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 | 20% | 15% |
| 4 | Investment income from Foreign Exchange Assets | 15% | 20% |
| 5 | Interest payable on moneys borrowed or debt incurred in Foreign Currency | NA | 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% |
Notes :
1 Surcharge @ 2% is applicable only in case of Non-Domestic Companies where payments exceed Rs. 1 cr.
2 Education cess @ 3% is applicable in all cases.
Interest on delay in deposit of tax after deduction
| Stage of deduction | Upto 30th June 2010 (Rate per month orpart 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% |
