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TDS / TCS RATES FOR F.Y.2021-22 (Non Residents)

Section

Nature of Payment 

 Threshold Limit of Payment

Rates

192

 Income from Salary

Rs. 2,50,000 

Average rate of Tax +  Health & Education Cess (Surcharge if Salary > 50 Lacs)

192A

Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)

Rs. 50,000

Non-Resident 10%
Foreign Company- NA

194B

Winning from Lotteries or Cross Word Puzzles or card game

Rs. 10,000 per annum

30%

194BB

Winnings from horse races

Rs. 10,000 per annum

30%  

 

194E

Non-resident Sportman/entertainer or Sports Association

 

20%

194EE

Out of deposit under NSS

Rs.2,500

Non-Resident 10%
Foreign Company- NA

194F

Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India

 

Non-Resident 20%
Foreign Company- NA

194G

Commission on Sale of Lottery Tickets

Rs. 15,000

5%

194LB Payment of interest on infrastructure debt fund to Non Resident

5%

194LBA (2)

Payment by Business trust to unit holders of the nature referred to in  section 10(23FC)(a)

 

 

5%

194LBA (2)

Payment by Business trust to unit holders of the nature referred to in section 10(23FC)(b)

 

10%

194LBA (3) Payment of nature referred to in section 10(23FCA) by by Business trust to unit holders

Non-Resident 30%

Foreign Company 40%  

194LBB

Investment fund paying an income to a unit holder  [other than income which is exempt under Section 10(23FBB)]

 

Non-Resident 30%

Foreign Company 40%

194LBC(2)

Income in respect of investment made in a securitisation trust

 

Non Resident 30%

Foreign Company 40%  
194LC Income by way of interest by an Indian specified company or business trust to a non-resident/foreign company on foreign currency approved loan / long-term bonds from outside India

5%  

194LC Income by way of interest by an Indian specified company or business trust on rupee denominated bond / any long-term bonds from outside India, which is listed only on a recognized stock exchange located in any International Financial Services Centre

4%

194LD Payment of interest on rupee denominated bond of an Indian Company or Government securities 

5%

 

194N TDS on cash withdrawal from Bank, Post office etc. i) in excess of Rs. 1 crore

                                      2%  

194N TDS on cash withdrawal from Bank, Post office etc. ii) in excess of Rs. 20 lakhs* (* for those persons who have not filed return of income (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired) 
2% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 20 lakhs during the previous year
5% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 1 crore during the previous year 
195 Long Term Capital Gains u/s 115E or section 112(1)(c)(iii)

10%

195 Long Term Capital Gains u/s 112A

10%

195 Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 112A) 

20%

195  Short Term Capital Gains u/s. 111A 

15%

195  Dividend Income 

20%

195  Interest income payable by Government / Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency (not being interest referred to in section 194LB or 194LC)

20%

195 Investment income from Foreign Exchange Assets
Non-Resident 20%
Foreign company- NA
195 Royalty us 115A(1A) payable by Government or Indian concern in pursuance of agreement made after March 31,1976

10%

195 Royalty where agreement is made after March 31,1961 but before April 1, 1976
Non-Resident 10%
Foreign company- 50%
195 Royalty where agreement is made on or after April 1,1976

10%

195 Fees for Technical services where agreement is made after February 29,1964 but before April 1, 1976
Non-Resident 10%
Foreign company- 50%
195 Fees for Technical services where agreement is made on or after April 1, 1976

10%

195 Any Other Income
Non-Resident 30%
Foreign company- 40%
196A Income in respect of units on non-resident/ foreign company

20%

196B Income from units (including long-term capital gain on transfer of such units) to an offshore fund

10%

196C Interest income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)

10%

196D Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)

20%

    

 

TCS Rates (Non Residents & Foreign Companies)

Section

Nature of Payment

Threshold Limit of Payment

Rates

206C (1)

Sale of Scrap

 

1.00%

206C (1)

Sale of Tendu Leaves

 

5.00%

206C (1)

Sale of Timber obtained under a forest lease or other mode

 

2.50%

206C (1)

Sale of Any other forest produce not being a Timber or tendu leave

 

2.50%

206C (1)

Sale of Alcoholic Liquor for Human Consumption

 

1.00%

206C Sale of Indian made for foreign liquor  

1.00%

206C (1C)

Parking lot, toll plaza, mining & quarrying

 

2.00%

206C (1)

Sale of Minerals or coal lignite, Iron ore by a trader

 

1.00%

206C (1F)

Sale Value of Motor vehicle whether in cheque or in any other mode of receipt

Exceeding Rs. 10 Lakhs per transaction

1.00%

206C Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh in a financial year if remitted amount is out of loan obtained from any financial institution u/s 80E for the purpose of pursuing any education  

  0.5% (applicable from 01.10.2020)

206C Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh  in any other case   5% (applicable from 01.10.2020)
206C Selling of overseas tour package   5% (applicable from 01.10.2020)
206C  Sale of goods (Other than those being exported) of value exceeding Rs. 50 Lakh in previous year whose total Sale/ gross receipts / turnover from business exceeds Rs 10 Crore during immediately financial year Rs. 50 Lakhs   0.1% (applicable from 01.10.2020)

 

 

Note :- 
TCS on non-Filers of ITR under section206CCA(applicable w.e.f 01.07.2021) Higher of Twice the rate specified or rate of 5%

 

 

 

Notes 
Surcharges & Education Cess

Type of Payment

Surcharge

Rates

Health and Education Cess (4.00%)

Payments to Non-Residents

 

 

 

Payment to Non-Residents (other than Cos)

Up to Rs. 50 lakh

More than Rs. 50 lakh but up to Rs. 1 crore

More than Rs. 1 crore but upto 2 crore

More than Rs. 2 crore but upto 5 crore

More than Rs. 5 crore

Nil

10%

15%

25%

37%

Yes

Yes

Yes

Yes

Yes

Payments to Foreign Co.

Upto 1cr

> 1 Crore

> 10 Crore

Nil

2%

5%

Yes

Yes

Yes

 

  Interest for failure to deduct tax at source/delay in payment of TDS
Stage of deduction

                                             Rate per month or part of the month

From date when deductible till actual deduction                                                                   1.00%
From date of deduction till payment                                                                   1.50%

 

 
     
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