| 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.
What about section 194M ?