There is no fixed rate for the deduction of TDS in India. It depends on the amount of payment being made and the type of payment. The exact rates for TDS deductions for different types of payments are mentioned in Sections 192, 193, and 194 of the Income Tax Act.
For example, a 10% TDS can be deducted from an employee’s salary if his or her annual salary is more than ₹2.5 lakhs. Similarly, a 10% TDS can be deducted on interest payments, a 30% TDS can be deducted from winnings from lotteries, crossword puzzles, card games, horse races, etc., and a 5% TDS can be deducted from insurance commission payments.