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    TDS F.Y.2024-25 (Non Residents and Foreign Companies)

     Section Nature of Payment TDS Rates (%)
        Non- resident Foreign Company
           
      Section 192 Payment of Salary NormaNon Resident (other than company)l Slab Rate NA
      Section 192A Payment of accumulated balance of provident fund which is taxable in the hands of an employee. 10 NA
      Section 194B Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort 30 30
      Section 194BA Winning from Online Games 30 30
      Section 194BB Winnings from horse races 30 30
      Section 194E Payment to non-resident sportsmen/sports association 20 20
      Section 194EE Payment in respect of deposits under National Savings Scheme 10 NA
      Section 194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India 20 NA
      Section 194G Commission  on sale of lottery tickets Upto 30 Sep 2024 : 5 
    Wef 1. Oct 2024    : 2
    Upto 30 Sep 2024 : 5 
    Wef 1. Oct 2024    : 2
      Section 194LB Payment of interest on infrastructure debt fund 5 5
      Sec. 194LBA(2) Payment of the nature referred to in Section 10(23FC)(a)(Interest income of a business trust from SPV distribution to its unitholders)
    5 5
      Section 194LBA(2) Payment of the nature referred to in Section 10(23FC)(b)(Dividend income of a business trust from SPV, in which it holds the entire share capital except the capital held by the government, and distribution to its unitholders) 10 10
     Section 194LBA(3) Payment of the nature referred to in section 10(23FCA) by business trust to unit holders(Rental/Leasing income payment of assets owned by the business trust to the unitholders ) 30 35
      Section 194LBB Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]. 30 35
      Section 194LBC Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA) 30 35
     Section 194LC  Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)* 5 / 4* 5 or 4*
     Section 194LC Long Term Bond/ rupee Denominated Bonds issue on or after 01 July 2023 listed in SE located in IFSC* 9 9
    * In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC
     Section 194LD Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor 5 5
    Section 194N Aggregate Cash withdrawal from Bank / Co-operative bank / Post office etc.  (* by persons who have not filed ITR for 3 previous years immediately preceding the previous year and the due date for filing ITR under section 139(1) has expired)  Cash withdrawal  between Rs. 20 lakhs to Rs. 1 crore : 2% Cash withdrawal  between Rs. 20 lakhs to Rs. 1 crore : 2%
    Cash withdrawal above Rs. 1 crore : 5% Cash withdrawal above Rs. 1 crore : 5%
    Section 194N Aggregate Cash withdrawal from Bank, Post office etc. in case of others. 2 2
     Section 194T Payment of Remuneration/interest/interest by firm to its partners FY 24-25 : Nil
    FY 25-26 onwards : 10%
     -
      Section 195 Payment of any other sum to a Non-resident    
    a) Income of foreign exchange assets payable to a Non-resident Indian Citizen 20 NA
    b) Income by way of long-term capital gains referred to in Section 115E  Upto 22 Jul 2024 : 10
    Wef 23 Jul 2024 : 12.5
    -
    c) Income by way of long-term capital gains referred to in section 112(1)(c) (iii) Upto 22 Jul 2024 : 10
    Wef 23 Jul 2024 : 12.5
    Upto 22 Jul 2024 : 10
    Wef 23 Jul 2024 : 12.5
    d) Income by way of long-term capital gains as referred to in Section 112A exceeding Rs. 1 Lakh Upto 22 Jul 2024 : 10
    Wef 23 Jul 2024 : 12.5
    Upto 22 Jul 2024 : 10
    Wef 23 Jul 2024 : 12.5
    e) Income by way of short-term capital gains referred to in Section 111A Upto 22 Jul 2024 : 15
    Wef 23 Jul 2024 : 20
    Upto 22 Jul 2024 : 15
    Wef 23 Jul 2024 : 20
    f) Any other long-term capital gains income [not being long-term capital gains referred to in clauses 10(33), 10(36) and 112A] Upto 22 Jul 2024 : 20
    Wef 23 Jul 2024 : 12.5
    Upto 22 Jul 2024 : 20
    Wef 23 Jul 2024 : 12.6
    g) Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC) 20 20
    g)i) Income by way of dividend from a unit in IFSC.
        ii)Income by way of dividend other than above
    10
    20
    10
    20
    h) Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a person resident in India 20 20
    i) Income by way of royalty [not being royalty of the nature referred to point h) above] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy

     (If Agreement made after 31 March 1961 but before 1 April, 1976 20 50
     (If Agreement made after  1 April, 1976 20 20
    j) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy

     
      (If Agreement made after Feb 29.02.1964 but before 01.04.1976 20 50
      (If Agreement made after  01.04.1976 20 20
    k) Any other income 30 35
      Section 196A Income in respect of units of non resident/Foreign company. 20 20
      Section 196B Income from units (including long-term capital gain on transfer of such units) to an offshore fund Upto 22 Jul 2024 : 10
    Wef 23 Jul 2024 : 12.5
    Upto 22 Jul 2024 : 10
    Wef 23 Jul 2024 : 12.5
     Section 196C Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) Upto 22 Jul 2024 : 10
    Wef 23 Jul 2024 : 12.5
    Upto 22 Jul 2024 : 10
    Wef 23 Jul 2024 : 12.5
      Section 196D(1) Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) 20 20
           
      Section 196D(1A) Interest income from securities of specified funds  10

    10

    Note: Tax shall be deducted at the rate provided under DTAA if same is lower than the existing TDS rate 

     

    The rate of TDS shall be increased by applicable surcharge and Health & Education cess as follows:-

    *Payment Made to- Surcharge Rate Health and Education Cess (4.00%)
    Non Resident (other than company) > 50 Lakhs but upto 1 crore 10% Yes
    > 1 Crore but upto 2 Crore 15% Yes
    > 2 crore but upto 5 crore 25% Yes
    > 5 crore 37% (Old Regime)
    25% (New Regime)
    Yes
    Non Resident Company Between 1 crore and 10 crore 2% Yes
    > 10 crore 5% Yes

     

    TDS F.Y.2022-23 (Non Residents and Foreign Companies)

     Section

    Nature of Payment

    TDS Rates (in %)

    1. where the person is not resident in India* -  

      Section 192

    Payment of Salary

    Normal Slab Rate

      Section 192A

    Payment of accumulated balance of provident fund which is taxable in the hands of an employee.

    10

      Section 194B

    Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort

    30

      Section 194BB

    Income by way of winnings from horse races

    30

      Section 194E

    Payment to non-resident sportsmen/sports association

    20

      Section 194EE

    Payment in respect of deposits under National Savings Scheme

    10

      Section 194F

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

    20

      Section 194G

    Commission, etc., on sale of lottery tickets

    5

      Section 194LB

    Payment of interest on infrastructure debt fund

    5

      Sec. 194LBA(2)

    Payment of the nature referred to in Section 10(23FC)(a)

    5

      Section 194LBA(2)

    Payment of the nature referred to in Section 10(23FC)(b)

    10

      Section 194LBA(3)

    Payment of the nature referred to in section 10(23FCA) by business trust to unit holders

    30

      Section 194LBB

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

    30

      Section 194LBC

    Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)

    30

     Section 194LC

     Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)

    5 or 4*

    * In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC

     Section 194LD

    Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor

    5

      Section 195

    Payment of any other sum to a Non-resident

     

    a) Income in respect of investment made by a Non-resident Indian Citizen

    20

    b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen

    10

    c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112

    10

    d) Income by way of long-term capital gains as referred to in Section 112A

    10

    e) Income by way of short-term capital gains referred to in Section 111A

    15

    f) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses 10(33)10(36) and 112A

    20

    g) Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)

    20

    h) Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of  Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of  Section 115A of the Income-tax Act, to a person resident in India

    10 

    i) Income by way of royalty [not being royalty of the nature referred to point h) above] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy

    10

    j) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy

    10

    k) Any other income

    30

      Section 196B

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

    10

     Section 196C

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

    10

      Section 196D

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

    Note:  Tax shall be deducted at the rate provided under DTAA if same is lower than the existing TDS rate of 20%.

    20

     2. In the case of a company, where the company is not a domestic company*-

     Section 194B

    Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort

    30

     Section 194BB

    Income by way of winnings from horse races

    30

     Section 194E

    Payment to non-resident sports association

    20

    Section 194G 

     Commission, etc., on sale of lottery tickets

    5

     Section 194LB

    Payment of interest on infrastructure debt fund

    5

     Section 194LBA(2)

    Payment of the nature referred to in Section 10(23FC)(a)

    5

     Section 194LBA(2)

    Payment of the nature referred to in Section 10(23FC)(b)

    10

     Section 194LBA(3)

    Business trust shall deduct tax while distributing any income received from renting or leasing or letting out any real estate asset owned directly by it to its unit holders.

    40

     Section 194LBB

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

    40