Section and Nature of Payment
|
Payer
|
Applicable Rate
|
Section 192, Salary
|
Salaried individual
|
Applicable Income Tax slab
|
Section 192A, Premature withdrawal of EPF
|
Individual
|
10% of the total sum
|
Section 193, Interest amount on securities
|
Individual
|
10%
|
Section 194, Dividends
|
Domestic companies
|
10%
|
Section 194A, Interest on assets & securities
|
Individuals except for taxpayers and HUF liable for audit
|
10%
|
Section 194B, Applicable on money earned through any competition or lottery
|
Individual
|
30%
|
Section 194BB, Prize amount on winning horse race
|
Any individual
|
30%
|
Section 194C, Contractors
|
Individuals except for taxpayers and HUF liable for audit
|
1% for individuals and HUF, 2% for other taxpayers
|
Section 194D, Insurance commission
|
Insurance aggregator
|
5% for individuals and HUF and 10% for other agents
|
Section 194DA, Life insurance policy
|
Individual
|
1%
|
Section 194E, Payments to a non-residential sportsperson
|
Individual
|
20%
|
Section 194EE, Deposit under NSS
|
Individual
|
10%
|
Section 194G, Commission from the sale of lottery ticket
|
Individual
|
10%
|
Section 194H, TDS on commission or brokerage earned
|
Individuals except for taxpayers and HUF liable for audit
|
5%
|
Section 194I, TDS on rent
|
Individuals except for taxpayers and HUF liable for audit
|
2% (from machines or equipment) or 10% (from land, buildings and furniture)
|
Section 194IA, TDS on funds earned for transfer of immovable assets (except agricultural land)
|
Individual
|
1%
|
Section 194IB, Rent by individuals & HUF
|
Individuals except for taxpayers and HUF liable for audit
|
5%
|
Section 194IC, Payment on agreement
|
Individual
|
10%
|
Section 194J, Royalty, professional or technical services
|
Individuals except for taxpayers and HUF liable for audit
|
10%
|
Section 194LA, Compensation for acquisition of an immovable asset
|
Individual
|
10%
|
Section 194LB, Income from infrastructure debt fund interest
|
Infrastructure debt funds
|
5%
|
Section 194LBA, Income from units of a business trust
|
Business trusts
|
10% for resident individuals and 5% for NRI
|
Section 194LBB, Income from units of investment funds
|
Investment funds
|
40%
|
Section 194 LBC, TDS on income earned from investments of securitization trusts
|
Securitization trusts
|
25% for individuals and HUF and 30% for investor
|
Section 194LC, Income from an Indian company
|
Indian companies and business trusts
|
5%
|
Section 194LD, TDS on income earned from certain Government security and bond’s interest
|
Individual
|
5%
|
Section 195, Payment to a non-organizational entity or foreign company
|
Individual
|
As specified by DTAA or Income Tax Act
|
Section 196B, Income from the offshore funds
|
Individual
|
10%
|
Section 196C, Income from foreign current bonds
|
Individual
|
10%
|
Section 196D, Income from foreign institutional investors
|
Individual
|
20%
|