Rate of Tax deduction from the payment of advisory and professional services under section 52AA for the FY 2022-23
Where any payment is to be made by a specified person to a resident on account of service as mentioned in this section, the person responsible for making the payment shall, at the time of making such payment, deduct income tax at the rate specified in the Table below:-
| Sl | Description of service and payment | Rate |
|---|---|---|
| 1 | Advisory or consultancy service | 10% |
| 2 | Professional service, technical services fee, or technical assistance fee | 10% |
| 3 | (i) Catering service; (ii) Cleaning service; (iii) Collection and recovery service; (iv) Private security service; (v) Manpower supply service; (vi) Creative media service; (vii) Public relations service; (viii) Event management service; (ix) Training, workshop, etc. organization and management service; (x) Courier service (xi) Packing and shifting service (xii) any other service of similar nature- (a) on commission or fee | 10% |
| (b) on gross bill amount | 2% | |
| 4 | Media buying agency service (a) on commission or fee (b) on gross bill amount | 10% 0.65% |
| 5 | Indenting commission | 8% |
| 6 | Meeting fees, training fees or honorarium | 10% |
| 7 | Mobile network operator, technical support service provider | 12% |
| 8 | Credit rating service | 10% |
| 9 | Motor garage or workshop | 8% |
| 10 | Private container port or dockyard service | 8% |
| 11 | Shipping agency commission | 8% |
| 12 | Stevedoring/berth operator /terminal operator/Ship handling operator – (c) on commission or fee (d) on gross bill amount | 10% 5% |
| 13 | (i) Transport service, carrying service, vehicle rental service, Repair and maintenance service; (ii) Any other service under any sharing economy platform including ride sharing service, coworking space providing service and accommodation providing service; | 5% |
| 14 | Wheeling charge for electricity transmission | 3% |
| 15 | Internet Service | 10% |
| 16 | Service delivery agents engaged in mobile financial services or channel partners of mobile financial services | 10% |
| 17 | Any other service which is not mentioned in Chapter VII of this Ordinance and is not a service provided by any bank, insurance, mobile financial services or financial institutions. | 10% |
