TDS / TCS RATES FOR F.Y.2020-21

SectionNature of PaymentThreshold Limit of Payment01-04-2020 to 31-03- 2021
192

Income from Salary

Senior Citizen (60 Years)

Rs. 3,00,000
Average rate of Tax +  Health & Education Cess (Surcharge if Salary > 50 Lacs)

Super Senior Citizen (80 Years)

Rs. 5,00,000
OthersRs. 2,50,000
192APremature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
Rs. 50,000
10%
193

* Interest on Securities

Rs. 10,00010% &
 (7.5% from 14/05/2020 to 31/03/2021)
194Dividend—
Dividend other than the dividend as referred to in Section 115-O
10% &
(7.5% from 14/05/2020 to 31/03/2021)
194A

Interest from a Banking Company

Rs. 40,000 per annum /Rs. 50,000 per annum for Senior citizen10% &
 (7.5% from 14/05/2020 to 31/03/2021)
194A

Interest other than from a Banking Company

Rs. 5,000 per annum10% &
(7.5% from 14/05/2020 to 31/03/2021)
194B

Winning from Lotteries & Cross Word Puzzles

Rs. 10,000 per annum30%
194BBWinnings from horse racesRs. 10,000 per annum30%
194CPayment to contractor/sub-contractorRs.30,000 per contract (or)
Rs. 1,00,000 per annum
Individual/HUF 1% Others 2% &
(Individual/HUF 0.75% , Others 1.5% from 14/05/2020 to 31/03/2021)
194DInsurance CommisionRs. 15,000
Resident:5% & ( 3.75% from 14/05/2020 to 31/03/2021)
Domestic Company:10% & ( 7.5% from 14/05/2020 to 31/03/2021)
194DA

 

 

 

 

Payment under life insurance policy (including Bonus)

 

- With effect from September 1, 2019 : 5% of the amount of income comprised in payment

Rs.1,00,000 per annum

 

 

 

 

 1%

 

 

 5% & 
(3.75% from 14/05/2020 to 31/03/2021)

 

194E

Non-resident Sportman or Sports Association

-

20%
194EE

Out of deposit under NSS

Rs.2,500
Individual or HUF 10%
& (7.5% from 14/05/2020 to 31/03/2021)
Other NA
194FPayment on account of repurchase of unit by Mutual Fund or Unit Trust of India 20% &
(15% from 14/05/2020 to 31/03/2021)
194G

Commission on Sale of Lottery Tickets

Rs. 15,000
5% &
(3.75% from 14/05/2020 to 31/03/2021)
194H**Commission/BrokerageRs. 15,000 per annum
5% &
(3.75% from 14/05/2020 to 31/03/2021)
194-I(a)**Rent on Plant / MachineryRs. 2,40,000 per annum2% &
(1.75% from 14/05/2020 to 31/03/2021)
194-I(b)

**Land or building or furniture or fitting

Rs. 2,40,000 per annum10% &
(7.5% from 14/05/2020 to 31/03/2021)
194-IAPayment or transfer of Non -agricultural immovable propertyRs. 50,00,000 & above1% &
(0.75% from 14/05/2020 to 31/03/2021)
194-IB
Rent payable by an individual or HUF not liable to tax audit
Rs.50,000 per month


                                                    5% &
                     (3.75% from 14/05/2020 to 31/03/2021)

194-IC
Payment of monetary consideration under Joint Development Agreements

-

10% &
(7.5% from 14/05/2020 to 31/03/2021)
194J




Fees for Professional / Technical Services



Rs. 30,000 per annum




2% (For Call Centre) &
(1.5% from 14/05/2020 to 31/03/2021)
10% (For Others) &
(7.5% from 14/05/2020 to 31/03/2021)
194-K



194LA
Payment of dividend by mutual funds

Compulsory
Acquisition of immovable Property
.


Rs 2,50,000
10% &
(7.5% from 14/05/2020 to 31/03/2021)


10% &
(7.5% from 14/05/2020 to 31/03/2021)
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% &
(7.5% from 14/05/2020 to 31/03/2021)
194LBB(i)Investment fund paying an income to a unit holder  [other than income which is exempt under Section 10(23FBB)]

-

10% & (7.5% from 14/05/2020 to 31/03/2021)
 Invalid PAN 20%
Non-Resident 30%
Foreign Company 40%
194LBC(1)Income in respect of investment made in a securitisation trust 

-

Individual/HUF 25% &( 18.75% from 14/05/2020 to 31/03/2021)
Other 30% & (22.5% from 14/05/2020 to 31/03/2021)
Foreign Company 40%
194MTDS on payment to resident contractors and professionals (other than those who covered u/s 194C or 194J) by individual/HUF not liable for tax audit.Rs. 50 lacs5% (wef 01.09.2019) &
(3.75% from 14/05/2020 to 31/03/2021)
194N



194-O
TDS on cash withdrawal from Bank, Post office etc.


Tds on E-commerce participants
Rs. 1 crore




2% (wef 01.09.2019)



1%(w.e.f 01/10/2020) &
(0.75% from 14/05/2020 to 31/03/2021)

* Only for Debenture in which the public are substantially interested

** Other than Individual or HUF except those covered u/s 44AB

TCS Rates

206C 

Scrap

-

1.00% &
(0.75% from 14/05/2020 to 31/03/2021)
206C 

Tendu Leaves

-

5.00% &
(3.75% from 14/05/2020 to 31/03/2021)
206C 

Timber obtained under a forest lease or other mode

-

2.50% &
(1.875% from 14/05/2020 to 31/03/2021)
206C 

Any other forest produce not being a Timber or tendu leave

-

2.50% &
(1.875% from 14/05/2020 to 31/03/2021)
206C

Alcoholic Liquor for Human Consumption

-

1.00%
206C

Parking lot, toll plaza, mining & quarrying

-

2.00% &
(1.5% from 14/05/2020 to 31/03/2021)
206CPurchase of coal lignite, Iron ore by a trader-1.00% &
(0.75% from 14/05/2020 to 31/03/202

206C




206C 






Sale Value of Motor vehicle whether in cheque or in any other mode of receipt



Sale of any other goods








Exceeding Rs. 10 Lakhs per transaction










1.00% &
(0.75% from 14/05/2020 to 31/03/2021)



0.1% (w.e.f 01/10/2020) &
(0.075% from 14/05/2020 to 31/03/2021)




Notes

1. Surcharges & Education Cess

Type of PaymentSurcharge
RateHealth and Education Cess (4.00%)
Salary (Resident & Non- resident)Upto 50 Lacs
NilYes
50 Lacs to  1 Crore10%
Salary (Resident & Non- resident)
> 1 Crore but upto 2 Crore

> 2 crore but upto 5 crore

> 5 crore

15%

 25 %

 37 %

Yes

Yes

Yes

Other Payments to ResidentsNoNilNo
Other Payments to Non-Residents


Payment to Non-Residents (other than Cos)Up to Rs. 50 lakhNilYes
Payment to Non-Residents (other than Cos)More than Rs. 50 lakh but up to Rs. 1 crore10%Yes

Yes

Yes

Yes

More than Rs. 1 crore but upto 2 crore

More than Rs. 2 crore but upto 5 crore

More than Rs. 5 crore

15%

25%

37%

Payments to Foreign Co.Upto 1crNil Yes

Yes

Yes

 

 

 

> 1 Crore2%
> 10 Crore

 

 

 

5%

 

 

 

 Interest for failure to deduct tax at source/delay in payment of TDS

Stage of deduction

Rate per month or part of the month

From date when deductible till actual deduction

1.00%

From date of deduction till payment

1.50%



TDS / TCS RATES FOR F.Y.2019-20

Section Nature of Payment Threshold Limit of Payment 01-04-2019 to 31-03- 2020
192

Income from Salary

Senior Citizen (60 Years)

Rs. 3,00,000
Average rate of Tax +  Health & Education Cess (Surcharge if Salary > 50 Lacs)

Super Senior Citizen (80 Years)

Rs. 5,00,000
Others Rs. 2,50,000
192A Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
Rs. 50,000
10%
193

* Interest on Securities

Rs. 10,000 10%
194 Dividend—
Dividend other than the dividend as referred to in Section 115-O
10%
194A

Interest from a Banking Company

Rs. 40,000 per annum /Rs. 50,000 per annum for Senior citizen 10%
194A

Interest other than from a Banking Company

Rs. 5,000 per annum 10%
194B

Winning from Lotteries & Cross Word Puzzles

Rs. 10,000 per annum 30%
194BB Winnings from horse races Rs. 10,000 per annum 30%
194C Payment to contractor/sub-contractor Rs.30,000 per contract (or)
Rs. 1,00,000 per annum
Individual/HUF 1% Others 2%
194D Insurance Commision Rs. 15,000
Resident:5%
Domestic Company:10%
194DA

 

 

 

 

Payment under life insurance policy (including Bonus)

 

- With effect from September 1, 2019 : 5% of the amount of income comprised in payment

Rs.1,00,000 per annum

 

 

 

 

 1%

 

 

 5%

 

194E

Non-resident Sportman or Sports Association

-

20%
194EE

Out of deposit under NSS

Rs.2,500
Individual or HUF 10%
Other NA
194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India   20%
194G

Commission on Sale of Lottery Tickets

Rs. 15,000
5%
194H **Commission/Brokerage Rs. 15,000 per annum
5%
194-I **Rent on Plant / Machinery Rs. 2,40,000 per annum 2%
194-I

**Land or building or furniture or fitting

Rs. 2,40,000 per annum 10%
194-IA Payment or transfer of Non -agricultural immovable property Rs. 50,00,000 & above 1%
194-IB
Rent payable by an individual or HUF not liable to tax audit
Rs.50,000 per month


5%

194-IC
Payment of monetary consideration under Joint Development Agreements

-

10%
194J Fees for Professional / Technical Services Rs. 30,000 per annum 2% (For Call Centre)
10% (For Others)
194LA
Compulsory Acquisition of immovable Property Rs. 2,50,000
10%
194LBA 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%
194LBB Investment fund paying an income to a unit holder  [other than income which is exempt under Section 10(23FBB)]

-

10% or Invalid PAN 20%
Non-Resident 30%
Foreign Company 40%
194LBC Income in respect of investment made in a securitisation trust 

-

Individual or HUF 25%
Other 30%
Foreign Company 40%
194M TDS on payment to resident contractors and professionals (other than those who covered u/s 194C or 194J) by individual/HUF not liable for tax audit. Rs. 50 lacs 5% (wef 01.09.2019)
194N TDS on cash withdrawal from Bank, Post office etc. Rs. 1 crore 2% (wef 01.09.2019)

* Only for Debenture in which the public are substantially interested

** Other than Individual or HUF except those covered u/s 44AB

TCS Rates

206C

Scrap

-

1.00%
206C

Tendu Leaves

-

5.00%
206C

Timber obtained under a forest lease or other mode

-

2.50%
206C

Any other forest produce not being a Timber or tendu leave

-

2.50%
206C

Alcoholic Liquor for Human Consumption

-

1.00%
206C

Packing lot, toll plaza, mining & quarrying

-

2.00%
206C Purchase of coal lignite, Iron ore by a trader - 1.00%
206C Sale Value of Motor vehicle whether in cheque or in any other mode of receipt Exceeding Rs. 10 Lakhs per transaction 1.00%

Notes

1. Surcharges & Education Cess

Type of Payment Surcharge
Rate Health and Education Cess (4.00%)
Salary (Resident & Non- resident) Upto 50 Lacs
Nil Yes
50 Lacs to  1 Crore 10%
Salary (Resident & Non- resident)
> 1 Crore but upto 2 Crore

> 2 crore but upto 5 crore

> 5 crore

15%

 25 %

 37 %

Yes

Yes

Yes

Other Payments to Residents No Nil No
Other Payments to Non-Residents


Payment to Non-Residents (other than Cos) Up to Rs. 50 lakh Nil Yes
Payment to Non-Residents (other than Cos) More than Rs. 50 lakh but up to Rs. 1 crore 10% Yes

Yes

Yes

Yes

More than Rs. 1 crore but upto 2 crore

More than Rs. 2 crore but upto 5 crore

More than Rs. 5 crore

15%

25%

37%

Payments to Foreign Co. Upto 1cr Nil  Yes

Yes

Yes

 

 

 

> 1 Crore 2%
> 10 Crore

 

 

 

5%

 

 

 

 Interest for failure to deduct tax at source/delay in payment of TDS

Stage of deduction

Rate per month or part of the month

From date when deductible till actual deduction

1.00%

From date of deduction till payment

1.50%


 
     
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