Rate of TDS

TDS / TCS RATES FOR F.Y.2020-21

SectionNature of PaymentThreshold Limit of Payment01-04-2020 to 31-03- 2021
192

Income from Salary

Senior Citizen (60 Years)Rs. 3,00,000Average rate of Tax +  Health & Education Cess (Surcharge if Salary > 50 Lacs)
Super Senior Citizen (80 Years)Rs. 5,00,000
OthersRs. 2,50,000
192APremature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)Rs. 50,00010%
193

* Interest on Securities

Rs. 10,00010%
194A

Interest from a Banking Company

Rs. 40,000 per annum /Rs. 50,000 per annum for Senior citizen10%
194A

Interest other than from a Banking Company

Rs. 5,000 per annum10%
194B

Winning from Lotteries & Cross Word Puzzles

Rs. 10,000 per annum30%
194BBWinnings from horse racesRs. 10,000 per annum30%
194C

Transporters with valid PAN & to whom 44AE applicable

0%
194CPayment to Contractors; Sub-contractor; Advertising Contractors (including other transporters)Rs.30,000 per contract (or)
Rs. 1,00,000 per annum
Individual/HUF 1% Others 2%
194DInsurance CommisionRs. 15,000Resident:5%
Domestic Company:10%
194DA

Payment under life insurance policy (including Bonus)

Rs.1,00,000 per annum1%
194E

Non-resident Sportman or Sports Association

20%
194EE

Out of deposit under NSS

Rs.2,500
Individual or HUF 10%
Other NA
194G

Commission on Sale of Lottery Tickets

Rs. 15,0005%
194H**Commission/BrokerageRs. 15,000 per annum5%
194-I**Rent on Plant / MachineryRs. 2,40,000 per annum2%
194-I

**Land or building or furniture or fitting

Rs. 2,40,000 per annum10%
194-IAPayment or transfer of Non -agricultural immovable propertyRs. 50,00,000 & above1%
194-IBRent payable by an individual or HUF not covered u/s. 194I

Rs.50,000 per month

 

5%

194-ICPayment of monetary consideration under Joint Development Agreements

10%
194JFees for Professional / Technical ServicesRs. 30,000 per annum2% (For Call Centre,fees for technical services,Royalty,non compete fees)
10% (For Others)
194LACompulsory Acquisition of immovable PropertyRs. 2,50,00010%
194LBBInvestment fund paying an income to a unit holder

10% or Invalid PAN 20%
Non-Resident 30%
Foreign Company 40%
194LBCIncome in respect of investment made in a securitisation trust

Individual or HUF 25%
Other 30%
Foreign Company 40%

* Only for Debenture in which the public are substantially interested
** Other than Individual or HUF except those covered u/s 44AB

TCS Rates

206C

Scrap

1.00%
206C

Tendu Leaves

5.00%
206CTimber obtained under a forest lease or other mode

2.50%
206CAny other forest produce not being a Timber or tendu leave

2.50%
206C

Alcoholic Liquor for Human Consumption

1.00%
206CPacking lot, toll plaza, mining & quarrying

2.00%
206CPurchase of coal lignite, Iron ore by a trader1.00%
206CSale Value of Motor vehicle whether in cheque or in any other mode of receiptExceeding Rs. 10 Lakhs per transaction1.00%

Notes

 –  Rates without PAN – Double rate as above or 5%, whichever is higher

1. Surcharges & Education Cess

Type of PaymentSurcharge
RateHealth and Education Cess (4.00%)
Salary (Resident & Non- resident)Upto 50 LacsNilYes
50 Lacs to  1 Crore10%
Salary (Resident & Non- resident)> 1 Crore15%Yes
Other Payments to ResidentsNoNilNo
Other Payments to Non-Residents   
Payment to Non-Residents (other than Cos)Upto 1crNilYes
> 1 Crore15%
Payments to Foreign Co.Upto 1crNilYes
> 1 Crore2%
> 10 Crores5%

 

Interest on delay in deposit of tax after deduction

Stage of deduction

Rate per month or part of the month

From date when deductible till actual deduction

1.00%

From date of deduction till payment

1.50%