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)

SectionNature of PaymentThresholdIndv/HUFOthers
Rs.TDS Rate (%)TDS Rate (%)
192SalariesAvg
192APremature withdrawal from EPF50,00010% –  
193Interest on Securities10,00010%10%
194Dividends2,50010%10%
194AInterest (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%
194AInterest (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 / 50,00010%10%
194BWinning from Lotteries10,00030%30%
194BBWinning from Horse Race10,00030%30%
194CContractor – Single Transaction30,0001%2%
194CContractor – During the F.Y.
(including Transporter with more than 10 carriages)
1,00,0001%2%
194CTransporter (44AE) declaration with PAN (upto 10 Carriages) –   –   –  
194DInsurance Commission (15G – 15H allowed)15,0005%10%
194DALife insurance Policy1,00,0001%1%
194ENon-Resident Sportsmen or Sports Association –  20%20%
194EENSS2,50010%10%
194FRepurchase Units by MFs –  20%20%
194GCommission – Lottery15,0005%5%
194HCommission / Brokerage15,0005%5%
194IRent of Land and Building1,80,00010%10%
194IRent of Plant / Machinery / Equipment2,40,0002%2%
194IATransfer of certain immovable property other than agriculture land50,00,0001%1%
194IBRent by Individual / HUF (wef 01.06.2017)50000/PM5%0%
194JProfessional Fees / Technical Fees / etc.30,00010%10%
194JPayment to Call Centre Operator
(wef 01.06.2017)
30,0002%2%
194LACompensation on transfer of certain
immovable property other than
agricultural land
2,50,00010%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.

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

SectionNature of PaymentTCS Rate (%)
206CScrap1%
206CTendu Leaves5%
206CTimber obtained under a forest lease or other mode2.5%
206CAny other forest produce not being a timber or tendu leave2.5%
206CAlcoholic Liquor for human consumption1%
206CParking Lot, Toll Plaza, Mining and Quarrying2%
206CMinerals, being coal or lignite or iron ore
(applicable from July 1, 2012)
1%
206CSale 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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