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TDS Rates Chart for FY 2018-19:

TDS rates chart for income tax on select categories for the financial year 2017-2018 are listed below. These rates are applicable for resident Indians.

Nature of payment % of TDS
Payment of salary (Section 192) Normal slab rate
Payment of accrued due of EPF Scheme, to Employees which is taxable in their hand (Section 192A) 10%
Interest on securities (Section 193) 10%
Dividend excluding the dividends mentioned in section 115-O (Section 194) 10%
Income received from interest other than interest on securities (Section-194A) 10%
Income received from winning lotteries, crosswords, and games, etc. ( Section-194B / Section 194BB) 30%
Payment to contractors / sub-contractors (Section 194C) 2% for payments made to contractors who are not HUFs/individuals and 1% for payments made to contractors/sub-contractors who are HUFs/individuals
Insurance commission (Section-194D) 5%
Payment for life insurance policy (Section 194DA) 1%

Rent (Section 194-I)



For plant and machinery 2%
Land, furniture, fitting and furniture 10%
Payment on transfer of immovable property excluding agricultural land ( Section (194- IA) 1%


Income Tax TDS Rates Applicable for NRIs are Mentioned Below:



Nature of Payment % of TDS
Payment of salary (Section 192) Normal slab rate
Payment of accumulated balance of provident fund (Section 192A) 10%
Income received from winnings lotteries, crossword puzzles, card games and other games of any sort (Section 194B) 30%
Income received from winnings from horse races (Section 194BB). 30%
Payment on deposit under National Savings scheme (section- 194EE) 20%
Payment on repurchase of Mutual Fund or Unit Trust of India ( Section 194F) 20%
Commission on sale of lottery tickets (Section 194G) 10%
Interest on infrastructure debt fund (Section 194LB) 5%
Interest income distribution by a Business Trust (Section 194LBS(3)) 30%
Distribution of income by an Investment Fund under Section 115UB of the Income Tax Act (Section 194LBB) 30%
Distribution of income by a Securitisation Trust under Section 115TCA of the Income Tax Act (Section 194LBC) 30%
Interest income from Indian company on funds borrowed in international currency (Section 194LC) 5%
Income by way of interest on certain government securities and rupee-denominated bonds (Section 194LD) 5%


TDS Deduction Rate:



TDS deduction rates are dependent on your taxable income. TDS deduction rate for the financial year 2017-18 are mentioned below. These rates are applicable for general taxpayers, both men and women.



Taxable Income Tax Rate
Up to Rs. 2,50,000 Nil
Rs. 2,50,000 to Rs. 5,00,000 5%
Rs. 5,00,000 to Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
A surcharge of 10% is applicable when total income is between Rs.50 lakh and Rs.1 crore, and 15% when total income is above Rs.1 crore. 3% Education Cess.


TDS Slab Rates:



TDS deduction rates are different for senior citizens and super senior citizens. The below mentioned TDS slab rates are applicable for senior citizens aged between 60 to 80 years:



Income Slabs Tax Rate
Up to Rs. 3,00,000 Nil
Rs. 3,00,000 - Rs. 5,00,000 10%
Rs. 5,00,000 - Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
A surcharge of 10% is applicable when total income is between Rs.50 lakh and Rs.1 crore, and 15% when total income is above Rs.1 crore. 3% Education Cess.


For super senior citizens aged 80 years and above, the following rates are applicable:



Income Slabs Tax Rate
Up to Rs. 5,00,000 Nil
Rs. 5,00,000 - Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
A surcharge of 15% when total income is above Rs.1 crore. 3% Education Cess.

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