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TDS RATE CHART FY 2018-19 AY 2019-20 TDS DEPOSIT-RETURN DUE DATES-INTEREST-

PENALTY
4  Raj Kumari  Monday, May 14, 2018

Tax Deducted at Source (TDS) is a system introduced by Income Tax Department, where person responsible for making specified
payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before
making payment in full to the receiver of the payment. As the name suggests, the concept of TDS is to deduct tax at its source.

A significant part of Income tax collection comes through TDS ,so Tax machinery is monitoring the TDS collection minutely.

In view of above ,Deduction of Tax at correct rate is very important for deductor and minor mistake in deduction leads to penalty in
shape of Interest on late deposit and disallowance of Expenses. We have Compiled Tax deduction rates chart (TDS rate chart) for
Financial year 2018-19 Assessment year 2019-20 which may be useful for all the readers.

Kindly give suggestion/queries/errors/amendments in comment section or raniraj1950 at gmail.com , suitable prizes will
be given to persons who will point out error(s) or sent good suggestions about this post.Copy paste has been disabled .

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1. TDS RATE CHART FY 2018-19 AY 2019-20

TDS RATE CHART FY 2018-19 AY 2019-20

 Section Nature of Payment Cut off (Rs.) Indi/HUF Others
192  Salaries - Avg NA
rates
192A Premature withdrawal from 50000 10
EPF NA
193 Interest on securities 10000 10
194 Dividends 2500 10
Interest Banks/Other 10000/5000
194A 10
For Senior citizen(01.04.18) 50000
194B Winning from Lotteries 10000 30
194BB Winnings from Horse Race 10000 30
194C Contractor-Single/Yearly 30K/1LAKh 1 2
Transporter(44AE) As above - -
194C
Declaration with PAN   
194D Insurance Comm(15G-15H 15000 5%
allowed)
194DA  Life insurance policy 100000 1%
194EE  NSS 2500 10 NA
194G Commission /Lottery 15000 5
194H Commission / Brokerage 15000 5
194I  Rent Land  and  Building  180000 10
F&F
194IB Rent (by Indvl/HUF) 50000/Month 5% NA
(01.06.17)
194I  Rent- 180000 2
Plant/Machinery/equipment
194IA Immovable property 50 Lakh 1
194J Professional/technical Fees 30000 10
194J Payment to Call 30000 2
Center(01.06.17)
194LA  Immovable 2.5 LAKH 10
Property(compenation)
194LA  Immovable Property-TDS exempted under RFCTLARR
Act'(01.04.17)

TDS RATE CHART FY 2018-19 AY 2019-20

Sec Nature of Payment Cut off (Rs.) Indi/HUF Others
192  Salaries - Avg NA
rates
192A Premature withdrawal from 50000 10
EPF NA
193 Interest on securities 10000 10
194 Dividends 2500 10
Interest Banks/Other 10000/5000
194A For Senior 50000 10
citizen(01.04.18)
194B Winning from Lotteries 10000 30
194BB Winnings from Horse Race 10000 30
Contractor-Single/Yearly 30K/1LAKh 1 2
194C Transporter(44AE) Declaration with As above - -
PAN    
194D Insurance Comm (15G-15H 15000 5%
allowed)
194DA  Life insurance policy 100000 1%
194EE  NSS 2500 10 NA
194G Commission /Lottery 15000 5
194H Commission / Brokerage 15000 5
194I  Rent Land  and  Building  F&F 180000 10
194IB Rent (by Indvl/HUF) 50000/Month 5% NA
(01.06.17)
194I  Rent- 180000 2
Plant/Machinery/equipment
194IA Immovable property 50 Lakh 1
194J Professional/technical Fees 30000 10
194J Payment to Call 30000 2
Center(01.06.17)
194LA  Immovable 2.5 LAKH 10