Average
rate of Tax + Health & Education Cess (Surcharge if Salary >
50 Lacs) Or, Option to choose between New and Old Tax Slab Regime for
Salaried Employees
192A
Premature
Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS
at Maximum Mariginal Rate of 30%)
Rs.
50,000
10%
193
*Interest
on Securities
Rs.
10,000
10%
194
Dividend
Rs.
5,000
10%
(Tds shall not be deducted on Dividend paid or credited to Business
trust by Special Purpose Vehicle or any other person as may be
specified)
194A
Interest
from a Banking Company/ Post Office (Other than on Securities)
Rs.
40,000 per annum for Others /Rs. 50,000 per annum for Senior citizen
10%
194A
Interest
other than from a Banking Company
Rs.
5,000 per annum
10%
194B
Winning
from Lotteries & Cross Word Puzzles, Card games and other games on
any sort
Rs.
10,000 per annum
30%
194BB
Winnings
from horse races
Rs.
10,000 per annum
30%
194C
Payment
to contractor/sub-contractor
Rs.30,000
Single Transaction (or)
Rs. 1,00,000 Aggregate of transactions
Individual/HUF
1%
Others
2%
194D
Insurance
Commision
Rs.
15,000
Individual:5%
Domestic
Company:10%
194DA
Payment
under life insurance policy (The tax shall be deducted on the amount of income comprised in insurance pay-out)
Rs.1,00,000
per annum
5%
194E
Payment to non-resident sportsmen/sports association
Rs.
0
20%
(The rate of TDS shall be increased by applicable surcharge and Health & Education cess.)
194EE
Payment
of NSS Deposit
Rs.2,500
10%
194F
Payment
on account of repurchase of units by Mutual Fund or Unit Trust of India
-
20%
194G
Commission
on Sale of Lottery Tickets
Rs.
15,000
5%
194H
**Commission/Brokerage
Rs.
15,000 per annum
5%
194-I(a)
**Rent
of Plant / Machinery
Rs.
2,40,000 per annum
2%
194-I(b)
**Rent
of Land or building or furniture or fitting
Rs.
2,40,000 per annum
10%
194-IA
Payment
or transfer of immovable property (other than rural agriculture
land)
Rs.
50,00,000 & above
***1%
194-IB
Rent
payable by an individual or HUF not liable to tax audit
Rs.50,000
per month
5%
194-IC
Payment
of monetary consideration under Joint Development Agreements
-
10%
194J
Fees
for Professional / Technical Services / Royalty / Remuneration to
director
Rs.
30,000 per annum (Rs. 0 in case of Directors)
2%
(For Call Centre & Fees for Technical Services &
Royalty)
10%
(For Professional Services)
194K
Income
in respect of units of Mutual funds or specified company
Rs.
5,000
10%
194LA
Compensation
on acquisition of immovable Property
Rs.
2,50,000
10%
194LBA(1)
Business
trust shall deduct tax while distributing, any interest received or
receivable by it from a SPV or any income received from renting or
leasing or letting out any real estate asset owned directly by it, to
its unit holders.
-
10%
194LBB
Payment
in respect of units of Investment funds u/s 115UB [other than
income which is exempt under Section 10(23FBB)]
-
10%
194LBC(1)
Income
in respect of investment made in a securitisation trust
-
Individual
or HUF 25%
Other
30%
194M
TDS
on payment to resident contractors and professionals or by way of
commission / brokerage (other than those who covered u/s 194C or 194J)
by individual/HUF not liable for tax audit.
Rs.
50 lacs
5%
194N
TDS
on cash withdrawal from Bank, Post office etc.
i)
in excess of Rs. 1 crore
2%
194N
TDS
on cash withdrawal from Bank / Co-operative bank / Post office etc.
ii)
in excess of Rs. 20 lakhs* (* for those persons who have not filed
return of income (ITR) for three previous years immediately preceding
the previous year in which cash is withdrawn, and the due date for
filing ITR under section 139(1) has expired)
2%
from the amount withdrawn in cash if the aggregate of the amount
of withdrawal exceeds Rs. 20 lakhs during the previous year
5%
from the amount withdrawn in cash if the aggregate of the amount
of withdrawal exceeds Rs. 1 crore during the previous year
194-O
Tds
on E-commerce participants
5
Lakh
1%
194P
TDS
on Senior Citizen above 75 Years
NOTE-1
As
per Rates in force
194Q
Purchase
of goods (w.e.f 01.07.2021)
50
Lakh
0.10%
194R
Benefits or perquisites arising from business or profession
Rs.
20, 000
10%
194S
TDS
on payment for virtual Digital Assets of crypto currency (w.e.f
01.07.2022)
-
1%
206AA
TDS rate in case of
Non availability of PAN
-
Higher
of-
As per act twice the rate of rate in force
20%
206AB
TDS on non-filers of ITR at higher rates
-
Higher of
– 5%
– Twice the rate or rate in force
*
Only for Debenture in which the public are substantially interested
**
Other than Individual or HUF except those covered u/s 44AB
***TDS is to be deducted on the amount of consideration paid by the transferee to the transferor This section does not take into account the stamp duty value of the immovable property, whereas, as the provisions of section per 43CA and 50C of the Act, for the computation of income under the head “Profits and gains from business or profession” and “capital gains” respectively, the stamp duty value is also to be considered. Thus there is inconsistency in the provisions of section 194-IA and sections 43CA and 50C of the Act.
Note
-
In
case of non availibility of PAN :- TDS shall be at the rate specified or
rate of 20% whichever is higher
TDS
on Non-Filers of ITR under section 206AB (applicable w.e.f 01.07.2021)
In
case of PAN
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act; or
2. Twice the rate or rates in force; or
3. At the rate of 5%
In
case of non availability of PAN
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act; or
2. Twice the rate or rates in force; or
3. At the rate of twenty percent
NOTE-1
Following conditions needs to be satisfied-
1. The senior citizen is resident in India and of the age of 75 years or
more during the previous year;
2. He has only pension income and may also have interest income from the
same bank (specified bank – to be notified by the CG) in which he is
receiving his pension income;
3. He shall be required to furnish a declaration to the specified bank.
The declaration shall be containing such particulars, in such form and
verified in such manner, as may be prescribed.
4.Specified bank would be required to compute income after giving effect
to deductions allowable under Chapter VI-A and rebate under section 87A
and deduct Income Tax on the base of rates in force.
Once all done, there will not be requirement of furnishing return of
income for this assessment year
TCS
Rates
Section
Nature
of Payment
Threshold
Limit of Payment
Rates
206C
(1)
Sale
of Scrap
1%
206C
(1)
Sale
of Tendu Leaves
5%
206C
(1)
Sale
of Timber obtained under a forest lease or other mode
2.50%
206C
(1)
Sale
of Any other forest produce not being a Timber or tendu leaves
2.50%
206C
(1)
Sale
of Alcoholic Liquor for Human Consumption
1.%
206C
(1)
Sale
of Indian made for foreign liquor
1.%
206C
(1)
Sale of Minerals,coal
lignite, Iron ore by a trader
1.00%
206C
(1C)
Lease
or license of Parking lot, toll plaza, mining & quarrying
2.%
206C
(1F)
Sale
Value of Motor vehicle whether in cheque or in any other mode of receipt
Exceeding Rs.
10 Lakhs per transaction
1.00%
206
(1G)
Remittance
under liberalised Remittance Scheme of Reserve Bank Of India Exceding
Rs. 7 Lakh
(a) if the remittance is a loan obtained from any financial
instituted as defined in section 80E, for the purpose of Persuing any
education,
(b) id the remittance is other than mentioned in (a) above.
(a)
0.5% (applicable from 01.10.2020)
(b) 5% (applicable from 01.10.2020)
206
(1G)
Sale
of Overseas Tour Package
5%
(applicable from 01.10.2020)
206
(1H)
Sale
of goods in excess of Rs.50 Lakh in a year by seller
Whose
turnover is more than Rs. 10 Crore
0.1%
206C
Foreign
remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs.
7 Lakh in a financial year if remitted amount is out of loan obtained
from any financial institution u/s 80E for the purpose of pursuing any
education
0.5% (applicable from 01.10.2020)
206C
Foreign
remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs.
7 Lakh in any other case
5%
(applicable from 01.10.2020)
Note:
-
In
case of non availability of PAN :-
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act; or
2. At the rate of 5%
TCS
on Non-Filers of ITR under section 206CCA (applicable w.e.f 01.07.2021)
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act; or
2. At the rate of 5%
Notes
Surcharges
& Education Cess
Type
of Payment
Surcharge
Rate
Health
and Education Cess (4.00%)
Salary
(Residents)
Upto
50 Lacs
50
Lacs to 1 Crore
>
1 Crore but upto 2 Crore
>
2 crore but upto 5 crore
>
5 crore
Nil
10%
15%
25%
37%
Yes
Yes
Yes
Yes
Yes
Other
Payments to Residents
No
Nil
No
Non
Resident (other than company)
>
50 crore but upto 1 crore
> 1 crore
10%
15%
Yes
Non
Resident Company
Between
1 crore and 10 crore
> 10 crore
2%
5%
Yes
Non
Resident (Co-operative society & Firms)
>
1 crore
12%
Yes
Other
Payments to Residents
No
Nil
No
Interest for failure to deduct tax at source/delay in payment of TDS
Stage of deduction
Rate per month or part of the month
From date when deductible till actual deduction
1.00%
From date of deduction till payment
1.50%
TDS / TCS RATES FOR F.Y.2021-22
Section
Nature of Payment
Threshold Limit of Payment
Rates
192
Income from Salary
Senior Citizen (60 Years)
Rs. 3,00,000
Super Senior Citizen (80 Years)
Rs. 5,00,000
Others
Rs. 2,50,000
Average rate of Tax + Health & Education Cess (Surcharge if Salary > 50 Lacs) Or,
Option to choose between New and Old Tax Slab Regime for Salaried Employees
192A
Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
Rs. 50,000
10%
193
* Interest on Securities
Rs. 10,000
10%
194
Dividend
Rs. 5,000
10%
(Tds shall not be deducted on Dividend paid or credited to Business trust by Special Purpose Vehicle or any other person as may be specified)
194A
Interest from a Banking Company
Rs. 40,000 per annum for Others /Rs. 50,000 per annum for Senior citizen
10%
194A
Interest other than from a Banking Company
Rs. 5,000 per annum
10%
194B
Winning from Lotteries & Cross Word Puzzles
Rs. 10,000 per annum
30%
194BB
Winnings from horse races
Rs. 10,000 per annum
30%
194C
Payment to contractor/sub-contractor
Rs.30,000 Per Contract (or)
Rs. 1,00,000 per annum
Individual/HUF 1%
Others 2%
194D
Insurance Commision
Rs. 15,000
Resident:5%
Domestic Company:10%
194DA
Payment under life insurance policy
Rs.1,00,000 per annum
5%
194EE
Out of deposit under NSS
Rs.2,500
10%
194F
Payment on account of repurchase of units by Mutual Fund or Unit Trust of India
20%
194G
Commission on Sale of Lottery Tickets
Rs. 15,000
5%
194H
**Commission/Brokerage
Rs. 15,000 per annum
5%
194-I(a)
**Rent of Plant / Machinery
Rs. 2,40,000 per annum
2%
194-I(b)
**Rent of Land or building or furniture or fitting
Rs. 2,40,000 per annum
10%
194-IA
Payment or transfer of immovable property (other than rural agriculture land)
Rs. 50,00,000 & above
1%
194-IB
Rent payable by an individual or HUF not liable to tax audit
Rs.50,000 per month
5%
194-IC
Payment of monetary consideration under Joint Development Agreements
10%
194J
Fees for Professional / Technical Services / Royalty / Remuneration to director
Rs. 30,000 per annum
2% (For Call Centre & Fees for Technical Services & Royalty)
10% (For Others)
194K
Income in respect of units of Mutual funds or specified company
Rs. 5,000
10%
194LA
Compensation on acquisition of immovable Property
Rs. 2,50,000
10%
194LBA(1)
Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.
10%
194LBB
Payment in respect of units of Investment funds u/s 115UB [other than income which is exempt under Section 10(23FBB)]
10%
194LBC(1)
Income in respect of investment made in a securitisation trust
Individual or HUF 25%
Other 30%
194M
TDS on payment to resident contractors and professionals or by way of commission / brokerage (other than those who covered u/s 194C or 194J) by individual/HUF not liable for tax audit.
Rs. 50 lacs
5%
194N
TDS on cash withdrawal from Bank, Post office etc.
i) in excess of Rs. 1 crore
2%
194N
TDS on cash withdrawal from Bank / Co-operative bank / Post office etc.
ii) in excess of Rs. 20 lakhs* (* for those persons who have not filed return of income (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired)
2% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 20 lakhs during the previous year
5% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 1 crore during the previous year
194-O
Tds on E-commerce participants
5 Lakh
1%
194P
TDS on Senior Citizen above 75 Years
NOTE-1
As per Rates in force
194Q
Purchase of goods (w.e.f 01.07.2021)
50 Lakh
0.10%
* Only for Debenture in which the public are substantially interested
** Other than Individual or HUF except those covered u/s 44AB
Note -
In case of non availibility of PAN :- TDS shall be at the
rate specified or rate of 20% whichever is higher
TDS
on Non-Filers of ITR under section 206AB (applicable w.e.f
01.07.2021)
In case of PAN
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act;
or
2. Twice the rate or rates in force; or
3. At the rate of 5%
In case of non availability of
PAN
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act;
or
2. Twice the rate or rates in force; or
3. At the rate of twenty percent
NOTE-1
Following conditions needs to be satisfied-
1. The senior citizen is resident in India and of the age of 75 years or
more during the previous year;
2. He has only pension income and may also have interest income from the
same bank (specified bank – to be notified by the CG) in which he is
receiving his pension income;
3. He shall be required to furnish a declaration to the specified bank.
The declaration shall be containing such particulars, in such form and
verified in such manner, as may be prescribed.
4.Specified bank would be required to compute income after giving effect
to deductions allowable under Chapter VI-A and rebate under section 87A
and deduct Income Tax on the base of rates in force.
Once all done, there will not be requirement of furnishing return of income for this assessment year
TCS Rates
Section
Nature of Payment
Threshold Limit of Payment
Rates
206C (1)
Sale of Scrap
1.00%
206C (1)
Sale of Tendu Leaves
5.00%
206C (1)
Sale of Timber obtained under a forest lease or other mode
2.50%
206C (1)
Sale of Any other forest produce not being a Timber or tendu leaves
2.50%
206C (1)
Sale of Alcoholic Liquor for Human Consumption
1.00%
206C
Sale of Indian made for foreign liquor
1.00%
206C (1C)
Lease or license of Parking lot, toll plaza, mining & quarrying
2.00%
206C (1)
Sale of Minerals,coal lignite, Iron ore by a trader
1.00%
206C (1F)
Sale Value of Motor vehicle whether in cheque or in any other mode of receipt
Exceeding Rs. 10 Lakhs per transaction
1.00%
206C
Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh in a financial year if remitted amount is out of loan obtained from any financial institution u/s 80E for the purpose of pursuing any education
0.5% (applicable from 01.10.2020)
206C
Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh in any other case
5% (applicable from 01.10.2020)
206C
Selling of overseas tour package
5% (applicable from 01.10.2020)
206C
Sale of goods (Other than those being exported) of value exceeding Rs. 50 Lakh in previous year whose total Sale/ gross receipts / turnover from business exceeds Rs 10 Crore during immediately financial year
Rs. 50 Lakhs
0.1% (applicable from 01.10.2020)
Note: -
In case of non availability of PAN :-
Higher of the following rates :-
1. Twice the rate specified in the relevant provision of the Act; or
2. At the rate of 5%
TCS on Non-Filers of ITR under section 206CCA (applicable w.e.f 01.07.2021)
Higher of the following rates :-
1. Twice the rate specified in the relevant provision of the Act; or
2. At the rate of 5%
Notes
Surcharges & Education Cess
Type of Payment
Surcharge
Rate
Health and Education Cess (4.00%)
Salary (Residents)
Upto 50 Lacs
50 Lacs to 1 Crore
> 1 Crore but upto 2 Crore
> 2 crore but upto 5 crore
> 5 crore
Nil
10%
15%
25%
37%
Yes
Yes
Yes
Yes
Yes
Other Payments to Residents
No
Nil
No
Interest for failure to deduct tax at source/delay in payment of TDS
Stage of deduction
Rate per month or part of the month
From date when deductible till actual deduction
1.00%
From date of deduction till payment
1.50%
TDS / TCS RATES FOR F.Y.2020-21
Section
Nature of Payment
Threshold Limit of Payment
01-04-2020 to 13-05-2020
New rates from 14-05-2020 to 31-03-2021
192
Income from Salary
Senior Citizen (60 Years)
Rs. 3,00,000
Super Senior Citizen (80 Years)
Rs. 5,00,000
Others
Rs. 2,50,000
Average rate of Tax + Health & Education Cess (Surcharge if Salary > 50 Lacs)
Average rate of Tax + Health & Education Cess (Surcharge if Salary > 50 Lacs)
192A
Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
Rs. 50,000
10%
10%
193
* Interest on Securities
Rs. 10,000
10%
7.5%
194
Dividend
10%
7.5%
194A
Interest from a Banking Company
Rs. 40,000 per annum /Rs. 50,000 per annum for Senior citizen
10%
7.5%
194A
Interest other than from a Banking Company
Rs. 5,000 per annum
10%
7.5%
194B
Winning from Lotteries & Cross Word Puzzles
Rs. 10,000 per annum
30%
30%
194BB
Winnings from horse races
Rs. 10,000 per annum
30%
30%
194C
Payment to contractor/sub-contractor
Rs.30,000 per contract (or)
Rs. 1,00,000 per annum
Individual/HUF 1% ,Others 2%
Individual/HUF 0.75% ,Others 1.5%
194D
Insurance Commision
Rs. 15,000
Resident:5%
Domestic Company:10%
Resident:3.75%
Domestic Company:10%
194DA
Payment under life insurance policy
Rs.1,00,000 per annum
Upto 31-08-2019 : 1 %
w.e.f 01-09-2019 : 5%
3.75%
194EE
Out of deposit under NSS
Rs.2,500
10%
7.5%
194F
Payment on account of repurchase of units by Mutual Fund or Unit Trust of India
20%
15%
194G
Commission on Sale of Lottery Tickets
Rs. 15,000
5%
3.75%
194H
**Commission/Brokerage
Rs. 15,000 per annum
5%
3.75%
194-I(a)
**Rent of Plant / Machinery
Rs. 2,40,000 per annum
2%
1.5%
194-I(b)
**Rent of Land or building or furniture or fitting
Rs. 2,40,000 per annum
10%
7.5%
194-IA
Payment or transfer of immovable property (other than rural agriculture land)
Rs. 50,00,000 & above
1%
0.75%
194-IB
Rent payable by an individual or HUF not liable to tax audit
Rs.50,000 per month
5%
3.75%
194-IC
Payment of monetary consideration under Joint Development Agreements
10%
7.5%
194J
Fees for Professional / Technical Services / Royalty / Remuneration to director
Rs. 30,000 per annum
2% (For Call Centre & Fees for Technical Services & Royalty )
10% (For Others)
1.5% (For Call Centre & Fees for Technical Services & Royalty )
7.5% (For Others)
194-K
Income in respect of units of Mutual funds or specified company
Rs. 5,000
10%
7.5%
194LA
Compensation on acquisition of immovable Property
Rs 2,50,000
10%
7.5%
194LBA(1)
Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.
10%
7.5%
194LBB
Payment in respect of units of Investment funds u/s 115UB [other than income which is exempt under Section 10(23FBB)]
10%
7.5%
194LBC(1)
Income in respect of investment made in a securitisation trust
Individual/HUF 25%
Other 30%
Individual/HUF 18.75%
Other 22.5%
194M
TDS on payment to resident contractors and professionals or by way of commission / brokerage (other than those who covered u/s 194C or 194J) by individual/HUF not liable for tax audit.
Rs. 50 lacs
5%
3.75%
194N
TDS on cash withdrawal from Bank, Post office etc.
i) in excess of Rs. 1 crore
2%
2%
194N
TDS on cash withdrawal from Bank, Post office etc.
ii) in excess of Rs. 20 lakhs* (* for those persons who have not filed return of income (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired)
2% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 20 lakhs during the previous year( from 01/07/2020))
5% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 1 crore during the previous year ( from 01/07/2020)
2% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 20 lakhs during the previous year ( from 01/07/2020)
5% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 1 crore during the previous year ( from 01/07/2020)
194-O
Tds on E-commerce participants
NA
0.75% (w.e.f 01.10.2020)
* Only for Debenture in which the public are substantially interested
** Other than Individual or HUF except those covered u/s 44AB
Note -
In case of non availibility of PAN :- Tds shall be at the rate specified or at the rate of 20% whichever is higher
TCS Rates
Section
Nature of Payment
Threshold Limit of Payment
01-04-2020 to 13-05-2020
New rates from 14-05-2020 to 31-03-2021
206C (1)
Sale of Scrap
1.00%
0.75%
206C (1)
Sale of Tendu Leaves
5.00%
3.75%
206C (1)
Sale of Timber obtained under a forest lease or other mode
2.50%
1.875%
206C (1)
Sale of Any other forest produce not being a Timber or tendu leaves
2.50%
1.875%
206C (1)
Sale of Alcoholic Liquor for Human Consumption
1.00%
1.00%
206C
Sale of Indian made for foreign liquor
1.00%
1.00%
206C (1C)
Lease or license of Parking lot, toll plaza, mining & quarrying
2.00%
1.5%
206C (1)
Sale of Minerals, coal lignite, Iron ore by a trader
1.00%
0.75%
206C (1F)
Sale Value of Motor vehicle whether in cheque or in any other mode of receipt
Exceeding Rs. 10 Lakhs per transaction
1.00%
0.75%
Notes
Surcharges & Education Cess
Type of Payment
Surcharge
Rate
Health and Education Cess (4.00%)
Salary (Residents)
Upto 50 Lacs
50 Lacs to 1 Crore
> 1 Crore but upto 2 Crore
> 2 crore but upto 5 crore
> 5 crore
Nil
10%
15%
25%
37%
Yes
Yes
Yes
Yes
Yes
Other Payments to Residents
No
Nil
No
Interest for failure to deduct tax at source/delay in payment of TDS
Stage of deduction
Rate per month or part of the month
From date when deductible till actual deduction
1.00%
From date of deduction till payment
1.50%
TDS / TCS RATES FOR F.Y.2019-20
Section
Nature of Payment
Threshold Limit of Payment
Rates
192
Income from Salary
Senior Citizen (60 Years)
Rs. 3,00,000
Super Senior Citizen (80 Years)
Rs. 5,00,000
Others
Rs. 2,50,000
Average rate of Tax + Health & Education Cess (Surcharge if Salary > 50 Lacs)
192A
Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
Rs. 50,000
10%
193
* Interest on Securities
Rs. 10,000
10%
194
Dividend—
Dividend other than the dividend as referred to in Section 115-O
10%
194A
Interest from a Banking Company
Rs. 40,000 per annum /Rs. 50,000 per annum for Senior citizen
10%
194A
Interest other than from a Banking Company
Rs. 5,000 per annum
10%
194B
Winning from Lotteries & Cross Word Puzzles
Rs. 10,000 per annum
30%
194BB
Winnings from horse races
Rs. 10,000 per annum
30%
194C
Payment to contractor/sub-contractor
Rs.30,000 per contract (or)
Rs. 1,00,000 per annum
Individual/HUF 1% Others 2%
194D
Insurance Commision
Rs. 15,000
Resident:5%
Domestic Company:10%
194DA
Payment under life insurance policy
Rs.1,00,000 per annum
Upto 31-08-2019 : 1%
w.e.f 01-09-2019 : 5%
194EE
Out of deposit under NSS
Rs.2,500
Individual or HUF 10%
Other NA
194F
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India
20%
194G
Commission on Sale of Lottery Tickets
Rs. 15,000
5%
194H
**Commission/Brokerage
Rs. 15,000 per annum
5%
194-I(a)
**Rent on Plant / Machinery
Rs. 2,40,000 per annum
2%
194-I(b)
**Rent of Land or building or furniture or fitting
Rs. 2,40,000 per annum
10%
194-IA
Payment or transfer of immovable property (other than rural agriculture land)
Rs. 50,00,000 & above
1%
194-IB
Rent payable by an individual or HUF not liable to tax audit
Rs.50,000 per month
5%
194-IC
Payment of monetary consideration under Joint Development Agreements
10%
194J
Fees for Professional / Technical Services
Rs. 30,000 per annum
2% (For Call Centre)
10% (For Others)
194LA
Compulsory Acquisition of immovable Property
Rs. 2,50,000
10%
194LBA(1)
Business trust shall deduct tax while distributing, any interest received or receivable by it from a SPV or any income received from renting or leasing or letting out any real estate asset owned directly by it, to its unit holders.
10%
194LBB(i)
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)]
10%
194LBC(1)
Income in respect of investment made in a securitisation trust
Individual or HUF 25%
Other 30%
194M
TDS on payment to resident contractors and professionals (other than those who covered u/s 194C or 194J) by individual/HUF not liable for tax audit.
Rs. 50 lacs
5% (wef 01.09.2019)
194N
TDS on cash withdrawal from Bank, Post office etc.
Rs. 1 crore
2% (wef 01.09.2019)
* Only for Debenture in which the public are substantially interested
** Other than Individual or HUF except those covered u/s 44AB
Note -
In case of non availibility of PAN :- Tds shall be at the rate specified or at the rate of 20% whichever is higher
TCS Rate
Section
Nature of Payment
Threshold Limit of Payment
Rates
206C
Scrap
1.00%
206C
Tendu Leaves
5.00%
206C
Timber obtained under a forest lease or other mode
2.50%
206C
Any other forest produce not being a Timber or tendu leave
2.50%
206C
Alcoholic Liquor for Human Consumption
1.00%
206C
Indian made Foreign liquor
1.00%
206C
Parking lot, toll plaza, mining & quarrying
2.00%
206C
Purchase of coal lignite, Iron ore by a trader
1.00%
206C
Sale Value of Motor vehicle whether in cheque or in any other mode of receipt
Exceeding Rs. 10 Lakhs per transaction
1.00%
Notes
Surcharges & Education Cess
Type of Payment
Surcharge
Rate
Health and Education Cess (4.00%)
Salary (Residents)
Upto 50 Lacs
50 Lacs to 1 Crore
> 1 Crore but upto 2 Crore
> 2 crore but upto 5 crore
> 5 crore
Nil
10%
15%
25%
37%
Yes
Yes
Yes
Yes
Yes
Other Payments to Residents
No
Nil
No
Interest for failure to deduct tax at source/delay in payment of TDS
