TDS Rates for Non-Residents u/s 195 of Income Tax Act, 1961
|
Nature of Payment |
Co. |
Others |
| 1. |
Long Term Capital Gains u/s 115E |
NA |
10% |
| 2. |
Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38)) |
20% |
20% |
| 3. |
Short Term Capital Gains u/s. 111A |
15% |
15% |
| 4. |
Investment income from Foreign Exchange Assets |
NA |
20% |
| 5. |
Interest payable on moneys borrowed or debt incurred in Foreign Currency |
20% |
20% |
| 6. |
Royalty & Fees for technical services u/s. 115A
- Agreement 1st June, 1997 to 31st May, 2005
- Agreement on or after 1st June 2005
|
20%
10% |
20%
10% |
| 7. |
Winnings from Lotteries, Crossword Puzzles and Horse Races |
30% |
30% |
| 8. |
Any Other Income |
40% |
30% |
Surcharge & Education Cess
| Type of Payment |
Surcharge |
Rate |
Education Cess (4.00%) |
| Payment to Non-Residents (other than Cos) |
Upto 1cr |
Nil |
Yes |
| > 1 Crore |
15% |
Payments to Foreign Co.
|
Upto 1cr |
Nil |
Yes |
| > 1 Crore |
2% |
| > 10 Crores |
5% |
Interest on delay in deposit of tax after deduction
| Stage of deduction |
Upto 30th June 2010 (Rate per month or part of the month) |
From 1st July 2010(Rate per month or part of the month) |
|
From date when deductible till actual deduction
|
1% |
1% |
|
From date of deduction till payment
|
1% |
1.5% |
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