TDS RATES FOR NRIs

SOURCES OF INCOME

RATE OF TDS

Where the person is NRI

(A)

On income by way of long-term capital gains on transfer of equity shares or unit of equity oriented Mutual Fund, where the transaction is subject to securities transaction tax.

Exempt upto Rs. 1.25 Lakh. Thereafter TDS @ 12.50%.

(B)

On income by way of long-term capital gains on transfer of notified bonds of Indian Companies or bonds of public or Global Depository receipts.

12.50%

(C)

On income by way of short-term capital gains on transfer of equity shares or units of equity oriented Mutual Fund, where the transaction is subject to securities transaction tax.

20%

(D)

On any other income by way of long-term capital gains

20%

(E)

On income by way of interest payable by Govt. or an Indian Concern on moneys borrowed or debt incurred by them in foreign currency

20%

(F)

On income by way of winning from lotteries, crossword puzzles, card games and other games of any sort

30%

(G)

On income by way of winning from horse races

30%

(H)

On income by way of Royalty or Fees for Technical services, in pursuance of an agreement with Government or an agreement with an Indian concern on or after 01.04.1976 to a non-corporate non-resident or a foreign company (w.e.f. 01/04/2014)

 20%

(I)

On whole of the other income

30%

(J)

On any Investment Income  

20%

Note:                                                                                                                                                             
1.) If NRI does not provide correct Permanent Account Number(PAN)  TDS would be deducted at the rate 20% or at the rate specified whichever is higher.                                                                                
2.) For availing the benefit of Double Tax Avoidance Agreement(DTAA), beneficiary of Double Tax Treaty is require to submit Tax Residency Certificate issued by Government of NRI's residence.
3.) 4% Health and Education Cess  is payable on tax and surcharge.