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    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. 3,00,000
    Average 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. 50,000
    10%
    193

    * Interest on Securities

    Rs. 10,00010% &
     (7.5% from 14/05/2020 to 31/03/2021)
    194Dividend—
    Dividend other than the dividend as referred to in Section 115-O
    10% &
    (7.5% from 14/05/2020 to 31/03/2021)
    194A

    Interest from a Banking Company

    Rs. 40,000 per annum /Rs. 50,000 per annum for Senior citizen10% &
     (7.5% from 14/05/2020 to 31/03/2021)
    194A

    Interest other than from a Banking Company

    Rs. 5,000 per annum10% &
    (7.5% from 14/05/2020 to 31/03/2021)
    194B

    Winning from Lotteries & Cross Word Puzzles

    Rs. 10,000 per annum30%
    194BBWinnings from horse racesRs. 10,000 per annum30%
    194CPayment to contractor/sub-contractorRs.30,000 per contract (or)
    Rs. 1,00,000 per annum
    Individual/HUF 1% Others 2% &
    (Individual/HUF 0.75% , Others 1.5% from 14/05/2020 to 31/03/2021)
    194DInsurance CommisionRs. 15,000
    Resident:5% & ( 3.75% from 14/05/2020 to 31/03/2021)
    Domestic Company:10% & ( 7.5% from 14/05/2020 to 31/03/2021)
    194DA

     

     

     

     

    Payment under life insurance policy (including Bonus)

     

    - With effect from September 1, 2019 : 5% of the amount of income comprised in payment

    Rs.1,00,000 per annum

     

     

     

     

     1%

     

     

     5% & 
    (3.75% from 14/05/2020 to 31/03/2021)

     

    194E

    Non-resident Sportman or Sports Association

    -

    20%
    194EE

    Out of deposit under NSS

    Rs.2,500
    Individual or HUF 10%
    & (7.5% from 14/05/2020 to 31/03/2021)
    Other NA
    194FPayment on account of repurchase of unit by Mutual Fund or Unit Trust of India 20% &
    (15% from 14/05/2020 to 31/03/2021)
    194G

    Commission on Sale of Lottery Tickets

    Rs. 15,000
    5% &
    (3.75% from 14/05/2020 to 31/03/2021)
    194H**Commission/BrokerageRs. 15,000 per annum
    5% &
    (3.75% from 14/05/2020 to 31/03/2021)
    194-I(a)**Rent on Plant / MachineryRs. 2,40,000 per annum2% &
    (1.75% from 14/05/2020 to 31/03/2021)
    194-I(b)

    **Land or building or furniture or fitting

    Rs. 2,40,000 per annum10% &
    (7.5% from 14/05/2020 to 31/03/2021)
    194-IAPayment or transfer of Non -agricultural immovable propertyRs. 50,00,000 & above1% &
    (0.75% from 14/05/2020 to 31/03/2021)
    194-IB
    Rent payable by an individual or HUF not liable to tax audit
    Rs.50,000 per month


                                                        5% &
                         (3.75% from 14/05/2020 to 31/03/2021)

    194-IC
    Payment of monetary consideration under Joint Development Agreements

    -

    10% &
    (7.5% from 14/05/2020 to 31/03/2021)
    194J




    Fees for Professional / Technical Services



    Rs. 30,000 per annum




    2% (For Call Centre) &
    (1.5% from 14/05/2020 to 31/03/2021)
    10% (For Others) &
    (7.5% from 14/05/2020 to 31/03/2021)
    194-K



    194LA
    Payment of dividend by mutual funds

    Compulsory
    Acquisition of immovable Property
    .


    Rs 2,50,000
    10% &
    (7.5% from 14/05/2020 to 31/03/2021)


    10% &
    (7.5% from 14/05/2020 to 31/03/2021)
    194LBA(1)Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.-10% &
    (7.5% from 14/05/2020 to 31/03/2021)
    194LBB(i)Investment fund paying an income to a unit holder  [other than income which is exempt under Section 10(23FBB)]

    -

    10% & (7.5% from 14/05/2020 to 31/03/2021)
     Invalid PAN 20%
    Non-Resident 30%
    Foreign Company 40%
    194LBC(1)Income in respect of investment made in a securitisation trust 

    -

    Individual/HUF 25% &( 18.75% from 14/05/2020 to 31/03/2021)
    Other 30% & (22.5% from 14/05/2020 to 31/03/2021)
    Foreign Company 40%
    194MTDS on payment to resident contractors and professionals (other than those who covered u/s 194C or 194J) by individual/HUF not liable for tax audit.Rs. 50 lacs5% (w.e.f 01.09.2019) &
    (3.75% from 14/05/2020 to 31/03/2021)
    194N



    194-O
    TDS on cash withdrawal from Bank, Post office etc.


    Tds on E-commerce participants
    Rs. 1 crore




    2% (w.e.f 01.09.2019)



    (0.75% w.e.f 01/10/2020 to 31/03/2021)

    * 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% &
    (0.75% from 14/05/2020 to 31/03/2021)
    206C 

    Tendu Leaves

    -

    5.00% &
    (3.75% from 14/05/2020 to 31/03/2021)
    206C 

    Timber obtained under a forest lease or other mode

    -

    2.50% &
    (1.875% from 14/05/2020 to 31/03/2021)
    206C 

    Any other forest produce not being a Timber or tendu leave

    -

    2.50% &
    (1.875% from 14/05/2020 to 31/03/2021)
    206C

    Alcoholic Liquor for Human Consumption

    -

    1.00%
    206C

    Parking lot, toll plaza, mining & quarrying

    -

    2.00% &
    (1.5% from 14/05/2020 to 31/03/2021)
    206CPurchase of coal lignite, Iron ore by a trader-1.00% &
    (0.75% from 14/05/2020 to 31/03/202

    206C




    206C 






    Sale Value of Motor vehicle whether in cheque or in any other mode of receipt



    Sale of any other goods








    Exceeding Rs. 10 Lakhs per transaction










    1.00% &
    (0.75% from 14/05/2020 to 31/03/2021)




    (0.075% w.e.f 01/10/2020 to 31/03/2021)




    Notes

    1. Surcharges & Education Cess

    Type of PaymentSurcharge
    RateHealth and Education Cess (4.00%)
    Salary (Resident & Non- resident)Upto 50 Lacs
    NilYes
    50 Lacs to  1 Crore10%
    Salary (Resident & Non- resident)
    > 1 Crore but upto 2 Crore

    > 2 crore but upto 5 crore

    > 5 crore

    15%

     25 %

     37 %

    Yes

    Yes

    Yes

    Other Payments to ResidentsNoNilNo
    Other Payments to Non-Residents


    Payment to Non-Residents (other than Cos)Up to Rs. 50 lakhNilYes
    Payment to Non-Residents (other than Cos)More than Rs. 50 lakh but up to Rs. 1 crore10%Yes

    Yes

    Yes

    Yes

    More than Rs. 1 crore but upto 2 crore

    More than Rs. 2 crore but upto 5 crore

    More than Rs. 5 crore

    15%

    25%

    37%

    Payments to Foreign Co.Upto 1crNil Yes

    Yes

    Yes

     

     

     

    > 1 Crore2%
    > 10 Crore

     

     

     

    5%

     

     

     

     Interest for failure to deduct tax at source/delay in payment of TDS

    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%



    TDS / TCS RATES FOR F.Y.2019-20

    Section Nature of Payment Threshold Limit of Payment 01-04-2019 to 31-03- 2020
    192

    Income from Salary

    Senior Citizen (60 Years)

    Rs. 3,00,000
    Average rate of Tax +  Health & Education Cess (Surcharge if Salary > 50 Lacs)

    Super Senior Citizen (80 Years)

    Rs. 5,00,000
    Others Rs. 2,50,000
    192A Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
    Rs. 50,000
    10%
    193

    * Interest on Securities

    Rs. 10,000 10%
    194 Dividend—
    Dividend other than the dividend as referred to in Section 115-O
    10%
    194A

    Interest from a Banking Company

    Rs. 40,000 per annum /Rs. 50,000 per annum for Senior citizen 10%
    194A

    Interest other than from a Banking Company

    Rs. 5,000 per annum 10%
    194B

    Winning from Lotteries & Cross Word Puzzles

    Rs. 10,000 per annum 30%
    194BB Winnings from horse races Rs. 10,000 per annum 30%
    194C Payment to contractor/sub-contractor Rs.30,000 per contract (or)
    Rs. 1,00,000 per annum
    Individual/HUF 1% Others 2%
    194D Insurance Commision Rs. 15,000
    Resident:5%
    Domestic Company:10%
    194DA

     

     

     

     

    Payment under life insurance policy (including Bonus)

     

    - With effect from September 1, 2019 : 5% of the amount of income comprised in payment

    Rs.1,00,000 per annum

     

     

     

     

     1%

     

     

     5%

     

    194E

    Non-resident Sportman or Sports Association

    -

    20%
    194EE

    Out of deposit under NSS

    Rs.2,500
    Individual or HUF 10%
    Other NA
    194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India   20%
    194G

    Commission on Sale of Lottery Tickets

    Rs. 15,000
    5%
    194H **Commission/Brokerage Rs. 15,000 per annum
    5%
    194-I **Rent on Plant / Machinery Rs. 2,40,000 per annum 2%
    194-I

    **Land or building or furniture or fitting

    Rs. 2,40,000 per annum 10%
    194-IA Payment or transfer of Non -agricultural immovable property Rs. 50,00,000 & above 1%
    194-IB
    Rent payable by an individual or HUF not liable to tax audit
    Rs.50,000 per month


    5%

    194-IC
    Payment of monetary consideration under Joint Development Agreements

    -

    10%
    194J Fees for Professional / Technical Services Rs. 30,000 per annum 2% (For Call Centre)
    10% (For Others)
    194LA
    Compulsory Acquisition of immovable Property Rs. 2,50,000
    10%
    194LBA Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders. - 10%
    194LBB Investment fund paying an income to a unit holder  [other than income which is exempt under Section 10(23FBB)]

    -

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

    -

    Individual or HUF 25%
    Other 30%
    Foreign Company 40%
    194M TDS on payment to resident contractors and professionals (other than those who covered u/s 194C or 194J) by individual/HUF not liable for tax audit. Rs. 50 lacs 5% (wef 01.09.2019)
    194N TDS on cash withdrawal from Bank, Post office etc. Rs. 1 crore 2% (wef 01.09.2019)

    * 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%
    206C

    Timber obtained under a forest lease or other mode

    -

    2.50%
    206C

    Any other forest produce not being a Timber or tendu leave

    -

    2.50%
    206C

    Alcoholic Liquor for Human Consumption

    -

    1.00%
    206C

    Packing lot, toll plaza, mining & quarrying

    -

    2.00%
    206C Purchase of coal lignite, Iron ore by a trader - 1.00%
    206C Sale Value of Motor vehicle whether in cheque or in any other mode of receipt Exceeding Rs. 10 Lakhs per transaction 1.00%

    Notes

    1. Surcharges & Education Cess

    Type of Payment Surcharge
    Rate Health and Education Cess (4.00%)
    Salary (Resident & Non- resident) Upto 50 Lacs
    Nil Yes
    50 Lacs to  1 Crore 10%
    Salary (Resident & Non- resident)
    > 1 Crore but upto 2 Crore

    > 2 crore but upto 5 crore

    > 5 crore

    15%

     25 %

     37 %

    Yes

    Yes

    Yes

    Other Payments to Residents No Nil No
    Other Payments to Non-Residents


    Payment to Non-Residents (other than Cos) Up to Rs. 50 lakh Nil Yes
    Payment to Non-Residents (other than Cos) More than Rs. 50 lakh but up to Rs. 1 crore 10% Yes

    Yes

    Yes

    Yes

    More than Rs. 1 crore but upto 2 crore

    More than Rs. 2 crore but upto 5 crore

    More than Rs. 5 crore

    15%

    25%

    37%

    Payments to Foreign Co. Upto 1cr Nil  Yes

    Yes

    Yes

     

     

     

    > 1 Crore 2%
    > 10 Crore

     

     

     

    5%

     

     

     

     Interest for failure to deduct tax at source/delay in payment of TDS

    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%


     
         
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