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TDS Rate Chart For F.Y 2019-20

Article compiles Section wise TDS Rates / TDS Rate Chart for Financial Year 2019-20 or Assessment Year 2020-21 with Nature of Payment, Threshold Limit and Percentage TDS rate applicable to Individual, HUF and to other category of Assessees.

    TDS rate forTDS rate forTDS rate for
Sl. No.Nature of PaymentSectionBasic Cut-off
(Rs.) p.a.
Individual and HUFOther than Individual/HUFIf PAN is not submitted/Invalid PAN
1Payment of Salaries by
Employers
192Slab rateSlab rateNot applicable30%
2Premature payment by PF
Organization from EPF A/c
(i.e. before 5 Years).
192A50,000.0010%Not applicable20%
3Payment of Interest on
Securities by company.
19310,000.0010%10%20%
4Payment of Dividend other
than dividend as referred to
Section 115O by company
(i.e. Dividend on which
Dividend Distribution Tax is
not
paid)
1942,500.0010%10%20%
5Payment of Interest by
bank
194A40,000.00
(Non Sr.Citizen)
50,000.00
(Sr. Citizen)
10%10%20%
6Payment of Interest by
others
194A5,000.0010%10%20%
7Payment of prize from
Wining from Lotteries by
any person.
194B10,000.0030%30%30%
9Payment of prize from
Wining from Horse Race by
any person.
194B10,000.0030%30%30%
9Payment to Contractors by
any person.
194C30,000.00
(Single bill) or
1 Lakh
aggregate
bills
during the year.
1%2%20%
10Payment to Transporter
Covered u/s. 44E and
submit declaration in
prescribed format. (i.e.
owning less than 10
goods carriages)
194C-0020%
11Payment to Transporter not
covered u/s. 44E
(i.e. owning more than 10
goods carriages)
194C30,000.00
(Single bill ) or
75,000.00
aggregate
bills during the
year.
1%2%20%
12Payment of Insurance
Commission to agents by
Insurance Company.
194D15,000.005%10%20%
13Payment in respect of
maturity of Life Insurance
Policy by Life
Insurance Company.
194DA1 Lakh1%1%20%
14Payment to NRI sportsman
or association by any person
or
organization
194E-20%20%20%
15Payment out of deposit under
National Saving
Scheme (NSS)
194EE2,500.0010%10%20%
16Payment with respect to
repurchase of units by
Mutual Fund Companies.
194F-20%20%20%
17Payment of Lottery
Commission
194G15,000.005%5%20%
18Payment of commission or
Brokerage
194H15,000.005%5%20%
19Payment of rent on land,
building, furniture and
fittings.
194I240,000.0010%10%20%
20Payment of rent on plant,
machinery or equipments.
194I240,000.002%2%2%
21Payment made on account of
transfer of immovable
property other
than agriculture land.
194IA50 Lakh1%1%20%
22Rent payable by
individual not covered
u/s. 194I for land,
building, furniture and
fittings
194IB50,000.00 PM5%5%20%
23Payment of Professional
Fees other than call
centers
194J30,000.0010%10%20%
24Payment of Professional
Fees to call centers.
194J30,000.002%2%20%
25Compensation on transfer of
certain immoveable property
than Agriculture
Land
194LA250,000.0010%10%20%