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TDS / TCS RATES FOR F.Y.2019-20

Section Nature of Payment Threshold Limit of Payment 01-04-2019 to 31-03- 2020
192

Income from Salary

Senior Citizen (60 Years)

Rs. 3,00,000
Average rate of Tax +  Health & Education Cess (Surcharge if Salary > 50 Lacs)

Super Senior Citizen (80 Years)

Rs. 5,00,000
Others Rs. 2,50,000
192A Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
Rs. 50,000
10%
193

* Interest on Securities

Rs. 10,000 10%
194A

Interest from a Banking Company

Rs. 40,000 per annum /Rs. 50,000 per annum for Senior citizen 10%
194A

Interest other than from a Banking Company

Rs. 5,000 per annum 10%
194B

Winning from Lotteries & Cross Word Puzzles

Rs. 10,000 per annum 30%
194BB Winnings from horse races Rs. 10,000 per annum 30%
194C

Transporters with valid PAN & to whom 44AE applicable

- 0%
194C Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters) Rs.30,000 per contract (or)
Rs. 1,00,000 per annum
Individual/HUF 1% Others 2%
194D Insurance Commision Rs. 15,000
Resident:5%
Domestic Company:10%
194DA

Payment under life insurance policy (including Bonus)

Rs.1,00,000 per annum 2%
194E

Non-resident Sportman or Sports Association

-

20%
194EE

Out of deposit under NSS

Rs.2,500
Individual or HUF 10%
Other NA
194G

Commission on Sale of Lottery Tickets

Rs. 15,000
5%
194H **Commission/Brokerage Rs. 15,000 per annum
5%
194-I **Rent on Plant / Machinery Rs. 2,40,000 per annum 2%
194-I

**Land or building or furniture or fitting

Rs. 2,40,000 per annum 10%
194-IA Payment or transfer of Non -agricultural immovable property Rs. 50,00,000 & above 1%
194-IB
Rent payable by an individual or HUF not covered u/s. 194I
Rs.50,000 per month


5%

194-IC
Payment of monetary consideration under Joint Development Agreements

-

10%
194J Fees for Professional / Technical Services Rs. 30,000 per annum 2% (For Call Centre)
10% (For Others)
194LA
Compulsory Acquisition of immovable Property Rs. 2,50,000
10%
194LBB Investment fund paying an income to a unit holder

-

10% or Invalid PAN 20%
Non-Resident 30%
Foreign Company 40%
194LBC Income in respect of investment made in a securitisation trust 

-

Individual or HUF 25%
Other 30%
Foreign Company 40%
194M TDS on payment to resident contractors and professionals (other than those who covered u/s 194C or 194J) by individual/HUF not liable for tax audit. Rs. 50 lacs 5% (wef 01.09.2019)
194N TDS on cash withdrawal from Bank, Post office etc. Rs. 1 crore 2% (wef 01.09.2019)

* Only for Debenture in which the public are substantially interested
** Other than Individual or HUF except those covered u/s 44AB

TCS Rates

206C

Scrap

-

1.00%
206C

Tendu Leaves

-

5.00%
206C

Timber obtained under a forest lease or other mode

-

2.50%
206C

Any other forest produce not being a Timber or tendu leave

-

2.50%
206C

Alcoholic Liquor for Human Consumption

-

1.00%
206C

Packing lot, toll plaza, mining & quarrying

-

2.00%
206C Purchase of coal lignite, Iron ore by a trader - 1.00%
206C Sale Value of Motor vehicle whether in cheque or in any other mode of receipt Exceeding Rs. 10 Lakhs per transaction 1.00%

Notes

1. Surcharges & Education Cess

Type of Payment Surcharge
Rate Health and Education Cess (4.00%)
Salary (Resident & Non- resident) Upto 50 Lacs
Nil Yes
50 Lacs to  1 Crore 10%
Salary (Resident & Non- resident)
> 1 Crore
15%
Yes
Other Payments to Residents No Nil No
Other Payments to Non-Residents


Payment to Non-Residents (other than Cos) Upto 1cr Nil Yes
> 1 Crore 15%
Payments to Foreign Co. Upto 1cr Nil Yes
> 1 Crore 2%
> 10 Crores 5%

 

Interest on delay in deposit of tax after deduction

Stage of deduction

Rate per month or part of the month

From date when deductible till actual deduction

1.00%

From date of deduction till payment

1.50%




 
     
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