TDS & TCS Rate Chart for F.y.2020-21 (A.y.2021-22)

TDS Rate Chart for F.y.2020-21 (A.y.2021-22)

SectionNature of PaymentThresholdIndividual / HUFOthers
 Rs.TDS Rate (%)TDS Rate (%)
192SalariesAvg.
192APremature withdrawal from EPF50,00010%
193Interest on Securities10,00010%10%
194Dividends5,00010%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.40,000 / 50,00010%10%
194AInterest (Other than securities)5,00010%10%
194BWinning from Lotteries10,00030%30%
194BBWinning from Horse Race10,00030%30%
194CContractor30,000 Single Bill or 1,00,000 aggregate bills during the year1%2%
194DInsurance Commission (15G – 15H allowed)15,0005%10%
194DALife insurance Policy1,00,0001%1%
194ENon-Resident Sportsmen or Sports Association20%20%
194EENSS2,50010%10%
194FRepurchase Units by MFs20%20%
194GCommission – Lottery15,0005%5%
194HCommission / Brokerage15,0005%5%
194IRent of Land and Building, Furniture & Fittings2,40,00010%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 not Liable to Tax Audit
(wef 01.06.2017)
50,000/P.M.5%0%
194ICPayment under Specified agreement10%10%
194JProfessional Fees other than Technical Fees30,00010%10%
194JPayment of Technical Fees (w.e.f. 01.04.2020)30,0002%2%
194JPayment to Call Centre Operator
(wef 01.06.2017)
30,0002%2%
194KPayment of any income in respect of: a) Units of a Mutual Fund as per Section 10(23D) b) The Units from the administrator c) Units from specified company
(w.e.f. 01.04.2020)
10%20%
194LACompensation on transfer of certain
immovable property other than
agricultural land
2,50,00010%10%
194LAImmovable Property (TDS exempted under RFCTLARR Act (wef 01.04.2017)
194LBIncome by way of interest from infrastructure debt fund (non- resident)5%5%
194LBACertain income from units of a business trust(applicable from 01.10.2014) 10%10%
194LBACertain income from units of a business trust to non-resident (applicable from 01.10.2014)5%5%
194LBBIncome in respect of units of investment fund10% For Residents,
30 % For Non-Residents
10% For Residents,
30 % For Non-Residents
194LBCIncome in respect of investment in securitization trust30% For Residents, 40% For Non-Residents, 25% for Individual and HUF30% For Residents, 40% For Non-Residents, 25% for Individual and HUF
194LCIncome by way of interest by an Indian specified company to a non-resident / foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India (applicable from July 1, 2012)5%5%
194LDInterest on certain bonds and Govt. Securities (from 01-06-2013)5%5%
194MPayment of Commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J.5%5%
194NCash withdrawal in excess of 1 crore during the previous year with bank or co-operative society
(wef 01.09.2019)
2%2%
194OE-Commerce operator for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform.

In case the E-commerce participant does not furnish PAN or Aadhar Number to the e-commerce operator, TDS shall be deducted at the rate of 5% under section 206AA of the Act.
(This Section is inserted by Finance Act, 2020 which is applicable from 01/10/2020)
1%1%

Note 1: From 1st April 2020, the payment of Fees for Technical service shall be subject to TDS at the rate of 2%. However, w.e.f. 01.04.2017, the tax on payments made to operators of call centres shall be deducted at a reduced rate of 2%.

Note 2: Surcharge is not deductible on payments made to residents, other than salary.

Note 3: TDS Rate without PAN-20% Flat (if TDS Rate is lower than 20%)

Note 4: In case of non-resident, surcharge would be applicable on TDS.


TCS Rate Chart for F.y.2020-21 (A.y.2021-22)

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%
206CBullion if consideration (excluding any coin / article weighting 10 grams or less) exceeds Rs. 2 Lakhs1%
206CTCS on sale in cash of any goods (other than bullion/jewellery)1%
206CTCS on providing of any services (other than Ch-XVII-B)1%
206C(1G)(a)TCS on foreign remittance through Liberalised Remittance Scheme (applicable from 01.04.2020)5 (10% for Non PAN or Aadhar)
206C(1G)(b)TCS on selling of overseas tour package (applicable from 01.04.2020)5 (10% for Non PAN or Aadhar)
206C(1H)TCS on sell of any goods (except goods on which TCS applicable as per Section 206C(1), 206C(1F) and 206C(1G)), (applicable from 01.04.2020)0.1 (1% for Non PAN or Aadhar)

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.2020-21

Download the TCS Rate Chart from here: TCS Rate Chart for F.y.2020-21

Please note that while Launching Atmnirbhar Bharat Scheme by Finance Minister the Revised Rate of TDS/TCS Chart have been issued for dealing with the economic situation arising out of COVID-19 pandemic. The Revised TDS/TCS Rate Chart is effective from 14th May 2020 to 31st March 2021.

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