TDS Rate Chart FY 2022-23 PDF Summary
Hello, friends today we are sharing with TDS Rate Chart FY 2022-23 PDF for the financial year 2022-23 to help the taxpayers. If you are searching for TDS Rate Chart FY 2022-23 (Age 2023-24) in PDF Format then you have landed on the right website and you can directly download TDS Rate Chart for the Year 2023-24 PDF from the link given below of this page.
TDS or Tax Deduction at Source is a process by the Government of India (Government of India) to collect income tax at source. It is a deduction of tax from the actual source of income. It is essentially an indirect method of collecting taxes that combines the concepts of “pay as you earn” and “collect as you earn”.
TDS Rate Chart FY 2022-23 PDF
| Section | Nature of Payment | Threshold | Individual/HUF | Others |
| 192 | Salary | Taxable Income liable to Tax | Normal Slab Rate OR New Tax Regime Slab Rate as opted by the employee. OPTION TO CHOOSE BETWEEN NEW AND OLD TAX SLAB REGIME FOR SALARIED EMPLOYEES | NA |
| 192A | Premature withdrawal from EPF | 50,000 | 10% | NA |
| 193 | Interest on securities | 2,500 | 10% | 10% |
| 194 | Dividend | 5,000 | 10% | 10% |
| 194A | Interest on Bank Deposit/Post Office Deposit/Banking Co-Society Deposit | 40000 | 10% | 10% |
| 194A | Interest on Bank Deposit/Post Office Deposit/Banking Co-Society Deposit (Payee: Senior Citizen) | 50,000 | 10% | NA |
| 194A | Interest other than “Interest on securities”(Other Than Bank Deposit/Post Office Deposit/Banking Co-Society Deposit) | 5,000 | 10% | 10% |
| 194B | Winnings from lotteries, crossword puzzles, card games and other games of any sort | 10,000 | 30% | 30% |
| 194BB | Winnings from horse races | 10,000 | 30% | 30% |
| 194C | Payment to contractor/sub-contractor | Single Transaction: 30,000 & Aggregate of Transactions: 1,00,000 | 1% | 2% |
| 194D | Insurance commission | 15,000 | 5% | 10% |
| 194DA | Payment in respect of life insurance policy | 1,00,000 | 1% | 1% |
| 194E | Payment to non-resident sportsmen/sports association | – | 20% | 20% |
| 194EE | Payment in respect of deposit under National Savings scheme | 2,500 | 10% | 10% |
| 194F | Payment on account of repurchase of the unit by Mutual Fund or Unit Trust of India | – | 20% | 20% |
| 194G | Commission on sale of lottery tickets | 15,000 | 5% | 5% |
| 194H | Commission or brokerage | 15,000 | 5% | 5% |
| 194-I | Rent: | |||
| 194I(a) | Rent of Plant & Machinery | 2,40,000 | 2% | 2% |
| 194I(b) | Rent of Land or building or furniture or fitting | 2,40,000 | 10% | 10% |
| 194-IA | Payment on transfer of certain immovable property other than agricultural land | 50 Lakh | 1% | 1% |
| 194-IB | Payment of rent by individual or HUF not liable to tax audit | 50,000 per month | 5% | NA |
| 194-IC | Payment of monetary consideration under Joint Development Agreements | – | 10% | 10% |
| 194J(a) | Fees for technical services or towards royalty in the nature of consideration for sale, distribution, or exhibition of cinematographic films; | 30,000 | 2% | 2% |
| 194J(b) | Fees for professional services | 30,000 | 10.00% | 10.00% |
| 194K | Income in respect of units payable to a resident person | – | 10% | 10% |
| 194LA | Payment of compensation on acquisition of certain immovable property | 2,50,000 | 10% | 10% |
| 194LB | Payment of interest on infrastructure debt fund to Non Resident | – | 5% | 5% |
| 194LBA(1) | The 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% | 10% |
| 194LBB | Investment fund paying an income to a unitholder [other than income which is exempt under Section 10(23FBB)] | – | 10% | 10% |
| 194LBC | Income in respect of investment made in a securitization trust (specified in Explanation of section115TCA) | 25% | 30% | |
| 194M | Payment of commission ( to a resident person by an individual or a HUF who is not liable to deduct TDS under section 194C, 194H, or 194J. | 50 Lakh | 5% | 5% |
| 194N | Cash withdrawal during the previous year from one or more accounts maintained by a person with a banking company, co-operative society engaged in the business of banking or a post office: in excess of 1 Crore | 1 Crore | 2% | 2% |
| 194-O | Payment or credit of amount by the e-commerce operator to e-commerce participant | 5 Lakh | 1% | 1% |
You may also like:
TDS Declaration Form 2021-22
TDS Payment Due Date For March 2022
TDS Rate Chart for FY 2021-2022
You can download the TDS Rate Chart FY 2022-23 PDF by clicking on the link given below.
