Tax Deducted at source rate for payment to NRI for Financial Year 2018-2019, Assessment Year 2019-2020 is as under:
| Nature of Payment | Section | Threashold | TDS Rate |
| Salaries | 192 | As per Slab | - |
| Premature withdrawal of EPF | 192A | 50,000 | 10% |
| Winning from Lotteries | 194B | 10,000 | 30% |
| Winning from Horse Race | 194BB | 10,000 | 30% |
| Non-Resident Sports Men or Sports Association | 194E | 20% | |
| National Saving Scheme | 194EE | 2,500 | 10% |
| Repurchase Units by MFs | 194F | 20% | |
| Commission - Lottery | 194G | 15,000 | 5% |
| Income from Infrastructure Debt Fund to Non resident | 194LB | 5% | |
| Income distribution by a Investment Fund received or receivable by it from a SPV | 194LBA(2) | 5% | |
| Income distribution by a Investment Fund received from renting or leasing or letting out any real estate asset. | 194LBA(3) | 30% | |
| Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]. | 194LBB | 30% | |
| Income distribution by a Securitisation Trust u/s 115TCA | 194LBC | 30% | |
| Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond) | 194LC | 5% | |
| Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor | 194LD | 5% | |
| Other Payment to Non Resident / Foreign Company | 195 | ||
| (a) Income from investment made by a Non-Resident Indian Citizen | 20% | ||
| (b) Long Term Capital Gain referred to in Section 115E | 10% | ||
| (c) Long Term Capital Gain referred to in Section 112(1)(c)(iii) | 10% | ||
| (d) LTCG referred to in Section 112A | 10% | ||
| (e) Short Term Capital Gain under Section 111A 15% |
15% | ||
| (f) Any other LTCG [not covered by Section 10(33), 10(36) and 10(38)] | 20% | ||
| (g) Interest Income on moneys borrowed or debt incurred in foreign currency (not being interest referred to in Sec. 194LB or 194LC or 194LD) | 20% | ||
| (h) Royalty for transfer of rights in respect of copyright in any book or computer software referred to in Section 115A(1A). | 10% | ||
| (i) Royalty [not of the nature referred to in (g) above] payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy. | 10% | ||
| (j) Fees for technical services payable in pursuance of an agreement approved by the Central Govt. / it is in accordance with industrial policy | 10% | ||
| (k) Any other income | 30% | ||
| Income from units (including long-term capital gain on transfer of such units) to an offshore fund | 196B | 10% | |
| Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) | 196C | 10% | |
| Income of Foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) | 194D | 20% |
Note : TDS Rates without PAN : 20% flat (if TDS rate is lower than 20%)
Surcharge and Health & Education cess on payments to Non-Resident and Foreign Companies
| Non Resident - if income/payment exceeds Rs. 50 Lakh but not exceeds Rs. 1 Crore | 10% |
| Non Resident - if income/payment exceeds Rs. 1 Crore | 15% |
| Foreign companies - if income/payment is between Rs.1 Crore and 10 Crore | 2% |
| Foreign companies - if income/payment is above Rs. 10 Crore | 5% |
| Non-Resident Co-operative Society and Firms - if income/payment exceeds Rs. 1 crore | 12% |
| Health & Education Cess | 4% of (TDS/Tax + Surcharge) |
Note:
1. TDS at higher rate of 20% or TDS rate, whichever is higher, has to be deducted if the deductee does not provide PAN to the deductor (section 206AA).
2. All persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain Tax Deduction or Tax Collection Account Number (TAN).
| Month of Deduction | Due date for Payment |
| April | 7th May |
| May | 7th June |
| June | 7th July |
| July | 7th August |
| August | 7th September |
| September | 7th October |
| October | 7th November |
| November | 7th December |
| December | 7th January |
| January | 7th February |
| February | 7th March |
| March | 30th April |
| TDS forms to be submitted | Type of Deductee |
| Form 24Q | Deductions made from salaried |
| Form 26Q | Deductions made from Non salaried people |
| Form 27Q | Deduction made from payment to NRI |
| Quarter Ending | Due date to file return by all deductors |
| 30th June | 31st July |
| 30th September | 31st October |
| 31st December | 31st January |
| 31st March | 31st May |
As per section 234E, where a person fails to file the TDS/TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS.
TDS/TCS return cannot be filed without payment of late filing fees as discussed
above. In other words, the late filing fees shall be deposited before filing the
TDS return. It should be noted that Rs. 200 per day is not penalty but it is a
late filing fee.
If the tax liability of the assessee is less than the TDS amount, the difference amount can be claimed at the time of filing income tax return. The extra amount will be refunded to the bank account of the assessee.
Income tax Rate in India FY 2018-19
NRI Payment TDS Rates FY 2018-19
Income Tax Rate FY 2017-18 India
TDS Rate FY 2017-18, AY 2018-2019
India Income Tax Rates FY 2016-17
Income Tax Exemptions for FY 2016-17
TDS Rates FY 2016-17 AY 2017-18