TDS Rates Chart for FY 2018-19/AY 2019-20

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TDS Rates Chart for FY 2018-19/AY 2019-20

TDS Rates Chart for FY 2018-19/AY 2019-20

 

Generally, we received income in different ways , it can be your Salary, Dividend income from mutual funds or stocks, commission, rent, interest on your Bank Fixed Deposits / Securities etc.,

TDS or Tax deducted at source is a process of collecting Tax on Income at source by the GOI (Government of India). It is a deduction of tax from the original source of income.

It is essentially an indirect method of collecting tax which combines the concepts of “pay as you earn” and “collect as it is being earned.”There are certain threshold limit on the basis of which TDS is leviable.

Following is the revised chart of TDS for FY 17-18:

NATURE OF PAYMENT SECTION RATE OF TDS CRITERIA FOR DEDUCTION(PAYMENT IN EXCESS OF)
Salary 192 As per the slab rate applicable to assessee(30% if no PAN)
Payment of accumulated balance due to an employee under Employees Provident Fund Scheme,1952. (w.e.f 01-06-15) 192A 10% (30% if no valid PAN) when the amount of payment or accumulated  amount of payment exceeds

Rs. 30,000 and Rs. 50,000/- (from 01.06.2016)

Interest on securities

a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act;

b) any debentures issued by a company where such debentures are listed on a recognized stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made there under;

c) any security of the Central or State Government;

d) interest on any other security

193 10% (20% if no valid PAN) In case of security,at the time of payment  or credit , whichever is earlier,

when the amount exceeds Rs. 10,000/- In case of debentures ,at the time of payment  or credit ,

whichever is earlier, when the amount exceeds Rs. 5,000/-

Dividend other than the dividend as referred to in Section 115O 194 10% (20% if no valid PAN) Before making payment to’ shareholder, other than dividend declared U/s. 115O, when amount exceeds Rs. 2,500
Interest other than Interest on Securities 194A 10% (20% if no valid PAN) In case of banks (including co-operative banks),at the time of payment  or credit , whichever is earlier, when the amount exceeds Rs. 10,000/-p.a.

 

In case of others, at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 5,000/-p.a.

 

In case of senior citizen, at the time of payment or credit, whichever is earlier, when the amount exceeds Rs. 50,000/-p.a.{Applicable from 01.04.18}

 

Winning from Lotteries ,Crossword Puzzles, card games & other games  of any sort

194B 30% (30% if no valid PAN) Income of Rs. 10,000/- p.a.
Winnings from horse races 194BB (30% if no valid PAN) Income of Rs. 10,000/- p.a.
Payment to Contractors & sub contractors 194C For individuals /HUF 1% – (20% if no Valid PAN)

 

For Others- 2% – (20% if no Valid PAN)

At the time of credit or payment, whichever is earlier, when the amount of a particular contract exceeds Rs. 30,000/- or

 

the total amount of contract  exceeds Rs. 75,000/-p.a (Rs. 1,00,000 wef from 01.06.2016).

Insurance Commission 194D 5% (20% if no valid PAN) At the time of credit or payment, whichever is earlier when the amount exceeds Rs. 15,000/-

 

Payment under life insurance policy (including bonus) 194DA 1% (20% if no valid PAN) At the time of payment when the amount or the total amount exceeds Rs. 1 ,00,000/- p.a.
Payment to Non-Resident Sportsmen or Sports Association 194E 20% (20% if no valid PAN) At the time of credit or payment, whichever is earlier
Payment in respect of deposit under National Savings scheme (NSS) 194EE 10% (20% if no valid PAN) At the time of credit or payment, whichever is earlier when the amount exceeds Rs. 2,500/-
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India 194F 20% (20% if no valid PAN) At the time of credit or payment, whichever is earlier
Commission on sale of lottery tickets 194G 5% (20% if no valid PAN) 10% in case of company At the time of credit or payment, whichever is earlier when the amount exceeds Rs. 1,000/-
Payment of commission brokerage 194H 5%  Wef (01.06.2016) (20% if no valid PAN) Earlier 10% At the time of credit or payment whichever is earlier when the amount exceeds Rs. 5,000/-

[Rs. 15,000/-p.a. wef 01.06.2016)]
Rent – Plant & Machinery or Equipments 194I 2% (20% if no valid PAN) At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a
Rent – Land & Building 194I 10% (20% if no valid PAN) At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/-p.a.
Payment on transfer of certain immovable property other than agriculture land. 194IA 1% (20% if no valid PAN) At the time of credit or payment, whichever is earlier, when the land is situated in specified area when amount exceeds Rs. 50 lacs
Rent payable by an individual or HUF not covered u/s. (w.e.f. from 01.06.2017) 194IB Threshold limit Rs. 50,000/- per month.TDS to be deducted @ 5% Tax shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of tenancy if the property is vacated during the year, as the case may be, to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier.
Payment of Consideration (not being in kind) under Joint Development Agreement or other similar agreement 1 94IC Threshold limit Rs. Nil TDS to be deducted @ 10% At the time of credit or payment, whichever is earlier
Any sum paid by way of

a) professional fees

b) technical fees

c) royalty

d) remuneration/fees/commission to a director

e)For not carrying out any activity in relation to any business

f) For not sharing any know-how, patent, copyright etc. 194J For call center operator (only business) –  2% For others 10 % (20%if no valid PAN) Wef 01.06.2017 At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 30,000/- p.a.

Income in respect of Units 194K Omitted Wef 01.06.2016
Payment of Compensation on acquisition of Capital Asset 194L Omitted Wef 01.06.2016
Payment on transfer of certain immovable property other than agricultural land 194LA 10% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020. (20% if no valid PAN) At the time of credit or payment whichever is earlier if amount exceeds Rs. 2,50,000 p.a.
Payment of interest on infrastructure debt fund to non-resident or foreign company 194LB 5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020).  (20% if no valid PAN) At the time of credit or payment whichever is earlier
Certain income from units of a business trust(applicable from 01.10.2014 ) 194LBA For non resident – 5% For others – 10% (20% if no valid PAN) At the time of credit or payment, whichever is earlier
Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)] shall deduct tax therefrom (with effect from 01.06.2015) 194LBB 10% from 1-April-2016 to 31-May-2016 40% For Non Residents (1-Jun-2016 to 31-Mar-2017) 30 % For Non Residents (on or after 1-Jun-2016 ) (20% or Rate Applicable whichever is higher if no Valid PAN)  At the time of credit or payment, whichever is earlier
Income in respect of investment in securitisation trust. (From 01.06.2016) 194LBC For Indian Residents: Individual & HUFs –  25% Others – 30% For Non Indian Residents : Company – 40% Others – 30% At the time of credit or payment, whichever is earlier
Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond 194LC 5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020) (20% if no valid PAN) At the time of credit or payment, whichever is earlier
Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor 194LD 5% (Concessional rate of TDS is only available on interest payment for borrowings made before the 1st July, 2020) (20% if no valid PAN) At the time of credit or payment, whichever is earlier
TDS on Payment made to Non-Residents 195 As per rates prescribed under income tax or DTAA
Foreign company  unit holder of Mutual Fund 196A For company – 10 % For others  – 20% At the time of credit or payment, whichever is earlier.
Income from units (including long-term capital gain on transfer of such units) to an offshore fund 196B 10% (20% if no valid PAN) At the time of credit or payment, whichever is earlier
Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend) 196C 10% (20% if no valid PAN) At the time of credit or payment, whichever is earlier
Income of FIIs from securities 196D 20% (20% if no valid PAN) At the time of credit or payment, whichever is earlier

 

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