What are the rates of withholding tax?

Rates of Withholding Tax

Current rates for withholding tax for payment to non-residents are:
(i) Interest 20%

(ii) Dividends Dividends paid by domestic companies: Nil

(iii) Royalties 10%

(iv) Technical Services 10%

(v) Any other services Individuals: 30% of the income

Companies: 40% of the net income

The above rates are general and are applicable in respect of countries with which India does not have a Double Taxation Avoidance Agreement (DTAA).