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| Section
Nature of Payment |
Thres-hold Limit (Rs) | TDS Rate (%)
Upto 13th May, 2020 |
TDS Rate (%)
From 14th May, 2020 |
||
| Resident | Non – Resident [*]
|
Resident | Non – Resident [*] | ||
| Section 192: Payment of salary | – | Normal Slab Rate | Normal Slab Rate | Normal Slab Rate | Normal Slab Rate |
| Section 192A: Payment of accumulated balance of provident fund which is taxable in the hands of an employee | 50, 000 | 10 | 10.40
(Not applicable for Foreign Companies) |
10 | 10.40
(Not applicable for Foreign Companies) |
| Section 193: Interest on securities | |||||
| a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act; | – | 10 | – | 7.5 | – |
| b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; | – | 10 | – | 7.5 | – |
| c) any security of the Central or State Government;
[i.e. 8% Savings (Taxable) Bonds, 2003 and 7.75% Saving (Taxable) Bonds, 2018] |
10, 000 | 10
|
– | 7.5 | – |
| d) interest on any other security | – | 10 | – | 7.5 | – |
| Section 194: Dividend | 5, 000
(w.e.f. 1/4/2020) |
10 | – | 7.5 | – |
| Section 194A: – Interest other than interest on securities – Others | 5, 000 | 10 | – | 7.5 | – |
| Section 194A: Banks / Co-operative society engaged in business of banking / Post Office | 40, 000 | 10 | – | 7.5 | – |
| Section 194A: Senior citizen
The interest amount should be earned from the following: -Deposits with banks; -Deposits with post offices -Fixed deposit schemes -Recurring deposit schemes |
50, 000 | 10 | – | 7.5 | – |
| Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort | 10, 000 | 30 | 31.20 | 30 | 31.20 |
| Section 194BB: Income by way of winnings from horse races | 10, 000 | 30 | 31.20 | 30 | 31.20 |
| Section 194C: Payment to contractor / sub-contractor | Rs 30, 000 per contract or Rs 1, 00, 000 for aggregate amount during the year | ||||
| a) HUF/ Individuals | 1 | – | 0.75 | – | |
| b) Others | 2 | – | 1.50 | – | |
| Section 194D: Insurance commission | 15, 000 | 5 | – | 3.75 | – |
| Section 194DA: Payment in respect of life insurance policy w.e.f. 1/9/2019, the tax shall be deducted on the amount of income comprised in insurance pay-out | 1, 00, 000 | 5 | – | 3.75 | – |
| Section 194E: Payment to non-resident sportsmen /sports association | – | – | 20.80 | – | 20.80 |
| Section 194EE: Payment in respect of deposit under National Savings scheme | 2, 500 | 10 | 10.40
(Not applicable for Foreign Companies) |
7.5 | 10.40
(Not applicable for Foreign Companies) |
| Section 194F: Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India | – | 20 | 20.80
(Not applicable for Foreign Companies) |
15 | 20.80
(Not applicable for Foreign Companies) |
| Section 194G: Commission, etc., on sale of lottery tickets | 15, 000 | 5 | 5.20 | 3.75 | 5.20 |
| Section 194H: Commission or brokerage | 15, 000 | 5 | – | 3.75 | – |
| Section 194I: Rent | 2, 40, 000 | ||||
| a) Plant & Machinery | 2 | – | 1.5 | – | |
| b) Land or building or furniture or fitting | 10 | – | 7.5 | – | |
| Section 194-IA: Payment on transfer of certain immovable property other than agricultural land | 50, 00, 000 | 1 | – | 0.75 | – |
| Section 194-IB: Payment of rent by individual or HUF not liable to tax audit | Rent for the month or part of the month exceeds Rs 50, 000 | 5 | – | 3.75 | – |
| Section 194-IC: Payment of monetary consideration under Joint Development Agreements | – | 10 | – | 7.5 | – |
| Section 194J: Payment for fees for Technical services, Professional services or royalty etc. | Rs 30, 000 p.a | ||||
| a) Cases, wherein, the payee is engaged in the business of the operation of Call Centre only (effective from 1st June 2017) | 2 | – | 1.5 | – | |
| b) In case of fees for technical services (not being a professional royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic film) (effective from 1st April 2020) | 2 | – | 1.5 | – | |
| c) Professional royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic film | 10 | – | 7.5 | – | |
| d) In case of fees for any other professional services | 10 | – | 7.5 | – | |
| e) In case the payee fails to furnish PAN | 20 | – | 20 | – | |
| Section 194K: Payment of any income in respect of
a) Units of a Mutual Fund as per Section 10(23D) b) Units from the administrator c) Units from specified company (This Section is inserted by Finance Act, 2020 which is applicable from 01/04/2020) |
– | 10 | – | 7.5 | – |
| Section 194LA: Payment of compensation on acquisition of certain immovable property | 2, 50, 000 | 10 | – | 7.5 | – |
| Section 194LB: Payment of interest on infrastructure debt fund | – | – | 5.20 | – | 5.20 |
| Section 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 | – |
| Section 194LBA(2): Payment of the nature referred to in Section 10(23FC)(a) | – | – | 5 | – | 5 |
| Section 194LBA(2): Payment of the nature referred to in Section 10(23FC)(b) | – | – | 10 | – | 10 |
| Section 194LBA(3): Business trust shall deduct tax while distributing any income received from renting or leasing or letting out any real estate asset owned directly by it to its unit holders. | – | – | For Non Resident Individual – 31.20
For Foreign Company – 41.6 |
– | For Non Resident Individual – 31.20
For Foreign Company – 41.6 |
| Section 194LBB: Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] | – | 10 | For Non Resident Individual – 31.20.
For Foreign Company – 41.6 |
7.5 | For Non Resident Individual – 31.20.
For Foreign Company – 41.6 |
| Section 194LBC: Income in respect of investment made in a securitisation trust (specified in Explanation of section 115TCA) | – | 25% in case of Individual or HUF
30% in case of other resident person 10% in case of Domestic Companies
|
For Non Resident Individual – 31.20
For Foreign Company – 41.6 |
18.75% in case of Individual or HUF
22.50% in case of other resident person 7.5% in case of Domestic Companies
|
For Non Resident Individual – 31.20
For Foreign Company – 41.6 |
| Section 194LC: Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)
Note: Now TDS at concessional rate of 5% will be applicable for borrowings made after April 1, 2020 but before July 1, 2023. |
– | – | 5.20
[In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC then rate will be 4.16%] |
– | 5.20
[In case where interest is payable in respect of Long-term Bond or Rupee Denomi-nated Bond listed on recognised stock exchange located in IFSC then rate will be 4.16%] |
| Section 194LD: Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor
Note: Now TDS at concessional rate of 5% will be applicable for borrowings made after April 1, 2020 but before July 1, 2023. |
– | – | 5.20 | – | 5.20 |
| Section 194M: Payment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J.
Tax shall be deducted under section 194M with effect from 1/09/2019. |
50 Lakhs | 5 | – | 3.75 | – |
| Section 194N:
a) Filed the returns of income for all of the three assessment years relevant to the three previous years and cash withdrawals exceeding 1 cr |
– |
2 |
– |
2 |
– |
| b) Not Filed the returns of income for all of the three assessment years relevant to the three previous years: (This provision is applicable w.e.f. 01 July, 2020)
– Cash withdrawals from 20 Lakhs to 1 Cr |
2 (w.e.f. 01 July, 2020) |
– |
2 (w.e.f. 01 July, 2020) |
– |
|
| – Cash withdrawals exceeding 1 cr | 2 | – | 2 | – | |
| Section 194O: Applicable for E-Commerce operator for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform.
(In case the E-commerce participant does not furnish PAN or Aadhar Number to the e-commerce operator, TDS shall be deducted at the rate of 5% under section 206AA of the Act) (This Section is inserted by Finance Act, 2020 which is applicable from 01/10/2020) |
– | 1
(w.e.f. 01st October, 2020) |
– | 0.75
(w.e.f. 01st October, 2020) |
– |
| Section 195: Payment of any other sum to a Non-resident | |||||
| a) Income in respect of investment made by a Non-resident Indian Citizen | – | – | 20.80 | – | 20.80 |
| b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen | – | – | 10.40 | – | 10.40 |
| c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112 | – | – | 10.40 | – | 10.40 |
| d) Income by way of long-term capital gains as referred to in Section 112A | – | – | 10.40 | – | 10.40 |
| e) Income by way of short-term capital gains referred to in Section 111A | – | – | 15.60 | – | 15.60 |
| f) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses 10(33), 10(36) and 112A | – | – | 20.80 | – | 20.80 |
| g) Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC) | – | – | 20.80 | – | 20.80 |
| h) Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a person resident in India | – | – | 10.40 | – | 10.40 |
| i) Income by way of royalty [not being royalty of the nature referred to point g) above E] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy | – | – | 10.40 | – | 10.40 |
| j) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy | – | – | 10.40 | – | 10.40 |
| k) Any other income | – | – | 31.20 | – | 31.20 |
| Section 196B: Income from units (including long-term capital gain on transfer of such units) to an offshore fund | – | – | 10.40 | – | 10.40 |
| Section 196C: Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) | – | – | 10.40 | – | 10.40 |
| Section 196D: Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) | – | – | 20.80 | – | 20.80 |
We are an ISO 9001:2015 certified company
