TDS RATES FOR N.R.I U/S 195
| TDS Rates for Non-Residents u/s 195 of Income Tax Act, 1961 | |||
|---|---|---|---|
| Sr. No. | 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 (3.00%) |
| Payment to Non-Residents (other than Cos) | Upto 1cr | Nill | Yes |
| > 1 Crore | 15% | ||
| Payments to Foreign Co. | Upto 1cr | Nill | Yes |
| > 1 Crore | 2% | ||
| > 10 Crores | 5% | ||
| Interest on delay in deposit of tax after deduction | |||
|---|---|---|---|
| Stage of deduction | Upto 30th June 2010 (Rate permonth 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% | 15% | |