TAXAJ Corporate Services LLP - Financial Doctors

TDS Rate Chart for FY 2019-20 Onwards

12 Apr 2020 3:29:08 Comment(s) By TAXAJ

TDS stands for Tax Deducted at Source. The following tables list the various TDS rates applicable to resident and non-resident Indians as well as domestic and international companies in India. Any person paying income is responsible to deduct tax at source and needs to deposit this tax within the time stipulated.

Nature of PaymentsSectionCut Off/LimitTDS Rate for Individual and HUFTDS Rate Other than Individual/ HUFIf PAN is not submitted/ Invalid PAN
Payment of Salaries by Employers192Slab rateSlab rateNot applicable30%
Premature payment by PF Organization from EPF A/c (i.e. before 5 Years).192A50,00010%Not applicable20%
Payment of Interest on Securities by company.19310,00010%10%20%
Payment of Dividend other than dividend as referred to Section 115O by company (i.e. Dividend on which Dividend Distribution Tax is not paid)1942,50010%10%20%
Payment of Interest by bank194A40000 (Non Sr. Citizen)/
50000 (Senior Citizen)
Payment of Interest by others194A5,00010%10%20%
Payment of prize from Wining from Lotteries by any person.194B10,00030%30%30%
Payment of prize from Wining from Horse Race by any person.194B10,00030%30%30%
Payment to Contractors by any person.194C30000 (Single bill) or 1 Lakh aggregate bills during the year.1%2%20%
Payment to Transporter Covered u/s. 44E and submit declaration in prescribed format. (i.e. owning less than 10 goods carriages)194C0020%
Payment to Transporter not covered u/s. 44E (i.e. owning more than 10 goods carriages)194C30000 (Single bill ) or 75,000.00 aggregate bills during the year.1%2%20%
Payment of Insurance Commission to agents by Insurance Company.194D15,0005%10%20%
Payment in respect of maturity of Life Insurance Policy by Life Insurance Company.194DA1 Lakh1%1%20%
Payment to NRI sportsman or association by any person or organization194E20%20%20%
Payment out of deposit under National Saving Scheme (NSS)194EE2,50010%10%20%
Payment with respect to repurchase of units by Mutual Fund Companies.194F20%20%20%
Payment of Lottery Commission194G15,0005%5%20%
Payment of commission or Brokerage194H15,0005%5%20%
Payment of rent on land, building, furniture and fittings.194I240,00010%10%20%
Payment of rent on plant, machinery or equipments.194I240,0002%2%20%
Payment made on account of transfer of immovable property other than agriculture land.194IA50 Lakh1%1%20%
Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings194IB50,000.00 PM5%5%20%
Payment of Professional Fees other than call centers194J30,00010%10%20%
Payment of Professional Fees to call centers.194J30,0002%2%20%
Compensation on transfer of certain immoveable property than Agriculture Land194LA250,00010%10%20%


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