TDS rates for Financial Year 17-18 under Sec 195 for Payments to a Non Resident

195

Payment of any other sum to a non-resident          i.            Income from investment by a non-resident Indian citizen        ii.            income from long-term capital gains referred to u/s 115e in case of a non-resident Indian citizen       iii.            Income from long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112      iv.            Income from short-term capital gains referred to u/s 111A        v.            Any other income by way of long-term capital gains      vi.            Interest income payable by Government/ Indian concern on moneys borrowed/debt incurred by Government/Indian concern in foreign currency (excluding interest income u/s 194LB or Section 194LC)     vii.            Royalty income payable by Government/Indian concern where such royalty is in consideration for the transfer of all or any rights 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 ·         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   viii.            Other royalty income payable by Government/Indian concern in pursuance of an agreement made by it with the Government/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      ix.            Fee for technical services payable by Government/ Indian concern in pursuance of an agreement made by it with the Government/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        x.            Any other income

20 10 10 15 20 20 10 10 10 30

10 15 20 20 40

TDS Rates for Financial Year 2017-18

TDS Rates Applicable for Assessment Year 2018-19 (Financial Year 2017-18) Other Than Non Resident under Sec 195 

Section	Nature of Payment	TDS Rates (in %)
		Resident Individual	Non Resident Individual	Domestic Company	Foreign Company
192	Payment of salary	Normal Slab Rate	Normal Slab Rate
192A	Payment of accumulated PF taxable in the hands of an employee.	10	10
193	Interest on securities	10		10
194	Dividend other than the dividend as referred to u/s 115-O	10		10
194A	Interest income other than "Interest on securities"	10		10
194B & 194BB	Income by way of winnings from lotteries and any other games & income from horse race	30	30	30	30
194C	Payment to contractor/sub-contractor          i.            HUF/Individuals        ii.            Others	1 2		1 2
194D	Insurance commission	5		10
194DA	Payment for life insurance policy	1		1
194E	Payment to non-resident sportsman/sports association		20		20
194EE	Payment for deposit under National Savings Scheme	10	10	10
194F	Payment on account of repurchase of unit by Mutual Fund or UTI	20	20	20
194G	Commission on sale of lottery tickets	5	5	5	5
194H	Commission or brokerage	5		5
194-I	Rent          i.            Plant & Machinery        ii.            Land or building or furniture or fitting	2 10		2 10
194-IA	Payment for immovable property other than agriculture land	1		1
194-IB	Payment of rent by Individual or HUF who is not subjected to Tax audit *Applicable from June 1, 2017	5
194J	Any sum paid by way of professional services, royalty or technical fee, commission, non compete fee, patent copyright etc *From June 1, 2017 the rate of TDS would be 2% in case of payee is call centre operator.	10		10
194LA	Payment of compensation on acquisition of certain immovable property *From April 1, 2017, no TDS on any payment which is exempt from tax under Income Tax under Right to Fair Compensation Act, 2013.	10		10
194LB	Payment of interest on Infrastructure Debt Fund		5		5
194LBA	On distributing Rental income to Unit Holders by SPV			10
194LBA(2)	On distributing Interest income to Unit Holders by SPV				5
194LBA(3)	Income of renting or leasing by real estate to its unit holders				40
194LBA; 194LBB	On payment by business trust to its member or to unit holders	10	30	10	40
194LBC	Income from investment by trust as per Sec 115TCA - Individuals/ HUf - Others	25 30	30	10	40
194LC	Payment of interest by company on foreign currency borrowing		5		5
	Any other payment whatever name called	10		10