A TDS rate chart is a table that shows the tax rates for different types of payments along with the related sections and exemption limits. These rates change based on the nature of the payment, the person receiving it, and the total amount in a financial year. Average rate of Tax + Health & Education Cess (Surcharge if Salary > 50 Lacs) TDS as per Tax Regime selected by employee. If not selected, TDS deduction as per New Regime. Senior citizen : Rs. 50,000 p.a. Others : Rs. 40,000 p.a. Revised TDS rates and limits for specific categories of payments to simplify compliance and reduce the tax burden. Revised TDS Rate Chart from 1st April 2025 New Income Tax Slabs for FY 2025-26 (AY 2026-27) The income tax slab system in India ensures progressive taxation, where individuals with higher incomes pay higher tax rates. TDS & TCS RATE CHART Financial Year: 2024-25 / Assessment Year: 2025-26 Updated on 26.09.2024 R
