Thursday, April 25, 2019

TDS Rates Chart for FY 2019-20 | AY 2020-21 / Tds Rate Chart 2019-20

TDS Rates Chart for FY 2019-20 | AY 2020-21 / Tds Rate Chart 2019-20:

TDS Rate Chart for FY 2019-20|TDS Rate Chart for AY 2020-21

TDS Rates Chart for FY 2019-20| AY 2020-21: TDS Rates Chart for Financial Year 2019-20 | Assessment Year 2020-21 vide Finance Act 2019. Due Dates for E-Filing of TDS/TCS Return FY 2019-20 | AY 2020-21. Below is updated TDS rate chart considering the amendments made by Finance Act, 2019.

Tax Deducted at Source (TDS) Rate Chart| Slab for Financial Year (FY) 2019-20 | Assessment Year (AY) 2020-21

Buy E-TDS Returns Sotware for F.Y. 2018-19 @ Discounted Prices

TDS RATE CHART

TDS Rates Chart for FY 2019-20 | AY 2020-21 / Tds Rate Chart 2019-20

Sl. No. Nature of

Payment

Section Basic Cut-off (Rs.) p.a. TDS rate for
Individual and HUF Other than Individual/ HUF If PAN is not submitted/ Invalid PAN
1 Payment of Salaries by Employers 192 Slab rate Slab rate Not applicable 30%
2 Premature payment by PF Organization from EPF A/c (i.e. before 5 Years). 192A 50,000.00 10% Not applicable 20%
3 Payment of Interest on Securities by company. 193 10,000.00 10% 10% 20%
4 Payment of Dividend other than dividend as referred to Section 115O by company (i.e. Dividend on which Dividend Distribution Tax is not paid) 194 2,500.00 10% 10% 20%
5 Payment of Interest by bank 194A 40000 (Non Sr. Citizen)

50000 (Sr. Citizen)

10% 10% 20%
6 Payment of Interest by others 194A 5,000.00 10% 10% 20%
7 Payment of prize from Wining from Lotteries by any person. 194B 10,000.00 30% 30% 30%
8 Payment of prize from Wining from Horse Race by any person. 194B 10,000.00 30% 30% 30%
9 Payment to Contractors by any person. 194C 30000 (Single bill) or 1 Lakh aggregate bills during the year. 1% 2% 20%
10 Payment to Transporter Covered u/s. 44E and submit declaration in prescribed format. (i.e. owning less than 10 goods carriages) 194C 0 0 20%
11 Payment to Transporter not covered u/s. 44E (i.e. owning more than 10 goods carriages) 194C 30000 (Single bill ) or 75,000.00 aggregate bills during the year. 1% 2% 20%
12 Payment of Insurance Commission to agents by Insurance Company. 194D 15,000.00 5% 10% 20%
13 Payment in respect of maturity of Life Insurance Policy by Life Insurance Company. 194DA 1 Lakh 1% 1% 20%
14 Payment to NRI sportsman or association by any person or organization 194E 20% 20% 20%
15 Payment out of deposit under National Saving Scheme (NSS) 194EE 2,500.00 10% 10% 20%
16 Payment with respect to repurchase of units by Mutual Fund Companies. 194F 20% 20% 20%
17 Payment of Lottery Commission 194G 15,000.00 5% 5% 20%
18 Payment of commission or Brokerage 194H 15,000.00 5% 5% 20%
19 Payment of rent on land, building, furniture and fittings. 194I 2,40,000.00 10% 10% 20%
20 Payment of rent on plant, machinery or equipments. 194I 2,40,000.00 2% 2% 20%
21 Payment made on account of transfer of immovable property other than agriculture land. 194IA 50 Lakh 1% 1% 20%
22 Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings 194IB 50,000.00 PM 5% 5% 20%
23 Payment of Professional Fees other than call centers 194J 30,000.00 10% 10% 20%
24 Payment of Professional Fees to call centers. 194J 30,000.00 2% 2% 20%
25 Compensation on transfer of certain immoveable property than Agriculture Land 194LA 2,50,000.00 10% 10% 20%

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