TDS Rates For N.R.I Us 195

TDS Services in Delhi NCR

TDS / TCS RATES FOR F.Y.2021-22 (NON RESIDENTS)

SectionNature of Payment  Threshold Limit of PaymentRates
192 Income from SalaryRs. 2,50,000 Average rate of Tax +  Health & Education Cess (Surcharge if Salary > 50 Lacs)
192APremature 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
194BWinning from Lotteries or Cross Word Puzzles or card gameRs. 10,000 per annum30%
194BBWinnings from horse racesRs. 10,000 per annum30%
194ENon-resident Sportman/entertainer or Sports Association 20%
194EEOut of deposit under NSSRs.2,500
Non-Resident 10%
Foreign Company- NA
194FPayment on account of repurchase of unit by Mutual Fund or Unit Trust of India 
Non-Resident 20%
Foreign Company- NA
194GCommission on Sale of Lottery TicketsRs. 15,0005%
194LBPayment 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%  
194LBBInvestment 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%  
194LCIncome 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%  
194LCIncome 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%
194LDPayment of interest on rupee denominated bond of an Indian Company or Government securities  5%  
194NTDS on cash withdrawal from Bank, Post office etc.i) in excess of Rs. 1 crore                                      2%  
194NTDS 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have not filed return of income (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired) 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 
195Long Term Capital Gains u/s 115E or section 112(1)(c)(iii) 10%
195Long Term Capital Gains u/s 112A 10%
195Other 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%
195Investment income from Foreign Exchange Assets 
Non-Resident 20%
Foreign company- NA
195Royalty us 115A(1A) payable by Government or Indian concern in pursuance of agreement made after March 31,1976 10%
195Royalty where agreement is made after March 31,1961 but before April 1, 1976 
Non-Resident 10%
Foreign company- 50%
195Royalty where agreement is made on or after April 1,1976 10%
195Fees for Technical services where agreement is made after February 29,1964 but before April 1, 1976 
Non-Resident 10%
Foreign company- 50%
195Fees for Technical services where agreement is made on or after April 1, 1976 10%
195Any Other Income 
Non-Resident 30%
Foreign company- 40%
196AIncome in respect of units on non-resident/ foreign company 20%
196BIncome from units (including long-term capital gain on transfer of such units) to an offshore fund 10%
196CInterest income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) 10%
196DIncome of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) 20%

TCS RATES (NON RESIDENTS & FOREIGN COMPANIES)

SectionNature of PaymentThreshold Limit of PaymentRates
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%
206CSale 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 receiptExceeding Rs. 10 Lakhs per transaction1.00%
206CForeign 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)
206CForeign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh  in any other case 5% (applicable from 01.10.2020)
206CSelling 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 yearRs. 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%
Type of PaymentSurchargeRatesHealth 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
Notes 
Surcharges & Education Cess
Type of PaymentSurchargeRatesHealth 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 deduction1.00%
From date of deduction till payment1.50%
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