[PDF] TDS Rate Chart For FY 2022-23 PDF Download – PDFfile

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TDS Rate Chart For FY 2022-23 PDF Download

TDS Rate Chart For FY 2022-23 PDF download link is given at the bottom of this article. You can direct download PDF of TDS Rate Chart For FY 2022-23 for free using the download button.

TDS Rate Chart For FY 2022-23 PDF Summary

Hello Friends, today we are going to upload TDS Rate Chart For FY 2022-23 PDF to assist you all. Tax deduction at Source is one of the important compliances for Income Tax Assessee. There are various sections in Income Tax Law, which specify different TDS rates, nature of payment & threshold limits for TDS. Every year when the Budget is presented by FM, under Direct Tax Proposals, various changes in respect of TDS/TCS are also introduced. In Budget 2022, major changes have been proposed viz. TDS on payment for the transfer of a virtual digital asset, TDS on Sale of Immovable Property (Higher of Stamp Duty Valuation & Sales Consideration),

Higher TDS Rates for Non-Filers of ITR (Reduced 1 year), and TDS on benefit or perquisite of a business or profession.  In this article, various TDS rates applicable for FY 2022-2023 (AY 2023-2024) i.e. for the period from 01.04.2022 to 31.03.2023 have been presented in Tabular Form along with an explanation of Budget 2022 changes in respect of TDS.

TDS Rate Chart for FY 2021-22 (AY 2022-23) PDF- Highlights

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 can download the TDS Rate Chart For FY 2022-23 PDF by clicking on the link given below. 

TDS Rate Chart For FY 2022-23 pdf

TDS Rate Chart For FY 2022-23 PDF Download Link

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