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TDS RATE CHART F.Y. 2019-20 (A.Y. 2020-21) : WWW - Bharatax.in

This document outlines the TDS (Tax Deducted at Source) rates in India for the fiscal year 2019-2020. It lists various sections of income, thresholds for TDS deduction, and applicable TDS rates for individuals/HUFs and others. Some key points include: - Section 192 outlines TDS on salaries at average rates. - Section 194 outlines TDS on dividends at 10% for amounts over Rs. 2,500. - Section 194A outlines TDS on interest income from banks at 10% for amounts over Rs. 10,000/50,000 depending on age. - Section 194C outlines TDS on payments to contractors at 1-2%

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Gajendra Singh Rajpurohit Chadwas III
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57 views1 page

TDS RATE CHART F.Y. 2019-20 (A.Y. 2020-21) : WWW - Bharatax.in

This document outlines the TDS (Tax Deducted at Source) rates in India for the fiscal year 2019-2020. It lists various sections of income, thresholds for TDS deduction, and applicable TDS rates for individuals/HUFs and others. Some key points include: - Section 192 outlines TDS on salaries at average rates. - Section 194 outlines TDS on dividends at 10% for amounts over Rs. 2,500. - Section 194A outlines TDS on interest income from banks at 10% for amounts over Rs. 10,000/50,000 depending on age. - Section 194C outlines TDS on payments to contractors at 1-2%

Uploaded by

Gajendra Singh Rajpurohit Chadwas III
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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TDS RATE CHART F.Y. 2019-20 (A.Y.

2020-21)
Section Nature of Payment Threshold Indv / HUF Others
Rs. TDS Rate (%) TDS Rate (%)
192 Salaries - Avg -
192A Premature withdrawal from EPF 50,000 10% -
193 Interest on Securities 10,000 10% 10%
194 Dividends 2,500 10% 10%
Interest (Banks) / For those who are 60 years or older,
194A TDS will only be deducted if the interest income 10,000 / 50,000 10% 10%
exceeds Rs.50,000 in a given financial year.
Interest (Others) / For those who are 60 years or
194A older, TDS will only be deducted if the interest 5,000 / 50,000 10% 10%
income exceeds Rs.50,000 in a given financial year.
194B Winning from Lotteries 10,000 30% 30%
194BB Winning from Horse Race 10,000 30% 30%
194C Contractor - Single Transaction 30,000 1% 2%
Contractor - During the F.Y.
194C 1,00,000 1% 2%
(including Transporter with more than 10 carriages)
Transporter (44AE) declaration with PAN (upto 10
194C - - -
Carriages)
194D Insurance Commission (15G - 15H allowed) 15,000 5% 10%
194DA Life insurance Policy 1,00,000 1% 1%
194E Non-Resident Sportsmen or Sports Association - 20% 20%
194EE NSS 2,500 10% 10%
194F Repurchase Units by MFs - 20% 20%
194G Commission - Lottery 15,000 5% 5%
194H Commission / Brokerage 15,000 5% 5%
194I Rent of Land and Building 1,80,000 10% 10%
194I Rent of Plant / Machinery / Equipment 2,40,000 2% 2%
Transfer of certain immovable property other than
194IA 50,00,000 1% 1%
agriculture land
194IB Rent by Individual / HUF (wef 01.06.2017) 50000/PM 5% 0%
194J Professional Fees / Technical Fees / etc. 30,000 10% 10%
Payment to Call Centre Operator
194J 30,000 2% 2%
(wef 01.06.2017)
Compensation on transfer of certain
194LA immovable property other than 2,50,000 10% 10%
agricultural land

Note : 1 Surcharge is not deductible on payments made to residents, other than salary.

Note : 2 TDS Rate without PAN-20% Flat (if TDS Rate is lower than 20%)

Note : 3 In case of non-resident, surcharge would be applicable on TDS.

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