A comprehensive list of rate of Tax Deduction at Source (TDS) applicable for the Financial Year 2019-2020 as per Income Tax Act, 1961.
|Section||Nature of Payment||Threshold Limit||TDS rates|
|192||Payment of Salary||As per the income tax slab||As per the income tax slab|
|192A||Payment of accumulated balance of Provident Fund||Rs. 50,000.||10%|
|193||Payment of Interest on Securities||Rs. 10,000.||10%|
|193||Payment of Interest on Debentures||Rs. 5,000||10%|
|194||Payment of Dividends (other than Listed Companies)||–||10%|
|194A||Payment of Interest (other than interest on securities) paid by a Banking Company, Co-operative Society or Post Office||Rs. 40000.||10%|
|194A||Payment of Interest (other than interest on securities) paid by a Banking Company, Co-operative Society or Post Office to Senior Citizens||Rs. 50,000||10%|
|194A||Payment of Interest (other than interest on securities) any other case||Rs. 5,000||10%|
|194B||Payment of Winning from Lottery or Crossword Puzzle, Card Game||Rs. 10,000||30%|
|194BB||Payment of Winning from Horse Races.||Rs. 10,000||30%|
|194C||Payments to to Contractors/ Sub-Contractor||Single Transaction – Rs. 30,000.
Aggregate amount during the Financial Year – Rs. 1,00,000
|1% in case of Individual / Hindu Undivided Family
2% in case of other
|194D||Payment of Insurance Commission||Rs. 1,00,000.||1% (5% with effect from 1.09.2019)|
|194E||Payment to Non-Resident Sportsmen / Sports Associations||–||20%|
|194EE||Payment in respect of the deposits under National Savings Scheme||Rs. 2,500||10%|
|194F||Payment on account of repurchase of the units by Mutual Funds / Unit Trust of India||–||20%|
|194G||Payment of Commission on Sale of Lottery Tickets||Rs. 15,000||5%|
|194H||Payment of Commission / brokerage||Rs. 15,000||5%|
|194I||Payment of Rent||Rs. 2,40,000||10% in case of use of any machinery / plant / equipment,
20% in case of use of any land / building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings.
|194IA||Payment on transfer of immovable property (other than agricultural land)||Rs. 50,00,000||1%|
|194IB||Payment of Rent by individual or Hindu Undivided Family||Rs. 50,000 per month||5%|
|194J||Payment of Fees for Professional or Technical Services||Rs. 30,000||2% in case the payee is engaged in a business of the operation of call center only.
10% in any other case.
|194LA||Payment of Compensation on Acquisition of Certain Immovable Property||Rs. 2,50,000||10%|
|194LB||Payment of Income by way of Interest from the Infrastructure Debt Fund||–||5%|
|194LBA||Payment of certain Income from the Units of a Business Trust to its Unit Holder||–||10% – In case of a Resident,
5% – in case of a Non-resident [income referred in section 10 (23FC) (a)],
30% – in case of a Non-resident [income referred in section 10 (23FCA)]
|194LBB||Payment of Income in respect of the Units of Investment Funds||–||10% – in case of Resident,
30% – in case of Non-Resident
|194LBC||Payment of Income in respect of the Investment in Securitization Trust||–||25% – in case of individual / HUF,
30% – in any other case
|194LC||Payment of Interest from the Indian Company paid to Non-resident or to a Foreign Company||–||5%|
|194LD||Payment of Interest on certain types of Bonds and Government Securities||–||5%|
|194M||Payment to Individual or Hindu Undivided Family responsible for paying any resident for carrying out any work in pursuance of a Contract or by way of fees for Professional Services. (w.e.f. 01.09.2019).||Rs. 50,00,000||5%|
|194N||Payment to Banking Company or a Co-Operative Society or Post Office paying any sum in cash in excess of Rs. 1 Crore to any person from an account maintained by the recipient. (w.e.f. 01.09.2019).||Rs. 1 Crore||2%|