Updated TDS Rate Chart For Financial Year 2024-25 (AY 2025-26)
TDS, or Tax Deducted at Source, is a method introduced by the Income Tax Department of India to prevent tax evasion.
Updated TDS Rate Chart For Financial Year 2024-25 (AY 2025-26)
TDS, or Tax Deducted at Source, is a method introduced by the Income Tax Department of India to prevent tax evasion. It applies to various payments like contractor payments, salary, and commission. The Government sets the rates for TDS under the Income Tax Act. Our blog provides the latest TDS rate chart for the Financial Year 2024-25 and Assessment Year 2025-26 to help you calculate and pay TDS accurately.
TDS Rate Chart for FY 2024-25
|
Payment |
Threshold (Rs.) |
Individual/HUF Rate (%) |
Others Rate (%) |
|
Salaries |
2,50,000 (Slab Rates) |
As per Slab |
As per Slab |
|
Premature EPF Withdrawal |
50,000 |
10 |
10 |
|
Interest on Deposits |
40,000 (50,000 for Seniors) |
10 |
10 |
|
Interest by Others |
5,000 |
10 |
10 |
|
Lottery, Games Winnings |
10,000 |
30 |
30 |
|
Horse Race Winnings |
10,000 |
30 |
30 |
|
Contractor/Subcontractor Payment (Single) |
30,000 |
1 |
2 |
|
Contractor/Subcontractor Payment (Total) |
1,00,000 |
1 |
2 |
|
Rent (Land, Building, Furniture) |
2,40,000 |
10 |
10 |
|
Rent (Plant & Machinery) |
2,40,000 |
2 |
2 |
|
Property Sale (Except Agricultural Land) |
50,00,000 |
1 |
1 |
|
Professional Fees |
30,000 |
10 |
10 |
|
Mutual Fund Units Payment |
5,000 |
10 |
10 |
|
E-commerce Transactions |
5,00,000 |
1 |
1 |
|
Purchase of Goods (>50 Lakhs) |
50,00,000 |
0.1 |
0.1 |
|
Crypto/Virtual Asset Transactions |
- |
1 |
1 |
FAQs
Are companies required to deduct TDS?
Yes, companies must deduct TDS from salaries under section 192 of the Income Tax Act. If an employer pays wages to an employee exceeding a certain threshold, TDS must be deducted from the salary.
What are the TDS rates for contractors?
For payments made to individuals or Hindu Undivided Families (HUFs), the TDS rate for contractors is 1%. For others, it's 2%.
What does TDS rate on salary mean?
TDS rate on salary indicates that tax has been deducted by the employer when depositing the salary into the employee's account.
Also Read: New Guidelines for Cash Transactions
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Krishna Gopal Varshney
An editor at apnokacaKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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Krishna Gopal Varshney
An editor at Myitronline
Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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