TDS Rate

TDS Rate for F.Y. 2020-21 (A.Y: 2021-22)

Section	Nature of payment	Threshold Limit	Applicable from 01/04/2020 to 13/05/2020		Applicable from 14/05/2020 to 31/03/2021
			Resident	Non-resident *	Resident	Non-resident *
		Rs.	TDS Rate (%)	TDS Rate (%)	TDS Rate (%)	TDS Rate (%)
192	Salaries	–	Normal slab rate	Normal slab rate	Normal slab rate	Normal slab rate
192A	Premature withdrawal from EPF	50000	10	10	10	10
193	Interest on securities – 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year	10000	10	–	7.5	–
193	Interest on securities – Interest on securities for money issued by or on behalf of any local authority/statutory corporation, listed debentures of a company(other than demat form), any other interest on securities	5000	10	–	7.5	–
194	Dividends	5000	10	–	7.5	–
194A	Interest (Banking co., co-operative society engaged in banking, post office)	40000	10	–	7.5	–
194A	Interest (Any other person)	5000	10	–	7.5	–
194B	Winning from lotteries	10000	30	30	30	30
194BB	Winning from Horse race	10000	30	30	30	30
194C	Contractor-Single transaction-Individual/HUF -Others	30000	1 2	– –	0.75 1.5	– –
194C	Contractor – Consolidated Payment During the F.Y. – Individual/HUF – Others	100000	1 2	– –	0.75 1.5	– –
194D	Insurance commission – Other than Company – Company	15000	5 10	– –	3.75 10	– –
194DA	Maturity of Life insurance policy	100000	5	–	3.75	–
194E	Non-resident sportsmen or sports association	–	–	20	–	20
194EE	NSS	2500	10	10	7.5	10
194F	Repurchase units by MFs	–	20	20	15	20
194G	Commission-Lottery	15000	5	5	3.75	5
194H	Commission/Brokerage	15000	5	–	3.75	–
194I	Rent of – Plant/Machinery /Equipment – Land and Building/Furniture & Fixture	240000	2 10	– –	1.5 7.5	– –
194IA	Transfer of certain immovable property other than agriculture land	50 lacs	1	–	0.75	–
194IB	Rent by Individual/HUF	50000 per month	5	–	3.75	–
194IC	Payment under Joint Development Agreements to Individual/HUF	–	10	–	7.5	–
194J	Professional Fees	30000	10	–	7.5	–
194J	Technical Fees (w.e.f. 01.04.2020)	30000	2	–	1.5	–
194J	Payment to call centre operator (w.e.f. 01.06.2017)	30000	2	–	1.5	–
194J	Director’s fees	–	10	–	7.5	–
194K	Payment of any income in respect of (a) units of a mutual fund as per section 10(23D); or (b) the units from the administrator; or (c) units from specified company (w.e.f. 01.04.2020)	5000	10	–	7.5	–
194LA	Compensation on transfer of certain immovable property other than agriculture land (TDS exempted if covered under RFCTLARR Act w.e.f. 01.04.2017)	250000	10	–	7.5	–
194LB	Income by way of interest from infrastructure debt fund	–	–	5	–	5
194LBA	Income from units of business trust – interest received or receivable from a special purpose vehicle; or – dividend referred to in sub-section (7) of section 115-O	–	10 10	5 10	7.5 7.5	5 10
194LBA	Distribution of rental income to unit holders – Other than Comapany – Company	–	10 10	30 40	7.5 7.5	30 40
194LBB	Income in respect of units of investment fund – Other than Company – Company	–	10 10	30 40	7.5 7.5	30 40
194LBC	Income in respect of investment in securitization fund – Individual/HUF – Company – Other Person	–	25 30 30	30 40 30	18.75 22.5 22.5	30 40 30
194LC	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	–	–	5	–	5
194LC	Income by way of interest by an Indian specified company on rupee denominated bond / any long-term bonds from outside India, which is listed only on a recognized stock exchange located in any International Financial Services Centre	–	–	4	–	4
194LD	Interest on certain bonds from Govt. securities	–	–	5	–	5
194M	Certain payments by Individual/HUF	50 lakh	5	–	3.75	–
194N	Payment of certain amount in cash	1 Crore	2	2	2	2
194N	Payment of certain amount in cash (first proviso of section 194N)if- – Amount is more than Rs.20 lakh but up to Rs. 1 crore – Amount exceeds Rs. 1 crore (Applicable from 01.07.2020)		N.A. N.A.	N.A. N.A.	2 5	2 5
194-O	Applicable for e-commerce operator for the sale of goods or provision of services facilitated by it through its digital or electronic facility or platform (Applicable from 01.10.2020)	–	N.A	–	0.75	–
195	Income of Investment made by an NRI	–	–	20	–	20
195	Long-term capital gain – Under Section – 115E/ 112(1)(c)(iii)/112A – Any Other Gains	–	– –	10 20	– –	10 20
195	Short-term capital gain – 111A	–	–	15	–	15
195	Royalty	–	–	10	–	10
195	Fees for technical services	–	–	10	–	10
195	Interest income payable by Govt./Indian concern (other than section 194LB or 194LC)	–	–	20	–	20
195	Any Other Income – Other than Company – Company	–	– –	30 40	– –	30 40
196A	Income in respect – – of units of a Mutual Fund specified under clause (23D) of section 10; or – from the specified company referred to in the Explanation to clause (35) of section 10	–	–	20	–	20
196B	Income from units to an offshore fund	–	–	10	–	10
196C	Income from foreign currency bonds or GDR of an Indian company	–	–	10	–	10
196D	Income of foreign Institutional Investors from securities (not being dividend or capital gain)	–	–	20	–	20