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Tds & tcs rate chart (fy: 2019-20 / ay: 2020-21)


Simran (Student)     16 May 2019

Simran
Student 
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  TDS RATE CHART FY: 2019-20 (AY: 2020-21)
Section Nature of Payment  Threshold Indv/ HUF Others
    Rs. TDS Rate (%)
192 Salaries  -  Avg  -
192A Premature withdrawal from EPF  50000 10 -
193 Interest on Securities  10000 10 10
194 Dividends  2500 10 10
194A Interest (Banks)  40000 10 10
194A Interest (Others) 5000 10 10
194A Senior Citizen 50000 10 -
194B Winning from Lotteries  10000 30 30
194BB Winnings from Horse Race 10000 30 30
194C Contractor - Single Transaction  30000 1 2
194C Payment to Contractor (including Transporter with more than 10 carriages) 1 Lakh 1 2
194C Transporter (44AE) declaration with PAN (upto 10 carriages) - - -
194D Insurance Commission (15G-15H allowed)  15000 5 10
194DA Life insurance Policy  1 Lakh 1 1
194E Non-Resident Sportsmen or Sports Association - 20 20
194EE  NSS  2500 10 10
194F Repurchase Units by MFs  20 20
194G Commission - Lottery  15000 5 5
194H Commission / Brokerage  15000 5 5
194I  Rent of Land and Building - F&F 2.40 Lakh 10 10
194I Rent of Plant / Machinery / Equipment  2.40 Lakh 2 2
194IA  Transfer of certain immovable property other than agriculture land 50 Lakh 1 1
194IB Rent by Individual / HUF (wef 01.06.2017) 50000/PM  5 -
194IC Payment under Specified agreement - 10 10
194J  Professional Fees / Technical Fees / etc. 30000 10 10
194J  Payment to Call Centre Operator (wef 01.06.2017) 30000 2 2
194LA Compensation on transfer of certain immovable property other than agricultural land 2.50 Lakh  10 10
194LA Immovable Property (TDS exempted under RFCTLARR Act (wef 01.04.2017) - - -
194LB Income by way of interest from infrastructure debt fund (non- resident) - 5 5
194LBA Certain income from units of a business trust(applicable from 01.10.2014) - 10 10
194LBA Certain income from units of a business trust to non resident (applicable from 01.10.2014) - 5 5
194LBB Income in respect of units of investment fund - 10% For Residents, 10% For Non-Residents ( 1-April-2016 to 31-May-2016), 30 % For NonResidents (1-Jun-2016 to 31-Mar-2017) 10% For Residents, 10% For Non-Residents (1-April-2016 to 31-May-2016), 40% For Non Residents (1-Jun-2016 to 31-Mar-2017)
194LBC Income in respect of investment in securitization trust - 30% For Residents, 40% For Non Residents, 25% for Individual and HUF 30% For Residents, 40% For Non Residents, 25% for Individual and HUF
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 (applicable from July 1, 2012) - 5 5
194LD  Interest on certain bonds and Govt. Securities (from 01-06-2013) - 5 5
Note : TDS Rates without PAN - 20% flat (if TDS rate is lower than 20%)

Note: The above list covers most of the sections applicable for domestic transactions

TCS RATE CHART FOR FY: 2019-20 (AY: 2020-21)
Section Nature of Payment TCS Rate %
 206C Scrap 1
 206C Tendu Leaves 5
 206C Timber  obtained  under  a forest lease or other mode 2.5
 206C Any other forest produce not being a timber or tendu leave 2.5
 206C Alcoholic Liquor for human consumption 1
 206C Parking   Lot,   Toll   Plaza, Mining and Quarrying 2
 206C Minerals, being coal or lignite or iron ore (applicable   from   July   1,2012) 1
 206C Sale of motor vehicle of the value exceeding Rs. 10 Lacs; (wef 01.06.2016) Motor vehicle clause not applicable on Central Government, a State Government, an embassy, a High Commission, Legation, Commission, Consulate and the Trade Representation of a foreign State; Local Authority ; a Public Sector Company which is engaged in the business of carrying passengers (wef 01.04.2017) 1
 206C Bullion if consideration (excluding any coin / article weighting 10 grams or less) exceeds Rs. 2 Lakhs 1
 206C TCS on sale in cash of any goods (other than bullion/jewellery) 1
 206C TCS on providing of any services (other than Ch-XVII-B) 1
Note : TCS Rates without PAN - Double of TCS rate as above or 5%, whichever is higher

Note: The above list covers most of the sections applicable for domestic transactions

Click here to download the list of TDS & TCS Rate Chart for FY: 2019-20.

Note : 1. Surcharge is not deductible on payments made to residents, other than salary. 2. In case of non-resident, surcharge would be applicable on TDS.

Disclaimer : Efforts have been made to provide correct information. However, we do not take liability of any kind in case of any error or miscommunication in the article.

RAJA P M ("Do the Right Thing...!!!")     16 May 2019

RAJA P M
"Do the Right Thing...!!!" 
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Good Works.


Thanks for the Updated Details.
.


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