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TDS Rate Chart for FY 2024-25 (AY 2025-26)

TDS is a convenient and cost-effective way to collect and pay income tax. Instead of holding the tax person responsible for the submission of tax, TDS allows the income provider to deduct the tax amount before the income is actually paid. This deducted amount is later submitted to the tax authorities by the deductor ensuring compliance on the tax person’s behalf.

TDS is deducted at a certain rate defined by the Government. This rate is not always fixed. The government revises it quite often to suit the needs of Indian taxpayers. In times of crisis, TDS rates can even be raised to increase tax collection of the Government. So, it's necessary to keep checking the latest TDS rates as per the TDS rate chart before making the tax payment.

BRIEF SUMMARY

What is TDS?

TDS is a way to collect income tax, where the taxpayer pays the tax amount at the source of income itself. The deductor collects the tax amount and deposits it to the tax authorities on behalf of the taxpayer, saving his time, effort, and expenses, otherwise spent in meeting tax compliance under several tax laws. 

Who is Required to Pay TDS?

Taxpersons who receive their income as salary, rent, interest, dividend, sale of assets, prizes, contract payment, and so on have to pay TDS. Their TDS is deducted from the source of income itself. The rates of deduction depend on the type of taxpayer and the nature of income. Here’s a comprehensive TDS rate chard for AY 2025-26 with updated TDS rates applicable in Financial Year 2024-25.

TDS Rate Chart for FY 2024-25 (AY 2025-26)

S.No. Type of Income Income Limit TDS Rate (with PAN) TDS Rate (without PAN)
1.
Payments to Contractors and Subcontractors, Advertising
Single payment > Rs. 30,000 or Aggregate > Rs. 1,00,000
1% (Individual/HUF) 2% (Others)
5% (Individual/HUF) 20% (Others)
2.

Rent on Land, Building, Furniture & Fittings

Rs. 2,40,000 per year
10%
20%
3.

Rent on Plant & Machinery

Rs. 2,40,000 per year
2%
20%
4.

Professional/Technical Fees
Rs. 30,000
10%
20%
5.
Commission/Brokerage (other than lottery)
Rs. 15,000
5%
20%
6.
Payments for the purchase of goods
Rs. 50,00,000
0.1%
5%

7.
Salary
As per income tax slabs
Slab Rates
Slab Rates

8.

Premature PF withdrawal
Rs. 50,000
10%

20%

9.
Interest on Securities
Bonds - 10,000 Other Securities - No Limit
10%
20%

10.
Dividends
Rs. 5000
10%
20%

11.
Interest (other than on securities)
Rs. 40,000
Rs. 50,000 for senior citizens
Rs. 5,000 from friends/relatives
10%
20%

12.

Prizes from lottery, games, etc.
Rs. 10,000
30%
30%

13.

Income from online games
Nil
30%
30%

14. 

Prizes from horse races
Rs. 10,000
30%
30%

15.
Insurance Commission
Rs. 20,000
Individuals - 5% Companies - 10%
20%

16.
Payment to non-resident sportsmen/sports association
No threshold
20%
20%

17.
Payments in respect of deposits under NSS
Rs. 2500
10%
20%

18.

Payment for the repurchase of the unit by Unit Trust of India (UTI) or a Mutual Fund
No threshold
20%
20%

19.
Commission/brokerage on lotteries
Rs. 15,000
5%
20%

20.
Sale of Immovable Property
Rs. 50,00,000
1%
20%

21.

Rent payment that is made by an individual or HUF not covered under payment 194I (No Business/No Audit Cases)
50,000 per month
5%
20%

22.

Payment under Joint Development Agreements (JDA) to Individual/HUF
No threshold
10%
20%

23.
Payment of dividends by mutual Funds
Rs. 5000
10%
20%

24.

Compensation on acquisition of certain immovable property
Rs. 2,50,000
10%
20%

25.

Certain payments by Individuals/HUF where they are not liable to deduct TDS under Sections 194C, 194H, and 194J
Rs. 50,00,000
5%
20%

26

In case cash withdrawal over a certain amount takes place from the bank
ITR Filers - Rs. 1 Crore ITR Non-Filers - Rs. 20,00,000
2%
20%

27.

Amount paid for the sale of products/services by e-commerce service providers via their digital platform
Rs. 5,00,000
1%
5%

28.

Benefits/perquisites from business or profession
Rs. 20,000
10%
20%

29.

Payment for transfer of Virtual Digital Assets
Rs. 10,000 (specified person)
Rs. 50,000 (others)
1%
1%

Timely TDS payment is important for Income Tax Compliance in India. The rates of TDS depend on the type of income and the category of taxpayer. They range between 1% to 30% as mentioned in the TDS rate chart FY 24-25 above. Essential documents required for TDS payment include the PAN of the taxpayer. Or any assistance consult our tax professionals. We’ll guide you through the entire payment and compliance process.

Conclusion

FAQ

Q1: Who is liable to pay TDS?

Liability of TDS Payment lies with taxpayers. However, the collection and deposition of these taxes is the responsibility of the deductor.

Q2: Where can I download TDS rate chart 2024-25 PDF?

You can download the TDS chart for FY 2024-25 PDF by clicking on the “Download” button above. This will be helpful for future reference.

Q3: What is the TDS rate for salaried persons as per the TDS rate chart for FY 2024-25?

The TDS rates on a salaried person according to TDS chart FY 2024-25 is the same as the income tax slab rates decided by the government. It ranges between 5% to 30%.

Q4: What is the TDS rate on house rent as per TDS chart FY 2024-25?

The TDS rate on home rent as per TDS chart for FY 24-25 is 10% in the absence of a PAN card and 20% otherwise, if the annual income exceeds the limit of Rs.2,40,000.

Q5: If I withdraw my PF before maturity, will I have to pay TDS?

Yes, as per the TDS rate chart FY 2024-25, you will have to pay TDS during the premature withdrawal of TDS. The prescribed rate is 10% with PAN and 20% without PAN if the withdrawal limit exceeds Rs.50,000.

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