TDS (Tax Deduction at Source) Rates for AY 2018-19 (FY 2017-18) for :
|Section||For Payment of Salary and Wages|
|192||Criterion of Deduction : |
TDS to be deducted if the estimated income of the employee is taxable. No tax is required to be deducted at source if the estimated total income of the employee is less than the minimum taxable income.
Please visit Income Tax, Surcharge and Education Cess for Applicable Income Tax, Surcharge and Health and Education Cess rates for payment of Salary and Wages to Non-Resident Indivduals.
|Select Status of the payee|
|Non Resident - if income/payment exceeds ₹50 Lakh but not exceeds ₹1 Crore||10%|
|Non Resident - if income/payment exceeds ₹1 Crore||15%|
|Foreign companies - if income/payment is between ₹1 Crore and 10 Crore||2%|
|Foreign companies - if income/payment is above ₹10 Crore||5%|
|Non-Resident Co-operative Society and Firms - if income/payment exceeds ₹1 crore||12%|
|Health & Education Cess||4% of (TDS/Tax + Surcharge)|
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).
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