TDS Rate Chart under Income Tax Act 2025 applicable from 01st April 2026 TDS Chart — Section 393, Income Tax Act 2025 Income Tax Act, 2025 · F.Y. 2026-27 TDS…
Insurance Commission Remuneration / reward for soliciting or procuring insurance business, including continuance, renewal or revival of policies
Any person
Rates in Force
₹ 20,000
1(ii)
Commission or Brokerage Other than insurance commission above
Specified person
2%
₹ 20,000
2(i)
Rent Any income by way of rent — payer is not a specified person
Person other than specified person
2%
₹ 50,000 / monthDeducted in last month of tax year / tenancy
2(ii)
Rent — Specified Person (a) Machinery / plant / equipment → 2%
(b) Land / building (incl. factory) / furniture / fittings → 10%
Specified person
2% (a) 10% (b)
₹ 50,000 / month
3(i)
Transfer of Immovable Property Other than agricultural land. Rate on higher of: (a) consideration paid or (b) stamp duty value
Any person (excluding 3(iii))
1%
₹ 50 LakhAggregate of amounts from all transferees
3(ii)
Consideration under § 67(14) Agreement Consideration (not in kind) under the specified agreement on immovable property
Any person
10%
NIL
3(iii)
Compulsory Acquisition — Compensation Compensation or enhanced compensation / consideration on compulsory acquisition of immovable property (not agricultural land) under any law
Any person
10%
₹ 5,00,000
4(i)
Income from Mutual Fund Units (a) MF (Sch. VII Sl. 20/21) (b) Units from Administrator of specified undertaking (c) Units from specified company
Any person
10%
₹ 10,000
4(ii)
Business Trust — Distributed Income Distributed income u/s 223 (nature of Sch. V Sl. 3 & 4) payable to unitholder of Business Trust (REIT / InvIT)
Any Business Trust
10%
NIL
4(iii)
Investment Fund Income — Unitholder Income (excluding exempt portion) in respect of units of an Investment Fund u/s 224
Investment Fund (§ 224)
10%
NIL
4(iv)
Securitisation Trust — Investor Income Income in respect of investment in Securitisation Trust u/s 221
Securitisation Trust (§ 221)
10%
NIL
5(i)
Interest on Securities Any income by way of interest on securities (bonds, debentures etc.)
Any person
Rates in Force
₹ 10,000
5(ii)
Interest — Bank / Co-op Bank / Post Office Interest other than on securities, paid by banking company, co-operative bank, or Post Office on notified scheme deposits
Banking co. / Co-op bank / Post Office
Rates in Force
₹ 1,00,000 (Senior Citizen)₹ 50,000 (Others)
5(iii)
Interest — Other Specified Persons Interest other than on securities, paid by specified person (not bank/post office)
Specified person (excl. 5(ii))
Rates in Force
₹ 10,000
6(i)
Contractors — Designated Person Any sum for carrying out work (incl. supply of labour) under contract with a designated person 1% — Individual / HUF contractor | 2% — Others
Designated person
1% (Individual/HUF) 2% (Others)
₹ 30,000 (single payment)₹ 1,00,000 (aggregate)
6(ii)
Individual / HUF Payments ≥ ₹50 Lakh Payments for (a) work / labour under contract, (b) professional fees, or (c) commission/brokerage — by an Individual or HUF whose turnover exceeds ₹50L/₹1Cr
Individual / HUF (excluding 6(i), 6(iii), 1(ii))
2%
₹ 50 Lakh
6(iii)
Professional / Technical Fees, Royalty, Director Fees (a) 2%: Technical fees (non-professional), royalty for cinematographic films, call-centre payee
(b) 10%: All other professional fees, royalty (other types), director remuneration / commission, sum u/s 26(2)(h)
Specified person
2% (a) 10% (b)
₹ 50,000 (for a, b, d, e)NIL (director fees)
7
Dividend Any dividend (including on preference shares) declared by a domestic company. Deducted before distribution.
Domestic Company
10%
NIL
8(i)
Life Insurance Policy Proceeds Sum under life insurance policy including bonus, excluding amounts exempt under Sch. II Sl. 2. TDS on income portion only.
Any person
2% on income
₹ 1,00,000
8(ii)
Purchase of Goods Sum exceeding ₹50 lakh for purchase of any goods. TDS only on amount exceeding ₹50L. Not applicable if TDS/TCS already applies on that transaction.
Any person (Buyer)
0.1%
₹ 50 LakhTDS only on excess over ₹50L
8(iii)
Specified Senior Citizen — Total Income TDS TDS on total income of a specified senior citizen after allowable Chapter VIII deductions and rebate u/s 156. Overrides all other TDS provisions.
Specified Bank
Rates in Force
As applicable
8(iv)
Benefit or Perquisite from Business / Profession Any benefit or perquisite (whether convertible to money or not) arising from business or exercise of a profession of a resident. Includes cash and kind.
Specified person
10% of value
₹ 20,000
8(v)
E-Commerce Payments to Participants Gross amount of sale / services by e-commerce participant facilitated by the operator. Takes precedence over other provisions. Direct payments by buyers are also included.
E-commerce Operator
0.1% of gross
NIL
8(vi)
Virtual Digital Asset (VDA / Crypto) Consideration for transfer of any virtual digital asset. When payment is in kind, payer must ensure TDS is paid before releasing consideration.
Any person
1%
NIL
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Payments to Non-Residents § 393(2)
TDS on all payments to NR / Foreign Companies — no threshold
Showing all entries
Sl.
Nature of Payment
Payee
Payer
TDS Rate
1
Sportsman / Entertainer Income Income referred to in § 211 — earned by NR sportsman (incl. athlete) or entertainer who is not a citizen of India, or NR sports association
NR sportsman / entertainer / sports association
Any person
20%
2
Interest on Foreign Currency Loan / Infra Bond Interest on moneys borrowed in foreign currency under loan agreement or long-term infrastructure bond (01-Jul-2012 to 01-Jul-2023), approved by Central Govt.
NR (not a company) or Foreign Company
Indian company or Business Trust
5%
3
Interest on Rupee Denominated Bond Borrowed from outside India by way of issue of rupee denominated bond before 01-Jul-2023
NR (not a company) or Foreign Company
Indian company or Business Trust
5%
4
Interest on Long-Term Bond — IFSC Listed Bond listed only on recognised stock exchange in an IFSC.
4% → issued Apr 2020–Jul 2023 | 9% → issued from Jul 2023
NR (not a company) or Foreign Company
Indian company or Business Trust
4% / 9%
5
Interest from Infrastructure Debt Fund Any income by way of interest paid by Infrastructure Debt Fund (Sch. VII Sl. 46)
NR (not a company) or Foreign Company
Infrastructure Debt Fund
5%
6
Business Trust — Distributed Income (Sch. V Sl. 3) Distributed income u/s 223 of nature in Sch. V Sl. 3
5% → Sch. V 3.B(a) | 10% → Sch. V 3.B(b)
NR unitholder (not a company) or Foreign Company
Business Trust
5% / 10%
7
Business Trust — Distributed Income (Sch. V Sl. 4) Distributed income u/s 223 of nature in Sch. V Sl. 4
NR unitholder (not a company) or Foreign Company
Business Trust
Rates in Force
8
Investment Fund Income — NR Unitholder Income (other than exempt portion) in respect of units of Investment Fund u/s 224
NR unitholder (not a company) or Foreign Company
Investment Fund (§ 224)
Rates in Force
9
Securitisation Trust — NR Investor Income in respect of investment in Securitisation Trust u/s 221
NR investor (not a company) or Foreign Company
Securitisation Trust (§ 221)
Rates in Force
10
Mutual Fund / Specified Company Units — NR Income from MF units (Sch. VII Sl. 20/21) or specified company units. Lower DTAA rate applicable if payee furnishes certificate u/s 159(8).
NR (not a company) or Foreign Company
Any person
20%
11
Offshore Fund — Unit Income (§ 208) Income in respect of units referred to in § 208
Offshore Fund
Any person
10%
12
Offshore Fund — LTCG on Units (§ 208) Long-term capital gains on transfer of units referred to in § 208
Offshore Fund
Any person
12.5%
13
GDR / Bonds — Interest & Dividends (§ 209) Income by way of interest or dividends on bonds or Global Depository Receipts referred to in § 209
Non-resident
Any person
10%
14
GDR / Bonds — LTCG on Transfer (§ 209) Long-term capital gains arising from transfer of bonds or GDRs u/s 209
Non-resident
Any person
12.5%
15
FII — Income from Securities (§ 210) Income in respect of securities u/s 210(1) Table Sl. 1. DTAA lower rate applies if certificate furnished.
Foreign Institutional Investor (FII)
Any person
20%
16
Specified Fund — Income from Securities (§ 210) Income in respect of securities u/s 210(1) Table Sl. 1 payable to Specified Fund (Sch. VI Note 1(g))
Specified Fund (Sch. VI Note 1(g))
Any person
10%
17
Any Other Chargeable Income to NR Interest (other than Sl. 2–5) or any other sum chargeable under the Act (excluding salary). Extends to any person, resident or non-resident, even without presence in India.
NR (not a company) or Foreign Company
Any person
Rates in Force
No matching results.
Payments to Any Person § 393(3)
Deducted at time of payment (not credit) — winnings, cash, partner payments
Showing all entries
Sl.
Nature of Payment
Payer
TDS Rate
Threshold Limit
1
Lottery / Crossword / Card Game / Gambling Winnings Winnings (other than from online games) from lottery, crossword puzzle, card game, or any form of gambling or betting
Any person
Rates in Force
₹ 10,000 (per transaction)
2
Online Game Winnings TDS on net winnings in user account at year-end. If any withdrawal during the year, TDS deducted on net winnings in withdrawal AND remaining balance at year-end.
Any person
Rates in Force
Net winnings at year-end / withdrawal
3
Horse Race Winnings Winnings from horse races paid by bookmaker or licensed race-course operator
Bookmaker / Licensed race-course operator
Rates in Force
₹ 10,000 (per transaction)
4
Lottery Ticket — Commission / Prize Commission, remuneration or prize to persons engaged in stocking, distributing, purchasing or selling lottery tickets. Deducted at credit or payment, whichever is earlier.
Any person
2%
₹ 20,000
5
Cash Withdrawal Sum paid in cash from accounts maintained by any person at a bank / co-op bank / post office. Threshold is per account-holder (recipient) across all accounts.
NSS / National Savings Scheme Withdrawal Amount referred to in § 124(2)(a) of ITA, 2025 — withdrawals from National Savings Scheme deposits (formerly § 80CCA(2)(a) of IT Act, 1961). Note: Individual withdrawals on or after 29-Aug-2024 are fully exempt from tax and TDS (CBDT Notification No. 27/2025).
Any person
10%
₹ 2,500
7
Payments to Partner of a Firm Salary, remuneration, commission, bonus or interest paid / credited to a partner of a firm (including capital account credit)
Any person, being a Firm
10%
₹ 20,000
No matching results.
No Deduction at Source § 393(4)
19 cases where TDS is NIL despite the provision being triggered
Showing all 19 exemption cases
Sl.
Provision Triggering TDS
Condition — No TDS Required
1
Commission/Brokerage § 393(1) [1(ii)]
BSNL / MTNL Franchisees — Commission payable by BSNL or MTNL to their public call office (PCO) franchisees
2
Rent § 393(1) [2(ii)]
REIT (Business Trust) — Rent paid to a Business Trust for a real estate asset (Sch. V Sl. 4) owned directly by it
3
Compulsory Acquisition § 393(1) [3(iii)]
RFCTLARR Act, 2013 — Exempt Awards — Any award or agreement exempt from income-tax under § 96 of the Right to Fair Compensation and Transparency in Land Acquisition Act, 2013
4
MF Unit Income § 393(1) [4(i)]
Capital Gains Nature — If the income from MF units is in the nature of capital gains (not ordinary income)
5
Business Trust Income § 393(1) [4(ii)]
SPV Option Not Exercised — Income in Sch. V Sl. 3.B(b) if the special purpose vehicle (SPV) has not exercised the option under § 200
6
Interest on Securities § 393(1) [5(i)]
Exempt Securities / Payees — (a) National Development Bonds; (b) notified debentures; (c) Central/State Govt. securities (except 8% Savings Bonds 2003, 7.75% Bonds 2018, Floating Rate Bonds 2020 Taxable); (d) Interest to LIC, GIC or any insurer on securities owned by them; (e) Interest to Business Trust from SPV (Sch. V Sl. 3)
7
Interest other than Securities § 393(1) [5(ii)/(iii)]
Exempt Interest Payments — (a) To banking co., co-op bank, financial corporation, LIC, UTI, insurance co., notified institution; (b) By co-op society to its members or another co-op; (c) Deposits with primary agricultural / credit society; (d) Certain interest paid by Central Govt. under notified scheme; (e) Zero-coupon bonds by infra/public sector entities; (f) Business Trust SPV interest; (g) Firm paying interest to partner
8
Payments to Contractors § 393(1) [6(i)]
Small Transporters / Personal Payments — (a) Contractor owning ≤10 goods carriages who furnishes a declaration with PAN; (b) Payment by Individual/HUF exclusively for personal purposes
9
Professional/Technical Fees § 393(1) [6(iii)]
Personal Payments by Individual / HUF — Payment for personal use of individual or any member of HUF
10
Dividend § 393(1) [7]
Exempt Dividend Recipients — (a) LIC on shares owned by it; (b) GIC and four public insurers; (c) Other insurers; (d) Business Trust (via SPV); (e) Notified persons; (f) Individual shareholder where dividend is non-cash and aggregate ≤ ₹10,000
11
E-commerce Payments § 393(1) [8(v)]
Small E-commerce Sellers — Participant is an Individual/HUF, gross sales do not exceed ₹5 lakh in the tax year, and PAN/Aadhaar has been furnished
12
VDA / Crypto § 393(1) [8(vi)]
Small VDA Transactions — Aggregate consideration does not exceed: (a) ₹50,000 — Individual/HUF with no business income or turnover <₹1Cr/₹50L; (b) ₹10,000 — any other person
13
NR Business Trust § 393(2) [6]
SPV Option Not Exercised (NR) — Income in Sch. V Sl. 3.B(b) if the SPV has not exercised option under § 200
14
NR Investment Fund § 393(2) [8]
Not Chargeable to Tax — Income not chargeable to tax under the Act
15
NR MF Units § 393(2) [10]
NRI / NR HUF — UTI Units — Payable to non-resident Indian or NR HUF on UTI units, subject to prescribed conditions
16
FII Securities § 393(2) [15]
FII Capital Gains Exempt — Income by way of capital gains from transfer of securities u/s 210, payable to a FII
17
Specified Fund § 393(2) [16]
Schedule VI Exempt Income — Income exempt as per Sch. VI Table Sl. Nos. 1 to 4
18
Cash Withdrawal § 393(3) [5]
Exempt Recipients for Cash Withdrawal TDS — Payment to: (a) Government; (b) Banking company / co-op bank / post office; (c) Business Correspondent of a bank (as per RBI guidelines); (d) White Label ATM Operator (as per RBI authorisation)
19
NSS § 393(3) [6]
Payment to Heirs — NSS / § 124(2)(a) (ITA, 2025) payment made to the heirs of a deceased assessee
Who can furnish: Resident individuals (Form 121 — for those aged 60+ yrs as well as below 60 yrs — unified declaration replacing old Forms 15H and 15G); any person not being a company or firm
What: Written declaration that estimated total income for the tax year shall be nil
Covers: PF balance, insurance commission, rent, MF units, interest (securities / bank / other), life insurance, dividends
Restriction: Cannot use if income exceeds basic exemption (except senior citizens aged 60+)
Form 121 merges the old Forms 15G (below 60 yrs) and 15H (60+ yrs) into a single unified form under § 393(6) of ITA, 2025 read with IT Rules, 2026
From 1-Apr-2027: Electronic declaration to Depository allowed for units/securities/dividends held with it (if listed on a recognised stock exchange)
📅 Sub-section (7) — Forwarding Declarations
Payer must forward the Form 121 declaration received (or from Depository) to the prescribed income-tax authority
Due date: 7th of the month following the end of each quarter in which declaration was received
🏦 Sub-section (8) — Offshore Banking Unit (OBU)
No TDS on interest paid by an OBU on borrowings from or deposits made by a non-resident or RNOR
Applies only to deposits / borrowings made on or after 1st April, 2005
🏛️ Sub-section (9) — NPS Trust
No TDS on any payment made to a person for or on behalf of the New Pension System (NPS) Trust (Sch. VII Sl. 41)
🔢 Sub-section (10) — Grossing Up
When the tax is to be borne by the payer under an agreement, the income must be grossed up
Grossed-up amount ensures that after TDS deduction, the net amount paid equals the contracted amount
Does not apply to TDS on salary (covered under § 392(2)(a))
📂 Sub-section (11) — Suspense Account = Credit to Payee
Credit of any income or sum to a suspense account (or any account by any name) in the payer’s books is deemed as credit to the payee’s account
All TDS obligations under this Chapter apply from the moment of such credit — no deferral
Glossary of Key Terms
SP
Specified Person
§ 402(37) — Income Tax Act, 2025
Any entity other than an Individual or HUF (companies, firms, co-operative societies, AOP, BOI, trusts, etc.), OR an Individual / HUF whose business turnover > ₹1 crore or professional receipts > ₹50 lakh in the immediately preceding tax year — i.e., those liable for Tax Audit u/s 63 of ITA, 2025.
RiF
Rates in Force
Finance Act — A.Y. 2026-27
The income-tax slab rates enacted in the Finance Act for the relevant Assessment Year, inclusive of applicable Surcharge and Health & Education Cess @ 4%. For individuals, the new-regime slabs u/s 202 of ITA, 2025 apply by default (0% → 5% → 10% → 15% → 20% → 25% → 30%).
Source: Section 393, Income Tax Act, 2025 — as amended by Finance Act, 2026 (w.e.f. 1-4-2026 and 1-4-2027 where applicable) · Income Tax Department, Ministry of Finance, Government of India · incometaxindia.gov.in ↗
⚠️ This chart is for reference only. Always consult the original legislation or a qualified tax professional for specific advice. Rates given are without applicable surcharge and cess.
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