TDS Rates Chart for FY 2019-20 | AY 2020-21 / Tds Rate Chart 2019-20

TDS Rates Chart for FY 2019-20 | AY 2020-21 / Tds Rate Chart 2019-20

TDS Rates Chart for FY 2019-20 | AY 2020-21 / Tds Rate Chart 2019-20: TDS Rate Chart for FY 2019-20|TDS Rate Chart for AY 2020-21 TDS Rates

authorCA Deepak GuptadateApr 25, 2019
Last update on Apr 25, 2019

Table of Contents

TDS Rates Chart for FY 2019-20 | AY 2020-21 / Tds Rate Chart 2019-20:

TDS Rate Chart for FY 2019-20|TDS Rate Chart for AY 2020-21

TDS Rates Chart for FY 2019-20| AY 2020-21: TDS Rates Chart for Financial Year 2019-20 | Assessment Year 2020-21 vide Finance Act 2019. Due Dates for E-Filing of TDS/TCS Return FY 2019-20 | AY 2020-21. Below is updated TDS rate chart considering the amendments made by Finance Act, 2019.

Tax Deducted at Source (TDS) Rate Chart| Slab for Financial Year (FY) 2019-20 | Assessment Year (AY) 2020-21

Buy E-TDS Returns Sotware for F.Y. 2018-19 @ Discounted Prices

TDS RATE CHART
TDS Rates Chart for FY 2019-20 | AY 2020-21 / Tds Rate Chart 2019-20
Sl. No. Nature of Payment Section Basic Cut-off (Rs.) p.a. TDS rate for
Individual and HUF Other than Individual/ HUF If PAN is not submitted/ Invalid PAN
1 Payment of Salaries by Employers 192 Slab rate Slab rate Not applicable 30%
2 Premature payment by PF Organization from EPF A/c (i.e. before 5 Years). 192A 50,000.00 10% Not applicable 20%
3 Payment of Interest on Securities by company. 193 10,000.00 10% 10% 20%
4 Payment of Dividend other than dividend as referred to Section 115O by company (i.e. Dividend on which Dividend Distribution Tax is not paid) 194 2,500.00 10% 10% 20%
5 Payment of Interest by bank 194A 40000 (Non Sr. Citizen) 10% 10% 20%
50000 (Sr. Citizen)
6 Payment of Interest by others 194A 5,000.00 10% 10% 20%
7 Payment of prize from Wining from Lotteries by any person. 194B 10,000.00 30% 30% 30%
8 Payment of prize from Wining from Horse Race by any person. 194B 10,000.00 30% 30% 30%
9 Payment to Contractors by any person. 194C 30000 (Single bill) or 1 Lakh aggregate bills during the year. 1% 2% 20%
10 Payment to Transporter Covered u/s. 44E and submit declaration in prescribed format. (i.e. owning less than 10 goods carriages) 194C - 0 0 20%
11 Payment to Transporter not covered u/s. 44E (i.e. owning more than 10 goods carriages) 194C 30000 (Single bill ) or 75,000.00 aggregate bills during the year. 1% 2% 20%
12 Payment of Insurance Commission to agents by Insurance Company. 194D 15,000.00 5% 10% 20%
13 Payment in respect of maturity of Life Insurance Policy by Life Insurance Company. 194DA 1 Lakh 1% 1% 20%
14 Payment to NRI sportsman or association by any person or organization 194E - 20% 20% 20%
15 Payment out of deposit under National Saving Scheme (NSS) 194EE 2,500.00 10% 10% 20%
16 Payment with respect to repurchase of units by Mutual Fund Companies. 194F - 20% 20% 20%
17 Payment of Lottery Commission 194G 15,000.00 5% 5% 20%
18 Payment of commission or Brokerage 194H 15,000.00 5% 5% 20%
19 Payment of rent on land, building, furniture and fittings. 194I 2,40,000.00 10% 10% 20%
20 Payment of rent on plant, machinery or equipments. 194I 2,40,000.00 2% 2% 20%
21 Payment made on account of transfer of immovable property other than agriculture land. 194IA 50 Lakh 1% 1% 20%
22 Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings 194IB 50,000.00 PM 5% 5% 20%
23 Payment of Professional Fees other than call centers 194J 30,000.00 10% 10% 20%
24 Payment of Professional Fees to call centers. 194J 30,000.00 2% 2% 20%
25 Compensation on transfer of certain immoveable property than Agriculture Land 194LA 2,50,000.00 10% 10% 20%
You May Also Like : Deductions under section 80C to 80 U of Income Tax Act 1961 AY 2019-20 | FY 2018-19

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.
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