Indian Income Tax

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Exemption From TDS India

Circumstances in which tax is not to be deducted at source or is to be deducted at a lower rate :

S.NoType of IncomeForm No in which application to be madeCertificate to be issued by the Assessing OfficerPeriod of validity
1.Salary (sec192)Form No 13 (see rule 28)Form No 15AA (see rule 28AA). The certificate is issued to the deductor under advice to the applicant Valid for the period specified in the certificate (see Rule 28AA) Fresh application required after expiry of validity period.
2.Interest on securities (Section 193)-do--do--do-
3.Interest other than interest on Securities (Section 194A)-do- -do--do-
4.Insurance Commission (Section 194D)-do--do--do-
5.Rental Income (Section 194I)-do--do--do-
6.Income in respect of Units (Section 194K)-do--do- -do-
7.Payment to non-residents (Section 195)-do--do--do-
8.Payment to Contractors or Sub-Contractors (Section (194)Form No.13C
(See Rule 28)
No prescribed form. The certificate can be issued by the Assessing Officer on a plain paperFor the relevant FY.
9.Commission on sale of lottery tickets (sec 194G)Form No 13D (applies to lottery agents and not prize winners)-do--do-
10.Payment of fees for professional or technical services (sec 194J) Form No 13E-do--do-
11.Payment to non-resident banking company (sec 195(3))Form No 15C (see rule 29B)Form No 15EFor the FY specified in the certificate
12.Payment to non-resident company carrying on business or profession in India through a branch (not being interest or dividend)-sec 195(3)Form No 15D (see rule 29B)-do-For the relevant FY

Types of income/payment where the above benefit is not available under the Act:

  1. Winning from Lottery or Crossword puzzles Section 194B
  2. Winning from horse race Section 194BB
  3. Payments to non-resident Sportsmen or Association Section 194E
  4. Payments in respect of NSS deposits Section 194EE
  5. Payments on account of repurchase of units issued by Mutual funds Section 194F
  6. Income in respect of units of non-residents, Off-shore Funds;foreign currency bonds; (FIIs) Section 196A,196B, 196C & 196D
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