{"id":8489,"date":"2025-01-25T19:17:06","date_gmt":"2025-01-25T19:17:06","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=8489"},"modified":"2025-03-26T18:59:13","modified_gmt":"2025-03-26T18:59:13","slug":"tds-rates-chart-for-the-fy-2024-25","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/tds-rates-chart-for-the-fy-2024-25\/","title":{"rendered":"TDS Rates Chart for the FY 2024-25"},"content":{"rendered":"

\"TDS\/TCS<\/h2>\n

TDS Rates Chart for the financial year 2024-25<\/strong><\/span><\/h2>\n

\"TDS\/TCS<\/p>\n

This is the TDS (Tax Deducted at Source) Rates Chart for the financial year 2024-25. Here’s a quick breakdown of the rates and thresholds for various sections:<\/p>\n

    \n
  • Section 192: Payment of Salary – Based on slab rates; Threshold is the basic exemption limit.<\/li>\n
  • Section 193: Interest on securities – TDS at 10%, with a threshold of \u20b910,000.<\/li>\n
  • Section 194: Payment of Dividends – TDS at 10%, threshold \u20b95,000.<\/li>\n
  • Section 194A: Interest (non-securities) – TDS at 10%, threshold \u20b940,000 for banks\/co-operative societies.<\/li>\n
  • Section 194B: Lottery winnings – TDS at 30%, threshold \u20b910,000.<\/li>\n
  • Section 194BA: Income from Online Gaming – TDS at 30%, no threshold.<\/li>\n
  • Section 194BB: Horse Race Winnings – TDS at 30%, threshold \u20b910,000.<\/li>\n
  • Section 194C: Contractor\/Subcontractor payments:\n
      \n
    • Individual\/HUF: TDS at 1%, threshold \u20b930,000 (single transaction) or \u20b91,00,000 (annual).<\/li>\n
    • Others: TDS at 2%.<\/li>\n<\/ul>\n<\/li>\n
    • Section 194D: Insurance Commission:\n
        \n
      • Domestic Companies: TDS at 10%, threshold \u20b915,000.<\/li>\n
      • Others: TDS at 5%.<\/li>\n<\/ul>\n<\/li>\n
      • Section 194G: Commission on sale of lottery tickets – TDS at 2%, threshold \u20b915,000.<\/li>\n
      • Section 194H: Commission\/Brokerage – TDS at 2%, threshold \u20b915,000.<\/li>\n
      • Section 194I: Rent:\n
          \n
        • Plant or Machinery: TDS at 2%, threshold \u20b92,40,000.<\/li>\n
        • Land, building, furniture: TDS at 10%, threshold \u20b92,40,000.<\/li>\n<\/ul>\n<\/li>\n
        • Section 194J: Professional Services, Director Remuneration, Technical Services:\n
            \n
          • TDS at 10%, threshold \u20b930,000.<\/li>\n
          • For technical services, royalty, call centers: TDS at 2%, threshold \u20b930,000.<\/li>\n<\/ul>\n<\/li>\n
          • Section 194K: Income from mutual fund units – TDS at 10%, no threshold.<\/li>\n<\/ul>\n

            Rationalization of TDS\/TCS Provisions: New Updated TDS Rates Chart\u00a0<\/strong><\/span><\/h2>\n

            \"ationalization<\/p>\n

            Summarizing the rationalization of TDS\/TCS provisions with increased threshold limits for various provisions under the Income Tax Act.\u00a0It may Impact of changes, like Reduces compliance burden by increasing TDS\/TCS thresholds.\u00a0<\/span>Beneficial for taxpayers, particularly those earning interest, commission, and professional fees. <\/span>Supports education abroad by removing TCS on certain education-related transactions. <\/span>Key Changes in TDS\/TCS Thresholds<\/p>\n

              \n
            • \n

              Section 194A (Interest other than Interest on Securities)<\/p>\n

                \n
              • Increased from INR 50,000 to INR 1,00,000 for senior citizens.<\/li>\n
              • Increased from INR 40,000 to INR 50,000 for banks, cooperative societies, and post offices.<\/li>\n
              • Increased from INR 5,000 to INR 10,000 for others.<\/li>\n<\/ul>\n<\/li>\n
              • \n

                Section 194-I (Rent): Changed from INR 2,40,000 per year to INR 50,000 per month or part thereof.<\/p>\n<\/li>\n

              • \n

                Section 193 (Interest on Securities): Threshold introduced at INR 10,000 (earlier Nil).<\/p>\n<\/li>\n

              • \n

                Section 194 (Dividend for Individual Shareholder): Increased from INR 5,000 to INR 10,000.<\/p>\n<\/li>\n

              • \n

                Section 194K (Income from Mutual Funds\/Specified Companies): Increased from INR 5,000 to INR 10,000.<\/p>\n<\/li>\n

              • \n

                Section 194D (Insurance Commission): Increased from INR 15,000 to INR 20,000.<\/p>\n<\/li>\n

              • \n

                Section 194G (Lottery Commission and Prizes): Increased from INR 15,000 to INR 20,000.<\/p>\n<\/li>\n

              • \n

                Section 194H (Brokerage\/Commission): increased from\u00a0\u20b915,000 to \u20b920,000.<\/p>\n<\/li>\n

              • \n

                Section 194J (Professional or Technical Fees): Increased from INR 30,000 to INR 50,000.<\/p>\n<\/li>\n

              • \n

                Section 194LA (Enhanced Compensation for Land Acquisition): Increased\u00a0from INR 2,50,000 to INR 5,00,000.<\/p>\n<\/li>\n<\/ul>\n

                  \n
                • Section 206C(1G) (LRS Remittance & Tour Packages): Increased\u00a0from INR 7,00,000 to INR 10,00,000.<\/li>\n
                • Additional Relief for Education Remittances like No TCS on education-related remittances where the amount is taken as a loan from a specified financial institution.<\/li>\n<\/ul>\n

                  \"TDS<\/h2>\n","protected":false},"excerpt":{"rendered":"

                  TDS Rates Chart for the financial year 2024-25 This is the TDS (Tax Deducted at Source) Rates Chart for the financial year 2024-25. Here’s a quick breakdown of the rates and thresholds for various sections: Section 192: Payment of Salary – Based on slab rates; Threshold is the basic exemption limit. Section 193: Interest on …<\/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":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8489"}],"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=8489"}],"version-history":[{"count":4,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8489\/revisions"}],"predecessor-version":[{"id":8865,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8489\/revisions\/8865"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=8489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=8489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=8489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}