TDS & TCS Rate Chart (FY: 2020-21 / AY: 2021-22)

 

 TDS RATE CHART FY: 2020-21 (AY: 2021-22)
SectionNature of Payment ThresholdIndv/ HUFOthers
  Rs.TDS Rate (%)
192Salaries  Avg 
192APremature withdrawal from EPF 5000010
193Interest on Securities 100001010
194Dividends 50001010
194AInterest (Banks) 400001010
194AInterest (Others)50001010
194ASenior Citizen5000010
194BWinning from Lotteries 100003030
194BBWinnings from Horse Race100003030
194CContractor – Single Transaction 3000012
194CPayment to Contractor
(including Transporter with more than 10 carriages)
1 Lakh12
194CTransporter (44AE) declaration with PAN (upto 10 carriages)
194DInsurance Commission (15G-15H allowed) 15000510
194DALife insurance Policy 1 Lakh11
194ENon-Resident Sportsmen or Sports Association2020
194EE NSS 25001010
194FRepurchase Units by MFs – 2020
194GCommission – Lottery 1500055
194HCommission / Brokerage 1500055
194I Rent of Land and Building – F&F2.40 Lakh1010
194IRent of Plant / Machinery / Equipment 2.40 Lakh22
194IA Transfer of certain immovable property other than agriculture land50 Lakh11
194IBRent by Individual / HUF (wef 01.06.2017)50000/PM 5
194ICPayment under Specified agreement1010
194J Professional Fees / Technical Fees / etc.300001010
194J Payment to Call Centre Operator (wef 01.06.2017)3000022
194LACompensation on transfer of certain immovable property other than agricultural land2.50 Lakh 1010
194LAImmovable Property (TDS exempted under RFCTLARR Act (wef 01.04.2017)
194LBIncome by way of interest from infrastructure debt fund (non- resident)55
194LBACertain income from units of a business trust(applicable from 01.10.2014)1010
194LBACertain income from units of a business trust to non resident (applicable from 01.10.2014)55
194LBBIncome in respect of units of investment fund10% For Residents, 30 % For NonResidents10% For Residents, 40% For Non Residents
194LBCIncome in respect of investment in securitization trust30% For Residents, 40% For Non Residents, 25% for Individual and HUF30% 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)55
194LD Interest on certain bonds and Govt. Securities (from 01-06-2013)55
194N Cash withdrawal in excess of 1 crore during the previous year with bank or co-operative society (wef 01.09.2019)22
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: 2020-21 (AY: 2021-22)
SectionNature of PaymentTCS Rate %
 206CScrap1
 206CTendu Leaves5
 206CTimber  obtained  under  a forest lease or other mode2.5
 206CAny other forest produce not being a timber or tendu leave2.5
 206CAlcoholic Liquor for human consumption1
 206CParking   Lot,   Toll   Plaza, Mining and Quarrying2
 206CMinerals, being coal or lignite or iron ore (applicable   from   July   1,2012)1
 206CSale 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
 206CBullion if consideration (excluding any coin / article weighting 10 grams or less) exceeds Rs. 2 Lakhs1
 206CTCS on sale in cash of any goods (other than bullion/jewellery)1
 206CTCS on providing of any services (other than Ch-XVII-B)1
 206C(1G)(a)TCS on foreign remittance through Liberalised Remittance Scheme (applicable from 01.04.2020)5 (10% for non PAN or Aadhar)
 206C(1G)(b)TCS on selling of overseas tour package (applicable from 01.04.2020)5 (10% for non PAN or Aadhar)
 206C(1H)TCS on sell of any goods (except goods on which TCS applicable as per Section 206C(1), 206C(1F) and 206C(1G)), (applicable from 01.04.2020)0.1 (1% for non PAN or Aadhar)
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: 2020-21.

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.

Reduction in TDS / TCS Rates

Facebooktwitterredditpinterestlinkedinmail

Leave a Reply