TDS Chart for the F.Y 2020-2021

Last Updated On: Feb. 5, 2021, 10:24 p.m.
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TDS CHART FOR THE FINANCIAL YEAR 2020-21

 

Rates of TDS applicable for Financial Year 2021-22 or Assessment Year 2022-23:

 

Nature of Payment Basic Cut off (Rs.) Individual /Company and others New Rate % If No Pan or Invalid PAN (Rate %)
192 – Salaries Slab Rate Slab Rates 30%
192A- Premature withdrawal from Employee Provident Fund  50,000 Individual: 10% Company: NA 20%
193 – Interest on securities  2,500 Individual: 10% Company: 10% 20%
194 – Dividend other than the dividend as referred to in Section 115-O 5,000 Individual: 10% Company: 10% 20%
194A – Interest other than interest on securities – Banks Time deposits, Recurring deposit, and Deposit in Co-op Banks 40,000 (for individual) 50000 (for Senior Citizens) Individual: 10% 20%
194B – Winning from Lotteries 10,000 Individual: 30% Company: 30% 30%
194BB – Winnings from Horse Race 10,000 Individual: 30% Company: 30% 30%
194C- Payment to Contractor – Single Transaction  30,000 Individual: 1% Company: 2% 20%
194C-Payment to Contractor – Aggregate During the Financial year 1,00,000 Individual: 1% Company: 2% 20%
194C- Contract – Transporter not covered under 44AE 30,000 / 75,000 Individual: 1% Company: 2% 20%
194C- Contract – Transporter covered under 44AE & submit a declaration on prescribed form with PAN 20%
194D – Insurance Commission 15,000 Individual: 5% Company: 5% 20%
194DA Payment in respect of life insurance policy  1,00,000 Individual: 5% Company: 5% 20%
194E – Payment to Non-Resident Sportsmen or Sports Association Individual: 20% Company: 20% 20%
194EE – Payments out of deposits under National Savings Scheme 2,500 Individual: 10% Company: 10% 20%
194F – Repurchase Units by MFs Individual: 20% Company: 20% Individual: 20% Company: 20%
194G – Commission – Lottery  15,000 Individual: 5% Company: 5% 20%
194H – Commission / Brokerage 15,000 Individual: 5% Company: 5% 20%
194I – Rent – Land and Building – furniture – fittings 2,40,000 Individual: 10% Company: 10% 20%
194I – Rent – Plant / Machinery / equipment 2,40,000 Individual: 2% Company: 2% 20%
194IA -Transfer of certain immovable property other than agricultural land 50,00,000 Individual: 1% Company: 1% 20%
194IB – Rent – Land or building or both 50,000 per month Individual: 5% 20%
194IC – Payment of Monetary consideration under Joint development agreement Individual: 10% Company: 10% 20%
194J – Professional Fees for technical services (w.e.f. from 1.4.2020)  30,000 Individual: 2% Company: 2% 20%
194J – Professional Fees in all other cases 30,000

Individual: 10% Company: 10%

20%
194K- Payment of any income in respect of Units of Mutual fund as per section 10(23D) or Units of an administrator or from a specified company

Individual: 10% Company: 10%

20%
194LA – TDS on compensation for compulsory acquisition of immovable Property 2,50,000

Individual: 10% Company: 10%

20%
194 LBA (1)- Business trust shall deduct tax while distributing, any interest received or receivable by it from an SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unitholders Individual: 10% Company: 10% 20%
194LB – Income by way of interest from infrastructure debt fund (non-resident) Individual: 5% Company: 5% 20%
194LBB – Income in respect of investment in Securitisation trust Individual: 10% Company: 30% 30%
194LBC- Income in respect of investment made in a securitization trust Individual: 25% Company: 30% 30%
194 LC – 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 Individual: 5% Company: 5% 20%
194LD – Interest on certain bonds and govt. Securities Individual: 5% Company: 5% 20%
194M – Payment of Commission, brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J. 50,00,000 Individual: 5% Company: 5% 20%
194N – Cash withdrawal in excess of Rs. 20 Lakh during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in the business of banking or a post office 20,00,000 Individual: 2% Company: 2%  20%
194N – Cash withdrawal in excess of Rs. 1 crore during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in the business of banking or a post office. 100,00,000 Individual: 2% Company: 2% 20%
194O – Applicable for E-Commerce operator for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform. Individual: 1% Company: 1% 20%
194P- TDS by a specified bank to specified senior citizen Rates applicable to particular slab of income including applicable Surcharge and Health & Education Cess -
194Q- Purchase of goods 50,00,000 0.1%  
195- Payment of any sum to Non-resident Higher of Rate in force or Double Taxation Avoidance Act rat
196B – Income from units -- Individual: 10% Company: 10% 20%
196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend) Individual: 10% Company: 10% 20%
196D – Income of FIIs from securities -- Individual: 20% Company: 20% 20%

 

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