TDS RATE CHART FOR FY: 2019-2020 (AY: 2020-2021)

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

40,000.00

(Non Sr. Citizen)

50,000.00

(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

30,000.00

(Single bill) or

1 Lakh

aggregate bills during 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

30,000.00

(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

240,000.00

10%

10%

20%

20

Payment of rent on plant, machinery or equipment

194I

240,000.00

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

250,000.00

10%

10%

20%

 
     
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