TDS Deductions for ETF's

TDS & TCS TDS Rates
1

HI, I would like to understand the TDS charges on the ETF’s.
As per this article from ICICI, NRI Account: 3in1 NRI Demat, Trading & Savings Account - ICICI Direct, if we hold the ETF’s for long term, TDS would be applicable at 23.92% while the other competing company “Zerodha” has TDS charges at 11.96% as per this article How does Zerodha deduct TDS for NRI NON-PIS accounts?

That is a huge difference in terms of TDS charges when I compare with other competing brokerage companies like Zerodha.

TDS is ideally deducted by the government and not be specific to any agency right

I am trying to understand why there would be this much difference.

Can someone please help on this topic.

Thanks,

2

ETF (Exchange Traded Fund) TDS (Tax Deducted at Source) deduction is applicable when dividends are distributed to investors. Under Indian tax laws, dividends from ETFs are subject to a 10% withholding tax for residents and a higher rate for non-residents, unless reduced under a tax treaty. Investors can claim the withholding tax credited while filing their tax returns.