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Saturday, 1 September 2018

TDS Rates Chart for FY 2018-19 | AY 2019-2020



TDS Rate Chart


Assessment Year: 2019-20 Financial Year: 2018-19
Nature of paymentSectionRate for TDS**Criteria for deduction (Payment in excess of )
Salary192As per the slab rates applicable to Assessee (30% if no valid PAN)
Payment of accumulated balance due to an employee under Employees Provident Fund Scheme,1952. (w.e.f 01-06-15)192A10% (30% if no valid PAN)when the amount of payment or accumulated amount of payment exceeds Rs. 30,000 and Rs. 50,000/- (from 01.06.2016)
Interest on securities
a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;
b) any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;
c) any security of the Central or State Government;
d) interest on any other security
19310% (20% if no valid PAN)In case of security, at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 10,000/-

In case of debentures, at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 5,000/-

Dividend other than the dividend as referred to in Section 115O19410% (20% if no valid PAN)Before making payment to’ shareholder, other than dividend declared U/s. 115O, when the amount exceeds Rs. 2,500
Interest other than Interest on Securities194A10% (20% if no valid PAN)In case of banks (including co-operative banks), at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 10,000/-p.a.
In case of others, at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 5,000/-p.a.
In case of a senior citizen, at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 50,000/-p.a.{Applicable from 01.04.18} 
Winning from Lotteries, Crossword Puzzles, card games & other games of any sort194B30% (30% if no valid PAN)Income of Rs. 10,000/- p.a.
Winnings from horse races194BB30% (30% if no valid PAN)Income of Rs. 10,000/- p.a.
Payment to Contractors & subcontractors194CFor individuals /HUF 1% – (20% if no Valid PAN)
For Others- 2% – (20% if no Valid PAN)
At the time of credit or payment, whichever is earlier, when the amount of a particular contract exceeds Rs. 30,000/- or the total amount of contract exceeds Rs. 75,000/-p.a (Rs. 1,00,000 W.E.F from 01.06.2016).
Insurance Commission194D5% (20% if no valid PAN)At the time of credit or payment, whichever is earlier when the amount exceeds Rs. 15,000/-
Payment under life insurance policy (including bonus)194DA1% (20% if no valid PAN)At the time of payment when the amount or the total amount exceeds Rs. 1 ,00,000/- p.a.
Payment to Non-Resident Sportsmen or Sports Association194E20% (20% if no valid PAN)At the time of credit or payment, whichever is earlier
Payment in respect of deposit under National Savings Scheme (NSS)194EE10% (20% if no valid PAN)At the time of credit or payment, whichever is earlier when the amount exceeds Rs. 2,500/-
Payment on account of repurchase of the unit by Mutual Fund or Unit Trust of India194F20% (20% if no valid PAN)At the time of credit or payment, whichever is earlier
Commission on sale of lottery tickets194G5% (20% if no valid PAN)
10% in case of company
At the time of credit or payment, whichever is earlier when the amount exceeds Rs. 1,000/-
Payment of commission brokerage194H5%  Wef (01.06.2016) (20% if no valid PAN) Earlier 10%At the time of credit or payment whichever is earlier when the amount exceeds Rs. 5,000/- [Rs. 15,000/-p.a. wef 01.06.2016)]
Rent – Plant & Machinery or Equipments194I2% (20% if no valid PAN)At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a.
Rent – Land & Building194I10% (20% if no valid PAN)At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a.
Payment on transfer of certain immovable property other than agriculture land.194IA1% (20% if no valid PAN)At the time of credit or payment, whichever is earlier, when the land is situated in a specified area when the amount exceeds Rs. 50 lacs
Rent payable by an individual or HUF not covered u/s. 194I (W.E.F. from 01.06.2017)194IBThreshold limit Rs. 50,000/- per month. TDS to be deducted @ 5%Tax shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of tenancy if the property is vacated during the year, as the case may be, to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier.
 Payment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement194ICThreshold limit Rs. Nil TDS to be deducted @ 10%At the time of credit or payment, whichever is earlier
Any sum paid by way of
a) professional fees
b) technical fees
c) royalty
d) remuneration/fees/commission to a director
e)For not carrying out any activity in relation to any business
f) For not sharing any know-how, patent, copyright etc.
194JFor call center operator (only business) –  2%
For others 10 %
(20%if no valid PAN) Wef 01.06.2017
At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 30,000/- p.a.
Income in respect of Units194KOmitted Wef 01.06.2016
Payment of Compensation on the acquisition of Capital Asset194LOmitted Wef 01.06.2016
Payment on transfer of certain immovable property other than agricultural land194LA10% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July 2020. (20% if no valid PAN)At the time of credit or payment whichever is earlier if the amount exceeds Rs. 2,50,000 p.a.
Payment of interest on infrastructure debt fund to non-resident or foreign company194LB5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020).  (20% if no valid PAN)At the time of credit or payment whichever is earlier
Certain income from units of a business trust(applicable from 01.10.2014 )194LBAFor nonresident – 5% For others – 10% (20% if no valid PAN)At the time of credit or payment, whichever is earlier
Investment fund paying an income to a unitholder [other than income which is exempt under Section 10(23FBB)] shall deduct tax therefrom (with effect from 01.06.2015)194LBB10% from 1-April-2016 to 31-May-2016 40% For Non Residents (1-Jun-2016 to 31-Mar-2017) 30 % For Non Residents (on or after 1-Jun-2016 ) (20% or Rate Applicable whichever is higher if no Valid PAN) –At the time of credit or payment, whichever is earlier
Income in respect of investment in securitization trust. (From 01.06.2016)194LBCFor Indian Residents: Individual & HUFs –  25%
Others – 30%
For Non-Indian Residents: Company – 40%
Others – 30%
At the time of credit or payment, whichever is earlier
Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond194LC5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020) (20% if no valid PAN)At the time of credit or payment, whichever is earlier
Payment of interest on rupee-denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor194LD5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July 2020) (20% if no valid PAN)At the time of credit or payment, whichever is earlier
TDS on Payment made to Non-Residents195As per rates prescribed under income tax or DTAA

Foreign company  unitholder of Mutual Fund196AFor the company – 10 %
For others  – 20%
At the time of credit or payment, whichever is earlier
Income from units (including long-term capital gain on transfer of such units) to an offshore fund196B10% (20% if no valid PAN)At the time of credit or payment, whichever is earlier
Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)196C10% (20% if no valid PAN)At the time of credit or payment, whichever is earlier
Income of FIIs from securities196D20% (20% if no valid PAN)At the time of credit or payment, whichever is earlier
**Surcharge, education cess and secondary and higher education cess will be added to the above tax rate, as applicable.

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