TDS RATES CHART FOR FY 2018-19 AY 2019-20
TDS RATE CHART
(FY: 2018-19 II AY: 2019-20) |
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SECTION
|
NATURE OF PAYMENT
|
Payment in Excess of **
|
TDS Rate for
Individual (%) |
192
|
Salary
|
As per the slab rates applicable to
Assessee (30% if no valid PAN)
|
|
192A
|
Payment of accumulated balance due to an employee
under Employees Provident Fund Scheme,1952. (w.e.f 01-06-15)
|
Rs. 50,000/-
|
10% (30% if no valid PAN)
|
193
|
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
|
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/- |
10% (20% if no valid PAN)
|
194
|
Dividend other
than the dividend as referred to in Section 115O
|
Before making payment to’ shareholder, other
than dividend declared U/s. 115O, when amount exceeds Rs. 2,500
|
10% (20% if no valid PAN)
|
194A
|
Interest other than Interest on Securities
|
Rs. 10,000/-p.a. (in case of Banks) Rs. 5000/- p.a. (in case of others) Rs. 50000/- p.a. (in case of Senior Citizen) {Applicable from 01.04.18} |
10% (20% if no valid PAN)
|
194B
|
Winning from Lotteries ,Crossword
Puzzles, card games & other games of any sort
|
Rs. 10,000/- p.a. |
30% (30% if no valid PAN)
|
194BB
|
Winnings from horse races
|
Rs. 10,000/- p.a.
|
30% (30% if no valid PAN)
|
194C
|
Payment
to Contractors & sub contractors
|
30,000 (per payment) or 1,00,000 p.a.
|
For
individuals /HUF 1% – (20% if no Valid PAN)
For Others- 2% –
(20% if no Valid PAN)
|
194D
|
Insurance Commission
|
Rs. 15,000/-
|
5% (20% if no valid PAN)
|
194DA
|
Payment under life insurance policy
(including bonus)
|
Rs.1,00,000/- p.a.
|
1% (20% if no valid PAN)
|
194E
|
Payment to Non-Resident Sportsmen or Sports
Association
|
Any
Amount
|
20% (20% if no valid PAN)
|
194EE
|
Payment in respect of deposit under National
Savings scheme (NSS)
|
Rs. 2,500/-
|
10% (20% if no valid PAN)
|
194F
|
Payment on account of repurchase of unit by
Mutual Fund or Unit Trust of India
|
Any
Amount
|
20% (20% if no valid PAN)
|
194G
|
Commission on sale of lottery tickets
|
Rs. 1,000/-
|
5%
(20% if no valid PAN)
10% in case of
company
|
194H
|
Payment of commission brokerage
|
Rs. 15,000/-p.a.
|
5% (20% if no valid PAN)
|
194I
|
Rent – Plant & Machinery or Equipments
|
Rs. 1,80,000/-p.a.
|
2% (20% if no valid PAN)
|
194I
|
Rent – Land &
Building
|
Rs. 1,80,000/-p.a.
|
10% (20% if no valid
PAN)
|
194IA
|
Payment
on transfer of certain immovable property other than agriculture land.
|
Rs. 50 lacs
|
1% (20% if no valid PAN)
|
194IB
|
Rent
payable by an individual or HUF not covered u/s. 194I (W.E.F. from
01.06.2017)
|
Threshold limit Rs. 50,000/- per
month.
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. |
5%
|
194J
|
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.
|
Rs. 30,000/- p.a.
|
For
call center operator (only business) – 2%
For others 10 %
(20%if no valid PAN)
Wef 01.06.2017
|
194LA
|
Payment on transfer of certain immovable
property other than agricultural land
|
Rs. 2,50,000 p.a.
|
10% (Concessional rate of TDS is only
available on interest payment for borrowings made before the 1st July, 2020. (20%
if no valid PAN)
|
195
|
Payment made to Non-Residents
|
As per rates prescribed under income tax or
DTAA
|
|
-By ACA SOURAV BAGARIA
|
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**Surcharge, education cess and secondary and higher education cess will be added to the above tax rate, as applicable.
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