The TDS (Tax Deducted at Source) rates for FY 2023-24 (AY 2024-25) vary depending on the nature of income tax and whether the recipient has provided their PAN (Permanent Account Number) or not. Here’s a summary of the key changes and TDS rates for different sections:

General TDS Rates:

• No PAN: 20% flat (unless a lower rate is specified for specific sections)
• PAN provided:
  • Salary: 10% to 30% depending on income slab
  • Interest income: 10% (except interest from listed debentures which is now taxable)
  • Dividend: 10%
  • Rent: 10%
  • Professional fees: 10%
  • Commission or brokerage: 5%
  • Cash withdrawal exceeding Rs. 1 crore: 2%
  • E-commerce transactions: 1%
  • Purchase of goods exceeding Rs. 50 lakhs: 0.1%
  • Benefits or perquisites: 10%
  • Payment of certain amounts in cash to non-filers: 5%
  • Virtual Digital Assets (VDAs): 1%
  • Mutual funds (Non-residents): 20% (unless Tax Residency Certificate provided)
  • Online gaming winnings: 30%

New TDS Sections:

• Section 194R: TDS at 10% on perks and benefits income tax provided for business or profession.
• Section 194S: TDS at 1% on payment for transfer income tax  of virtual digital assets.
• Section 194SP: TDS at 1% on transfer of income tax virtual digital assets where payment is in kind or partly in cash.

Reduced TDS Rates:

• EPF withdrawal: 20% (reduced from 20.25%) for individuals without PAN.

Note: These are just the highlights. For complete details and specific situations, please refer to the official TDS provisions or consult a tax professional.