{"id":7167,"date":"2024-05-16T17:53:17","date_gmt":"2024-05-16T17:53:17","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=7167"},"modified":"2026-01-17T19:40:05","modified_gmt":"2026-01-17T19:40:05","slug":"tds-rate-chart-for-the-fy-2024-25","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/","title":{"rendered":"TDS RATE CHART for the FY 2024-25"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69da9336aee31\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69da9336aee31\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Tax_Deducted_at_Source_TDS_RATE_CHART_for_the_FY_2024-25\" title=\"Tax Deducted at Source (TDS) RATE CHART for the FY 2024-25\">Tax Deducted at Source (TDS) RATE CHART for the FY 2024-25<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Q_How_can_the_TDS_be_deposited\" title=\"Q.: How can the TDS be deposited?\">Q.: How can the TDS be deposited?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Q_When_is_the_deadline_for_submitting_TDS\" title=\"Q.: When is the deadline for submitting TDS?\">Q.: When is the deadline for submitting TDS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Q_What_are_the_ramifications_of_failing_to_deduct_or_pay_TDS\" title=\"Q.: What are the ramifications of failing to deduct or pay TDS?\">Q.: What are the ramifications of failing to deduct or pay TDS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Q_If_the_buyer_pays_tax_due_on_the_income_reported_in_the_return_of_income_is_the_seller_considered_as_the_assessee_in_default\" title=\"Q.: If the buyer pays tax due on the income reported in the return of income, is the seller considered as the assessee in default?\">Q.: If the buyer pays tax due on the income reported in the return of income, is the seller considered as the assessee in default?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Q_What_is_the_deadline_for_submitting_a_TDS_return\" title=\"Q.: What is the deadline for submitting a TDS return?\">Q.: What is the deadline for submitting a TDS return?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Q_What_are_the_ramifications_of_being_an_assessee_in_default_under_the_Income_Tax_Act_of_1961\" title=\"Q.: What are the ramifications of being an assessee in default under the Income Tax Act of 1961?\">Q.: What are the ramifications of being an assessee in default under the Income Tax Act of 1961?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Interest_levied_under_Section_220\" title=\"Interest levied under Section 220.\">Interest levied under Section 220.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Section_221_imposes_a_penalty\" title=\"Section 221 imposes a penalty.\">Section 221 imposes a penalty.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Sections_222_227_229_and_232_govern_recovery_proceedings\" title=\"Sections 222, 227, 229, and 232 govern recovery proceedings.\">Sections 222, 227, 229, and 232 govern recovery proceedings.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Proceedings_for_Prosecution\" title=\"Proceedings for Prosecution.\">Proceedings for Prosecution.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Reduction_in_TDS_rates_wef_October_1_2024\" title=\"Reduction in TDS rates w.e.f October 1, 2024\">Reduction in TDS rates w.e.f October 1, 2024<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#TDS_Rate_chart_for_FY_2024-25\" title=\"TDS Rate chart for FY 2024-25\">TDS Rate chart for FY 2024-25<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#TCS_Rate_Chart_for_FY_2024-25\" title=\"TCS Rate Chart for FY 2024-25\">TCS Rate Chart for FY 2024-25<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#A_Practical_on_TDS_Provisions_in_India\" title=\"A Practical on TDS Provisions in India\">A Practical on TDS Provisions in India<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Salary_Investment_Income\" title=\"Salary &amp; Investment Income\">Salary &amp; Investment Income<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Interest_Winnings_Insurance_Payouts\" title=\"Interest, Winnings &amp; Insurance Payouts\">Interest, Winnings &amp; Insurance Payouts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Business_Professional_Payments\" title=\"Business &amp; Professional Payments\">Business &amp; Professional Payments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Rent_Property_Transactions\" title=\"Rent &amp; Property Transactions\">Rent &amp; Property Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Purchase_Transactions_Cash_Withdrawals_Digital_Economy\" title=\"Purchase Transactions, Cash Withdrawals &amp; Digital Economy\">Purchase Transactions, Cash Withdrawals &amp; Digital Economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.caindelhiindia.com\/blog\/tds-rate-chart-for-the-fy-2024-25\/#Key_Compliance_Rules_Every_Team_Must_Track\" title=\"Key Compliance Rules Every Team Must Track\">Key Compliance Rules Every Team Must Track<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tax_Deducted_at_Source_TDS_RATE_CHART_for_the_FY_2024-25\"><\/span><a href=\"https:\/\/carajput.com\/publications\/tds-rate-chart-of-fy-2023-24.pdf\"><span style=\"color: #000080;\">Tax Deducted at Source (TDS) RATE CHART for the FY 2024-25<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7773\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-rate.-.jpg\" alt=\"TDS rate\" width=\"1120\" height=\"518\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-rate.-.jpg 1036w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-rate.--300x139.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-rate.--1024x473.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-rate.--768x355.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-rate.--800x370.jpg 800w\" sizes=\"(max-width: 1120px) 100vw, 1120px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q_How_can_the_TDS_be_deposited\"><\/span><span style=\"color: #000080;\"><strong style=\"font-size: 16px;\">Q.: <\/strong><strong>How can the TDS be deposited?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A corporate assessee and other business assessees are required to pay taxes (including TDS) via internet or debit cards electronically. The deductor must fill in the Challan No. ITNS 281 to deposit the tax.<\/p>\n<p>Other deductors may deposit the tax so deducted in any branch of the Reserve Bank of India, the State Bank of India, or any authorised bank.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q_When_is_the_deadline_for_submitting_TDS\"><\/span><span style=\"color: #000080;\"><strong style=\"font-size: 16px;\">Q.: W<\/strong><strong style=\"font-size: 16px;\">hen is the deadline for submitting TDS?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Taxes deducted during the month must be deposited on or before the due date the following dates.<\/p>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td width=\"17%\"><span style=\"color: #000080;\"><strong>Type of Deductor<\/strong><\/span><\/td>\n<td width=\"22%\"><span style=\"color: #000080;\"><strong>Mode of payment of TDS<\/strong><\/span><\/td>\n<td width=\"58%\"><span style=\"color: #000080;\"><strong>Due Date for deposit of TDS<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" width=\"17%\">&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Office of Government<\/td>\n<td width=\"22%\">Without Income-tax Challan<\/td>\n<td width=\"58%\">&nbsp;<\/p>\n<p>On the same day on which tax is deducted<\/td>\n<\/tr>\n<tr>\n<td width=\"22%\">With Income-tax Challan ITNS 281<\/td>\n<td width=\"58%\">Within 7 days from the end of the month in which tax is deducted<\/td>\n<\/tr>\n<tr>\n<td width=\"17%\">Other Deductor<\/td>\n<td width=\"22%\">With Income-tax Challan ITNS 281<\/td>\n<td width=\"58%\">\n<table>\n<tbody>\n<tr>\n<td>\u00b7\u00a0\u00a0 For April-February Month: Within 7 days from the end of the month in which tax is deducted<\/td>\n<\/tr>\n<tr>\n<td>\u00b7\u00a0\u00a0 For March Month: On or before April 30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Q_What_are_the_ramifications_of_failing_to_deduct_or_pay_TDS\"><\/span><span style=\"color: #000080;\"><strong style=\"font-size: 16px;\">Q.: W<\/strong><strong style=\"font-size: 16px;\">hat are the ramifications of failing to deduct or pay TDS?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If any person who is responsible for deducting tax at source fails to deduct the whole or any part of the tax or fails to deposit the same to the credit of the Central government after deduction, he is considered to be an assessee-in-default.<\/p>\n<p>If the deductor does not deduct tax at source, the deductor is liable for paying an amount of tax he failed to deduct at an interest rate of 1% for each month or part thereof. In the event that the tax deducted is not deposited at the origin, however, the applicant will be liable to pay interest of 1,5% on or part of the tax that he did not deposit with the central government loan for each month.<\/p>\n<p>Apart from this in accordance with Article 40(a)(ia) of the law, the taxable income of the buyer will not be paid for at least 30 percent of the purchasing value that was responsible for TDS.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q_If_the_buyer_pays_tax_due_on_the_income_reported_in_the_return_of_income_is_the_seller_considered_as_the_assessee_in_default\"><\/span><span style=\"color: #000080;\"><strong style=\"font-size: 16px;\">Q.: <\/strong><strong>If the buyer pays tax due on the income reported in the return of income, is the seller considered as the assessee in default?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to Section 201 of the Income-tax Act, a deductor who fails to deduct tax at source is not considered in default if the payee has taken such amount into account when computing income in the return and has paid the tax due on such disclosed income. A certificate is to be obtained in Form No. 26A and submitted electronically by the deductor from the chartered accountable.<\/p>\n<p>Thus, the buyer is not considered an assessee-in-default if the seller has taken the purchase amount into account when calculating his income and has paid the tax due on the income declared in the return.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q_What_is_the_deadline_for_submitting_a_TDS_return\"><\/span><span style=\"color: #000080;\"><strong style=\"font-size: 16px;\">Q.: <\/strong><strong style=\"font-size: 16px;\">What is the deadline for submitting a TDS return?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The tax deducted at source statement required by this provision must be filed with the Income-tax Department on or before the following due date:<\/p>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td width=\"24%\"><span style=\"color: #000080;\"><strong>Quarter<\/strong><\/span><\/td>\n<td width=\"74%\"><span style=\"color: #000080;\"><strong>Due Date<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"24%\">April- June<\/td>\n<td width=\"74%\">31<sup>st<\/sup>\u00a0July of the Financial Year<\/td>\n<\/tr>\n<tr>\n<td width=\"24%\">July- September<\/td>\n<td width=\"74%\">31<sup>st<\/sup>\u00a0October of the Financial Year<\/td>\n<\/tr>\n<tr>\n<td width=\"24%\">October- December<\/td>\n<td width=\"74%\">31<sup>st<\/sup>\u00a0January of the Financial Year<\/td>\n<\/tr>\n<tr>\n<td width=\"24%\">January- March<\/td>\n<td width=\"74%\">31<sup>st<\/sup>\u00a0May of the financial year immediately following the financial year in which deduction is made<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>If you fail to file your TDS return on time, you will be charged a late filing fee under Section 234E. The price for failing to provide the TDS\/TCS Statement would be charged at the rate of Rs. 200 per day that the failure continues. The amount of the fee, however, must not exceed the total amount deductible or collectible, as applicable. The cost must be paid before the late TDS\/TCS Statement may be submitted.<\/p>\n<p>A person who fails to file the TDS return or fails to file it by the required date is subject to a penalty under Section 271H. If you provide inaccurate information on your TDS return, you will face a penalty under Section 271H. The minimum penalty for failing to file a TDS return or providing inaccurate information is Rs. 10,000, with a maximum penalty of Rs. 100,000.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q_What_are_the_ramifications_of_being_an_assessee_in_default_under_the_Income_Tax_Act_of_1961\"><\/span><span style=\"color: #000080;\"><strong style=\"font-size: 16px;\">Q.: W<\/strong><strong style=\"font-size: 16px;\">hat are the ramifications of being an assessee in default under the Income Tax Act of 1961?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The following are the consequences of being an assessee in default:<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Interest_levied_under_Section_220\"><\/span><span style=\"color: #800080;\"><strong><em>Interest levied under Section 220.<\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>Simple interest at the rate of one percent per month is payable on any amount not paid within the time period specified in the notice under Section 156.<\/p>\n<p>Furthermore, this interest can only be levied until the Purchaser of the Goods files the ROI. However, if all three of the following requirements are met, the Principle Chief Commissioner \/ Chief Commissioner \/ Principle Commissioner\/Commissioner might lower the interest:<\/p>\n<ul>\n<li>Payment of such sum has\/would cause actual hardship to the assessee.<\/li>\n<li>The assessee&#8217;s default was caused by circumstances beyond his or her control.<\/li>\n<li>Assessee has cooperated in the assessment\/recovery procedures investigation.<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Section_221_imposes_a_penalty\"><\/span><span style=\"color: #800080;\"><strong><em>Section 221 imposes a penalty.<\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>The Assessing Officer may order the payment of a penalty, which can be any sum up to the amount owed in tax arrears. If the AO is satisfied that the default was for good and sufficient reasons, he or she may refuse to direct the penalty.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Sections_222_227_229_and_232_govern_recovery_proceedings\"><\/span><span style=\"color: #800080;\"><strong><em>Sections 222, 227, 229, and 232 govern recovery proceedings.<\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>Apart from penalties, recovery proceedings must be initiated against the assessee\/person responsible under the Act&#8217;s sections 222 (Certificate to Tax Recovery Officer), 227 (Recovery through State Government), 229 (Recovery of penalties, fines, interest, and other sums), or 232 (Recovery by suit or under other law not affected).<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Proceedings_for_Prosecution\"><\/span><span style=\"color: #800080;\"><strong><em>Proceedings for Prosecution.<\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>Depending on the nature and severity of the default, the repercussions may include prosecution under Chapter XXII of the Income Tax Act of 1961 sections 276BB and 276C. If a person fails to pay the tax collected to the credit of the Central Government, he shall be punished by rigorous imprisonment for a time of not less than three months but not more than seven years, as well as a fine (Section 276BB).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reduction_in_TDS_rates_wef_October_1_2024\"><\/span><a href=\"https:\/\/carajput.com\/archives\/tds-rate-nature-of-transaction-threshold-limit-applicability-to.pdf\"><span style=\"color: #000080;\">Reduction in TDS rates w.e.f October 1, 2024<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7910\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS.jpg\" alt=\"Reduction in TDS rates\" width=\"976\" height=\"1280\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS.jpg 976w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-229x300.jpg 229w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-781x1024.jpg 781w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-768x1007.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-800x1049.jpg 800w\" sizes=\"(max-width: 976px) 100vw, 976px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"TDS_Rate_chart_for_FY_2024-25\"><\/span><a href=\"https:\/\/carajput.com\/archives\/tds-rate-chart-for-fy-2024-25-1.pdf\"><span style=\"color: #000080;\"><strong>TDS Rate chart for FY 2024-25<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"TCS_Rate_Chart_for_FY_2024-25\"><\/span><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/archives\/tcs-rate-chart-for-fy-2024-25.pdf\">TCS Rate Chart for FY 2024-25<\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-9955\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.-.jpeg\" alt=\"TDS Rate Chart \u2013 FY 2025-26 (AY 2026-27).\" width=\"1170\" height=\"1546\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.-.jpeg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.--227x300.jpeg 227w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.--775x1024.jpeg 775w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.--768x1015.jpeg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.--800x1057.jpeg 800w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Practical_on_TDS_Provisions_in_India\"><\/span><span style=\"color: #000080;\"><strong>A Practical on <\/strong><\/span><span style=\"color: #000080;\"><strong>TDS Provisions in India<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div>\n<p>Most TDS mistakes are not rate-related , they arise from wrong section selection during transaction design or voucher classification.\u00a0 Below is a structured, quick-reference chart grouping TDS sections by <em>nature of payment<\/em> to make compliance easier during vendor onboarding, audits, and month-end closing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Salary_Investment_Income\"><\/span><span style=\"color: #000080;\"><strong>Salary &amp; Investment Income<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"___i31lg00 f10pi13n f14t3ns0 f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___1hm93bs f1ddd56o f16vktn6 f1enuhaj fdclmfp f1ev3kgc ftgm304 f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f1s2k7dp f8fmt76 fjvbh62 fysh76l fic4ptz f1yenhzu f1yn6nvh f14tj6oe f1jq587y f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f70r78m f4zgifc fk1v6el f16pyhcb fo436u6 fzy4j18 fc43013 f1hmrcvb fc4t9fq fgp09rh fjnyn6r\" style=\"height: 242px;\" width=\"1088\">\n<tbody>\n<tr>\n<th><strong>Section<\/strong><\/th>\n<th><strong>Nature of Payment<\/strong><\/th>\n<th><strong>TDS Rate<\/strong><\/th>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>192<\/strong><\/th>\n<td>Salary<\/td>\n<td>As per slab rates<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>192A<\/strong><\/th>\n<td>Premature PF withdrawal<\/td>\n<td><strong>10%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>193<\/strong><\/th>\n<td>Interest on securities<\/td>\n<td><strong>10%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194<\/strong><\/th>\n<td>Dividend income<\/td>\n<td><strong>10%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"Interest_Winnings_Insurance_Payouts\"><\/span><span style=\"color: #000080;\"><strong>Interest, Winnings &amp; Insurance Payouts<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"___i31lg00 f10pi13n f14t3ns0 f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___1hm93bs f1ddd56o f16vktn6 f1enuhaj fdclmfp f1ev3kgc ftgm304 f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f1s2k7dp f8fmt76 fjvbh62 fysh76l fic4ptz f1yenhzu f1yn6nvh f14tj6oe f1jq587y f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f70r78m f4zgifc fk1v6el f16pyhcb fo436u6 fzy4j18 fc43013 f1hmrcvb fc4t9fq fgp09rh fjnyn6r\" style=\"height: 198px;\" width=\"1077\">\n<tbody>\n<tr>\n<th><strong>Section<\/strong><\/th>\n<th><strong>Nature of Payment<\/strong><\/th>\n<th><strong>TDS Rate<\/strong><\/th>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194A<\/strong><\/th>\n<td>Interest (bank deposits, loans, FDs)<\/td>\n<td><strong>10%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194B<\/strong><\/th>\n<td>Lottery\/game winnings<\/td>\n<td><strong>30%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194BB<\/strong><\/th>\n<td>Horse race winnings<\/td>\n<td><strong>30%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194DA<\/strong><\/th>\n<td>Life insurance maturity payout<\/td>\n<td><strong>5%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"Business_Professional_Payments\"><\/span><span style=\"color: #000080;\"><strong>Business &amp; Professional Payments<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"___i31lg00 f10pi13n f14t3ns0 f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___1hm93bs f1ddd56o f16vktn6 f1enuhaj fdclmfp f1ev3kgc ftgm304 f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f1s2k7dp f8fmt76 fjvbh62 fysh76l fic4ptz f1yenhzu f1yn6nvh f14tj6oe f1jq587y f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f70r78m f4zgifc fk1v6el f16pyhcb fo436u6 fzy4j18 fc43013 f1hmrcvb fc4t9fq fgp09rh fjnyn6r\" style=\"height: 214px;\" width=\"1091\">\n<tbody>\n<tr>\n<th><strong>Section<\/strong><\/th>\n<th><strong>Nature of Payment<\/strong><\/th>\n<th><strong>TDS Rate<\/strong><\/th>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194C<\/strong><\/th>\n<td>Contractors<\/td>\n<td><strong>1% (Individual\/HUF)<\/strong><br \/>\n<strong>2% (Others)<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194J<\/strong><\/th>\n<td>Professional services<\/td>\n<td><strong>10%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194J \u2013 Technical\/royalty (FTS)<\/strong><\/th>\n<td>Technical services<\/td>\n<td><strong>2%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194H<\/strong><\/th>\n<td>Commission \/ brokerage<\/td>\n<td><strong>5%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"Rent_Property_Transactions\"><\/span><span style=\"color: #000080;\"><strong>Rent &amp; Property Transactions<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"___i31lg00 f10pi13n f14t3ns0 f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___1hm93bs f1ddd56o f16vktn6 f1enuhaj fdclmfp f1ev3kgc ftgm304 f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f1s2k7dp f8fmt76 fjvbh62 fysh76l fic4ptz f1yenhzu f1yn6nvh f14tj6oe f1jq587y f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f70r78m f4zgifc fk1v6el f16pyhcb fo436u6 fzy4j18 fc43013 f1hmrcvb fc4t9fq fgp09rh fjnyn6r\" style=\"height: 223px;\" width=\"1070\">\n<tbody>\n<tr>\n<th><strong>Section<\/strong><\/th>\n<th><strong>Nature of Payment<\/strong><\/th>\n<th><strong>TDS Rate<\/strong><\/th>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194I<\/strong><\/th>\n<td>Rent \u2013 Plant &amp; machinery<\/td>\n<td><strong>2%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194I<\/strong><\/th>\n<td>Rent \u2013 Land, building, furniture<\/td>\n<td><strong>10%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194IA<\/strong><\/th>\n<td>Purchase of immovable property<\/td>\n<td><strong>1%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194IB<\/strong><\/th>\n<td>Rent paid by Individual\/HUF (not covered under 44AB)<\/td>\n<td><strong>5%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"Purchase_Transactions_Cash_Withdrawals_Digital_Economy\"><\/span><span style=\"color: #000080;\"><strong>Purchase Transactions, Cash Withdrawals &amp; Digital Economy<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"___i31lg00 f10pi13n f14t3ns0 f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___1hm93bs f1ddd56o f16vktn6 f1enuhaj fdclmfp f1ev3kgc ftgm304 f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f1s2k7dp f8fmt76 fjvbh62 fysh76l fic4ptz f1yenhzu f1yn6nvh f14tj6oe f1jq587y f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f70r78m f4zgifc fk1v6el f16pyhcb fo436u6 fzy4j18 fc43013 f1hmrcvb fc4t9fq fgp09rh fjnyn6r\" style=\"height: 233px;\" width=\"1079\">\n<tbody>\n<tr>\n<th><strong>Section<\/strong><\/th>\n<th><strong>Nature of Payment<\/strong><\/th>\n<th><strong>TDS Rate<\/strong><\/th>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194Q<\/strong><\/th>\n<td>Purchase of goods &gt; \u20b950 lakh<\/td>\n<td><strong>0.1%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194O<\/strong><\/th>\n<td>E\u2011commerce transactions<\/td>\n<td><strong>1%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194N<\/strong><\/th>\n<td>Cash withdrawals &gt; limits<\/td>\n<td><strong>2% \/ 5%<\/strong><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>194S<\/strong><\/th>\n<td>Virtual digital assets \/ crypto<\/td>\n<td><strong>1%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"Key_Compliance_Rules_Every_Team_Must_Track\"><\/span><span style=\"color: #000080;\"><strong>Key Compliance Rules Every Team Must Track<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Section 206AA \u2013 No PAN : TDS deducted at 20%, or higher prescribed rate, whichever is higher.<\/li>\n<li>Under Section 206AB Specified Non-Filers (SNFs) : Higher TDS for persons who have not filed returns for the last 2 years and exceed INR 50,000 TDS threshold.<\/li>\n<li>Nil \/ Lower Deduction Options : Form 15G \/ 15H &amp; Section 197 Certificate<span style=\"font-size: 16px;\"> (lower\/NIL TDS order)<\/span><\/li>\n<li>Correct TDS compliance depends on identifying the correct TDS section at the transaction-design stage not\u00a0during payment posting. Using proper vendor classification to avoid defaults\u00a0 &amp; Reviewing thresholds, exceptions, and PAN\/ITR status<\/li>\n<li>This reference is particularly useful for Month-end TDS review teams, Vendor onboarding &amp; procurement, Internal audit and IFC reviews &amp; Tax compliance monitoring<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tax Deducted at Source (TDS) RATE CHART for the FY 2024-25 Q.: How can the TDS be deposited? A corporate assessee and other business assessees are required to pay taxes (including TDS) via internet or debit cards electronically. The deductor must fill in the Challan No. ITNS 281 to deposit the tax. Other deductors may &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[100],"tags":[1070],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/7167"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=7167"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/7167\/revisions"}],"predecessor-version":[{"id":8985,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/7167\/revisions\/8985"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=7167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=7167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=7167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}