TDS rates for the FY 2018-19 for both Resident and Non Resident Persons


TDS rates for the FY 2018-19 for both Resident and Non Resident Persons
Tax is deductible at source at the rates given in table (infra). If PAN of the deductee is not intimated to the deductor, tax will be deducted at source by virtue of?section 206AA?either at the rate given in the table or at the rate or rates in force or at the rate of 20 per cent, whichever is higher. Further, under?section 94A(5), if payment or credit is made or given to a deductee who is located in a notified jurisdictional area, tax is deductible at the rate given in the table or at the rate of 30 per cent, whichever is higher.
TDS rates for the financial year 2018-19 are as follows?

TDS rates for the FY 2018-19 for both Resident and Non Resident Persons

CATEGORY A -WHEN RECIPIENT IS RESIDENT

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Nature of payment TDS (SC :?Nil, EC :?Nil, SHEC :?Nil)
Sec 192?-?Payment of salary Normal Tax Rate plus surcharge and education cess Surcharge: 10% (if total income exceeds Rs. 50 lakh but doesn?t exceed Rs. 1 crore), 15% (if total income exceeds Rs. 1 crore) HEC : 4%
Sec 192A?-?Payment of taxable accumulated balance of provident fund 10
Sec 193?- Interest on securities?
a.??interest on
(a) debentures/securities for money issued by or on behalf of any local authority/statutory corporation,
(b) listed debentures of a company [not being listed securities in demat form],
(c) any security of the Central or State Government [i.e.,?8% Savings (taxable) Bonds, 2003 or 7.75% savings (Taxable) Bonds, 2018, but not any other Government security]
10
b.??any other interest on securities (including interest on non-listed debentures) 10
Sec. 194?- Dividend?
a.??deemed dividend under?section 2(22)(e) Nil
b.??any other dividend Nil
Sec. 194A?- Interest other than interest on securities 10
Sec. 194B?- Winnings from lottery or crossword puzzle or card game or other game of any sort 30
Sec. 194BB?- Winnings from horse races 30
Sec. 194C?- Payment or credit to a resident contractor/sub-contractor?
a.??payment/credit to an individual or a Hindu undivided family 1
b.??payment/credit to any person other than an individual or a Hindu undivided family 2
Sec. 194D?- Insurance commission 10
if recipient is a resident (other than a company) 5
if recipient is a domestic company 10
Sec. 194DA?- Payment in respect of life insurance policy 1
Sec. 194EE?- Payment in respect of deposits under National Savings Scheme, 1987 10
Sec. 194F?- Payment on account of repurchase of units of MF or UTI 20
Sec. 194G?- Commission on sale of lottery tickets 5
Sec. 194H?- Commission or brokerage 5
Sec. 194-I?- Rent?
a.??rent of plant and machinery 2
b.??rent of land or building or furniture or fitting 10
Sec. 194-IA: Payment/credit of consideration to a resident transferor for transfer of any immovable property (other than rural agricultural land) 1
Sec. 194-IB:?Payment of rent by an individual or HUF not subjected to tax audit under?Section 44AB 5
Sec. 194-IC:?Payment under Joint Development Agreement to a resident individual or HUF who transfers land or building as per such agreement 10
Sec. 194J?- Professional fees, technical fees, royalty or remuneration to a director?
Note: 2% if payee is engaged in the business of operation of call center
10
Sec. 194LA?- Payment of compensation on acquisition of certain immovable property 10
Sec. 194LBA(1)?- Payment of the nature referred to in?section 10(23FC)?orsection 10(23FC)(a)?or?section 10(23FCA)?by business trust to resident unit holders 10
Sec. 194LBB?- Payment in respect of units of investment fund specified insection 115UB 10
Sec. 194LBC(1)?- Payment in respect of an investment in a securitisation trust specified in clause (d) of the Explanation occurring after?section 115TCA?(with effect from June 1, 2016)
if recipient is an individual or a Hindu undivided family 25
if recipient is any other person 30

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CATEGORY B -?WHEN RECIPIENT IS NON-RESIDENT OR FOREIGN COMPANY

If recipient is non-resident Individual/HUF/AOP/BOI/Artificial juridical person
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Aggregate payment or credit?subject to TDS during the?financial year 2018-19 Rs.50 lakh or less More than Rs. 50 lakh but not more than Rs. 1 crore More than Rs. 1 crore
Nature of payment TDS (inclusive of SC:??Nil, Health & Education cess: 4%) TDS (inclusive of SC:??10%, Health & Education cess: 4%) TDS (inclusive of SC:??15%, Health & Education cess: 4%)
Sec. 192?-?Payment of salary Normal Tax Rate Normal Tax Rate? plus SC, EC and SHEC Normal Tax Rate? plus SC, EC and SHEC
Sec. 192A– Payment of taxable accumulated balance of provident fund 10.4 11.44 11.96
Sec. 194B?- Winnings from lottery or crossword puzzle or card game or other game of any sort 31.2 34.32 35.88
Sec. 194BB?- Winnings from horse races 31.2 34.32 35.88
Sec. 194E?-?Payment to a non-resident foreign citizen sportsman/entertainer or non-resident sports association 20.8 22.88 23.92
Sec. 194EE?- Payment in respect of deposits under National Saving Scheme, 1987 10.4 11.44 11.96
Sec. 194F?- Re-purchase of units of MF or UTI 20.8 22.88 23.92
Sec. 194G?- Commission on sale of lottery tickets 5.2 5.72 5.98
Sec. 194LB?- Payment/credit by way of interest by infrastructure debt fund 5.2 5.72 5.98
Sec. 194LBA(2)?- Payment of the nature referred to in??Section 10(23FC)?[or (with effect from June 1, 2016)?section 10(23FC(a)] by business trust to unit holders 5.2 5.72 5.98
Sec. 194LBA(3)?- Payment of the nature referred to? in?section 10(23FCA)?by business trust to unit holders 31.2 34.32 35.88
Sec. 194LBB?- Payment in respect of units of investment fund specified in?Sec. 115UB?????????????? 31.2 34.32 35.88
Sec. 194LBC(2)?- Payment in respect of an investment in a securitisation trust specified in clause (d) of the?Explanation occurring after section 115TCA?(with effect from June 1, 2016) 31.2 34.32 35.88
Sec. 194LC?- Payment/credit of interest by an Indian specified company on foreign currency approved loan/long-term infrastructure bonds (with effect from October 1, 2014, any bond) from outside India 5.2 5.72 5.98
Sec. 194LD?- Interest on a rupee denominated bond of an Indian company or Government security (from June 1, 2013) 5.2 5.72 5.98
Sec. 195?- Payment/credit of other sum to a non-resident ?
a.?income of foreign exchange assets payable to an Indian citizen 20.8 22.88 23.92
b.?income by way of long-term capital gains referred to in?section 115E?or??section 112(1)(c)(iii) 10.4 11.44 11.96
c.?income by way of long-term capital gains referred to in?section 112A 10.4 11.44 11.96
d.?short-term capital gains under??Sec. 111A 15.6 17.16 17.94
e.?any other long-term capital gains [not being covered by??Section 10(33),??10(36)?and?112A] 20.8 22.88 23.92
f.?income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency (not being interest referred to in?Sec. 194LB?or?Sec. 194LC? 20.8 22.88 23.92
g.?royalty [see?Note 5] 10.4 11.44 11.96
h.?royalty [not being royalty of the nature referred to in (f)?supra] [see?Note 6] ?
where the agreement is made after March 31, 1961 but before April 1, 1976 10.4 11.44 11.96
where the agreement is made on or after April 1, 1976 10.4 11.44 11.96
i.?fees for technical services [see?Note 7] ?
where the agreement is made after February 29, 1964 but before April 1, 1976 10.4 11.44 11.96
where the agreement is made on or after April 1, 1976 10.4 11.44 11.96
j.?any other income 31.2 34.32 35.88
Sec. 196B?- Payment/credit of income from units (including long-term capital gains on transfer of such units) to an offshore fund 10.4 11.44 11.96
Sec. 196C?- Payment/credit of interest of foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend referred to in??sectgion 115-O) 10.4 11.44 11.96
Sec. 196D?- Payment/credit of income from securities (not being dividend, short-term or long-term capital gain) to Foreign Institutional Investors 20.8 22.88 23.92

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If recipient is non-resident co-operative society/ firm
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Aggregate payment or credit?subject to TDS during the?financial year 2018-19 Rs. 1 crore or less More than Rs. 1 crore
Nature of payment TDS (inclusive of SC:?Nil, Health & Education cess: 4%) TDS (inclusive of SC: 12%, Health & Education cess: 4%)
Sec. 192?-?Payment of salary ? ?
Sec. 192A– Payment of taxable accumulated balance of provident fund
Sec. 194B?- Winnings from lottery or crossword puzzle or card game or other game of any sort 31.2 34.944
Sec. 194BB?- Winnings from horse races 31.2 34.944
Sec. 194E?-?Payment to a non-resident foreign citizen sportsman/entertainer or non-resident sports association 20.8 23.296
Sec. 194EE?- Payment in respect of deposits under National Saving Scheme, 1987 NA NA
Sec. 194F?- Re-purchase of units of MF or UTI NA NA
Sec. 194G?- Commission on sale of lottery tickets 5.2 5.824
Sec. 194LB?- Payment/credit by way of interest by infrastructure debt fund 5.2 5.824
Sec. 194LBA(2)?- Payment of the nature referred to in??Section 10(23FC)?[or (with effect from June 1, 2016)?section 10(23FC(a)]by business trust to unit holders 5.2 5.824
Sec. 194LBA(3)?- Payment of the nature referred to? in?section 10(23FCA)?by business trust to unit holders 31.2 34.944
Sec. 194LBB?- Payment in respect of units of investment fund specified in?Sec. 115UB?????????????? 31.2 34.944
Sec. 194LBC(2)?- Payment in respect of an investment in a securitisation trust specified in clause (d) of the?Explanationoccurring after section 115TCA?(with effect from June 1, 2016) 31.2 34.944
Sec. 194LC?- Payment/credit of interest by an Indian specified company on foreign currency approved loan/long-term infrastructure bonds (with effect from October 1, 2014, any bond) from outside India 5.2 5.824
Sec. 194LD?- Interest on a rupee denominated bond of an Indian company or Government security (from June 1, 2013) 5.2 5.824
Sec. 195?- Payment/credit of other sum to a non-resident ?
a.?income of foreign exchange assets payable to an Indian citizen NA NA
b.?income by way of long-term capital gains referred to in?section 115E?or??section 112(1)(c)(iii) 10.4 11.648
c.?income by way of long-term capital gains referred to in?section 112A 10.4 11.648
d.?short-term capital gains under??Sec. 111A 15.6 17.472
e.?any other long-term capital gains [not being covered by??Section 10(33),??10(36)?and?112A] 20.8 23.296
f.?income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency (not being interest referred to in?Sec. 194LB?or?Sec. 194LC? 20.8 23.296
g.?royalty [see?Note 5] 10.4 11.648
h.?royalty [not being royalty of the nature referred to in (f)?supra] [see?Note 6] ?
?where the agreement is made after March 31, 1961 but before April 1, 1976 10.4 11.648
where the agreement is made on or after April 1, 1976 10.4 11.648
i.?fees for technical services [see?Note 7] ?
?where the agreement is made after February 29, 1964 but before April 1, 1976 10.4 11.648
?where the agreement is made on or after April 1, 1976 10.4 11.648
j.?any other income 31.2 34.944
Sec. 196B?- Payment/credit of income from units (including long-term capital gains on transfer of such units) to an offshore fund 10.4 11.648
Sec. 196C?- Payment/credit of interest of foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend referred to in??sectgion 115-O) 10.4 11.648
Sec. 196D?- Payment/credit of income from securities (not being dividend, short-term or long-term capital gain) to Foreign Institutional Investors 20.8 23.296

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If recipient is non-domestic company
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Aggregate payment or credit?subject to TDS during the?financial year 2018-19 Rs. 1 crore or less More than Rs. 1 crore but not more than Rs. 10 crore More than Rs. 10 crore
Nature of payment TDS (inclusive of SC:?Nil, Health & Education cess: 4%) TDS (inclusive of SC: 2%, Health & Education cess: 4%) TDS (inclusive of SC: 5%, Health & Education cess: 4%)
Sec. 192?-?Payment of salary ? ? ?
Sec. 192A– Payment of taxable accumulated balance of provident fund
Sec. 194B?- Winnings from lottery or crossword puzzle or card game or other game of any sort 31.2 31.824 32.76
Sec. 194BB?- Winnings from horse races 31.2 31.824 32.76
Sec. 194E?-?Payment to a non-resident foreign citizen sportsman/entertainer or non-resident sports association 20.8 21.216 21.84
Sec. 194EE?- Payment in respect of deposits under National Saving Scheme, 1987 NA NA NA
Sec. 194F?- Re-purchase of units of MF or UTI NA NA NA
Sec. 194G?- Commission on sale of lottery tickets 5.2 5.304 5.46
Sec. 194LB?- Payment/credit by way of interest by infrastructure debt fund 5.2 5.302 5.46
Sec. 194LBA(2)?- Payment of the nature referred to in??Section 10(23FC)?[or (with effect from June 1, 2016)?section 10(23FC(a)]by business trust to unit holders 5.2 5.304 5.46
Sec. 194LBA(3)?- Payment of the nature referred to? in?section 10(23FCA)?by business trust to unit holders 41.6 42.432 43.68
Sec. 194LBB?- Payment in respect of units of investment fund specified in?Sec. 115UB?????????????? 41.6 42.432 43.68
Sec. 194LBC(2)?- Payment in respect of an investment in a securitisation trust specified in clause (d) of the?Explanation occurring after section 115TCA?(with effect from June 1, 2016) 41.6 42.432 43.68
Sec. 194LC?- Payment/credit of interest by an Indian specified company on foreign currency approved loan/long-term infrastructure bonds (with effect from October 1, 2014, any bond) from outside India 5.2 5.304 5.46
Sec. 194LD?- Interest on a rupee denominated bond of an Indian company or Government security (from June 1, 2013) 5.2 5.304 5.46
Sec. 195?- Payment/credit of other sum to a non-resident ?
a.?income of foreign exchange assets payable to an Indian citizen NA NA NA
b.?income by way of long-term capital gains referred to in?section 115E?or??section 112(1)(c)(iii) 10.4 10.608 10.92
c.?income by way of long-term capital gains referred to in?section 112A 10.4 10.608 10.92
d.?short-term capital gains under??Sec. 111A 15.6 15.912 16.38
e.?any other long-term capital gains [not being covered by??Section 10(33),??10(36)?and?112A] 20.8 21.216 21.84
f.?income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency (not being interest referred to in?Sec. 194LB?or?Sec. 194LC? 20.8 21.216 21.84
g.?royalty [see?Note 5] 10.4 10.608 10.92
h.?royalty [not being royalty of the nature referred to in (f)?supra] [see?Note 6] ?
where the agreement is made after March 31, 1961 but before April 1, 1976 52 53.04 54.6
where the agreement is made on or after April 1, 1976 10.4 10.608 10.92
i.?fees for technical services [see?Note 7] ?
where the agreement is made after February 29, 1964 but before April 1, 1976 51.52 53.04 54.6
where the agreement is made on or after April 1, 1976 10.4 10.608 10.92
j.?any other income 41.6 42.432 43.68
Sec. 196B?- Payment/credit of income from units (including long-term capital gains on transfer of such units) to an offshore fund 10.4 10.608 10.92
Sec. 196C?- Payment/credit of interest of foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend referred to in??section 115-O) 10.4 10.608 10.92
Sec. 196D?- Payment/credit of income from securities (not being dividend, short-term or long-term capital gain) to Foreign Institutional Investors 20.8 21.216 21.84

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Notes?:
1.?Under?sections 192 tax is deductible from salary. The payer shall calculate salary taxable in the hands of recipient. The amount so determined is subject to tax deduction under?sections 192. Under?sections 192A, tax is deductible on taxable accumulated balance of provident fund. Under?section 195, tax is deductible only if income is taxable in the hands of recipient in India. In any other case, gross payment or credit (without GST, if GST is shown separately) is subject to tax deduction.
2.?In?Category B,?tax is deductible at the above rates or the rates specified in ADT agreements entered into by the Central Government under?section 90(whichever is lower) [?section 2(37A)(iii)].
3.?Tax is not deductible under?section 192A,?section 193,?194,?194A, with effect from 1/6/2017?194D,?194DA,?194-I, or?194EE?if the recipient makes a declaration in?Form No. 15G/15H?under the provisions of?section 197A.
4.?Under?section 197?the recipient can apply the Assessing Officer in?Form No. 13?to get a certificate of lower/no tax deduction. This benefit is, however, not available if tax is deductible under?section 192A,?section 194B,?194BB,?194E,?194EE,?194F,?194IA,?194LBA,?194LB,?194LC,?196B,?196C?or 196D.
5.?Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A)?to the Indian concern or in respect of computer software referred to in the second proviso to section 115A(1A), to a person resident in India.
6.?Not being royalty of the nature referred to above, payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy.
7.?Fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy.
Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information.?In no event shall I shall be liable for any direct, indirect, special or incidental damage resulting from, arising out of or in connection with the use of the information


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