TDS/TCS Rate Chart from 14.05.2020 to 31.03.2021

 Section

Nature of Income

Rate of TDS applicable for the period

01.04.2020 to 13.05.2020

14.05.2020 to 31.03.2021

193

Interest on Securities

10%

7.50%

194

Dividend

10%

7.50%

194A

Interest other than interest on Securities

10%

7.50%

194C

Payment to Contractors

1%: If deductee is an individual or HUF

 2%: In any other case

0.75%: If deductee is an individual or HUF

 1.50%: In any other case

194D

Insurance Commission

5%

3.75%

194DA

Payment in respect of Life Insurance Policy

5%

3.75%

194EE

Payments in respect of deposits under National Savings Scheme

10%

7.5%

194G

Commission and other payments on sale of lottery tickets

5%

3.75%

194H

Commission and Brokerage

5%

3.75%

194-I

Rent

10%: If rent pertains to hiring of immovable property

2%: If rent pertains to hiring of plant and machinery

7.50%: If rent pertains to hiring of immovable property

1.50%: If rent pertains to hiring of plant and machinery

194-IA

Payment for acquisition of immovable property`

1%

0.75%

194-IB

Payment of Rent by Certain Individuals or HUF

5%

3.75%

194-IC

Payment for Joint Development Property

10%

7.5%

194J

Royalty and Fees for Professional or Technical Services

2%: If royalty is payable towards sale, distribution or exhibition of cinematographic films

2%: If recipient is engaged in business of operation of call Centre

2%: If sum is payable towards fees for technical services (other than professional services)

10%: In all other cases

1.50%: If royalty is payable towards sale, distribution or exhibition of cinematographic films

1.50%: If recipient is engaged in business of operation of call Centre

1.50%: If sum is payable towards fees for technical services (other than professional services)

7.50%: In all other cases

194M

Payment to contractor, commission agent, broker or professional by certain Individuals or HUF

5%

3.75%

194O

TDS on E-Commerce Participants

1% (w.e.f. 01.10.2020)

0.75%

Section

Goods & Services liable to TCS

Rate of TDS applicable for the period

01.04.2020 to

13.05.2020

14.05.2020 to 31.03.2020

Section 206C(1)

Alcoholic liquor for human consumption

1%

0.75%

Section 206C(1)

- Timber obtained under Forest lease

- Timber obtained by any mode other than under a forest lease

- Any other forest produce not being timber or tendu leaves

2.50%

1.875%

Section 206C(1)

Tendu leaves

5%

3.75%

Section 206C(1)

Minerals, being coal or ignite or iron ore

1%

0.75%

Section 206C(1)

Scrap

1%

0.75%

Section 206C(1C)

Parking Lot

2%

1.50%

Section 206C(1C)

Toll Plaza

2%

1.50%

Section 206C(1C)

Mining & quarrying

2%

1.50%

Section 206C(1F)

Sale of Motor Vehicle above 10 lakhs

1%

0.75%

Section 206C(1H)

Sale of goods in excess of Rs. 50 lakh

0.10%

0.075%