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
Sl. 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 5000 10 7.5
5 Dividend Payment (w.e.f. 01.04.2020) 194 5000 10 7.5
6 Interest Payment by Banks (Non Senior Citizens) 194A 40000 10 7.5
Interest Payment by Banks ( Senior Citizens) 194A 50000 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 100,000 1 0.75
10.3 Payment to Contractors (Aggregate Bills during the Year (Others) 194C 100,000 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 5000 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) 194O 0.75
32 Income by way of interest from infrastructure debt fund 194LB 5 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