Sponsored
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-
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
WE ARE A PVT LTD CO. WE ARE GIVING DISCOUNT ON THE INVOICE TO ANOTHER PVT.LTD CO.
IS TDS APPLICABLE ON THIS?
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
Sir, Whether surcharge and cess applicable to payment to Non resident ?
If yes since when ?
Rates of TDS us194-I mentoned wrongly as 10% and 20% instead of 2% and 10%.
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.
Hi Sandeep,
Please confirm that whether the rate for section 194I is correct.
i thing upper limit for payment of Rent U/s 194I has been increased to Rs. 2,40,000/-
Thank you sir, Very usefull information
As mentioned in this TDS rate chart
Hello Sir ,
thanks for such a great knowledge sharing article ,
can you please share the Amendment summary for A/Y 2019-20
Thanks
Talha
M.NO. 9560073822
Email : talha.apmg@gmail.com
please email me tds rate chart in pdf for the financial year.- 2019-2020
thanking you
from
badri computer accounting
jamnagar