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Rates of TDS/TCS w.e.f. 1st April 2021

Desh Raj 
on 02 April 2021

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TDS/TCS Rates w.e.f. 1st April 2021

1. Tentative rates of TDS

Section

Nature of Income

Rate of TDS applicable for the period

Threshold Limit for deduction tax

w.e.f. 01.04.2021

14-05-2020 to 31-03- 2021

193

Interest on Securities

10%

7.50%

-

194

Dividend

10%

7.50%

Rs. 5,000 in case of

Individual

194A

Interest other than interest on Securities

10%

7.50%

Rs. 5,000 to

Rs. 50,000

194C

Payment to Contractors

- 1%: If deductee is an individual orHUF

- 2%: In any othercase

- 0.75%: If deductee is an individual or HUF

- 1.50%: In anyother case

- Single payment : Rs.30,000

- Aggregate payment:

Rs. 100,000

194D

Insurance Commission

- 10%: If deductee is domesticCompany

- 5%: In any othercase

- 7.50%: If deductee is domesticCompany

- 3.75%: In anyother

case

15,000

194G

Commission and other payments on

sale of lottery tickets

5%

3.75%

15,000

194H

Commission and

Brokerage

5%

3.75%

15,000

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

2,40,000

194-IB

Payment of Rent by Certain Individuals or HUF

5%

3.75%

50,000

194J

Royalty and Fees for Professional or Technical Services

- 2%: If royalty is payable towards sale, distribution or exhibition of cinematographicfilms

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

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

- 10%: In all othercases

- 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

- Director's fees: Nil

- Others: Rs. 30,000

194M

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

5%

3.75%

50 lakhs

194N

Cash withdrawal

- 2%: In general if cash withdrawn exceeds Rs. 1crore

- 2%: If assessee has not furnished return for last 3 assessment years and cash withdrawn exceeds Rs. 20 lakhs but does not exceed Rs. 1crore

- 5%: If assessee has not furnished return for last 3 assessment years and cash withdrawn exceeds Rs. 1crore

- 1.50%: In general if cash withdrawn exceeds Rs. 1 crore

- 1.50%: If assessee has not furnished return for last 3 assessment years and cash withdrawn exceeds Rs. 20 lakhs but does not exceed Rs. 1crore

- 3.75%: If assessee has not furnished return for last 3 assessment years and cash withdrawn exceeds Rs.1

crore

- If a person defaults in filing of return: 20 lakhs

- If no default is made in filing of return: Rs 1 crore

2. Rates of TCS

Section

Goods & Services liable to TCS

Rate of TDS applicable for the period

w.e.f. 01.04.2021

14-05-2020 - 31-03- 2021

Section 206C(1)

Alcoholic liquor for human consumption

1%

0.75%

Section 206C(1)

- Timber obtained under Forestlease

- Timber obtained by any mode other than undera forest lease

- Any other forest produce not being timber ortendu 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)

Motor Car

1%

0.75%

Section 206C(1G)

Overseas tour travel package

5%

3.75%

Section 206C(1G)

Remittance of Forex under LRS of Rs. 7 lakh or more in a financial year

• 0.5%: Where remittance is a repayment of loan obtained for the purpose of pursuing any education

• 5%: In any other case

• 0.375%: Where remittance is a repayment of loan obtained for the purpose of pursuing any education

• 3.75%: In any other case

Section 206C(1H)

Sale of goods in excess of Rs. 50 lakh

0.10%

0.075%

 
 

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