TDS on non-resident or foreign company

TDS on non-resident or foreign company during the financial year 2014-15

Nature of payment If recipient is non-resident non-corporate person If recipient is non-domestic company
Rs. 1 crore or less More than Rs. 1 crore Rs. 1 crore or less More than Rs. 1 crore but not more than Rs. 10 crore More than Rs. 10 crore
Sec. 192- Payment of salary [normal tax rates are applicable – SC : 10% (if net income exceeds Rs. 1 crore), EC : 2% and SHEC : 1%]
Sec. 194B– Winnings from lottery or crossword puzzle or card game or other game of any sort 30.9 33.99 30.9 31.518 32.445
Sec. 194BB– Winnings from horse races 30.9 33.99 30.9 31.518 32.445
Sec. 194E- Payment to a non-resident foreign citizen sportsman/entertainer or non-resident sports association 20.6 22.66 20.6 21.012 21.63
Sec. 194EE– Payment in respect of deposits under National Saving Scheme, 1987 20.6 22.66 NA NA NA
Sec. 194F– Re-purchase of units of MF or UTI 20.6 22.66 NA NA NA
Sec. 194G– Commission on sale of lottery tickets 10.3 11.33 10.3 10.506 10.815
Sec. 194LB– Payment/credit by way of interest by infrastructure debt fund 5.15 5.665 5.15 5.253 5.4075
Sec. 194LBA(2)– Payment of the nature referred to in section 10(23FC) by business trust to unit holders (applicable from October 1, 2014) 5.15 5.665 5.15 5.253 5.4075
Sec. 194LC– Payment/credit of interest by an Indian specified company on foreign currency approved loan/long-term infrastructure bonds (with effect from October 1, 2014, any bond) from outside India 5.15 5.665 5.15 5.253 5.4075
Sec. 194LD– Interest on a rupee denominated bond of an Indian company or Government security (from June 1, 2013) 5.15 5.665 5.15 5.253 5.4075
Sec. 195– Payment/credit of other sum to a non-resident —
Income of foreign exchange assets payable to an Indian citizen 20.6 22.66 NA NA NA
Income by way of long-term capital gains referred to in section 115Eor section 112(1)(c)(iii) 10.3 11.33 10.3 10.506 10.815
Short-term capital gains under section 111A 15.45 16.995 15.45 15.759 16.2225
Any other long-term capital gains [not being covered by section 10(33), 10(36)and10(38)] 20.6 22.66 20.6 21.012 21.63
Income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency (not being interest referred to in section 194LBor 194LC or 194LD) 20.6 22.66 20.6 21.012 21.63
Royalty [seeNote 1] 25.75 28.325 25.75 26.265 27.0375
Royalty [not being royalty of the nature referred to in supra] [seeNote 2] –
-where the agreement is made after March 31, 1961 but before April 1, 1976 30.9 33.99 51.5 52.53 54.075
-where the agreement is made on or after April 1, 1976 25.75 28.325 25.75 26.265 27.0375
fees for technical services [seeNote 3] –
-where the agreement is made after February 29, 1964 but before April 1, 1976 30.9 33.99 51.5 52.53 54.075
-where the agreement is made on or after April 1, 1976 25.75 28.325 25.75 26.265 27.0375
Any other income 30.9 33.99 41.20 42.024 43.26
Sec. 196B– Payment/credit of income from units (including long-term capital gains on transfer of such units) to an offshore fund 10.3 11.33 10.3 10.506 10.815
Sec. 196C– Payment/credit of interest of foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend referred to in section 115-O) 10.3 11.33 10.3 10.506 10.815
Sec. 196D– Payment/credit of income from securities (not being dividend, short-term or long-term capital gain) to Foreign Institutional Investors 20.6 22.66 20.6 21.012 21.63

Note :-

1.Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India.

2. Not being royalty of the nature referred to above, payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy.

3. Fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy.

TDS on non resident & foreign company.

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