Comprehensive Guide to TDS on Interest, Rent, and Other Payments#
TDS on Interest#
Section 194A - Interest Other Than 'Interest on Securities'#
| Payer | Threshold |
|---|---|
| Banks | Rs 40,000 |
| Others | Rs 5,000 |
| Senior Citizens | Rs 50,000 |
Rate: 10%
Section 194EE - NRI Deposits#
Rate: 20%
TDS on Rent#
Section 393 - Rent#
| Type | Rate |
|---|---|
| Land/Building | 2% |
| Machinery/Equipment | 10% |
Threshold: Rs 2,40,000/year
Section 194IB - Rent by Individuals#
Rate: 5% Threshold: Rs 50,000/month
TDS on Professional Fees#
Section 393 - Professional Fees#
Rate: 10% (2% for technical services)
Threshold: Rs 30,000 per person
TDS on Contract#
Section 393 - Payment to Contractors#
| Type | Rate |
|---|---|
| Individual/HUF | 1% |
| Others | 2% |
Threshold: Rs 30,000 per contract
Compliance#
- Deduct TDS on payment
- Pay to government by 7th
- Issue TDS certificate
- File quarterly returns