Simple TDS Rate Chart for Financial Year 2020-21 –  Applicable from 14th May 2020

Kindly Note amended rates are been given on the basis of PIB Notification dated 13.05.2020 and on the date of Publication of this post no notification in this regard is been notified by the CBDT. Press release can be accessed at the following link-   https://taxguru.in/income-tax/tds-tcs-rate-chart-fy-2020-21-pre-post-14th-2020.html

Also Read- Detailed Article on TDS Rates for Financial Year 2020-21 at the below link-

 

Section

 

Nature of Payment

 

Threshold Rs

Indv / HUF TDS Others TDS
Existing Rate (%) New rate (%) wef 14.05.2020
Rate (%)
192 Salaries Basis on Slab
192A Premature withdrawal from EPF 50,000 10
193 Interest on Securities/Debenture’s 10,000 10 7.5 10
194 Dividends (other t han listed Companies) 10 7.5 10
194A Interest (Banks)/ For Senior Rs 50000 40,000 10 7.5 10
194A Interest (Others) 5,000 10 7.5 10
194B Winning from Lotteries 10,000 30 30 30
194BB Winning from Horse Race 10,000 30 30 30
194C Contractor – Single Transaction 30,000 1 0.75 1.5
194C Contractor – During the F.Y. 1,00,000 1 0.75 1.5
194C Transporter (44AE) declaration with PAN
194D Insurance Commission (15G – 15H allowed) 15,000 5 3.75 3.75
194DA Life insurance Policy 1,00,000 5 3.75 3.75
194E Non-Resident Sportsmen or Sports Association 20 20
194EE NSS 2,500 10 7.5 7.5
194F Repurchase Units by MFs 20 15 15
194G Commission – Lottery 15,000 5 3.75 5
194H Commission / Brokerage 15,000 5 3.75 5
194I Rent of Land and Building – F&F 2,40,000 10 7.5 7.5
194I Rent of Plant / Machinery / Equipment 2,40,000 2 1.5 1.5
194IB Rent by Individual / HUF 50000/PM 5 3.75 3.75
194IA Transfer of certain immovable property other than agriculture land 50,00,000 1 0.75 0.75
194J Professional Fees / Technical Fees  etc. 30,000 10 7.5 7.5
194J Payment to FTS, Certain Royalties and  Call Centre Operator 30,000 2 1.5 1.5
194IA Compensation on transfer of certain immovable property other than agricultural land 2,50,000 10 7.5 7.5
194LB Income by way of interest from infrastructure debt fund 5 5 5
194LD Interest on Certain bonds. Securities 5 5 5

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