Tds Rate chart for FY 2020-21 & AY 2021-22

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Tds Rate chart for FY 2020-21 & AY 2021-22

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Priority="67" SemiHidden="false" UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/> <w:LsdException Locked="false" Priority="68" SemiHidden="false" UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/> <w:LsdException Locked="false" Priority="69" SemiHidden="false" UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/> <w:LsdException Locked="false" Priority="70" SemiHidden="false" UnhideWhenUsed="false" Name="Dark List Accent 6"/> <w:LsdException Locked="false" Priority="71" SemiHidden="false" UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/> <w:LsdException Locked="false" Priority="72" SemiHidden="false" UnhideWhenUsed="false" Name="Colorful List Accent 6"/> <w:LsdException Locked="false" Priority="73" SemiHidden="false" UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/> <w:LsdException Locked="false" Priority="19" SemiHidden="false" UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/> <w:LsdException Locked="false" Priority="21" SemiHidden="false" UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/> <w:LsdException Locked="false" Priority="31" SemiHidden="false" UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/> <w:LsdException Locked="false" Priority="32" SemiHidden="false" UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/> <w:LsdException Locked="false" Priority="33" SemiHidden="false" UnhideWhenUsed="false" QFormat="true" Name="Book Title"/> <w:LsdException Locked="false" Priority="37" Name="Bibliography"/> <w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/> </w:LatentStyles> </xml><![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--> <div align="left"><p class="MsoNormal" style="text-align:center">Tax Deducted at Source (TDS) is a mechanism that has been introduced by the Income Tax Department. Under this, the Deducter <span style="mso-spacerun:yes">&nbsp;</span>is supposed to deduct a certain percentage of income as tax before making the payment to the receiver &amp; the same has been updated in deductees pan so that they can claim that tds amount at the filling of their income tax return.The payment includes salary, commission, professional fees, interest, rent, etc.<span style="mso-ansi-language:EN-IN" lang="EN-IN"></span></p></div>

Tax Deducted at Source (TDS) is a mechanism that has been introduced by the Income Tax Department. Under this, the Deducter  is supposed to deduct a certain percentage of income as tax before making the payment to the receiver & the same has been updated in deductees pan so that they can claim that tds amount at the filling of their income tax return.The payment includes salary, commission, professional fees, interest, rent, etc.


Nature of Payment

Basic Cut off (Rs.)

Individuals and HUF (Rate %)

Company / Firm / LLP / Co-op Society / Local Authority (Rate %)

If No Pan or Invalid PAN (Rate %)

192 – Salaries

Slab Rate

Slab Rates

Slab Rates

30

192A- Premature withdrawal from Employee Provident Fund

50000

NA

10

20

193 – Interest on securities

10

10

20

194 – Dividend other than the dividend as referred to in Section 115-O

2500

10

10

20

194A – Interest other than interest on securities – Others

40000 (for individual)

10

10

20

194A – Banks (Time deposits)

40000 (for individual) 50000 (for Senior Citizens only)

10

10

20

194A – Banks (Recurring deposit)

40000 (for individual) 50000(for Senior Citizens only)

10

10

20

194A – Deposit in Co-op Banks

40000 (for individual) 50000(for Senior Citizens only)

10

10

20

194B – Winning from Lotteries

10000

30

30

30

194BB – Winnings from Horse Race

10000

30

30

30

194C- Payment to Contractor – Single Transaction

30000

1

2

20

194C-Payment to Contractor – Aggregate During the Financial year 

100000

1

2

20

194C- Contract – Transporter not covered under 44AE

30000 / 75000

1

2

20

194C- Contract – Transporter covered under 44AE & submit declaration on prescribed form with PAN

20

194D – Insurance Commission

15000

5

5

20

194DA Payment in respect of life insurance policy

100000

1

1

20

194E – Payment to Non-Resident Sportsmen or Sports Association

20

20

20

194EE – Payments out of deposits under National Savings Scheme

2500

10

10

20

194F – Repurchase Units by MFs

20

20

20

194G – Commission – Lottery 

15000

5

5

20

194H – Commission / Brokerage

15000

5

5

20

194I – Rent – Land and Building – furniture – fittings

240000

10

10

20

194I – Rent – Plant / Machinery / equipment

240,000

2

2

20

194IA -Transfer of certain immovable property other than agriculture land

50,00,000

1

1

20

194IB – Rent – Land or building or both

50000 per month

5

20

194IC – Payment of Monetary consideration under Joint development agreement

10

10

20

194J – Professional Fees for technical services (w.e.f. from 1.4.2020)

30000

2

2

20

194J – Professional Fees in all other cases

30000

10

10

20

194K- Payment of any income in respect of Units of Mutual fund as per section 10(23D) or Units of administrator or from a specified company

10

10

20

194LA – TDS on compensation for compulsory acquisition of immovable Property

250000

10

10

20

194 LBA (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

10

0

194LB – Income by way of interest from infrastructure debt fund (non-resident)

5

5

20

194LBB – Income in respect of investment in Securitisation trust.

10

30

40

194LBC- Income in respect of investment made in a securitisation trust

25

30

40

194 LC – 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

5

5

20

194LD – Interest on certain bonds and govt. Securities

5

5

20

194M – Payment of 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.

50,00,000

5

5

 

194N – Cash withdrawal in excess of Rs. 1 crore during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office.

20,00,000

2

2

 

194N – Cash withdrawal in excess of Rs. 1 crore during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office.

100,00,000

2

2

 

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.

1

1

 

195- Payment of any sum to Non resident

Higher of Rate in force or Double Taxation Avoidance Act rate

196B – Income from units

10

10

20

196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)

10

10

20

196D – Income of FIIs from securities

20

20

20

For More Information

Email : [email protected]

Phone : 01141623205, 9990061912

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