TDS Rate Chart for F.Y. 2020-21 (A.Y: 2021-22) |
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Section |
Nature of payment |
Threshold Limit |
Applicable from 01/04/2020 to 13/05/2020 |
Applicable from 14/05/2020 to 31/03/2021 |
||
|
Resident |
Non-resident * |
Resident |
Non-resident * |
||
|
Rs. |
TDS Rate (%) |
TDS Rate (%) |
TDS Rate (%) |
TDS Rate (%) |
|
192 |
Salaries |
- |
Normal slab rate |
Normal slab rate |
Normal slab rate |
Normal slab rate |
192A |
Premature withdrawal from EPF |
50000 |
10 |
10 |
10 |
10 |
193 |
Interest on securities - 8% Savings (Taxable) Bonds, 2003 or 7.75%
Savings (Taxable) Bonds, 2018 during the financial year |
10000 |
10 |
- |
7.5 |
- |
193 |
Interest on securities - Interest on securities for money issued by
or on behalf of any local authority/statutory corporation, listed debentures
of a company(other than demat form), any other interest on securities |
5000 |
10 |
- |
7.5 |
- |
194 |
Dividends |
5000 |
10 |
- |
7.5 |
- |
194A |
Interest (Banking co., co-operative society engaged in banking, post
office) |
40000 |
10 |
- |
7.5 |
- |
194A |
Interest (Any other person) |
5000 |
10 |
- |
7.5 |
- |
194B |
Winning from lotteries |
10000 |
30 |
30 |
30 |
30 |
194BB |
Winning from Horse race |
10000 |
30 |
30 |
30 |
30 |
194C |
Contractor-Single |
30000 |
|
|
|
|
|
transaction-Individual/HUF |
|
1 |
- |
0.75 |
- |
|
-Others |
|
2 |
- |
1.5 |
- |
194C |
Contractor – Consolidated Payment During the F.Y. |
100000 |
|
|
|
|
|
- Individual/HUF |
|
|
|
|
|
|
- Others |
|
1 |
- |
0.75 |
- |
|
|
|
2 |
- |
1.5 |
- |
194D |
Insurance commission |
15000 |
|
|
|
|
|
- Other than Company |
|
5 |
- |
3.75 |
- |
|
- Company |
|
10 |
- |
10 |
- |
194DA |
Maturity of Life insurance policy |
100000 |
5 |
- |
3.75 |
- |
194E |
Non-resident sportsmen or sports association |
- |
- |
20 |
- |
20 |
194EE |
NSS |
2500 |
10 |
10 |
7.5 |
10 |
194F |
Repurchase units by MFs |
- |
20 |
20 |
15 |
20 |
194G |
Commission-Lottery |
15000 |
5 |
5 |
3.75 |
5 |
194H |
Commission/Brokerage |
15000 |
5 |
- |
3.75 |
- |
194I |
Rent of - Plant/Machinery /Equipment |
240000 |
2 |
- |
1.5 |
- |
|
- Land and Building/Furniture & Fixture |
|
10 |
- |
7.5 |
- |
194IA |
Transfer of certain immovable property other than agriculture land |
50 lakh |
1 |
- |
0.75 |
- |
194IB |
Rent by Individual/HUF |
50000 per month |
5 |
- |
3.75 |
- |
194IC |
Payment under Joint Development Agreements to
Individual/HUF |
- |
10 |
- |
7.5 |
- |
194J |
Professional Fees |
30000 |
10 |
- |
7.5 |
- |
194J |
Technical Fees (w.e.f. 01.04.2020) |
30000 |
2 |
- |
1.5 |
- |
194J |
Payment to call centre operator (w.e.f. 01.06.2017) |
30000 |
2 |
- |
1.5 |
- |
194J |
Director's fees |
- |
10 |
- |
7.5 |
- |
194K |
Payment of any income in respect of |
5000 |
10 |
- |
7.5 |
- |
|
(a) units of a mutual fund as per section 10(23D); or |
|
|
|
|
|
|
(b) the units from the administrator; or |
|
|
|
|
|
|
(c) units from specified company |
|
|
|
|
|
|
(w.e.f. 01.04.2020) |
|
|
|
|
|
194LA |
Compensation on transfer of certain immovable property other than
agriculture land |
250000 |
10 |
- |
7.5 |
- |
|
(TDS exempted if covered under RFCTLARR Act w.e.f. 01.04.2017) |
|
|
|
|
|
194LB |
Income by way of interest from infrastructure debt fund |
- |
- |
5 |
- |
5 |
194LBA |
Income from units of business trust |
- |
|
|
|
|
|
- interest received or receivable from a special purpose vehicle; or |
|
10 |
5 |
7.5 |
5 |
|
- dividend referred to in sub-section (7) of section 115-O |
|
|
|
|
|
|
|
|
10 |
10 |
7.5 |
10 |
194LBA |
Distribution of rental income to unit holders |
- |
|
|
|
|
|
- Other than Comapany |
|
|
|
|
|
|
- Company |
|
10 |
30 |
7.5 |
30 |
|
|
|
10 |
40 |
7.5 |
40 |
194LBB |
Income in respect of units of investment fund |
- |
|
|
|
|
|
- Other than Company |
|
|
|
|
|
|
- Company |
|
10 |
30 |
7.5 |
30 |
|
|
|
10 |
40 |
7.5 |
40 |
194LBC |
Income in respect of investment in securitization fund |
- |
|
|
|
|
|
- Individual/HUF |
|
|
|
|
|
|
- Company |
|
25 |
30 |
18.75 |
30 |
|
- Other Person |
|
30 |
40 |
22.5 |
40 |
|
|
|
30 |
30 |
22.5 |
30 |
194LC |
Income by way of interest by an Indian specified company to a
non-resident/foreign company on foreign currency approved loan / long-term
infrastructure bonds from outside India |
- |
- |
5 |
- |
5 |
194LC |
Income by way of interest by an Indian specified company on rupee
denominated bond / any long-term bonds from outside India, which is listed
only on a recognized stock exchange located in any International Financial
Services Centre |
- |
- |
4 |
- |
4 |
194LD |
Interest on certain bonds from Govt. securities |
- |
- |
5 |
- |
5 |
194M |
Certain payments by Individual/HUF |
50 lakh |
5 |
- |
3.75 |
- |
194N |
Payment of certain amount in cash |
1 Crore |
2 |
2 |
2 |
2 |
194N |
Payment of certain amount in cash (first proviso of section 194N)if- |
|
|
|
|
|
|
- Amount is more than Rs.20 lakh but up to Rs. 1 crore |
|
|
|
|
|
|
- Amount exceeds Rs. 1 crore (Applicable from 01.07.2020) |
|
N.A. |
N.A. |
2 |
2 |
|
|
|
|
|
|
|
|
|
|
N.A. |
N.A. |
5 |
5 |
194-O |
Applicable for e-commerce operator for the sale of goods or provision
of services facilitated by it through its digital or electronic facility or
platform (Applicable from 01.10.2020) |
- |
N.A |
- |
0.75 |
- |
195 |
Income of Investment made by an NRI |
- |
- |
20 |
- |
20 |
195 |
Long-term capital gain |
- |
|
|
|
|
|
- Under Section - 115E/ |
|
|
|
|
|
|
112(1)(c)(iii)/112A |
|
- |
10 |
- |
10 |
|
- Any Other Gains |
|
- |
20 |
- |
20 |
195 |
Short-term capital gain - 111A |
- |
- |
15 |
- |
15 |
195 |
Royalty |
- |
- |
10 |
- |
10 |
195 |
Fees for technical services |
- |
- |
10 |
- |
10 |
195 |
Interest income payable by Govt./Indian concern (other than section
194LB or 194LC) |
- |
- |
20 |
- |
20 |
195 |
Any Other Income - Other than Company |
- |
- |
30 |
- |
30 |
|
-
Company |
|
|
|
|
|
|
|
|
- |
40 |
- |
40 |
196A |
Income in respect – |
- |
- |
20 |
- |
20 |
|
- of units of a Mutual Fund specified under clause (23D) of section
10; or |
|
|
|
|
|
|
- from the specified company referred to in the Explanation to clause
(35) of section 10 |
|
|
|
|
|
196B |
Income from units to an offshore fund |
- |
- |
10 |
- |
10 |
196C |
Income from foreign currency bonds or GDR of an Indian company |
- |
- |
10 |
- |
10 |
196D |
Income of foreign Institutional Investors from securities (not being
dividend or capital gain) |
- |
- |
20 |
- |
20 |
* TDS rate shall be increased by applicable surcharge and Health
& Education Cess. |
||||||
Note: In case of non-furnishing of PAN/Aadhaar by deductee, TDS
will be charged at normal rate or 20% (5% in case of section 194-O),
whichever is higher. |
Firstly accountant is liable to safe your income of all external The primary task of accountants, which extends to all the others, is to prepare and examine financial records. They make sure that records are accurate and that taxes are paid properly and on time Accountants and auditors perform overviews of the financial operations of a business in order to help it run efficiently
Friday, June 12, 2020
TDS rate Revised for May 15th, 2020 to March 31st, 2021
Rates for tax deduction at source
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