TDS
New Page 1
TDS
/ TCS RATES FOR F.Y.2021-22
Section
|
Nature
of Payment
|
Threshold
Limit of Payment
|
Rates
|
192
|
Income
from Salary
|
Senior
Citizen (60 Years)
|
Rs.
3,00,000
|
Super
Senior Citizen (80 Years)
|
Rs.
5,00,000
|
Others
|
Rs.
2,50,000
|
|
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
|
192A
|
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
|
10%
|
193
|
*
Interest on Securities
|
Rs.
10,000
|
10%
|
194
|
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)
|
194A
|
Interest
from a Banking Company
|
Rs.
40,000 per annum for Others /Rs. 50,000 per annum for Senior citizen
|
10%
|
194A
|
Interest
other than from a Banking Company
|
Rs.
5,000 per annum
|
10%
|
194B
|
Winning
from Lotteries & Cross Word Puzzles
|
Rs.
10,000 per annum
|
30%
|
194BB
|
Winnings
from horse races
|
Rs.
10,000 per annum
|
30%
|
194C
|
Payment
to contractor/sub-contractor
|
Rs.30,000
Per Contract (or)
Rs. 1,00,000
per annum
|
Individual/HUF 1% |
Others 2% |
|
194D
|
Insurance
Commision
|
Rs.
15,000
|
Resident:5%
|
Domestic
Company:10%
|
|
194DA
|
Payment
under life insurance policy
|
Rs.1,00,000
per annum
|
|
194EE
|
Out
of deposit under NSS
|
Rs.2,500
|
10%
|
| |