of the Act; or
  • twice the rate or rates in force; or
  • the rate of 5%
Budget 2022 Update
206AATDS rate in case of Nonavailability of PANAs per the respective sectionTax shall be deducted at the higher of the following rates, namely:—
(i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force; or
(iii) at the rate of 20%
194RTDS on benefit or perquisite of a business or profession20,00010%Introduced in Budget 2022
194STDS on payment for Virtual Digital Assets“Specified Person” Payer– 50,000
Other Payers – 10,000
1%Introduced in Budget 2022

Income Tax Basic Salb Rate FY 2022-23 (AY 2023-24)

Net Income RangeRate of Income Tax
1.1 Individuals (Other than senior and super senior citizens)
Up to Rs. 2,50,000
Rs. 2,50,000 to Rs. 5,00,0005%
Rs. 5,00,000 to Rs. 10,00,00020%
Above Rs. 10,00,00030%
1.2 Individuals (Senior Citizen)
Up to Rs. 3,00,000
Rs. 3,00,000 to Rs. 5,00,0005%
Rs. 5,00,000 to Rs. 10,00,00020%
Above Rs. 10,00,00030%
1.3 Individuals (Super Senior Citizen)
Up to Rs. 5,00,000
Rs. 5,00,000 to Rs. 10,00,00020%
Above Rs. 10,00,00030%

New Tax Regime Slab Rate for Ay 2023-24

The Finance Act, 2020, has provided an option to Individuals and HUF for payment of taxes at the following reduced rates from Assessment Year 2021-22 and onwards:-

Total Income (Rs)Rate
Up to 2,50,000Nil
From 2,50,001 to 5,00,0005%
From 5,00,001 to 7,50,00010%
From 7,50,001 to 10,00,00015%
From 10,00,001 to 12,50,00020%
From 12,50,001 to 15,00,00025%
Above 15,00,00030%

You can download the TDS Rate Chart FY 2022-23 PDF using the link given below.

TDS Rate Chart FY 2022-23 PDF - 2nd Page
TDS Rate Chart FY 2022-23 PDF - PAGE 2

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TDS Rate List 2022-23 PDF

TDS Rate List 2022-23 PDF

Size: 0.40 | Pages: 10 | Source(s)/Credits: get.instapdf.in | Language: English

TDS Rate List 2022-23 PDF download using the link given below.

Added on 22 Apr, 2022 by pk

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