TDS Rates at a Glance:
Lists the latest TDS rates applicable to different types of payments such as:
Salaries
Rent
Interest
Professional fees
Contract payments
Commission and brokerage
Dividends
Property sale, etc.
Threshold Limits:
Indicates the minimum amount above which TDS must be deducted. For instance, TDS on rent may apply only if annual rent exceeds ₹2.4 lakh.
Section-wise Reference:
Each type of payment is associated with a section of the Income Tax Act (e.g., Section 194C for contractors, Section 194J for professional services).
Payee Type Distinction:
Shows whether different TDS rates apply to individuals, HUFs, companies, non-residents, etc.
Due Dates for TDS Payment & Return Filing:
Includes timelines for depositing TDS with the government and filing TDS returns (e.g., Form 26Q, 27Q).
PAN Compliance:
Highlights the higher TDS rate (usually 20%) applicable when PAN is not provided by the payee.
Updated for Financial Year:
Each version of the reckoner is updated to reflect any changes introduced in the Union Budget or via circulars/notifications by the CBDT (Central Board of Direct Taxes).
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Rate: As per Income Tax Slab Rates applicable to the employee
Threshold: Taxable income exceeding basic exemption limit
Remarks: Employer must compute estimated income and deduct monthly
Rate: 10%
Threshold:
?40,000 (?50,000 for senior citizens) from banks/co-op societies/post office
Remarks: PAN required to avoid 20% rate
Rate:
Land/building: 10%
Plant/machinery/equipment: 2%
Threshold: ?2.4 lakh per annum
Remarks: Applicable for business/individuals if turnover > ?1 crore / ?50 lakh (for professionals)
Rate:
General: 10%
Technical services: 2%
Threshold: ?30,000 per annum
Remarks: Deducted by businesses on payments to professionals like consultants, doctors, etc.
Rate:
Individual/HUF: 1%
Others: 2%
Threshold:
Single payment > ?30,000
Aggregate in a FY > ?1 lakh
Remarks: Includes payments to freelancers, transporters (with PAN exempted)
Rate: 5%
Threshold: ?15,000 per annum
Remarks: Excludes insurance commission (covered under 194D)
Rate: 1%
Threshold: ?50 lakh
Remarks: Buyer must deduct TDS; PAN of both parties mandatory
Rate: 10%
Threshold: ?5,000
Remarks: Applies if dividend is from a domestic company
Rate: Depends on nature of payment (royalty, technical fees, interest, etc.)
Threshold: Nil
Remarks: Subject to DTAA and surcharge + cess
Rate: 20% or higher of prescribed rate
Remarks: Applies if PAN is not furnished
| Activity | Due Date |
|---|---|
| Deposit of TDS | 7th of following month |
| TDS Return (Quarterly) | 31st July, 31st Oct, 31st Jan, 31st May |
| Issue of TDS Certificate (Form 16/16A) | Within 15 days of filing return |
| Taxmann TDS Ready Reckoner |
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