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TDS
New Page 1
TDS
/ TCS RATES FOR F.Y.2021-22
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Section
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Nature
of Payment
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Threshold
Limit of Payment
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Rates
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192
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Income
from Salary
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Senior
Citizen (60 Years)
|
Rs.
3,00,000
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Super
Senior Citizen (80 Years)
|
Rs.
5,00,000
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Others
|
Rs.
2,50,000
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Average
rate of Tax + Health & Education Cess (Surcharge if Salary
> 50 Lacs) Or,
Option
to choose between New and Old Tax Slab Regime for Salaried Employees
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192A
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Premature
Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS
at Maximum Mariginal Rate of 34.608%)
|
Rs.
50,000
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10%
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193
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*
Interest on Securities
|
Rs.
10,000
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10%
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194
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Dividend
|
Rs.
5,000
|
10%
(Tds
shall not be deducted on Dividend paid or credited to Business trust by
Special Purpose Vehicle or any other person as may be specified)
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194A
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Interest
from a Banking Company
|
Rs.
40,000 per annum for Others /Rs. 50,000 per annum for Senior citizen
|
10%
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194A
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Interest
other than from a Banking Company
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Rs.
5,000 per annum
|
10%
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194B
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Winning
from Lotteries & Cross Word Puzzles
|
Rs.
10,000 per annum
|
30%
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194BB
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Winnings
from horse races
|
Rs.
10,000 per annum
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30%
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194C
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Payment
to contractor/sub-contractor
|
Rs.30,000
Per Contract (or)
Rs. 1,00,000
per annum
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Individual/HUF 1% |
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Others 2% |
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194D
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Insurance
Commision
|
Rs.
15,000
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Resident:5%
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Domestic
Company:10%
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194DA
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Payment
under life insurance policy
|
Rs.1,00,000
per annum
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194EE
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Out
of deposit under NSS
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Rs.2,500
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10%
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