Article covers Exhaustive TDS Rate Chart along with the threshold limit for the financial Year 2019-20 / Assessment Year 2020-21 after considering Amendment in TDS law proposed by Union Budget 2019.   

Readers are requested to note that Chart is been further updated to remove Discrepancies in Section 194I. (At 13.00 PM)

Relevant Section Nature of Payment Threshold Limit TDS Rates
192 Salary As per the income tax slab As per the income tax slab
192A Premature withdrawal from Employees’ Provident Fund (EPF) INR 50,000 10%
193 Interest on Securities INR 10,000 10%
Interest on debentures INR 5,000 10%
194 Dividends (other than listed companies) _ 10%
 

 

 

 

194A

Interest (other than interest on securities) paid by a banking company, co-operative society or post office. INR 40,000 10%
Interest (other than interest on securities) paid by a banking company, co-operative society or post office to senior citizens. INR 50,000 10%
Interest (other than interest on securities) any other case. INR 5,000 10%
194B Winning from lottery or crossword puzzle INR 10,000 30%
194BB Winning from horse race INR 10,000 30%
194C Payments to contractors Single Transaction – INR 30,000 1% in case of Individual / HUF
Aggregate amount during the Financial Year – INR 1,00,000 2% Any other
194D Insurance Commission INR 15,000 5% in case of Individual / HUF 10% Any other
194DA Payment in respect of the life insurance policy INR 1,00,000 1% (5% with effect from 1st September 2019)
194E Payment to non-resident sportsmen / sports associations _ 20%
194EE Payment in respect of the deposits under NSS – National Savings Scheme INR 2,500 10%
194F Payment on account of repurchase of the units by Mutual Funds / Unit Trust of India _ 20%
194G Commission on sale of lottery tickets INR 15,000 5%
194H Commission / brokerage INR 15,000 5%
194-I Rent INR 2,40,000 2% Plant & Machinery
10% in case of Land or building or furniture or fitting
194-IA Payment on transfer of immovable property (other than agricultural land) INR 50,00,000 1%
194-IB Payment of rent by individual or HUF INR 50,000 per month 5%
194J Fees for professional or technical services INR 30,000 2% in case the payee is engaged in a business of the operation of call centre only.

10% in any other case.

194LA Payment of compensation on acquisition of certain immovable property INR 2,50,000 10%
194LB Income by way of interest from the infrastructure debt fund _ 5%
194LBA Certain income from the units of a business trust to its unit holder _ 10% – In case of a Resident

5% – in case of a Non-resident [income referred in section 10 (23FC) (a)]

30% – in case of a Non-resident [income referred in section 10 (23FCA)]

194LBB Income in respect of the units of investment funds _ 10% – in case of resident

30% – in case of non-resident

194LBC Income in respect of the investment in securitization trust _ 25% – in case of individual / HUF

30% – in any other case

194LC Interest from the Indian Company paid to non-resident or to a foreign company _ 5%
194LD Interest on certain types of bonds and Government securities _ 5%
194M Effective from 1st September 2019 –

Individual or HUF responsible for paying any resident for carrying out any work in pursuance of a contract or by way of fees for professional services during a financial year.

INR 50,00,000 5%
194N Effective from 1st September 2019 –

Banking company or a co-operative society or post office paying any sum in cash in excess of INR 1 Crore to any person from an account maintained by the recipient.

INR 1 Crore 2%
195 Income out of investments made by a Non-resident Indian (NRI) _ 20%
Income from LTCG (Long Term Capital Gain) referred to under section 193 (1) (c) (iii) _ 10%
Income from LTCG referred under section 115E for the NRI _ 10%
Any other LTCG [except capital gain referred in section 10 (33), section 10 (36) and section 10 (38)] _ 20%
Income from STCG (Short Term Capital Gain) under section 111A _ 15%
Interest income from money borrowed in the foreign currency _ 20%
Income in the form of royalty payable by Government or an Indian Concern _ 10%
Any other income in the form of royalty _ 10%
Income in the form of fees for technical services payable by the Government or an Indian Concern _ 10%
Any other income _ 30%

Also Read-

Particulars
TCS – Tax Collection at Source – A Complete Guide
Section 192 – TDS on Salary
Section 192A – TDS on Premature withdrawal from EPF
Section 193: TDS on Interest on Securities
Section 194 – TDS on dividend
Section 194A: TDS on interest other than interest on securities
Section 194B and Section 194BB – TDS
Section 194C – TDS on Contractors
Section 194D – TDS on insurance commission
Section 194DA – TDS in respect of Life Insurance Policy
Section 194E – TDS on payment to Non-resident Sportsmen or Sports Association
TDS under Section 194EE and Section 194F
Section 194G TDS on Commission on Sale of Lottery Tickets
Section 194H – TDS on Commission or Brokerage
Section 194I of Income Tax Act, 1961 – TDS on Rent
Section 194IA TDS on transfer of immovable property
Section 194IB – TDS on Rent paid by Individual / HUF
Section 194LA: Payment of Compensation on acquisition of certain immovable property
TDS under Section 194LB, 194LBA, 194LBB and 194LBC
Section 194LC: TDS on income by way of interest from an Indian Company or a business trust
Section 194LD TDS on income by way of interest on certain bonds and Government Securities
Section 194J TDS on Fees for Professional or Technical Services
Section 194N – TDS on Cash Withdrawals
Section 194M: TDS on Payment of certain sum by certain Individual / HUF
Section 195 TDS on payment of any other sum to a non-resident

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14 Comments

  1. ANAND KUMAR GOENKA says:

    pls mail me TCS on timber other than forest lease 6ccin details who is liable to collect tcs on sales.if any assees file it return under 44ad tcs on timber 6cc is applicable

  2. kumar says:

    TDS Rate Chart for Financial Year 2019-2020

    As per TDS rate chart mentioned as

    194-I Rent INR 2,40,000

    20% in case of use of any land / building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings.

  3. BADRI COMPUTER says:

    please email me tds rate chart in pdf for the financial year.- 2019-2020
    thanking you
    from
    badri computer accounting
    jamnagar

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