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TDS Rates Chart for Financial Year 2020-21

The term ‘TDS’ refers to ‘Tax Deduction at source’. It is a mechanism wherein a person responsible to pay a sum of specified nature shall deduct an amount towards TDS and pay it to the credit of Central Government. Various TDS rates on various incomes have been prescribed under the Income-tax Act. This writes up covers all such TDS Rates Chart
TDS Rate Chart for Financial Year 2020-21 (AY: 2021-22), Last Updated On 14th May 2020
S No.
Nature of Payment
Section
Basic Annual Cut Off (INR)
w.e.f 1-4-20 to 13-5-20 (Resident)
w.e.f 1-4-20 to 13-5-20 (Non-Resident)
w.e.f 14-5-20 to 31-3-21 (Resident)
w.e.f 14-5-20 to 31-3-21 (Non-Resident)
1.
Salary Payment
192
-
Slab
Slab
Slab
Slab
2.
PF premature payment from EPF A/c (i.e. before 5 Years).
192A
50,000
10
10
10
10
3.
Interest on securities – 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year
193
10,000
10
-
7.5
-
4.
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
193
5,000
10
-
7.5
-
5.
Dividend Payment (w.e.f. 01.04.2020)
194
5,000
10
-
7.5
-
6.
Interest Payment by Banks (Non Senior Citizens / Senior Citizens)
194A
40,000
10
-
7.5
-
7.
Interest Payment by Others
194A
5,000
10
-
7.5
-
8.
Payment of prize from Wining from Lotteries by any person.
194B
10,000
30
30
30
30
9.
Payment of prize from Wining from Horse Race by any person.
194B
10,000
30
30
30
30
10.
Payment to Contractors (Single Bill) (Indvidual/HUF)
194C
30,000
1
-
0.75
-
10.1
Payment to Contractors (Single Bill) (Others)
194C
30,000
2
-
1.5
-
10.2
Payment to Contractors (Aggregate Bills during the Year (Ind/HUF)
194C
1,00,000
1
-
0.75
-
10.3
Payment to Contractors (Aggregate Bills during the Year (Others)
194C
1,00,000
2
-
1.5
-
11
Insurance Commission (Company)
194D
15,000
10
-
10
-
11.1
Insurance Commission (Other than Company)
194D
15,000
5
-
3.75
-
12
Payment in respect of maturity of Life Insurance Policy by Life Insurance Company.
194DA
1,00,000
5
-
3.75
-
13
Payment to NRI sportsman or association by any person or organization
194E
-
-
20
-
20
14
Payment out of deposit under National Saving Scheme (NSS)
194EE
2,500
10
10
7.5
10
15
Payment with respect to repurchase of units by Mutual Fund Companies.
194F
-
20
20
15
20
16
Payment of Lottery Commission
194G
15,000
5
5
3.75
5
17
Payment of commission or Brokerage
194H
15,000
5
-
3.75
-
18
Payment of rent on land, building, furniture and fittings.
194I
2,40,000
10
-
7.5
-
19
Payment of rent on plant, machinery or equipments.
194I
2,40,000
2
-
1.5
-
20
Payment made on account of transfer of immovable property other than agriculture land.
194IA
50,00,000
1
-
0.7
-
21
Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings
194IB
50,000 p.m.
5
-
3.75
-
22
Payment under Joint Development Agreements to Individual/HUF
194IC
-
10
-
7.5
-
23
Payment of Professional Fees other than call centers and Technical Fees
194J
30,000
10
-
7.5
-
24
Payment of Technical Fees (w.e.f. 01.04.2020)
194J
30,000
2
-
1.5
-
25
Payment of Professional Fees to call centers.
194J
30,000
2
-
1.5
-
26
Director’s Fee
194J
-
10
-
7.5
-
27
Compensation on transfer of certain immoveable property than Agriculture Land
194LA
2,50,000
10
-
7.5
-
28
Payment of any income in respect of: a) Units of a Mutual Fund as per Section 10(23D) b) The Units from the administrator c) Units from specified company (w.e.f. 01.04.2020)
194K
5,000
10
-
7.5
-
29
Payment of certain amount in cash
194N
1 Crore
2
2
2
2
30
Certain payments by Individual/HUF
194M
50 Lakh
5
-
3.75
-
31
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)
1,940
-
-
-
0.75
-
32
Income by way of interest from infrastructure debt fund
194LB
-
-
5
-
33.1
Income from units of business trust – – interest received or receivable from a special purpose vehicle; or
194LBA
-
10
5
7.5
5
33.2
Income from units of business trust – – dividend referred to in sub-section (7) of section 115-)
194LBA
-
10
10
7.5
10
34.1
Distribution of rental income to unit holders – Other than Company
194LBA
-
10
30
7.5
5
34.2
Distribution of rental income to unit holders – Company
194LBA
-
10
40
7.5
10
35.1
Income in respect of units of investment fund – Other Than Company
194LBB
-
10
30
7.5
30
35.2
Income in respect of units of investment fund – Company
194LBB
-
10
40
7.5
40
36.1
Income in respect of investment in securitization fund – Individual/HUF
194LBC
-
25
30
18.75
30
36.2
Income in respect of investment in securitization fund – Company
194LBC
-
30
40
22.5
40
36.3
Income in respect of investment in securitization fund – Other Person
194LBC
-
30
30
22.5
30
37
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
194LC
-
-
5
-
5
38
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
194LC
-
-
4
-
4
39
Interest on certain bonds from Govt. securities
194LD
-
-
5
-
5
40.1
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
194N
-
-
-
2
2
40.2
Payment of certain amount in cash (first proviso of section 194N)if- Amount exceeds Rs. 1 crore (Applicable from 01.07.2020)
194N
-
-
-
5
5
41
Income of Investment made by an NRI
195
-
-
20
-
20
42.1
Long-term capital gain – u/s -115E/112 (1)©(iii)/112A
195
-
-
10
-
10
42.2
Long-term capital gain – Any Other Gains
195
-
-
20
-
20
43
Short-term capital gain – 111A
195
-
-
15
-
15
44
Royalty
195
-
-
10
-
10
45
Fees for technical services
195
-
-
10
-
10
46
Interest income payable by Govt./Indian concern (other than section 194LB or 194LC)
195
-
-
20
-
20
47.1
Any Other Income Any other company
195
-
-
30
-
30
47.2
Any Other Income company
195
-
-
40
-
40
48
Income in respect – 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
196A
-
-
20
-
20
49
Income from units to an offshore fund
196B
-
-
10
-
10
50
Income from foreign currency bonds or GDR of an Indian company
196C
-
-
10
-
10
51
Income of foreign Institutional Investors from securities (not being dividend or capital gain)
196D
-
-
20
-
20

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