Revised TDS and TCS Rates wef 14/05/2020

Section

Nature of payment

Threshold limit

TDS effective till  May, 13, 2020

TDS effective w.e.f May, 14,2020

Resident

Non- resident

Resident

Non- resident

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 received on Securities-

any security of the Central or State Government;

[i.e. 8% Savings (Taxable) Bonds, 2003 and 7.75% Saving (Taxable) Bonds, 2018]

10000

10%

-

7.5%

-

Interest on securities

-any debentures or securities for money issued by or on behalf of any local authority or a corporation, any debentures issued by companies (listed on recognised stock exchange) or interest on any other securities,

5000 in case of individual

10%

-

7.5%

-

194

Income by way of dividends

5000

10%

-

7.5%

-

194A

Interest(banks)

40000

10%

-

7.5%

-

Interest (others)

5000

10%

-

7.5%

-

Interest (to senior citizen)

50000

10%

-

7.5%

-

Interest (on compensation awarded by payment of motor Accident Claim Tribunal)

50000

10%

-

7.5%

-

194B

Winning from lotteries

10000

30%

30%

30%

30%

194BB

Winning from horse races

10000

30%

30%

30%

30%

194C

Payment to contractors/sub contractors

Single payment-

Individual/HUF

Others

Consolidated payment during the Year-

Individual/HUF

others

30000

100000

1%

2%

1%

2%

-

-

-

-

0.75%

1.5%

0.75%

1.5%

-

-

-

-

194D

Insurance commission

Other than company-

Company-

15000

5%

10%

-

-

3.75%

7.5%

-

-

194DA

Payment in respect of Life insurance policy

100000

5%

-

3.75%

-

194E

Non Resident Sportsmen or sports association

-

NA

20%

NA

20%

194EE

Payment made out of deposits under NSS

2500

10%

10%

7.5%

10%

194F

repurchase of unit by Mutual Fund or Unit Trust of India

-

20%

20%

15%

20%

194G

Commission, etc., on sale of lottery tickets

15000

5%

5%

3.75%

5%

194H

payment of commission or brokerage

15000

5%

-

3.75%

-

194-I

Rent-

Plant & machinery

Land/building/furniture/fittings

240000

2%

10%

-

1.5%

7.5%

-

194-IA

transfer of certain immovable property other than agricultural land

5 lakh

1%

0.75%

-

194-IB

Rent by Individual/HUF not liable to Tax Audit (other than rent covered under 194-I)

50000 pm

5%

-

3.75%

-

194-IC

Payment of monetary consideration under Joint Development Agreements to Individual /HUF

-

10%

-

7.5%

-

194J

Professional Fees

30000

10%

-

7.5%

-

Technical fees

30000

2%

-

1.5%

-

Payment to call centre operators (w.e.f June 1, 2017)

30000

2%

-

1.5%

-

Director’s fee

-

10%

-

7.5%

-

194K

Payment of any in respect of :(w.e.f : 1-04-2020)

1. Units of MF as per sec 10(23D)
2. Units from the administrator
3. Units from specified company

5000

10%

-

7.5%

-

194LA

compensation on acquisition of certain immovable property(other than agricultural land)

250000

10%

-

7.5%

-

194LB

Income by way of Interest from infrastructure debt fund to Non Resident(not being a company or to a foreign company)

-

5%

-

5%

-

194 LBA

Income from the units of business trust:

-interest received/receivable from special purpose vehicle; or

-Dividend referred to in sub sec (7) of sec 115-O

10%

10%

5%

10%

7.5%

7.5%

5%

10%

Distribution of rental income to unit holders:

-other than company

-company

-

10%

10%

30%

40%

7.5%

7.5%

30%

40%

194LBB

Income in respect of units of investment funds:

-other than company

-company

-

10%

10%

30%

40%

7.5%

7.5%

30%

40%

194LBC

Income in respect of investment made in a securitisation trust :

-individual/HUF

-other person

-company

-

25%

30%

30%

30%

30%

40%

18.75%

22.5%

22.5%

30%

30%

40%

194LC

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%

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 IFSC

-

-

4%

-

4%

194LD

Interest on rupee denominated bonds of an Indian company or govt securities to a foreign institutional investors or qualified foreign investor

-

-

5%

-

5%

194M

Payment made to professional or commission or brokerage

5000000

5%

-

3.73%

-

194N

Cash payment /withdrawal of certain amount

1 crore

2%

2%

2%

2%

194N

Cash payment/ withdrawal of certain amount -assessee has not filed the ITR for 3 PY immediately preceeding the previous year in which cash is withdrawn

1. Exceeding 20 lakh but upto Rs 1 crore

2. Exceeding 1 crore

20 lakh

2%

5%

2%

5%

2%

5%

2%

5%

194-O

Payment by e-commerce operator to e commerce participant

500000

1%

-

0.75%

-

195

Income of investment by an NRI

-

-

20%

-

20%

LTCG u/s:

115E/112(1)(c)(iii)/112A

-

-

10%

-

10%

Any other LTCG

-

-

20%

-

20%

STCG u/s 111A

-

-

15%

-

15%

Interest income payable by Govt./Indian concern (other than section 194LB or 194LC)

-

-

20%

-

20%

Royalty

-

-

10%

-

10%

Fees for technical services

-

-

10%

-

10%

Other income

-other than company

-company

-

-

30%

40%

-

30%

40%

Income in respect of:

-units of mutual funds u/s 10(23D) or UTI

-

-

20%

20%

196B

Income from units to an offshore fund

-

-

10%

-

10%

196C

Income from foreign currency bond or GDR of Indian company

-

-

10%

-

10%

196D

Income of foreign institutional investors from securities

-

-

20%

20%

* The rate of TDS shall be increased by applicable surcharge and Health & Education cess.

Section

Nature of payment

TDS effective till May13,2020

TDS effective w.e.f

May,14,2020

206C

Sale of tendu leaves

5%

3.75%

206C

Sale of timber obtained under forest lease

2.5%

1.88%

206C

Sale of timber obtained by any other mode

2.5%

1.88%

206C

Sale of any other forest produce not being timber/tendu leaves

2.5%

1.88%

206C

Sale of scarp

1%

0.75%

206C

Alcoholic liquor for human consumption and Indian made foreign liquor

1%

1%

206C

Sale of Mineral, being coal, iron ore, lignite

1%

0.75%

206C

Grant of license, lease etc of parking lot

2%

1.5%

206C

Grant of license, lease etc of Toll Plaza

2%

1.5%

206C

Grant of license, lease etc of mining and Quarrying

2%

1.5%

206C

Sale of motor vehicle above 10 lakhs

1%

0.75%

206C

Sale of any other goods

0.1% (w.e.f 01.10.2020)

0.075%

206C

Remittance under Liberalized Remittance Scheme of value exceeding 7 lakh in a financial year

5% (w.e.f 01.10.2020)

5% (w.e.f 01.10.2020)

206C

Sale of overseas tour programme package

5% (w.e.f 01.10.2020)

5% (w.e.f 01.10.2020)