Section and Nature of Payment | Payer | Applicable Rate |
Section 192, Salary | Salaried individual | Applicable Income Tax slab |
Section 192A, Premature withdrawal of EPF | Individual | 10% of the total sum |
Section 193, Interest amount on securities | Individual | 10% |
Section 194, Dividends | Domestic companies | 10% |
Section 194A, Interest on assets & securities | Individuals except for taxpayers and HUF liable for audit | 10% |
Section 194B, Applicable on money earned through any competition or lottery | Individual | 30% |
Section 194BB, Prize amount on winning horse race | Any individual | 30% |
Section 194C, Contractors | Individuals except for taxpayers and HUF liable for audit | 1% for individuals and HUF, 2% for other taxpayers |
Section 194D, Insurance commission | Insurance aggregator | 5% for individuals and HUF and 10% for other agents |
Section 194DA, Life insurance policy | Individual | 1% |
Section 194E, Payments to a non-residential sportsperson | Individual | 20% |
Section 194EE, Deposit under NSS | Individual | 10% |
Section 194G, Commission from the sale of lottery ticket | Individual | 5% |
Section 194H, TDS on commission or brokerage earned | Individuals except for taxpayers and HUF liable for audit | 5% |
Section 194I, TDS on rent | Individuals except for taxpayers and HUF liable for audit | 2% |
Section 194IA, TDS on funds earned for transfer of immovable assets (except agricultural land) | Individual | 1% |
Section 194IB, Rent by individuals & HUF | Individuals except for taxpayers and HUF liable for audit | 5% |
Section 194IC, Payment on agreement | Individual | 10% |
Section 194J, Professional or technical services | Individuals except for taxpayers and HUF liable for audit | 10% |
Section 194LA, Compensation for acquisition of an immovable asset | Individual | 10% |
Section 194LB, Income from infrastructure debt fund interest | Infrastructure debt funds | 5% |
Section 194LBA, Income from units of a business trust | Business trusts | 10% for resident individuals and 5% for NRI |
Section 194LBB, Income from units of investment funds | Investment funds | 10% for residents |
Section 194 LBC, TDS on income earned from investments of securitization trusts | Securitization trusts | 25% for individuals and HUF and 30% for investor |
Section 194LC, Income from an Indian company | Indian companies and business trusts | 5% |
Section 194LD, TDS on income earned from certain Government security and bond’s interest | Individual | 5% |
Section 195, Payment to a non-organizational entity or foreign company | Individual | As specified by DTAA or Income Tax Act |
