 TDS Rate Chart |
For Financial Year 2020-21 and
Assessment Year 2021-22 (Note : TDS/TCS Rates were reduced by 25% w.e.f. 14-May-2020)
|
Section
|
Particulars
|
TDS Rate Individual/ HUF (Indian
Resident)
(in %) |
TDS Rate for (NRI) in India
(in %) |
Domestic Company
(in %) |
Other than domestic Company
(in %) |
192
|
Payment of salary
|
Normal Slab Rate
|
Normal Slab Rate
|
–
|
–
|
192A
|
Payment of
accumulated balance of Provident fund which is taxable in the hands of an
employee.
Monetary Limit – Rs. 50,000 |
10
|
10.4
|
–
|
–
|
193
|
Interest on
Securities
|
||||
a.
|
any debentures or
securities for money issued by or on behalf of any local authority or a
corporation established by a Central, State or Provincial Act;
|
10
|
–
|
10
|
–
|
b.
|
debentures issued
by a company where such debentures are listed on a recognised stock exchange
in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of
1956) and any rules made thereunder;
|
10
|
–
|
10
|
–
|
c.
|
any security of the
Central or State Government;
(Monetary Limit – Rs 10,000) |
10
|
–
|
10
|
–
|
d.
|
interest on any
other security
|
10
|
–
|
10
|
–
|
194
|
Dividend
(monetary limit- Rs 5000) |
–
|
–
|
10
|
–
|
194A
|
An Income by way of
interest other than “Interest on securities”
(Monetary Limit – Rs 40,000) |
10
|
–
|
10
|
–
|
194B
|
Income by way of
winnings from lotteries, crossword puzzles, card games and other games of any
sort
(Monetary Limit – Rs 10,000) |
30
|
31.2
|
30
|
31.2
|
194BB
|
Income by way of
winnings from horse races
(Monetary Limit – Rs 10,000) |
30
|
31.2
|
30
|
31.2
|
194C
|
A Payment to
contractor/sub-contractor
(Monetary Limit – Rs 30,000 per contract or Rs 1,00,000 for aggregate amount during the year) |
||||
a.
|
HUF/Individuals
|
1
|
–
|
1
|
–
|
b.
|
Others
|
2
|
–
|
2
|
–
|
194D
|
Insurance
commission
(Monetary Limit – Rs 15,000) |
5
|
–
|
10
|
–
|
194DA
|
A Payment in
respect of life insurance policy w.e.f. 1/9/2019, the tax shall be deducted
on the amount of income comprised in insurance pay-out.
(Monetary Limit – Rs 1,00,000) |
5
|
–
|
5
|
–
|
194E
|
Payment to
non-resident sportsmen/sports association
|
–
|
20.8
|
–
|
20.8
|
194EE
|
A Payment in
respect of deposit under National Savings scheme
(Monetary Limit – Rs 2,500) |
10
|
10.4
|
10
|
–
|
194F
|
Payment on account
of repurchase of unit by Mutual Fund or Unit Trust of India
|
20
|
20.8
|
20
|
–
|
194G
|
Commission, etc.,
on sale of lottery tickets
(Monetary Limit – Rs 15,000) |
5
|
5.2
|
5
|
5.2
|
194H
|
Commission or
brokerage
(Monetary Limit – Rs 15,000) |
5
|
–
|
5
|
–
|
194-I
|
Rent
(Monetary Limit – Rs 2,40,000) |
||||
a.
|
Plant & Machinery
|
2
|
–
|
2
|
–
|
b.
|
Land or building or
furniture or fitting
|
10
|
–
|
10
|
–
|
194-IA
|
Payment on transfer
of certain immovable property other than agricultural land.
(Monetary Limit – Consideration exceeding Rs 50,00,000) |
1
|
–
|
1
|
–
|
194-IB
|
A Payment of rent
by individual or HUF not liable to tax audit.
(Monetary Limit – Rent for the month or part of the month exceeds Rs 50,000) |
5
|
–
|
–
|
–
|
194-IC
|
Payment of monetary
consideration under Joint Development Agreements
|
10
|
–
|
10
|
–
|
194J
|
A Payment for fees
for Technical services, Professional services or royalty etc.
(Monetary Limit –Rs 30,000 p.a) |
||||
a.
|
Fee for technical
services
|
2
|
–
|
2
|
–
|
b.
|
Fee in other all
cases as per Section 194J
|
10
|
–
|
10
|
–
|
194K
|
Payment of any
income in respect of:
|
10
|
–
|
10
|
–
|
a)
|
Units of a Mutual
Fund as per Section 10(23D)
|
||||
b)
|
The Units from the
administrator
|
||||
c)
|
Units from
specified company
|
||||
194LA
|
A Payment of
compensation on acquisition of certain immovable property
(Monetary Limit –Rs 2,50,000 p.a.) |
10
|
–
|
10
|
–
|
194LB
|
Payment of interest
on infrastructure debt fund
|
–
|
5.2
|
5.2
|
|
194LBA(1)
|
Business trust
shall deduct tax while distributing, any interest received or receivable by
it from a SPV or any income received from renting or leasing or letting out
any real estate asset owned directly by it, to its unit holders.
|
10
|
–
|
10
|
–
|
194LBA(2)
|
A Business trust
shall deduct tax while distributing any interest income received or
receivable by it from a SPV to its unit holders.
|
–
|
5.2
|
–
|
5.2
|
194LBA(3)
|
Business trust
shall deduct tax while distributing any income received from renting or
leasing or letting out any real estate asset owned directly by it to its unit
holders.
|
–
|
31.2
|
–
|
41.6
|
194LBB
|
Investment fund
paying an income to a unit holder [other than income which is exempt under
Section 10(23FBB)]
|
10
|
31.2
|
10
|
41.6
|
194LBC
|
Income in respect
of investment made in a securitisation trust (specified in Explanation of
section 115 TCA)
|
25% in case of Individual or HUF.
30% in case of other resident person |
31.2
|
10
|
41.6
|
194LC
|
Payment of interest
by an Indian Company or a business trust in respect of money borrowed in
foreign currency under a loan agreement or by way of issue of long-term bonds
(including long-term infrastructure bond).
Note: Now TDS at concessional rate of 5% will be applicable for borrowings made after April 1, 2020 but before July 1, 2023. |
–
|
5.2
|
–
|
5.2
|
194LD
|
A Payment of
interest on rupee denominated bond of an Indian Company or Government
securities to a Foreign Institutional Investor or a Qualified Foreign
Investor.
Note: Now TDS at concessional rate of 5% will be applicable for borrowings made after April 1, 2020 but before July 1, 2023. |
–
|
5.2
|
–
|
5.2
|
194M
|
Payment of
commission (not being insurance commission), brokerage, contractual fee,
professional fee to a resident person by an Individual or a HUF who are not
liable to deduct TDS under section 194C, 194H, or 194J.
|
5
|
–
|
5
|
–
|
194N
|
Cash withdrawal
inexcess of Rs. 1 crore during the previous year from one or more account
maintained by a person with a banking company, co-operative society engaged
in business of banking or a post office
|
2
|
–
|
2
|
–
|
194-O
|
Applicable for
E-Commerce operator for sale of goods or provision of service facilitated by
it through its digital or electronic facility or platform.
|
1
|
–
|
1
|
–
|
195
|
Payment of any
other sum to a Non-resident
|
||||
a.
|
An Income in
respect of investment made by a Non-resident Indian Citizen
|
–
|
20.8
|
–
|
–
|
b.
|
Income by way of
long-term capital gains referred to in Section 115E in case of a Non-resident
Indian Citizen
|
–
|
10.4
|
–
|
|
c.
|
An Income by way of
long-term capital gains referred to in sub-clause (iii) of clause (c) of
sub-Section (1) of Section 112
|
–
|
10.4
|
–
|
10.4
|
d.
|
Income by way of
long-term capital gains as referred to in Section 112A
|
–
|
10.4
|
–
|
10.4
|
e.
|
An Income by way of
short-term capital gains referred to in Section 111A
|
–
|
15.6
|
–
|
15.6
|
f.
|
Any other income by
way of long-term capital gains [not being long-term capital gains referred to
in clauses 10(33), 10(36) and 112A
|
–
|
20.8
|
–
|
20.8
|
g.
|
Income by way of
interest payable by Government or an Indian concern on moneys borrowed or
debt incurred by Government or the Indian concern in foreign currency (not
being income by way of interest referred to in Section 194LB or Section
194LC)
|
–
|
20.8
|
20.8
|
|
h.
|
The Income by way
of royalty payable by Government or an Indian concern in pursuance of an
agreement made by it with the Government or the Indian concern where such
royalty is in consideration for the transfer of all or any rights (including
the granting of a licence) in respect of copyright in any book on a subject
referred to in the first proviso to sub-section (1A) of Section 115A of the
Income-tax Act, to the Indian concern, or in respect of any computer software
referred to in the second proviso to sub-section (1A) of Section 115A of the
Income-tax Act, to a person resident in India
|
–
|
10.4
|
–
|
10.4
|
i.
|
Income by way of
royalty [not being royalty of the nature referred to point g) above E]
payable by Government or an Indian concern in pursuance of an agreement made
by it with the Government or the Indian concern and where such agreement is
with an Indian concern, the agreement is approved by the Central Government
or where it relates to a matter included in the industrial policy, for the
time being in force, of the Government of India, the agreement is in
accordance with that policy
|
–
|
10.4
|
–
|
–
|
A) Where the
agreement is made after the 31st day of march,1961 but before 1st April 1976
|
–
|
–
|
–
|
52
|
|
B) Where the
agreement is made after the 31st March, 1976
|
–
|
–
|
–
|
10.4
|
|
j
|
Income by way of
fees for technical services payable by Government or an Indian concern in
pursuance of an agreement made by it with the Government or the Indian
concern and where such agreement is with an Indian concern, the agreement is
approved by the Central Government or where it relates to a matter included
in the industrial policy, for the time being in force, of the Government of
India, the agreement is in accordance with that policy
|
–
|
10.4
|
–
|
–
|
A) Where the
agreement is made after the 29th February 1964 but before 1st April 1976
|
–
|
–
|
–
|
52
|
|
B) Where the
agreement is made after the 31st March, 1976
|
–
|
–
|
–
|
10.4
|
|
k.
|
Any other income
|
–
|
31.2
|
–
|
41.6
|
196B
|
Income from units
(including long-term capital gain on transfer of such units) to an offshore
fund
|
–
|
10.4
|
–
|
10.4
|
196C
|
The Income from
foreign currency bonds or GDR of an Indian company (including long-term
capital gain on transfer of such bonds or GDR)
|
–
|
10.4
|
–
|
10.4
|
196D
|
Income of foreign
Institutional Investors from securities (not being dividend or capital gain
arising from such securities)
|
–
|
20.8
|
–
|
20.8
|
Note
: Further it was said that the rates of TDS are after considering cess @4%
|
|||||
and shall be increased by applicable
surcharge.
|
|||||
