Home » TDS » TDS Rate Chart for FY 2022-23[AY 2023-24]

TDS Rate Chart for FY 2022-23[AY 2023-24]

Latest TDS Rates for FY 2022-23 [AY 2023-24]

Here’s the latest TDS Rate Chart for the financial year 2022-23 & assessment year 2023-24. Rate of TDS, Section wise, with nature of payment and threshold limit in tabular format.

TDS Rate Chart applicable for Resident Individual & Company

SectionNature of PaymentOn the Basis of SlabIndividual & HUF
(TDS Rate%
(TDS Rate%)
192Life insurance policy –On Basis of Slab
192APremature withdrawal from EPF50,00010
193Interest on Securities10,0001010
194AInterest (Banks)10,0001010
194AInterest (Others)5,0001010
194BWinning from Lotteries10,0003030
194BBWinning from Horse Race10,0003030
194CContractor (Single Transaction)30,00012
194CContractor (aggregate during the f.y)100,00012
194DInsurance Commission (15G/ 15H allowed)15,000510
194DALife insurance Policy100,00011
194ENon-Resident Sportsmen or Sports Association –2020
194FRepurchase Units by MFs –2020
194GCommission – Lottery15,00055
194HCommission / Brokerage15,00055
194IRent of Land and Building – F&F2,40,0001010
194IRent of Plant / Machinery / Equipment2,40,00022
194IBRent by Individual / HUF (w.e.f 01.06.2017)50000 p.m5
194IATransfer of certain immovable property other than agriculture land5,000,00011
194JProfessional Fees / Technical Fees / etc.30,0001010
194JPayment to Call Centre Operator30,00022
194LACompensation on transfer of certain immovable property other than agricultural land250,0001010
194LBIncome by way of interest from infrastructure debt fund –55

Important TDS Rate List

Here is the summarized list of TDS rate charts applicable for the Financial Year (FY) 2022-23:

Please note that these rates are subject to change and you should always check with the latest notifications from the Income Tax department for the updated TDS rates.

Additionally, TDS rates may also be different for different categories of taxpayers.

You may also like to read:

About Shubham Anand

Shubham Anand, the founder of TaxWinner.in, is a Chartered accountant, law graduate and personal finance & technology enthusiast. He loves writing about taxes, personal finance, tax planning, the latest technology, and much more. With a passion for technology and the intricacies of personal finance, he believes that financial literacy is the ultimate life hack.

Leave a Reply