{"id":10870,"date":"2021-02-13T01:20:04","date_gmt":"2021-02-12T19:50:04","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=10870"},"modified":"2026-01-18T00:42:07","modified_gmt":"2026-01-17T19:12:07","slug":"tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/","title":{"rendered":"TCS &#038; TDS Rate chart for the FY 2023-24 (AY 2024-25)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d25e2c548a5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d25e2c548a5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#Tax_collection_at_source_Rate_Chart_for_Assessment_Year_2024-2025_%E2%80%93_Income_Tax\" title=\"Tax collection at source Rate Chart for Assessment Year 2024-2025 \u2013 Income Tax\">Tax collection at source Rate Chart for Assessment Year 2024-2025 \u2013 Income Tax<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#TCS_Rate_Chart_for_financial_Year_2023-24\" title=\"TCS Rate Chart for financial Year 2023-24\">TCS Rate Chart for financial Year 2023-24<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#Tax_Deducted_at_source_Rate_Chart_for_AY_2024-2025_%E2%80%93_Income_Tax\" title=\"Tax Deducted at source Rate Chart for AY 2024-2025 \u2013 Income Tax\">Tax Deducted at source Rate Chart for AY 2024-2025 \u2013 Income Tax<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#TDS_Rate_Chart_for_FY_2022-23\" title=\"TDS Rate Chart for FY 2022-23\">TDS Rate Chart for FY 2022-23<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#Tax_Collected_at_SourceTCS_Rate\" title=\"Tax Collected at Source(TCS) Rate\">Tax Collected at Source(TCS) Rate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#TCS_Rate_in_case_of_Non-Availability_of_PAN_Not_filing_of_ITR_Return\" title=\"TCS Rate in case of Non-Availability of PAN &amp; Not filing of ITR Return: \">TCS Rate in case of Non-Availability of PAN &amp; Not filing of ITR Return: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#CBIC_Instructions_on_issue_of_SCN\" title=\"CBIC Instructions on issue of SCN\">CBIC Instructions on issue of SCN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#Guidelines_for_Online_Corrections_in_TDSTCS_Statements\" title=\"Guidelines for Online Corrections in TDS\/TCS Statements\">Guidelines for Online Corrections in TDS\/TCS Statements<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#Reduction_in_TDS_rates_wef_October_1_2024\" title=\"Reduction in TDS rates w.e.f October 1, 2024\">Reduction in TDS rates w.e.f October 1, 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/tcs-and-tds-rate-chart-for-the-fy-2021-22-ay-2022-23\/#New_TDS_Rate_chart_apply_from_1_Oct_2024\" title=\"New TDS Rate chart apply from 1 Oct 2024\">New TDS Rate chart apply from 1 Oct 2024<\/a><\/li><\/ul><\/nav><\/div>\n<p>&nbsp;<\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26080\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-table-.jpg\" alt=\"TDS table \" width=\"1021\" height=\"580\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-table-.jpg 1021w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-table--300x170.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-table--768x436.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-table--800x454.jpg 800w\" sizes=\"(max-width: 1021px) 100vw, 1021px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Tax_collection_at_source_Rate_Chart_for_Assessment_Year_2024-2025_%E2%80%93_Income_Tax\"><\/span><span style=\"color: #000080;\">Tax collection at source Rate Chart for Assessment Year 2024-2025 \u2013 Income Tax<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>TDS is one of the key regulatory frameworks for the Income Tax Authority. Each deductor shall deduct the TDS at the specified rate if the payment exceeds the limit specified in that respective section under income tax.<\/li>\n<li>There are different sections of the Income Tax Act that define distinct TDS rates, the nature of the payment, and its limit for<a href=\"https:\/\/carajput.com\/blog\/tag\/tds-tcs-changes-to-covid19\/\"> TDS<\/a>, and the same has been summarised in this Article.<\/li>\n<li>Every Year Budget is announces by FM under Direct Tax changes under the respective Finance Act Proposals, a No of changes are also incorporated in regard of TCS\/TDS.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"TCS_Rate_Chart_for_financial_Year_2023-24\"><\/span><span style=\"color: #000080;\">TCS Rate Chart for financial Year 2023-24<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 1754px;\" width=\"1032\">\n<tbody>\n<tr>\n<td><strong>Under <\/strong><strong>Section<\/strong><\/td>\n<td><strong>Nature of <\/strong><strong>Payment<\/strong><\/td>\n<td><strong>Applicable <\/strong><strong>limit<\/strong><strong> for <\/strong><strong>Tax collection at source<\/strong><strong> \u00a0<\/strong><\/td>\n<td><strong>Tax collection at source<\/strong> <strong>Rate<\/strong><strong> in <\/strong><strong>%<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1)<\/strong><\/td>\n<td>Sale of Timber obtained under a forest lease or other mode<\/td>\n<td>Not applicable<\/td>\n<td>2.5 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1)<\/strong><\/td>\n<td>Sale of Tendu Leaves<\/td>\n<td>Not applicable<\/td>\n<td>5 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1)<\/strong><\/td>\n<td>Sale of Scrap<\/td>\n<td>Not applicable<\/td>\n<td>1 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1)<\/strong><\/td>\n<td>Sale of Minerals, coal lignite, Iron ore by a trader<\/td>\n<td>Not applicable<\/td>\n<td>1 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1)<\/strong><\/td>\n<td>Sale of Alcoholic Liquor for Human Consumption<\/td>\n<td>Not applicable<\/td>\n<td>1 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1)<\/strong><\/td>\n<td>Sale of any other forest produce not being Timber or tendu leaves<\/td>\n<td>Not applicable<\/td>\n<td>2.5 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1F)<\/strong><\/td>\n<td>Sale Value of Motor vehicle whether in cheque or in any other mode of receipt<\/td>\n<td>INR 10,00,000\/- per transaction<\/td>\n<td>1 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1G)<\/strong><\/td>\n<td>Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding INR \u00a07,00,000\/- in a FY, remitted amount is out of loan obtained from any financial institution under section 80E to pursue any education<\/td>\n<td>Not applicable<\/td>\n<td>0.5 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1C)<\/strong><\/td>\n<td>License\/ Lease of Parking lot, toll plaza, mining and quarrying<\/td>\n<td>Not applicable<\/td>\n<td>2 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1G)<\/strong><\/td>\n<td>Foreign remittance through Liberalised Remittance Scheme (LRS) in any other case<\/td>\n<td>Not applicable<\/td>\n<td>20 percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1G)<\/strong><\/td>\n<td>Selling of overseas tour package<\/td>\n<td>Not applicable<\/td>\n<td>20% (FY 2022-23, it was 5%)<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1G)<\/strong><\/td>\n<td>Foreign remittance via Liberalised Remittance Scheme (LRS) for medical purpose &amp; education<\/td>\n<td>INR 7,00,000\/-<\/td>\n<td>5% (FY 2022-23, it was 5% in excess of INR 7,00,000\/-)<\/td>\n<\/tr>\n<tr>\n<td><strong>206C(1H)<\/strong><\/td>\n<td>Sale of goods (Other than those being exported) of value exceeding INR \u00a050 Lakh where aggregate Sale\/ gross receipts\/turnover from business exceeds INR 10 Cr during immediately FY<\/td>\n<td>Not applicable<\/td>\n<td>0.1%<\/td>\n<\/tr>\n<tr>\n<td><strong>206CC(1)<\/strong><\/td>\n<td>Non-Filer of Income tax return<\/td>\n<td>Not applicable<\/td>\n<td>Twice the TCS Rate or 5% whichever is higher (Maximum Rate will not increase 20%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Tax_Deducted_at_source_Rate_Chart_for_AY_2024-2025_%E2%80%93_Income_Tax\"><\/span><span style=\"color: #000080;\">Tax Deducted at source Rate Chart for AY 2024-2025 \u2013 Income Tax<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"TDS_Rate_Chart_for_FY_2022-23\"><\/span><span style=\"color: #000080;\"><strong>TDS Rate Chart for FY 2022-23<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 4033px;\" width=\"1094\">\n<thead>\n<tr>\n<td><span style=\"color: #000080;\"><strong>Under Section<\/strong><\/span><\/td>\n<td width=\"214\"><span style=\"color: #000080;\"><strong>For Payment towards <\/strong><\/span><\/td>\n<td width=\"140\"><span style=\"color: #000080;\"><strong>Threshold limit (Amount in Rs )<\/strong><\/span><\/td>\n<td width=\"156\"><span style=\"color: #000080;\"><strong>Tax deduction at source Rate in Percentage<\/strong><\/span><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Section 206AA<\/strong><\/td>\n<td width=\"214\">Tax deduction at source rate in case of Non availability of<br \/>\npermanent account number<\/td>\n<td width=\"140\">\u2013<\/td>\n<td width=\"156\">Higher of \u2013<br \/>\nAs per act<br \/>\n2 time of rate or rate in of Tax deduction at source in force<br \/>\n20%<\/td>\n<\/tr>\n<tr>\n<td><strong>Section 206AB<\/strong><\/td>\n<td width=\"214\">Tax deduction at source on non-filers of ITR at higher rates<\/td>\n<td width=\"140\">\u2013<\/td>\n<td width=\"156\">Higher of<br \/>\n\u2013 5%<br \/>\n\u2013 2 time of rate or rate in of Tax deduction at source \u00a0in force<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194<\/strong><\/td>\n<td width=\"214\">Income from Dividend<\/td>\n<td width=\"140\">INR 5,000<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194A<\/strong><\/td>\n<td width=\"214\">Interest bypost office or banks other than on securities<\/td>\n<td width=\"140\">INR 40,000<br \/>\n(INR 50,000 for Senior Citzens)<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194A<\/strong><\/td>\n<td width=\"214\">Interest by others other than on securities<\/td>\n<td width=\"140\">Rs. 5,000<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194B<\/strong><\/td>\n<td width=\"214\">Winnings from Lotteries \/ Puzzle \/ Game<\/td>\n<td width=\"140\">Rs. 10,000<\/td>\n<td width=\"156\">30 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194BB<\/strong><\/td>\n<td width=\"214\">Winnings from Horse Race<\/td>\n<td width=\"140\">Rs. 10,000<\/td>\n<td width=\"156\">30 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194C<\/strong><\/td>\n<td width=\"214\">Contract<\/td>\n<td width=\"140\">Rs 30,000 (Single Transaction) Rs 1,00,000 (Aggregate of Transactions)<\/td>\n<td width=\"156\">1 Percentage (Individuals\/HUF)<br \/>\n2 Percentage (Others)<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194D<\/strong><\/td>\n<td width=\"214\">Payment of Insurance Commission<\/td>\n<td width=\"140\">Rs. 15,000<\/td>\n<td width=\"156\">5 Percentage (10 Percentage in case of domestic companies)<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194DA<\/strong><\/td>\n<td width=\"214\">Life Insurance Policy on Maturity<\/td>\n<td width=\"140\">INR 1,00,000<\/td>\n<td width=\"156\">5 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194E<\/strong><\/td>\n<td width=\"214\">While making the payment to Nonresident sportsmen \/ sports association<\/td>\n<td width=\"140\">INR 0<\/td>\n<td width=\"156\">20 Percentage + Cess<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194G<\/strong><\/td>\n<td width=\"214\">While making the payment \u00a0for Commission on Sale of Lottery tickets<\/td>\n<td width=\"140\">INR 15,000<\/td>\n<td width=\"156\">5 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194H<\/strong><\/td>\n<td width=\"214\">While making the payment for Commission or Brokerage<\/td>\n<td width=\"140\">INR 15,000<\/td>\n<td width=\"156\">5 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194I<\/strong><\/td>\n<td width=\"214\">While making the payment \u00a0for Rent of Land, Building or Furniture<\/td>\n<td width=\"140\">INR 2,40,000<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194I<\/strong><\/td>\n<td width=\"214\">While making the payment Rent of Plant &amp; Machinery<\/td>\n<td width=\"140\">INR 2,40,000<\/td>\n<td width=\"156\">2 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194 IA<\/strong><\/td>\n<td width=\"214\">Transfer of Immovable Property ( other than Agricultural land)<\/td>\n<td width=\"140\">INR 50 lakh<\/td>\n<td width=\"156\">1 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194 IB<\/strong><\/td>\n<td width=\"214\">Making payment Transfer of Other Rent<\/td>\n<td width=\"140\">INR 50,000 (per month)<\/td>\n<td width=\"156\">5 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194IC<\/strong><\/td>\n<td width=\"214\">Payment of monetary consideration under JDA (Joint Development Agreements)<\/td>\n<td width=\"140\">INR 0<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194J<\/strong><\/td>\n<td width=\"214\">Fees for professional or technical services<\/td>\n<td width=\"140\">Not applicable 30,000 ( INR 0 in case of Directors)<\/td>\n<td width=\"156\">2 Percentage (Technical services or call centers), 10 Percentage (Professional services)<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194K<\/strong><\/td>\n<td width=\"214\">Income in respect of units (UTI\/MF)<\/td>\n<td width=\"140\">INR 5,000<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194LA<\/strong><\/td>\n<td width=\"214\">Payment of compensation on acquisition of certain immovable property<\/td>\n<td width=\"140\">INR 2,50,000<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194 LB<\/strong><\/td>\n<td width=\"214\">Interest from Infrastructure Bond to NRI<\/td>\n<td width=\"140\">Not applicable<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194 LD<\/strong><\/td>\n<td width=\"214\">Interest on Rupee denominated bond, municipal debt security and govt.\u00a0Securities<\/td>\n<td width=\"140\">Not applicable<\/td>\n<td width=\"156\">5 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194M<\/strong><\/td>\n<td width=\"214\">Contract, commission, brokerage or professional fee (other than 194C, 194H or 194J)<\/td>\n<td width=\"140\">INR 50,00,000\/-<\/td>\n<td width=\"156\">5 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194N<\/strong><\/td>\n<td width=\"214\">Cash withdrawal from bank and ITR filed<\/td>\n<td width=\"140\">\u00a0INR 1,00,00,000\/-<\/td>\n<td width=\"156\">2 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194N<\/strong><\/td>\n<td width=\"214\">Cash withdrawal from bank and ITR not filed<\/td>\n<td width=\"140\">\u00a0INR 20,00,000\/-<\/td>\n<td width=\"156\">2 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194N<\/strong><\/td>\n<td width=\"214\">Cash withdrawal from bank and ITR not filed<\/td>\n<td width=\"140\">INR 1,00,00,000\/-<\/td>\n<td width=\"156\">5 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194O<\/strong><\/td>\n<td width=\"214\">E-commerce sale<\/td>\n<td width=\"140\">INR 5,00,000\/-<\/td>\n<td width=\"156\">1 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194P<\/strong><\/td>\n<td width=\"214\">Tax deduction at source on Senior Citizen above 75 Years\u00a0(No ITR filing cases)<\/td>\n<td width=\"140\">INR 3,00,000\/-<\/td>\n<td width=\"156\">Normal Income tax Slab Rates<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194Q<\/strong><\/td>\n<td width=\"214\">Purchase of goods<\/td>\n<td width=\"140\">INR 50,00,000\/-<\/td>\n<td width=\"156\">0.10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194R<\/strong><\/td>\n<td width=\"214\">Benefits or perquisites arising from business or profession<\/td>\n<td width=\"140\">INR 20,000<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 194S<\/strong><\/td>\n<td width=\"214\">Tax deduction at source on payment for Virtual Digital Assets or crypto currency (with effect from \u00a001.07.2022)<\/td>\n<td width=\"140\">\u2013<\/td>\n<td width=\"156\">1 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 192<\/strong><\/td>\n<td width=\"214\">Income from Salary<\/td>\n<td width=\"140\">INR 2,50,000<\/td>\n<td width=\"156\">Normal Income tax Slab rates<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 192 A<\/strong><\/td>\n<td width=\"214\">Employees&#8217; Provident Fund \u2013 Premature withdrawal<\/td>\n<td width=\"140\">INR 50,000<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<tr>\n<td><strong>Section<\/strong><strong> 193<\/strong><\/td>\n<td width=\"214\">Interest on Govt Securities<\/td>\n<td width=\"140\">INR 10,000<\/td>\n<td width=\"156\">10 Percentage<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-24460\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-rate..jpg\" alt=\"TDS rate chart FY 2023-24\" width=\"1120\" height=\"1390\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-rate..jpg 1031w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-rate.-242x300.jpg 242w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-rate.-825x1024.jpg 825w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-rate.-768x953.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/TDS-rate.-800x993.jpg 800w\" sizes=\"(max-width: 1120px) 100vw, 1120px\" \/><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Collected_at_SourceTCS_Rate\"><\/span><span style=\"color: #000080;\"><strong>Tax Collected at Source(TCS) Rate<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Under the Proposed section, 206CCA of the income Tax Act would apply on any amount received by a person from a specified person.<\/li>\n<li>In case of non-furnishing of Aadhaar\/PAN by collectee, Tax Collected at Source will be charged at twice of the normal rate applicable or 5% {1% in case of sale of any goods (given in the last point) of the value exceeding 50 Lacs}, whichever is higher.<\/li>\n<li>In other words, The proposed Tax Collected at Source rate in this section is higher than the Below given Rates\n<ul>\n<li>twice the rate specified in the relevant provision of the Act; or<\/li>\n<li>the rate of 5%<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"TCS_Rate_in_case_of_Non-Availability_of_PAN_Not_filing_of_ITR_Return\"><\/span><span style=\"color: #ff9900;\"><b>TCS Rate in case of Non-Availability of PAN &amp; Not filing of ITR Return: <\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Provision of section 206CC (i.e. PAN not available) of the Income Tax Act is applicable to a \u201cspecified person\u201d, in addition to the provision of this section,<\/li>\n<li>the TDS shall be collected at higher of the 2 Rates provided in this section &amp; in section 206CC of the Income Tax Act 1961.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"CBIC_Instructions_on_issue_of_SCN\"><\/span><span style=\"color: #000080;\"><strong>CBIC Instructions on issue of SCN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Central Board of Indirect Taxes and Customs issued instructions on dt 26\/10\/2021 regarding Indiscreet issue of SCNs by Service Tax Authorities.<\/li>\n<li>Proper verification &amp; reconciliation required on difference in Income tax return &amp; TDS data (Form 26 AS) and Service Tax Returns for issue of SCN<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Guidelines_for_Online_Corrections_in_TDSTCS_Statements\"><\/span><span style=\"color: #000080;\">Guidelines for Online Corrections in TDS\/TCS Statements<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-25538\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/06\/Guidelines-for-Online-Corrections-in-TDS-TCS-Statements.jpg\" alt=\"Guidelines for Online Corrections in TDS\/TCS Statements\" width=\"1027\" height=\"2128\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/06\/Guidelines-for-Online-Corrections-in-TDS-TCS-Statements.jpg 601w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/06\/Guidelines-for-Online-Corrections-in-TDS-TCS-Statements-145x300.jpg 145w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/06\/Guidelines-for-Online-Corrections-in-TDS-TCS-Statements-494x1024.jpg 494w\" sizes=\"(max-width: 1027px) 100vw, 1027px\" \/><\/p>\n<h3 id=\"late-filing-fee\"><\/h3>\n<p><span style=\"color: #ff9900;\"><strong><u>Note: TCS Rates on Non Filing of ITR u\/s. 206CCA w.e.f 01\/07\/2021 (Budget 2021 Amendment)<\/u><\/strong><\/span><\/p>\n<ul>\n<li><strong style=\"font-size: 16px;\"><a href=\"https:\/\/carajput.com\/learn\/nsdl-extension-of-qtr-tdstcs-statement-filing-dates-for-4-quarter-of-fy-201920-until-30-june.html\">Extention of TDS\/TCS statement filing Date<\/a><\/strong><\/li>\n<li><a href=\"https:\/\/carajput.com\/publications\/tds-deduction-rate-chart-for-ay-2023-2024-fy-2022-2023.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/publications\/tds-deduction-rate-chart-for-ay-2023-2024-fy-2022-2023.pdf\"><strong>TDS Deduction Rate Chart\u00a0 for (AY 2023-2024) FY 2022-2023<\/strong><\/a><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/learn\/new-tds-deduction-provision-prevent-cash-transactions-of-more-than-1-crore-section-194n.html\">New TDS deduction No cash transactions exceeding 1 Crore -Section 194N<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/learn\/key-features-of-tcs-on-goods-sale-section-206c-1h-applicable-from-1-october-2020.html\">key features of TCS on goods sale section-206c<\/a><\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Reduction_in_TDS_rates_wef_October_1_2024\"><\/span><span style=\"color: #000080;\">Reduction in TDS rates w.e.f October 1, 2024<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27298\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024.jpg\" alt=\"Reduction in TDS rates w.e.f October 1, 2024\" width=\"873\" height=\"373\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024.jpg 873w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024-300x128.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024-768x328.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024-800x342.jpg 800w\" sizes=\"(max-width: 873px) 100vw, 873px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_TDS_Rate_chart_apply_from_1_Oct_2024\"><\/span><a href=\"https:\/\/carajput.com\/archives\/new-tds-rate-chart-apply-from-1-oct-2024.pdf\"><span style=\"color: #000080;\"><strong>New TDS Rate chart apply from 1 Oct 2024<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>TDS Rates &amp; TCS Rate Chart Compiled by CA Swatantra Kumar Singh<\/strong>\u00a0<a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a> You can reach us at <a href=\"mailto:singh.swatantra@carajput.com\">singh.swatantra@carajput.com<\/a> for any queries, issues, and recommendations relating to the Blog. Any kind of feedback for improvement would be really appreciated,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Tax collection at source Rate Chart for Assessment Year 2024-2025 \u2013 Income Tax TDS is one of the key regulatory frameworks for the Income Tax Authority. Each deductor shall deduct the TDS at the specified rate if the payment exceeds the limit specified in that respective section under income tax. There are different sections &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[9752],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/10870"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=10870"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/10870\/revisions"}],"predecessor-version":[{"id":30975,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/10870\/revisions\/30975"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=10870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=10870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=10870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}