Please refer the tax reckoner for details.
Additionally, please note that Section 206AA of the Income Tax Act (the Act) provides for tax deduction at source at the higher of the following rates, if the recipient of the income has not furnished their Permanent Account Number (PAN).
At the rate specified in the relevant provision of this Act
At the rate or rates in force
At the rate of 20%
To reduce the compliance burden of foreign companies and non-residents, the Finance Act, 2016 has relaxed the condition of obtaining a PAN by such foreign companies and non-residents, subject to the recipient foreign companies or non-residents (deductee) furnishing the following details:
name, email id, contact number;
address in the country or specified territory outside India of the home country of the non-resident;
a certificate of residence in any country or specified territory outside India from the government of that country or specified territory if the law of that country or specified territory provides for the issuance of such certificate i.e. Tax Residency Certificate (TRC); and
Tax Identification Number (TIN) of the non-resident in the country or specified territory of his residence and, in case no such number is available, a unique number on the basis of which the non-resident is identified by the government of that country or specified territory of which he claims to be a resident.
Furthermore, these details are required to be reported to the Indian tax authorities by HDFC Mutual Fund (for investments in our schemes) by way of including it in the withholding tax returns and stating ‘PAN not available’