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In my earlier post on TDS Compliances,  I have shared what TDS was all about. When it is required to deduct? What are its due dates?

Now, in this post I would like to share the Section wise TDS rates and the threshold limit thereon for TDS deduction in FY 2020-21.

In order to meet out economic situation arising out of Covid-19 pandemic, the TDS rates for certain non-salaried payments made to residents is reduced by 25% for the period from 14th May, 2020 to 31st March, 2021.

 

TDS CHART FOR FY 2020-21

 

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 30000        
transaction-Individual/HUF 1 0.75
           -Others 2 1.5
194C Contractor – Consolidated Payment During the F.Y. 100000        
– Individual/HUF 1 0.75
– Others 2 1.5
194D Insurance commission 15000 5 3.75
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 240000 2 1.5
– Land and Building/Furniture & Fixture 10 7.5
194IA Transfer of immovable property not being agriculture land 50 lakh 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 5000 10 7.5
(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)
194LA Compensation on transfer of immovable property not being  agriculture land 250000 10 7.5
194LB Income from interest on infrastructure debt fund 5 5
194LBA Income from units of business trust        
– interest received/receivable from a special purpose vehicle (SPV); or 10 5 7.5 5
– dividend as referred in  section 115-O (7) 10 10 7.5 10
194LBA Distribution of rental income to unit holders        
– Other than Comapany 10 30 7.5 30
– Company 10 40 7.5 40
194LBB Income in respect of units of investment fund        
– Other than Company 10 30 7.5 30
– Company 10 40 7.5 40
194LBC Income in respect of investment in securitization fund        
– Individual/HUF 25 30 18.75 30
– Company 30 40 22.5 40
– Other Person   30 30 22.5 30
194LC Income from 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   N.A. N.A. 2 2
  –  Amount exceeds Rs. 1 crore (Applicable from 01.07.2020)   N.A. N.A. 5 5
194-O Applicable for e-commerce operator 1 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 10 10
– Any Other Gains 20 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 30 30
                 – Company 40 40
         
196A Income in respect – 20 20
– of units of a Mutual Fund specified under section 10 (23D); or
– from the specified company referred to in the Explanation to clause (35) of section 10
196B Income from units to an offshore fund 10 10
196C Income from foreign currency bonds or Global Deposits Receipts (GDR) of an Indian company 10 10
196D Income of foreign Institutional Investors from securities (other than dividend or capital gain) 20 20
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                                                              Which Type of Registration are you looking for?

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                                                              What are the major activities conducted in your business?

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                                                                        Which of the following best describes you?

                                                                        What kind of entity do you have?

                                                                        What is the nature of your Business

                                                                        Our Packages

                                                                        Why do you want GST registration?

                                                                        Do you need assistance in opening a Current Account?

                                                                        What's your organization Name ?

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