TDS & TCS Rate Chart for F.y.2019-20 (A.y.2020-21)

TDS Rate Chart for F.y.2019-20 (A.y.2020-21)

Section Nature of Payment Threshold Indv/HUFOthers
Rs.TDS Rate (%) TDS Rate (%)
192 Salaries Avg
192A Premature withdrawal from EPF 50,000 10% –  
193 Interest on Securities 10,000 10% 10%
194 Dividends 2,500 10% 10%
194A Interest (Banks) / For those who are 60 years or older, TDS will only be deducted if the interest income exceeds Rs.50,000 in a given financial year. 10,000 / 50,000 10% 10%
194A Interest (Others) / For those who are 60 years or older, TDS will only be deducted if the interest income exceeds Rs.50,000 in a given financial year. 5,000 / 50,000 10% 10%
194B Winning from Lotteries 10,000 30% 30%
194BB Winning from Horse Race 10,000 30% 30%
194C Contractor – Single Transaction 30,000 1% 2%
194C Contractor – During the F.Y.
(including Transporter with more than 10 carriages)
1,00,000 1% 2%
194C Transporter (44AE) declaration with PAN (upto 10 Carriages) –   –   –  
194D Insurance Commission (15G – 15H allowed) 15,000 5% 10%
194DA Life insurance Policy 1,00,000 1% 1%
194E Non-Resident Sportsmen or Sports Association –   20% 20%
194EE NSS 2,500 10% 10%
194F Repurchase Units by MFs –   20% 20%
194G Commission – Lottery 15,000 5% 5%
194H Commission / Brokerage 15,000 5% 5%
194I Rent of Land and Building 1,80,000 10% 10%
194I Rent of Plant / Machinery / Equipment 2,40,000 2% 2%
194IA Transfer of certain immovable property other than agriculture land 50,00,000 1% 1%
194IB Rent by Individual / HUF (wef 01.06.2017) 50000/PM 5% 0%
194J Professional Fees / Technical Fees / etc. 30,000 10% 10%
194J Payment to Call Centre Operator
(wef 01.06.2017)
30,000 2% 2%
194LA Compensation on transfer of certain
immovable property other than
agricultural land
2,50,000 10% 10%
  • Note 1: Surcharge is not deductible on payments made to residents, other than salary.
  • Note 2: TDS Rate without PAN-20% Flat (if TDS Rate is lower than 20%)
  • Note 3: In case of non-resident, surcharge would be applicable on TDS.
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TCS Rate Chart for F.y.2019-20 (A.y.2020-21)

Section Nature of Payment TCS Rate (%)
206C Scrap 1%
206C Tendu Leaves 5%
206C Timber obtained under a forest lease or other mode 2.5%
206C Any other forest produce not being a timber or tendu leave 2.5%
206C Alcoholic Liquor for human consumption 1%
206C Parking Lot, Toll Plaza, Mining and Quarrying 2%
206C Minerals, being coal or lignite or iron ore
(applicable from July 1, 2012)
1%
206C Sale of motor vehicle of the value exceeding Rs. 10 Lacs (wef 01.06.2016) Motor vehicle clause not applicable on Central Government, a State Government, an embassy, a High Commission, Legation, Commission, Consulate and the Trade Representation of a foreign State; Local Authority; a Public Sector Company which is engaged in the business of carrying passengers (wef 01.04.2017) 1%

Note 1:  TCS Rates without PAN Double of TCS rates as above or 5%, whichever is higher

Download the TDS Rate Chart from here: TDS Rate Chart for F.y.2019-20

Download the TCS Rate Chart from here: TCS Rate Chart for F.y.2019-20


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BharaTax is an online Blog portal for reporting all the latest articles, judgments, Circulars, orders, and notifications relating to Taxation Laws in India.

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