TDS Rate Chart for FY 2019-20

TDS Rate Chart for FY 2019-20 (AY 2020-2021)

SectionNature of Payment for Domestic TransactionsThreshold LimitIndividual / HUFOthers15G-15HDeduction At the  time of Credit or Payment?
(In ₹)TDS Rate (%)Whether Allowed?
192Payment of salary–Normal Slab Rate–NoPayment
192APayment of accumulated balance of provident fund which is taxable in the hands of an employee.50,00010–YesPayment
193Interest on Securities/ Debentures10,0001010NoCredit or Payment (earlier)
194Dividends (other than listed Companies)–1010YesPayment
194AInterest (Banks)/ For Senior Citizen Rs. 5000040,0001010YesCredit or Payment (earlier)
Interest (Others)5,0001010YesCredit or Payment (earlier)
194BWinning from Lotteries
(resident & non resident)
194BBWinning from Horse Race
(resident & non resident)
194CContractor – Single Transaction30,00012NoCredit or Payment (earlier)
Contractor – During the F.Y.1,00,00012NoCredit or Payment (earlier)
Transporter (44AE) declaration with PAN––––
194DInsurance Commission15,000510YesCredit or Payment (earlier)
194DALife insurance Policy1,00,00011YesPayment
194ENon-Resident Sportsmen or Sports Association2020NoCredit or Payment (earlier)
194EEPayment in respect of deposit under National Savings scheme
(resident & non resident)
194FRepurchase Units by MFs (resident & non resident)02020NoCredit or Payment (earlier)
194GCommission – Lottery
(resident & non resident)
15,00055NoCredit or Payment (earlier)
194HCommission / Brokerage15,00055NoCredit or Payment (earlier)
194IRent of Land and Building – F&F2,40,0001010YesCredit or Payment (earlier)
Rent of Plant / Machinery / Equipment2,40,00022YesCredit or Payment (earlier)
194IBRent by Individual / HUF (wef 01.06.2017)50000/PM5–NoCredit or Payment (earlier)
194IATransfer of certain immovable property other than agriculture land50,00,00011NoCredit or Payment (earlier)
194JProfessional Fees / Technical Fees /Director fees/ royalty30,0001010NoCredit or Payment (earlier)
Payment to Call Centre Operator30,00022NoCredit or Payment (earlier)
194LACompensation on transfer of certain immovable property other than agricultural land.
(Note: With effect from April 1, 2017, no deduction of tax shall be made on any payment which is exempt from levy of income-tax under Right to Fair Compensation Act, 2013)
194LBIncome by way of interest from from infrastructure debt fund(non- resident)55NoCredit or Payment (earlier)
194LCIncome 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)55NoCredit or Payment (earlier)
194LDInterest on certain bonds and Govt. Securities (from 01-06-2013) (non resident)055NoCredit or Payment (earlier)
195Other sum (payable to non Resident)Credit or Payment (earlier)
a) Income in respect of investment made by a Non-resident Indian Citizen2020NoCredit or Payment (earlier)
b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen1010NoCredit or Payment (earlier)
c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-section (1) of Section 1931010NoCredit or Payment (earlier)
d) Income by way of short-term capital gains referred to in Section 111A1515NoCredit or Payment (earlier)
e) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of Section 10]2020NoCredit or Payment (earlier)
f) Income by way of interest payable by Government or an Indian concern on money borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC2020NoCredit or Payment (earlier)
Any other income3030NoCredit or Payment (earlier)

Source: Income Tax Act, 1961 as amended by Finance Act, 2019.

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