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 PaymentSectionBasic 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)
1Salary Payment192SlabSlabSlabSlab
2PF premature payment from EPF A/c (i.e. before 5 Years).192A50,00010101010
3Interest on securities – 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year19310,000107.5
4Interest 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 securities1935000107.5
5Dividend Payment (w.e.f. 01.04.2020)1945000107.5
6Interest Payment by Banks (Non Senior Citizens)194A40000107.5
Interest Payment by Banks ( Senior Citizens)194A50000107.5
7Interest Payment by Others194A5,000107.5
8Payment of prize from Wining from Lotteries by any person.194B10,00030303030
9Payment of prize from Wining from Horse Race by any person.194B10,00030303030
10Payment to Contractors (Single Bill) (Indvidual/HUF)194C30,00010.75
10.1Payment to Contractors (Single Bill) (Others)194C30,00021.5
10.2Payment to Contractors (Aggregate Bills during the Year (Ind/HUF)194C100,00010.75
10.3Payment to Contractors (Aggregate Bills during the Year (Others)194C100,00021.5
11Insurance Commission (Company)194D15,0001010
11.1Insurance Commission (Other than Company)194D15,00053.75
12Payment in respect of maturity of Life Insurance Policy by Life Insurance Company.194DA1,00,00053.75
13Payment to NRI sportsman or association by any person or organization194E2020
14Payment out of deposit under National Saving Scheme (NSS)194EE2,50010107.510
15Payment with respect to repurchase of units by Mutual Fund Companies.194F20201520
16Payment of Lottery Commission194G15,000553.755
17Payment of commission or Brokerage194H15,00053.75
18Payment of rent on land, building, furniture and fittings.194I2,40,000107.5
19Payment of rent on plant, machinery or equipments.194I2,40,00021.5
20Payment made on account of transfer of immovable property other than agriculture land.194IA50,00,00010.7
21Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings194IB50,000 p.m.53.75
22Payment under Joint Development Agreements to Individual/HUF194IC107.5
23Payment of Professional Fees other than call centers and Technical Fees194J30,000107.5
24Payment of Technical Fees (w.e.f. 01.04.2020)194J30,00021.5
25Payment of Professional Fees to call centers.194J30,00021.5
26Director’s Fee194J107.5
27Compensation on transfer of certain immoveable property than Agriculture Land194LA2,50,000107.5
28Payment 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)
194K5000107.5
29Payment of certain amount in cash194N1 Crore2222
30Certain payments by Individual/HUF194M50 Lakh53.75
31Applicable 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)194O0.75
32Income by way of interest from infrastructure debt fund194LB55
33.1Income from units of business trust – – interest received or receivable from a special purpose vehicle; or194LBA1057.55
33.2Income from units of business trust – dividend referred to in sub-section (7) of section 115-)194LBA10107.510
34.1Distribution of rental income to unit holders
– Other than Company
194LBA10307.55
34.2Distribution of rental income to unit holders
– Company
194LBA10407.510
35.1Income in respect of units of investment fund
– Other Than Company
194LBB10307.530
35.2Income in respect of units of investment fund
– Company
194LBB10407.540
36.1Income in respect of investment in securitization fund
– Individual/HUF
194LBC253018.7530
36.2Income in respect of investment in securitization fund
– Company
194LBC304022.540
36.3Income in respect of investment in securitization fund
– Other Person
194LBC303022.530
37Income 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 India194LC55
38Income 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 Centre194LC44
39Interest on certain bonds from Govt. securities194LD55
40.1Payment of certain amount in cash (first proviso of section 194N)if-
– Amount is more than Rs.20 lakh but up to Rs. 1 crore
194N22
40.2Payment of certain amount in cash (first proviso of section 194N)if-
Amount exceeds Rs. 1 crore (Applicable from 01.07.2020)
194N55
41Income of Investment made by an NRI1952020
42.1Long-term capital gain
– u/s -115E/112 (1)©(iii)/112A
1951010
42.2Long-term capital gain
Any Other Gains
1952020
43Short-term capital gain – 111A1951515
44Royalty1951010
45Fees for technical services1951010
46Interest income payable by Govt./Indian concern (other than section 194LB or 194LC)1952020
47.1Any Other Income
Any other company
1953030
47.2Any Other Income
company
1954040
48Income 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

196A2020
49Income from units to an offshore fund196B1010
50Income from foreign currency bonds or GDR of an Indian company196C1010
51Income of foreign Institutional Investors from securities (not being dividend or capital gain)196D2020