TDS Rate Chart
Assessment Year : 2019-20  Financial Year : 2018-19

Nature of payment

Section

Rate for TDS**

Criteria for deduction (Payment in excess of )

Salary

192

As per the slab rates applicable to Assessee (30% if no valid 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 recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder;

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% (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. 194I (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

194IC

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