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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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Author Bio
Sir, can u please clarify that whether TDS is applicable for Salary below 20,000/- for outsourcing employees working under third party agency.
This table represents incorrect rates for non indvidual since press release Reduction in rate of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS) dated 13th May, 2020 does not talk about different rates for individual and non individual..
example: 194 H for IND/HUF: 3.75% and Others: 5%
However, rate for 194H is 3.75% for all residents
What is TDS Rate of consultancy charges
What is rate of Consultancy charges ?
This is very useful for accounting purpose for the day to day details in regards to tax returns filing and audit returns filing
Good morning Sir,
I Required any GO/ Notification for TDS new related matter.
Regards,
RammohanaRao
what is Other Rate ?
very good informaton
what should be Interest rate for delay payment of TDS for June 2020.
Under 194J Fees for Technical service : Rate of TDS was 2% and now it is reduced to 1.5%