TDS Rate Changes in 2024
Know 8 Changes in TDS from 1 October 2024
TDS stands for Tax Deducted at Source. Tax deduction at source (TDS) means collecting tax on income in the form of salary, rent, asset sales, dividends, etc., by requiring the payer to collect income tax due on such income while crediting/paying to the payee and deposit the same to the government on payee’s behalf. Below you’ll find the TDS rate chart, which summarises all the TDS provisions of the Income Tax Act.
Proposed Changes in Various TDS Rate
| TDS SECTION | RATES TILL SEP 24 | RATES FORM OCT 24 |
| SECTION 194D | 5% | 2% EFFECT FORM 01-04-2025 |
| SECTION 194DA | 5% | 2% |
| SECTION 194G | 5% | 2% |
| SECTION 194H | 5% | 2% |
| SECTION 194-IB | 5% | 2% |
| SECTION 194M | 5% | 2% |
| SECTION 194-O | 1% | 0.1% |
| SECTION 194F | 20% | Omission |
