Code

New Section (Act 2025)

Nature of Payment

Old Section (Act 1961)

Rate

Threshhold (Rs.)

A - SALARY PAYMENTS | Section 392 | Form 138

1001

392

Salary - Government employees (other than Union Govt.)

192

Slab

Slab

1002

392

Salary - Employees other than Government employees

192

Slab

Slab

1003

392

Salary - Indian Government employees (Union Govt.)

192

Slab

Slab

1004

392(7)

EPF Withdrawal - accumulated balance due to employee (EPF Scheme 1952). Also applicable for non-resident employees in Form 144.

192A

10%

            50,000

B - PAYMENTS TO RESIDENTS | Section 393(1) | Form 140

1005

393(1)[Sl.1(i)]

Insurance Commission

194D

5%

            20,000

1006

393(1)[Sl.1(ii)]

Commission or Brokerage (other than insurance)

194H

5%

            20,000

1007*

393(1)[Sl.2(i)]

Rent - Individual/HUF (non-audit), ₹50,000/month or more

194IB

2%

 50,000 p.m.

1008

393(1)[Sl.2(ii).D(a)]

Rent of Plant, Machinery or Furniture

194I(a)

2%

 50,000 p.m.

1009

393(1)[Sl.2(ii).D(b)]

Rent of Land, Building or Furniture (other than plant/machinery)

194I(b)

10%

 50,000 p.m.

1010*

393(1)[Sl.3(i)]

Transfer of Immovable Property (buyer deducts TDS on consideration)

194IA

1%

      50,00,000

1011

393(1)[Sl.3(ii)]

Monetary consideration under Joint Development Agreement - Section 67(14)

194IC

10%

                       -  

1012

393(1)[Sl.3(iii)]

Compensation on compulsory acquisition of immovable property

194LA

10%

        5,00,000

1013

393(1)[Sl.4(i)]

Income from units of specified Mutual Fund / Administrator of specified undertaking / specified company

194K

10%

            10,000

1014

393(1)[Sl.4(ii)]

Income from units of Business Trust - Interest (to resident unit holder)

194LBA

10%

                       -  

1015

393(1)[Sl.4(ii)]

Income from units of Business Trust - Dividend (to resident unit holder)

194LBA

10%

                       -  

1016

393(1)[Sl.4(ii)]

Income from units of Business Trust - Rent (REIT, to resident unit holder)

194LBA

10%

                       -  

1017

393(1)[Sl.4(iii)]

Income from AIF (Category I or II, Section 224) to resident unit holders - non-exempt portion

194LBB

10%

                       -  

1018

393(1)[Sl.4(iv)]

Income from Securitisation Trust (Section 221) to resident investors

194LBC

25%

                       -  

1019

393(1)[Sl.5(i)]

Interest on Securities

193

10%

            10,000

1020

393(1)[Sl.5(ii).D(a)]

Interest from Bank/Post Office deposits - payee is a Senior Citizen

194A

10%

        1,00,000

1021

393(1)[Sl.5(ii).D(b)]

Interest from Bank/Post Office deposits - payee is not a Senior Citizen

194A

10%

            50,000

1022

393(1)[Sl.5(iii)]

Interest by other specified payers - not a Bank or Post Office (non-bank interest)

194A

10%

            10,000

1023

393(1)[Sl.6(i).D(a)]

Contract Payment - contractor is an Individual or HUF

194C

1%

 (a) 30,000; for any such sum; and
(b) 1,00,000 in case of aggregate of such sums.

1024

393(1)[Sl.6(i).D(b)]

Contract Payment - contractor is a person other than Individual or HUF

194C

2%

1025*

393(1)[Sl.6(ii)]

Payment by Individual/HUF (non-audit) to Contractor, Professional, or for Commission

194M

2%

      50,00,000

1026

393(1)[Sl.6(iii).D(a)]

Fees for Technical Services (non-professional); Royalty on Cinematographic Films; Call Centre operations

194J

2%

            50,000

1027

393(1)[Sl.6(iii).D(b)]

Fees for Professional Services; sum referred to in Section 26(2)(h)

194J

10%

            50,000

1028

393(1)[Sl.6(iii).D(b)]

Remuneration, fees or commission paid to a Director of a company (other than salary under Section 392)

194J

10%

                       -  

1029

393(1)[Sl.7]

Dividends declared by a domestic company (including on Preference Shares)

194

10%

                       -  

1030

393(1)[Sl.8(i)]

Life Insurance Policy sum (taxable portion), including bonus - other than exempt amounts under Schedule II

194DA

2%

        1,00,000

1031

393(1)[Sl.8(ii)]

Purchase of Goods (by specified buyer, turnover >₹10 cr)

194Q

0.1%

      50,00,000

1032

393(1)[Sl.8(iii)]

Payment to Specified Senior Citizen - bank deducts TDS and files return on their behalf

194P

Slab

Slab

1033

393(1)[Sl.8(iv)]

Business/Profession Perquisite or Benefit arising from business - in cash

194R

10%

            20,000

1034

393(1)[Sl.8(iv) Note 6]

Business/Profession Perquisite or Benefit - in kind, or partly in cash and partly in kind

194R

10%

            20,000

1035

393(1)[Sl.8(v)]

Sales by e-commerce participant through e-commerce operator platform

194O

0.1%

                       -  

1037

393(1)[Sl.8(vi)]

VDA Transfer - by persons other than Individual or HUF (cash)

194S

1%

                       -  

C - PAYMENTS TO NON-RESIDENTS | Section 393(2) | Form 144

1039

393(2)[Sl.1]

Income of non-resident sportsman (incl. athlete) or entertainer (not a citizen of India), or non-resident sports association/institution

195

Treaty/Act

                       -  

1040

393(2)[Sl.2]

Interest on foreign currency borrowing - loan agreement or LT infra bond issued 1 Jul 2012 to 30 Jun 2023

194LC

5%

                       -  

1041

393(2)[Sl.3]

Interest on Rupee Denominated Bond borrowed outside India - issued before 1 Jul 2023

194LC

5%

                       -  

1042

393(2)[Sl.4.E(a)]

Interest on LT bond/Rupee Denominated Bond listed only on IFSC stock exchange - issued 1 Apr 2020 to 30 Jun 2023

194LC

4%

                       -  

1043

393(2)[Sl.4.E(b)]

Interest on LT bond/Rupee Denominated Bond listed only on IFSC stock exchange - issued on or after 1 Jul 2023

194LC

9%

                       -  

1044

393(2)[Sl.5]

Interest paid by infrastructure debt fund (Schedule VII, Sl. 46) to a non-resident or foreign company

194LB

5%

                       -  

1045

393(2)[Sl.6.E(a)]

Business Trust distributed income - nature per Schedule V [Sl. 3.B(a)] - to non-resident unit holder

194LBA

5%

                       -  

1046

393(2)[Sl.6.E(b)]

Business Trust distributed income - nature per Schedule V [Sl. 3.B(b)] - to non-resident unit holder

194LBA

10%

                       -  

1047

393(2)[Sl.7]

Business Trust distributed income - nature per Schedule V [Sl. 4] - to non-resident unit holder

194LBA

10%

                       -  

1048

393(2)[Sl.8]

AIF (Section 224) income to non-resident unit holder - non-exempt portion only

194LBB

10%

                       -  

1049

393(2)[Sl.9]

Securitisation Trust (Section 221) income to non-resident investor

194LBC

30%

                       -  

1050

393(2)[Sl.10]

Income from units of specified Mutual Fund or specified company - to non-resident

196A

10%

                       -  

1051

393(2)[Sl.11]

Income in respect of units of Offshore Fund (Section 208)

196B

10%

                       -  

1052

393(2)[Sl.12]

LTCG on transfer of Offshore Fund units (Section 208)

196B

12.5%

                       -  

1053

393(2)[Sl.13]

Interest or Dividends on bonds or Global Depository Receipts (Section 209) - non-resident

196C

10%

                       -  

1054

393(2)[Sl.14]

LTCG on transfer of bonds or Global Depository Receipts (Section 209) - non-resident

196C

12.5%

                       -  

1055

393(2)[Sl.15]

Income from securities (Section 210(1) [Sl.1]) - Foreign Institutional Investor

196D

20%

                       -  

1056

393(2)[Sl.16]

Income from securities (Section 210(1) [Sl.1]) - Specified Fund (Schedule VI, Note 1(g))

196D

10%

                       -  

1057

393(2)[Sl.17]

Any interest (other than Sl. 2–5) or any other sum chargeable under this Act - not salary - to any non-resident or foreign company

195

Act/DTAA

                       -  

D - PAYMENTS TO ANY PERSON | Section 393(3) | Forms 140 & 144

1058

393(3)[Sl.1]

Winnings from lottery, crossword puzzle, card game, gambling or betting - cash payment

194B

30%

            10,000

1059

393(3)[Sl.1 Note 2]

Winnings from lottery/crossword/card game/gambling - consideration in kind; tax paid before release of winnings

194B

30%

1060

393(3)[Sl.2]

Winnings from online games - cash payment

194BA

30%

1061

393(3)[Sl.2 Note 2]

Winnings from online games - in kind or partly in cash; tax paid before release of winnings

194BA

30%

1062

393(3)[Sl.3]

Winnings from horse race (deductor: bookmaker or licensed person)

194BB

30%

            10,000

1063

393(3)[Sl.4]

Commission, remuneration or prize on lottery tickets - paid to stockist, distributor, or seller

194G

2%

            20,000

1064

393(3)[Sl.5.D(a)]

Cash withdrawal from bank/post office/co-operative society - deductee is a co-operative society

194N

2%

  3,00,00,000

1065

393(3)[Sl.5.D(b)]

Cash withdrawal from bank/post office/co-operative society - deductee is other than a co-operative society

194N

2%

  1,00,00,000

1066

393(3)[Sl.6]

Payment under Section 80CCA(2)(a) of the IT Act, 1961 as it existed before repeal (NSS deposits)

194EE

10%

               2,500

1067

393(3)[Sl.7]

Payment to partners of a firm - salary, remuneration, commission, bonus or interest (credited or paid)

194T

10%

            20,000

Code

New Section (Act 2025)

Nature of Payment

Old Section (Act 1961)

Rate

E - TAX COLLECTED AT SOURCE | Section 394 | Form 143

1068

394(1)[Sl.1]

Sale of Alcoholic Liquor for human consumption

206C(1)

2%

1069

394(1)[Sl.2]

Sale of Tendu Leaves

206C(1)

2%

1070

394(1)[Sl.3]

Sale of Timber - obtained under a forest lease

206C(1)

2%

1071

394(1)[Sl.3]

Sale of Timber - obtained by any mode other than a forest lease

206C(1)

2%

1072

394(1)[Sl.3]

Sale of any other Forest Produce (not timber or tendu leaves) - under a forest lease

206C(1)

2%

1073

394(1)[Sl.4]

Sale of Scrap

206C(1)

2%

1074

394(1)[Sl.5]

Sale of Minerals - coal, lignite, or iron ore

206C(1)

2%

1075

394(1)[Sl.6.D(a)]

Sale of Motor Vehicle - sale consideration exceeding prescribed threshold

206C(1F)

1%

1076

394(1)[Sl.6.D(b)]

Sale of Wrist Watch - consideration exceeding threshold New

No equivalent

1%

1077

394(1)[Sl.6.D(b)]

Sale of Art Piece (antiques, painting, sculpture) - consideration exceeding threshold New

No equivalent

1%

1078

394(1)[Sl.6.D(b)]

Sale of Collectibles (coin, stamp) - consideration exceeding threshold New

No equivalent

1%

1079

394(1)[Sl.6.D(b)]

Sale of Yacht, Rowing Boat, Canoe or Helicopter - consideration exceeding threshold New

No equivalent

1%

1080

394(1)[Sl.6.D(b)]

Sale of Pair of Sunglasses - consideration exceeding threshold New

No equivalent

1%

1081

394(1)[Sl.6.D(b)]

Sale of Bag (handbag, purse) - consideration exceeding threshold New

No equivalent

1%

1082

394(1)[Sl.6.D(b)]

Sale of Pair of Shoes - consideration exceeding threshold New

No equivalent

1%

1083

394(1)[Sl.6.D(b)]

Sale of Sportswear and Equipment (golf kit, ski-wear) - consideration exceeding threshold New

No equivalent

1%

1084

394(1)[Sl.6.D(b)]

Sale of Home Theatre System - consideration exceeding threshold New

No equivalent

1%

1085

394(1)[Sl.6.D(b)]

Sale of Horse for horse racing in race clubs, or horse for polo - consideration exceeding threshold New

No equivalent

1%

1086

394(1)[Sl.7.D(a)]

LRS Remittance - for the purpose of education or medical treatment (amount exceeding threshold)

206C(1G)

2%

1087

394(1)[Sl.7.D(b)]

LRS Remittance - for purposes other than education or medical treatment (amount exceeding threshold)

206C(1G)

20%

1088

394(1)[Sl.8.D(a)]

Sale of Overseas Tour Programme Package - amount up to prescribed threshold limit

206C(1G)

2%

1089

394(1)[Sl.8.D(b)]

Sale of Overseas Tour Programme Package - amount above prescribed threshold limit

206C(1G)

20%

1090

394(1)[Sl.9]

Use of Parking Lot for business purposes (excluding mineral oil/petroleum/gas mining)

206C(1)

2%

1091

394(1)[Sl.9]

Use of Toll Plaza for business purposes (excluding mineral oil/petroleum/gas mining)

206C(1)

2%

1092

394(1)[Sl.9]

Use of Mine or Quarry for business purposes (excluding mineral oil, petroleum and natural gas)

206C(1)

2%

Section 397(2) Old Section – 206AA & 206CC

(a)   Irrespective of anything contained in any other provision of this Act, every person, entitled to receive any amount on which tax is deductible or, paying any amount on which tax is collectible, shall furnish his valid Permanent Account Number to the person responsible for deducting or collecting tax;

(b)    in case of failure to comply with provisions of clause (a)-

(i) tax shall be deducted at the higher of the following rates:-
(A) at the rate specified in the relevant provision of this Act; or
(B) at the rate or rates in force; or
(C) at the rate of 5% where tax is required to be deducted under section
393(1) [Table: Sl. No. 8(ii) or 8(v)]; or 20% in any other case;

(ii) tax shall be collected at the higher of the following rates, not exceeding
20%-
(A) at twice the rate specified in the relevant provision of this Act; or
(B) at the rate of 5%;