Setindiabiz Team |
Updated : June 29, 2024
Updated : June 29, 2024TDS Rates Chart for Financial Year 2020-21
The term ‘TDS’ refers to ‘Tax Deduction at source’. It is a mechanism wherein a person responsible to pay a sum of specified nature shall deduct an amount towards TDS and pay it to the credit of Central Government. Various TDS rates on various incomes have been prescribed under the Income-tax Act. This writes up covers all such TDS Rates Chart
TDS Rate Chart for Financial Year 2020-21 (AY: 2021-22), Last Updated On 14th May 2020
| S No. | Nature of Payment | Section | Basic Annual Cut Off (INR) | w.e.f 1-4-20 to 13-5-20 (Resident) | w.e.f 1-4-20 to 13-5-20 (Non-Resident) | w.e.f 14-5-20 to 31-3-21 (Resident) | w.e.f 14-5-20 to 31-3-21 (Non-Resident) |
|---|---|---|---|---|---|---|---|
| 1. | Salary Payment | 192 | – | Slab | Slab | Slab | Slab |
| 2. | PF premature payment from EPF A/c (i.e. before 5 Years). | 192A | 50,000 | 10 | 10 | 10 | 10 |
| 3. | Interest on securities – 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year | 193 | 10,000 | 10 | – | 7.5 | – |
| 4. | 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 | 193 | 5,000 | 10 | – | 7.5 | – |
| 5. | Dividend Payment (w.e.f. 01.04.2020) | 194 | 5,000 | 10 | – | 7.5 | – |
| 6. | Interest Payment by Banks (Non Senior Citizens / Senior Citizens) | 194A | 40,000 | 10 | – | 7.5 | – |
| 7. | Interest Payment by Others | 194A | 5,000 | 10 | – | 7.5 | – |
| 8. | Payment of prize from Wining from Lotteries by any person. | 194B | 10,000 | 30 | 30 | 30 | 30 |
| 9. | Payment of prize from Wining from Horse Race by any person. | 194B | 10,000 | 30 | 30 | 30 | 30 |
| 10. | Payment to Contractors (Single Bill) (Indvidual/HUF) | 194C | 30,000 | 1 | – | 0.75 | – |
| 10.1 | Payment to Contractors (Single Bill) (Others) | 194C | 30,000 | 2 | – | 1.5 | – |
| 10.2 | Payment to Contractors (Aggregate Bills during the Year (Ind/HUF) | 194C | 1,00,000 | 1 | – | 0.75 | – |
| 10.3 | Payment to Contractors (Aggregate Bills during the Year (Others) | 194C | 1,00,000 | 2 | – | 1.5 | – |
| 11 | Insurance Commission (Company) | 194D | 15,000 | 10 | – | 10 | – |
| 11.1 | Insurance Commission (Other than Company) | 194D | 15,000 | 5 | – | 3.75 | – |
| 12 | Payment in respect of maturity of Life Insurance Policy by Life Insurance Company. | 194DA | 1,00,000 | 5 | – | 3.75 | – |
| 13 | Payment to NRI sportsman or association by any person or organization | 194E | – | – | 20 | – | 20 |
| 14 | Payment out of deposit under National Saving Scheme (NSS) | 194EE | 2,500 | 10 | 10 | 7.5 | 10 |
| 15 | Payment with respect to repurchase of units by Mutual Fund Companies. | 194F | – | 20 | 20 | 15 | 20 |
| 16 | Payment of Lottery Commission | 194G | 15,000 | 5 | 5 | 3.75 | 5 |
| 17 | Payment of commission or Brokerage | 194H | 15,000 | 5 | – | 3.75 | – |
| 18 | Payment of rent on land, building, furniture and fittings. | 194I | 2,40,000 | 10 | – | 7.5 | – |
| 19 | Payment of rent on plant, machinery or equipments. | 194I | 2,40,000 | 2 | – | 1.5 | – |
| 20 | Payment made on account of transfer of immovable property other than agriculture land. | 194IA | 50,00,000 | 1 | – | 0.7 | – |
| 21 | Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings | 194IB | 50,000 p.m. | 5 | – | 3.75 | – |
| 22 | Payment under Joint Development Agreements to Individual/HUF | 194IC | – | 10 | – | 7.5 | – |
| 23 | Payment of Professional Fees other than call centers and Technical Fees | 194J | 30,000 | 10 | – | 7.5 | – |
| 24 | Payment of Technical Fees (w.e.f. 01.04.2020) | 194J | 30,000 | 2 | – | 1.5 | – |
| 25 | Payment of Professional Fees to call centers. | 194J | 30,000 | 2 | – | 1.5 | – |
| 26 | Director’s Fee | 194J | – | 10 | – | 7.5 | – |
| 27 | Compensation on transfer of certain immoveable property than Agriculture Land | 194LA | 2,50,000 | 10 | – | 7.5 | – |
| 28 | Payment of any income in respect of: a) Units of a Mutual Fund as per Section 10(23D) b) The Units from the administrator c) Units from specified company (w.e.f. 01.04.2020) | 194K | 5,000 | 10 | – | 7.5 | – |
| 29 | Payment of certain amount in cash | 194N | 1 Crore | 2 | 2 | 2 | 2 |
| 30 | Certain payments by Individual/HUF | 194M | 50 Lakh | 5 | – | 3.75 | – |
| 31 | 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) | 1,940 | – | – | – | 0.75 | – |
| 32 | Income by way of interest from infrastructure debt fund | 194LB | – | – | 5 | – | – |
| 33.1 | Income from units of business trust – – interest received or receivable from a special purpose vehicle; or | 194LBA | – | 10 | 5 | 7.5 | 5 |
| 33.2 | Income from units of business trust – – dividend referred to in sub-section (7) of section 115-) | 194LBA | – | 10 | 10 | 7.5 | 10 |
| 34.1 | Distribution of rental income to unit holders – Other than Company | 194LBA | – | 10 | 30 | 7.5 | 5 |
| 34.2 | Distribution of rental income to unit holders – Company | 194LBA | – | 10 | 40 | 7.5 | 10 |
| 35.1 | Income in respect of units of investment fund – Other Than Company | 194LBB | – | 10 | 30 | 7.5 | 30 |
| 35.2 | Income in respect of units of investment fund – Company | 194LBB | – | 10 | 40 | 7.5 | 40 |
| 36.1 | Income in respect of investment in securitization fund – Individual/HUF | 194LBC | – | 25 | 30 | 18.75 | 30 |
| 36.2 | Income in respect of investment in securitization fund – Company | 194LBC | – | 30 | 40 | 22.5 | 40 |
| 36.3 | Income in respect of investment in securitization fund – Other Person | 194LBC | – | 30 | 30 | 22.5 | 30 |
| 37 | 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 | 194LC | – | – | 5 | – | 5 |
| 38 | 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 | 194LC | – | – | 4 | – | 4 |
| 39 | Interest on certain bonds from Govt. securities | 194LD | – | – | 5 | – | 5 |
| 40.1 | 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 | 194N | – | – | – | 2 | 2 |
| 40.2 | Payment of certain amount in cash (first proviso of section 194N)if- Amount exceeds Rs. 1 crore (Applicable from 01.07.2020) | 194N | – | – | – | 5 | 5 |
| 41 | Income of Investment made by an NRI | 195 | – | – | 20 | – | 20 |
| 42.1 | Long-term capital gain – u/s -115E/112 (1)©(iii)/112A | 195 | – | – | 10 | – | 10 |
| 42.2 | Long-term capital gain – Any Other Gains | 195 | – | – | 20 | – | 20 |
| 43 | Short-term capital gain – 111A | 195 | – | – | 15 | – | 15 |
| 44 | Royalty | 195 | – | – | 10 | – | 10 |
| 45 | Fees for technical services | 195 | – | – | 10 | – | 10 |
| 46 | Interest income payable by Govt./Indian concern (other than section 194LB or 194LC) | 195 | – | – | 20 | – | 20 |
| 47.1 | Any Other Income Any other company | 195 | – | – | 30 | – | 30 |
| 47.2 | Any Other Income company | 195 | – | – | 40 | – | 40 |
| 48 | 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 | 196A | – | – | 20 | – | 20 |
| 49 | Income from units to an offshore fund | 196B | – | – | 10 | – | 10 |
| 50 | Income from foreign currency bonds or GDR of an Indian company | 196C | – | – | 10 | – | 10 |
| 51 | Income of foreign Institutional Investors from securities (not being dividend or capital gain) | 196D | – | – | 20 | – | 20 |
