New TDS Price Chart for FY 2021-22 and AY 2022-23 – Marg Erp


content list

  • TDS prices for the fiscal year 2021-22
  • TDS rates applicable in India
  • New TDS price chart for India resident
  • New TDS price chart for domestic company
  • FY 2021-22 TDS Price Chart for Non Domestic Companies

TDS prices for fiscal year 2021-22 and AY 2022-23

based on income bracket Different TDS rates apply to different taxpayers. TDS rates are predetermined in accordance with the current year’s financial budget, and tax is deducted from different taxpayers based on these schemes.

The tax is deducted from the source (dissolved solids) By the seller at the source of the product or services purchased by the customer. The tax collected from TDS is submitted to the government which is used in multiple activities like infrastructure development, government development, defense facilities, etc. Depending on the type of product or service, the TDS that the taxpayer has to deduct from a customer is charged. If he deducted more than the required tax amount, the customer is responsible for submitting a request to refund the tax withheld at source. The individual will be required to submit a Tax Refundable Return (TDS) application to receive the refund amount. The tax withholding can be collected at source or regularly, for a period or sometimes on the basis of salary, commission, fees, etc.

TDS rates applicable in India

Different TDS rates apply in different scenarios in India, the rates applicable for payments of residents and non-residents as well as domestic and foreign businesses in India are given below in the tables.

New TDS Price Chart for India Population

category Dissolved Solids Rate (%)

Section 192: pay salary

Section 192a: early withdrawal from EPF

10

Section 194b: Income through lottery winnings, crossword puzzles, card games, and other games

30

Section 194BB: Income through horse racing

30

Section 194 H: Payment to a non-resident athlete or artist (not a citizen of India) or a non-resident sports federation.

20

Section 194 H: Payment under the National Savings Scheme (NSS) per person

10

Section 194 and: Repurchase of a unit by a Unit Trust of India (UTI) or a mutual fund

20

Section 194g: Commission, tip, etc., on the sale of lottery tickets

5

Section 194 lbs: Payment as compensation for the acquisition of certain immovable property

5

Section 194 LBA (2) The interest income that a business trust receives from a special purpose company and its distribution to unit holders

5

Section 194 LBA (2) Dividend income received from a special purpose by a business trust, in which it owns the entire capital other than what is required by the government or government agency, and distributed to unit holders.

10

Section 194 LBA (3) – Rental income from real estate assets owned directly by the unit owners

30

Section 194LBB: Payment through an investment fund for the unit owner

30

Section 194 LBC: Income from investing in a securitized fund

30

Section 194LC: Interest on a loan borrowed in foreign currency by an Indian company or trade credit against a loan agreement or long-term bond issue.

5

If the interest is payable on long-term bonds listed on a stock exchange recognized in IFSC

4

Section 194LD: Interest on rupee bonds for foreign investors or foreign investor.

5

Section 196b: Income (including LTCG) from units of an external fund

10

Section 196c: Income (including LTCG) from an Indian company’s GDR or foreign currency bond

10

Section 196d: Income from foreign institutional investors (excluding dividends and capital gains)

20

New TDS rate chart for domestic company

category Dissolved Solids Rate (%)

Section 192: pay salary

Section 192a: Early withdrawal from EPF

10

Part 193: interest on stock

a) Central or government securities

NS) Security by a local authority or corporation established by central, state, or county law

NS) Bonds issued by a company (listed on a recognized stock exchange)

Dr) Interest on any other security

10

Article 194: Dividend

10

Section 194a: Income in the form of interest other than interest on securities

10

Section 194b: Income from lotteries, card games, crossword puzzles and any other kind of games

30

Section 194BB: Income from winning a horse race

30

Section 194c: Payment to the contractor or subcontractor.

a) Individuals / Hungarian Forint

NS) Aharon

1

2

Section 194d: Pay as insurance commission

10

Section 194DA: Pay any amount for a life insurance policy. wef September 1, 2019. The insurance company must deduct VAT on the portion of income covered by insurance payments

5

Section 194 H: Paying for a National Savings Scheme (NSS) for a person

10

Section 194 and: Payment for repurchase by Unit Trust of India (UTI) or Mutual Fund

20

Section 194g: Commission, etc., on the sale of lottery tickets

5

Section 194h: Payment as commission or brokerage

5

Article 194-I: rent

a) Factory and machinery

NS) Land/Building/Furniture/Installation wef 1st April 2019 New limit for rent tax deduction is Rs 2.4 thousand per year

2

10

Section 194-IA: Payment for the transfer of immovable property other than agricultural land.

1

Section 194-IC: Payment for Joint Development Agreements (JDA) for Individuals or HUF

10

Section 194j: Any amount paid as a fee for professional services

10

Section 194j: Any amount paid as remuneration/fee or commission to the manager

10

Section 194j: Any amount paid for not doing any activity related to any business

10

Section 194j: Any amount paid for not sharing any experience, patent, copyright, etc.

10

Section 194j: Any amount paid as a fee for technical services

2

Section 194j: Any amount paid as a royalty in exchange for selling, distributing, or showing films

2

Section 194j: Any amount paid as technical services fee for call center operation business

2

Section 194k: Payment for Mutual Fund Units pursuant to Section 10 (23D) or from the Specified Company or Administrator

10

Article 194LA: Payment as compensation for the acquisition of certain immovable property

10

Section 194 LBA (1): Payments are distributed by a business credit to the unit holder

10

Section 194LBB: Payment for units of an investment fund for the unit holder

10

Section 194 LBC: Payments for investment in the securitization fund

10

Section 194 AD: Certain payments by individuals or HUF up to Rs 50 Lakhs

5

Section 194N: Cash withdrawal over Rs 1 crore

In the event that Rs 20 lakh or more is withdrawn by a person who has not deposited an ITR within the last 3 years, TDS rates shall apply as per the panels below-

a. 20 lakh rupees – Rs. 1 Crore

NS. For the above Rs. 1 Crore

2

2

5

Section 194O: To sell goods or provide services by an e-commerce operator through its digital or electronic platform

1
Section 194P: Payments (pension or interest) for seniors or age 75 or over Tax on total income at rates

Section 194 Q: Payments to suppliers for purchase of merchandise worth more than Rs 50

0.1

any other income

10

FY 2021-22 TDS Price Chart for Non Domestic Companies

category Dissolved Solids Rate (%)

Section 194b: Income from lotteries, card games, crossword puzzles and any other kind of games

30

Section 194BB: Income from winning a horse race

30

Section 194 H: Payment to a non-resident athlete or artist (not a citizen of India) or a non-resident sports federation.

20

Section 194g: Commission, tip, etc., on the sale of lottery tickets

5

Section 194 lbs: Payment as compensation for the acquisition of certain immovable property

5

Section 194 LBA (2) The interest income that a business trust receives from a special purpose company and its distribution to unit holders

5

Section 194 LBA (2) Dividend income received from a special purpose by a business trust, in which it owns the entire capital other than what is required by the government or government agency, and distributed to unit holders.

10

Section 194 LBA (3) – Rental income from real estate assets owned directly by the unit owners

40

Section 194LBB: Payment for a unit owner’s investment fund

40

Section 194 LBC: Income from investing in a securitized fund

40

Section 194LC: Interest on a loan borrowed in foreign currency by an Indian company or trade credit against a loan agreement or against the issuance of long-term bonds.

5

If interest is payable on long-term bonds listed on an IFSC-recognized stock exchange

4

Section 194LD: Interest on rupee bonds for foreign investors or foreign investor

5

Section 196b: Paying for Outer Box Units Including LTCG

10

Section 196c: Payment of foreign currency bonds or East Germany (Including LTCG) for an Indian company

10

Section 196d: Payment to foreign investors (excluding dividends and capital gains)

20

Click below for TDS prices for the 2020-21 fiscal year
TDS FY Price Chart 2020-21



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