New TDS rate post Covid 19 for FY 2020-21

Google+ Pinterest LinkedIn Tumblr +
SectionNature of paymentThreshold LimitTill 13/05/2020From 14/05/2020
Rs.TDS Rate (%)TDS Rate (%)TDS Rate (%)TDS Rate (%)
192SalariesNormal slab rateNormal slab rateNormal slab rateNormal slab rate
192APremature withdrawal from EPF5000010101010
193Interest on securities – 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year100001007.50
193Interest on securities – Interest on securities for money issued by or on behalf of any local authority/ statutory corporation, listed debentures of a company (other than demat form), any other interest on securitiesRs. 5000 in case of Individual107.5
194AInterest (Banking co., co-operative society engaged in banking, post office)50000107.5
194AInterest (Any other person)5000107.5
194BWinning from lotteries1000030303030
194BBWinning from Horse race1000030303030
194CContractor-Single transaction-Individual/HUF3000010.75
194CContractor – Consolidated Payment During the F.Y.100000
– Individual/HUF10.750-
– Others21.5
194CTransporter (44AE) declaration with PAN0000
194DInsurance commission – Other than Company15000503.750
                     – Company1007.50
194DAMaturity of Life insurance policy100000503.750
194ENon-resident sportsmen or sports associationNA20NA20
194FRepurchase units by MFs20201520
194HCommission /Brokerage15000503.750
194IRent of – Plant/Machinery/Equipment240000201.5
        – Land and Building/Furniture & Fixture1007.5
194IATransfer of certain immovable property other than agriculture land50 lakh100.75
194IBRent by Individual/HUF50000 per month503.75
194ICPayment under Joint Development Agreements to Individual/HUF1007.500
194JProfessional Fees300001007.50
194JTechnical Fees (w.e.f. 01.04.2020)30000201.50
194JPayment to call centre operator (w.e.f. 01.06.2017)30000201.50
194JDirector’s feesNIL1007.50
194KPayment of any income in respect of50001007.50
(a) units of a mutual fund as per section 10(23D); or
(b) the units from the administrator; or
(c) units from specified company
(w.e.f. 01.04.2020)
194LACompensation on transfer of certain immovable property other than agriculture land2500001007.50
(TDS exempted if covered under RFCTLARR Act w.e.f. 01.04.2017)
194LBIncome by way of interest from infrastructure debt fund0505
194LBAIncome from units of business trust
– interest received or receivable from a special purpose vehicle; or1057.55
– dividend referred to in sub-section (7) of section 115-O10107.510
194LBADistribution of rental income to unit holders
– Other than Company10307.530
– Company10407.540
194LBBIncome in respect of units of investment fund
– Other than Company10307.530
– Company10407.540
194LBCIncome in respect of investment in securitization fund
                     – Individual/HUF253018.7530
                     – Company304022.540
                     – Other Person303022.530
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 India0505
194LCIncome by way of interest by an Indian specified company on rupee denominated bond / any long-term bonds from outside India, which is listed only on a recognized stock exchange located in any International Financial Services Centre0404
194LDInterest on certain bonds from Govt. securities0505
194MCertain payments by Individual/HUF50 lakh503.750
194NPayment of certain amount in cash1 Crore2222
194NPayment of certain amount in cash (first proviso of section 194N- assessee has not
furnished return for
last 3 assessment years
) if-
20 Lakh
–  Amount is more than Rs.20 lakh but up to Rs. 1 crore2222
–  Amount exceeds Rs. 1 crore5555
194-OApplicable for e-commerce operator for the sale of goods or provision of services facilitated by it through its digital or electronic facility or platform (w.e.f. 01.04.2020)100.750
195Income of Investment made by an NRI020020
195Long-term capital gain
– Under Section – 115E/112(1)(c)(iii)/112A010010
– Any Other Gains020020
195Short-term capital gain – 111A015015
195Fees for technical services010010
195Interest income payable by Govt./Indian concern (other than section 194LB or 194LC)020020
195Any Other Income – Other than Company030030
– Company040040
196AIncome in respect –020020
– of units of a Mutual Fund specified under clause (23D) of section 10; or
– from the specified company referred to in the Explanation to clause (35) of section 10
196BIncome from units to an offshore fund010010
196CIncome from foreign currency bonds or GDR of an Indian company010010
196DIncome of foreign Institutional Investors from securities (not being interest referred to in section 194LD, not being dividend referred in section 115-O, not being capital gain from transfer of securities referred in section 115AD)0200

About Author is a trusted financial blog with over 23 years of expertise, dedicated to offering invaluable insights and resources to tax professionals, taxpayers, and the general public in managing their day-to-day financial activities. We embrace guest authors, enriching our platform with diverse perspectives and expertise in relevant subjects.

Leave A Reply