|
|
|
|
|
|
Section
|
Nature of Payment
|
Threshold Limit of Payment
|
|
Rates
|
|
|
|
Basic Exemption Limit
|
|
|
|
|
For Old regime
|
For New regime
|
|
192
|
Income from Salary
|
Super Senior Citizen (80 Years or more)
|
Rs. 5,00,000
|
Rs. 3,00,000
|
Average rate of Tax + Health & Education Cess (Surcharge if Salary >
50 Lacs)
TDS as per Tax Regime selected by employee. If not selected, TDS deduction as per
New Regime.
|
Senior Citizen (60 Years or more)
|
Rs. 3,00,000
|
Rs. 3,00,000
|
Others
|
Rs. 2,50,000
|
Rs. 3,00,000
|
192A
|
Premature Withdrawal from EPF
|
Rs. 50,000
|
|
PAN available : 10%
PAN Not available : 20%
|
193
|
Interest on Securities (including Listed Debentures)
|
Rs. 5,000
(Rs. 10,000 on 8% Savings (Taxable) Bonds, 2003)
|
|
10%
|
194
|
Dividend
|
Rs. 5,000
|
|
10%
|
194A
|
*Interest (Other than on Securities) by a Banking Company/ Post Office
|
Senior citizen : Rs. 50,000 p.a.
Others : Rs. 40,000 p.a.
|
|
10%
|
194A
|
Interest (Other than on Securities) by others
|
Rs. 5,000 p.a.
|
|
10%
|
194B
|
Winning from Lotteries & Cross Word Puzzles, Card games and other games on any
sort (Other than winning from online Games)
|
Rs. 10,000 p.a.
|
|
30%
|
194BA
|
Winning From Online Games
|
No Limit
|
|
30%
|
194BB
|
Winnings from horse races
|
Rs. 10,000 p.a.
|
|
30%
|
194C
|
*Payment to contractor/sub-contractor
|
Rs.30,000 Single Transaction (or)
|
|
Individual/HUF : 1%
Others : 2%
|
Rs. 1,00,000 Aggregate of transactions
|
|
194D
|
Insurance Commision
|
Rs. 15,000
|
|
Other than Company : 5% (Reduced rate of 2% shall be wef 1.4.25 onwards)
|
Domestic Company:10%
|
194DA
|
Payment under life insurance policy (The tax shall be deducted on the amount of
income comprised in insurance pay-out)
|
Rs.1,00,000 p.a.
|
|
Upto 30.9.24 : 5% Wef 1.10.24 : 2%
|
194EE
|
Payment under National Savings Scheme
|
Rs.2,500
|
|
10%
|
194F | Payment on account of repurchase of units by Mutual Fund or Unit Trust of India | No Limit | | Upto 30.9.24 : 20% Wef 1.10.24 : NA |
194G
|
Commission on Sale of Lottery Tickets
|
Rs. 15,000
|
|
Upto 30.9.24 : 5% Wef 1.10.24 : 2%
|
194H
|
*Commission/Brokerage
|
Rs. 15,000 p.a.
|
|
Upto 30.9.24 : 5% Wef 1.10.24 : 2%
|
194-I(a)
|
*Rent of Plant / Machinery
|
Rs. 2,40,000 p.a.
|
|
2%
|
194-I(b)
|
*Rent of Land or building or furniture or fitting
|
Rs. 2,40,000 p.a.
|
|
10%
|
194-IA
|
Payment or transfer of immovable property (other than rural agriculture land)
|
Rs. 50,00,000 & above
|
|
1%
(on the higher of amount of consideration or the stamp duty value)
|
194-IB
|
Rent payable by an individual or HUF not liable to tax audit
|
Rs.50,000 per month
|
|
Upto 30.9.24 : 5% Wef 1.10.24 : 2%
|
194-IC
|
Payment of monetary consideration under Joint Development Agreements to Resident
individual/HUF
|
No Limit
|
|
10%
|
194J
|
*Fees for Professional / Technical Services / Royalty / Remuneration to director
|
Rs. 30,000 p.a. (Rs. 0 in case of Directors)
|
|
2% (For Call Centre, Fees for Technical Services & Royalty in case of cinematograh
films)
|
|
10% (For Professional Services, Director remuneration and other royelty)
|
194K
|
Income in respect of units of Mutual funds or specified company
|
Rs. 5,000
|
|
10%
|
194LA
|
Compensation on acquisition of immovable Property
|
Rs. 2,50,000
|
|
10%
|
194LBA(1)
|
Business trust shall deduct tax while distributing, any interest received or receivable
by it from a SPV or any income received from renting or leasing or letting out any
real estate asset owned directly by it, to its resident unit holders.
|
No Limit
|
|
10%
|
194LBB
|
Payment in respect of units of Investment funds u/s 115UB [other than income
which is exempt under Section 10(23FBB)]
|
No Limit
|
|
10%
|
194LBC(1)
|
Income in respect of investment made in a securitisation trust
|
No Limit
|
|
Individual or HUF: 25%
Other : 30%
|
194M
|
Payment to resident contractors and professionals or by way of commission / brokerage
(other than those who covered u/s 194C or 194J) by individual/HUF not liable for
tax audit.
|
Rs. 50 lacs
|
|
Upto 30.9.24 |