| TDS RATE CHART FY: 2019-20 (AY: 2020-21) | ||||
| Section | Nature of Payment | Threshold | Indv/ HUF | Others |
| Rs. | TDS Rate (%) | |||
| 192 | Salaries | – | Avg | – |
| 192A | Premature withdrawal from EPF | 50000 | 10 | – |
| 193 | Interest on Securities | 10000 | 10 | 10 |
| 194 | Dividends | 2500 | 10 | 10 |
| 194A | Interest (Banks) | 40000 | 10 | 10 |
| 194A | Interest (Others) | 5000 | 10 | 10 |
| 194A | Senior Citizen | 50000 | 10 | – |
| 194B | Winning from Lotteries | 10000 | 30 | 30 |
| 194BB | Winnings from Horse Race | 10000 | 30 | 30 |
| 194C | Contractor – Single Transaction | 30000 | 1 | 2 |
| 194C | Payment to Contractor (including Transporter with more than 10 carriages) | 1 Lakh | 1 | 2 |
| 194C | Transporter (44AE) declaration with PAN (upto 10 carriages) | – | – | – |
| 194D | Insurance Commission (15G-15H allowed) | 15000 | 5 | 10 |
| 194DA | Life insurance Policy | 1 Lakh | 1 | 1 |
| 194E | Non-Resident Sportsmen or Sports Association | – | 20 | 20 |
| 194EE | NSS | 2500 | 10 | 10 |
| 194F | Repurchase Units by MFs | – | 20 | 20 |
| 194G | Commission – Lottery | 15000 | 5 | 5 |
| 194H | Commission / Brokerage | 15000 | 5 | 5 |
| 194I | Rent of Land and Building – F&F | 2.40 Lakh | 10 | 10 |
| 194I | Rent of Plant / Machinery / Equipment | 2.40 Lakh | 2 | 2 |
| 194IA | Transfer of certain immovable property other than agriculture land | 50 Lakh | 1 | 1 |
| 194IB | Rent by Individual / HUF (wef 01.06.2017) | 50000/PM | 5 | – |
| 194IC | Payment under Specified agreement | – | 10 | 10 |
| 194J | Professional Fees / Technical Fees / etc. | 30000 | 10 | 10 |
| 194J | Payment to Call Centre Operator (wef 01.06.2017) | 30000 | 2 | 2 |
| 194LA | Compensation on transfer of certain immovable property other than agricultural land | 2.50 Lakh | 10 | 10 |
| 194LA | Immovable Property (TDS exempted under RFCTLARR Act (wef 01.04.2017) | – | – | – |
| 194LB | Income by way of interest from infrastructure debt fund (non- resident) | – | 5 | 5 |
| 194LBA | Certain income from units of a business trust(applicable from 01.10.2014) | – | 10 | 10 |
| 194LBA | Certain income from units of a business trust to non resident (applicable from 01.10.2014) | – | 5 | 5 |
| 194LBB | Income in respect of units of investment fund | – | 10% For Residents, 10% For Non-Residents ( 1-April-2016 to 31-May-2016), 30 % For NonResidents (1-Jun-2016 to 31-Mar-2017) | 10% For Residents, 10% For Non-Residents (1-April-2016 to 31-May-2016), 40% For Non Residents (1-Jun-2016 to 31-Mar-2017) |
| 194LBC | Income in respect of investment in securitization trust | – | 30% For Residents, 40% For Non Residents, 25% for Individual and HUF | 30% For Residents, 40% For Non Residents, 25% for Individual and HUF |
| 194LC | 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 (applicable from July 1, 2012) | – | 5 | 5 |
| 194LD | Interest on certain bonds and Govt. Securities (from 01-06-2013) | – | 5 | 5 |
| Note : TDS Rates without PAN – 20% flat (if TDS rate is lower than 20%) | ||||
Note: The above list covers most of the sections applicable for domestic transactions
| TCS RATE CHART FOR FY: 2019-20 (AY: 2020-21) | ||
| Section | Nature of Payment | TCS Rate % |
| 206C | Scrap | 1 |
| 206C | Tendu Leaves | 5 |
| 206C | Timber obtained under a forest lease or other mode | 2.5 |
| 206C | Any other forest produce not being a timber or tendu leave | 2.5 |
| 206C | Alcoholic Liquor for human consumption | 1 |
| 206C | Parking Lot, Toll Plaza, Mining and Quarrying | 2 |
| 206C | Minerals, being coal or lignite or iron ore (applicable from July 1,2012) | 1 |
| 206C | Sale of motor vehicle of the value exceeding Rs. 10 Lacs; (wef 01.06.2016) Motor vehicle clause not applicable on Central Government, a State Government, an embassy, a High Commission, Legation, Commission, Consulate and the Trade Representation of a foreign State; Local Authority ; a Public Sector Company which is engaged in the business of carrying passengers (wef 01.04.2017) | 1 |
| 206C | Bullion if consideration (excluding any coin / article weighting 10 grams or less) exceeds Rs. 2 Lakhs | 1 |
| 206C | TCS on sale in cash of any goods (other than bullion/jewellery) | 1 |
| 206C | TCS on providing of any services (other than Ch-XVII-B) | 1 |
| Note : TCS Rates without PAN – Double of TCS rate as above or 5%, whichever is higher | ||
Note: The above list covers most of the sections applicable for domestic transactions
Click here to download the list of TDS & TCS Rate Chart for FY: 2019-20.
Note :
1. Surcharge is not deductible on payments made to residents, other than salary.
2. In case of non-resident, surcharge would be applicable on TDS.
Disclaimer : Efforts have been made to provide correct information. However, we do not take liability of any kind in case of any error or miscommunication in the article.
Very useful post