What is Section 194A of Income Tax Act? Completely Explained

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What Is Section 194A TDS Rate?

According to 194A of Income Tax Act, TDS is deduct ible at 10%.

If a recipient does not furnish his/her PAN to a deductor, then TDS is applicable at 20%. However, there will be no additional education cess, surcharge, or SHEC besides the basic rates.

Here is a table to explain the rate distribution.

Payment Made By	Rate of TDS
Lending Institutions (with PAN)	10%
Lending Institutions (without PAN)	20%

Section 194A of Income Tax Act

What Is Section 194A in Income Tax?

Who Are Liable to Pay TDS Under Section 194A of Income Tax Act?

When Is Tax Deduction Under Section 194A Applicable?

When Does Nil/Lower TDS Deduction Take Place?

Declaration via form 15G/15H u/s 197A

Declaration via Form 13 under Section 197

What Is Section 194A TDS Rate?

What Is the Deadline for Section 194A Deposit?

Frequently Asked Questions

✓ How can I deposit TDS under Section 194A?

✓ Do I get proof or document after paying TDS under Section 194A?

More article about Income Tax in India

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