(/?

ref=navbar_static) Products

Switch to Cloud with ClearTDS!

1. Generates error-free FVU les
2. Safe and secure, 128-bit SSL

Explore Now (https://cleartax.in/tds?ref=content-tds-top-cta)

Home (/) / Start & Manage a Business (/business) / TDS (/tds) / TDS Rate Chart for FY 2020-21

TDS Rate Chart for FY 2020-21

Updated on Sep 29, 2020 - 11:35:06 AM

Read about the Union Budget 2020 highlights here (https://cleartax.in/s/budget-2020-highlights).

TDS stands for Tax Deducted at Source (https://cleartax.in/s/what-is-tax-deducted-at-source-tds). The following

tables list the various TDS rates applicable to resident and non-resident Indians as well as domestic and
international companies in India. Any person paying income is responsible to deduct tax at source and needs to
deposit this tax within the time stipulated.

COVID 19 and TDS Rates

The government has provided relief in the TDS rates for the period 14.05.2020 to 31.03.2021, due to the pandemic
and resultant lockdown affecting all sectors of the economy. The relief is limited to the TDS rates only and not for
the rates where tax needs to be deducted or collected at a higher rate.

The benefit of revision applies to only Resident Indians. Hence, Non residents cannot claim benefits of the same.

This article covers the following:

TDS Rates Applicable for Resident of India

TDS Rates Applicable for Non-Resident of India (NRIs)
TDS Rates Applicable for a Domestic Company
TDS Rates Applicable for a company other than Domestic Company
 TDS rates FY 2020-21 | New TDS Rate Chart | Threshold Limit | R…
R…

TDS Rates Applicable for Resident of India

Particulars TDS Rate (%) TDS Rates from TDS Rates from
01.04.2020 to 13.05.2020 14.05.2020 to 31.

Section 192: Payment of Normal Slab Rate Normal Slab Rate Normal Slab Rate
salary (https://cleartax.in/s/income- (https://cleartax.in/s/income- (https://cleartax.in
tax-slabs) tax-slabs) tax-slabs)
Section 192A: Premature
withdrawal from EPF 10 10 10
Section 193: Interest on 10 10 7.5
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 thereunder; c) any
security of the Central or State
Government; d) interest on
any other security

Section 194: Dividend other 10 10 7.5

than the dividend as referred
to in Section 115-O
Section 194A 10 10 7.5
(https://cleartax.in/s/section-
194a-tds-on-interest-other-
than-interest-on-securities):
Income by way of interest
other than “Interest on
securities”

w.e.f 1st April 2018, interest

up to Rs. 50,000 earned by
senior citizens on:

– deposit with banks

– deposit with post offices

– fixed deposits schemes

– recurring deposit schemes

will be exempt from TDS

w.e.f 1st April 2019, TDS on

the interest income from post
offices and bank deposits
have increased up to Rs.
40,000 from the present limit
of Rs. 10,000.

Section 194B: Income by way 30 30 30

of winnings from lotteries,
crossword puzzles, card
games and other games of
any sort

Section 194BB: Income by 30 30 30

way of winnings from horse
races

Section 194C
1 0.75
(https://cleartax.in/s/section-
1
194c-tds-on-contractor): 2 1.5
Payment to contractor/sub- 2
contractors.

a) HUF/Individuals

b) Others
Section 194D: Insurance 5 5 3.75
commission
( w.e.f 01.06.2016) (10%
from 01.04.2015 to
31.05.2016

Section 194DA: Payment in 5 5 3.75

respect of a life insurance
(w.e.f 01.09.2015)
policy
1

( w.e.f 01.06.2016)

(2% from 01.04.2015 to

31.05.2016)

Section 194EE: Payment in 10 10 7.5

respect of deposit under
(w.e.f 01.06.2016)
National Savings scheme
(20% from 01.04.2015 to
31.05.2016)

Section 194F: Payment on 20 20 15

account of repurchase of a
unit by Mutual Fund or Unit
Trust of India

Section 194G: Commission, 5 5 3.75

etc., on the sale of lottery
(w.e.f 01.06.2016)
tickets
(10 % from 01.04.2015 to
31.05.2016)

Section 194H 5 5 3.75

(https://cleartax.in/s/section-
194h-tds-on-commission-
brokerage): Commission or
brokerage
(w.e.f 01.06.2016)
(10 % from 01.04.2015 to
31.05.2016)
Section 194-I (a) 2 2 1.5
(https://cleartax.in/s/section-
(b) 10 10 7.5
194i-tds-on-rent): Rent on a)
Plant & Machinery

b) Land or building or furniture

or fitting

W.e.f 1st April 2019, TDS limit

for deduction of tax on rent is
increased to Rs. 2,40,000 p.a
from Rs.1,80,000 p.a.

Section 194-IA: Payment on 1 1 0.75

transfer of certain immovable
5 3.75
property other than
agricultural land 5 10 7.5

Section 194 – IB: Rent (w.e.f from 01.06.2017)

payable by an individual or
(If payment of Rent exceeds
HUF not covered u/s. 194I
Rs. 50,000/- per month. )
(w.e.f from 01.06.2017)
10
Section 194 – IC: Payment
under Joint Development
Agreements to Individual/HUF

(w.e.f. 01.04.2017)

Section 194J: Any sum paid 10 10 7.5

by way of: a. Fee for
2 2 1.5
professional services (b)
Remuneration/fee/commission
to a director ore) (c) For not
carrying out any activity in
relation to any business. (d)
For not sharing any know-
how, patent, copyright etc.

(e) Fee for technical services

and (f) Royalty towards the
sale or distribution or
exhibition of cinematographic
films.
Section 194 K:Payment of 10 10 7.5
any income in respect of

(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)

Section 194LA: Payment of 10 10 7.5

compensation on acquisition
of certain immovable property

Section 194LBA: Certain 10 10 7.5

income distributed by a
business trust to its unit holder

Section 194LBB: Certain 10 10 7.5

income paid by an investment
fund to its investors

Section 194 LBC:Income in

25 25 18.75
respect of investment in
securitization fund 30 30 22.5

1. Individual and HUF

2. Others

Section 194M: Certain 5 5 3.75

payments by Individual/HUF
(Limit – 50 Lakhs)

Section 194N:Payment of 2 2 2
certain amount in cash (Limit
1 Crore)
Section 194N:Payment of – 2 2
certain amount in cash (first
5 5
proviso of section 194N)if-

– The amount is more than

Rs.20 lakh but up to Rs. 1
crore

– The amount exceeds Rs. 1

crore (Applicable from
01.07.2020)

Section 194O:Applicable for 1 – 0.75

e-commerce operator for the
sale of goods or provision of
services facilitated by it
through its digital or electronic
facility or platform (Applicable
from 01.10.2020)

Any Other Income 10 10 10

TDS Rates Applicable for Non-Resident of India

(NRIs)
Particulars TDS TDS Rates TDS Rates
Rate from from
(%) 01.04.2020 14.05.2020
to to
13.05.2020 31.03.2021

Section 192: Payment of Salary Normal Normal Normal

Slab Slab Rate Slab Rate
Section 192A: Premature withdrawal from EPF
Rate
10 10
10

Section 194B: Income by way of winnings from lotteries, crossword 30 30 30

puzzles, card games and other games of any sort

Section 194BB: Income by way of winnings from horse races 30 30 30

Section 194E: Payment to non-resident sportsmen/sports association 20 20 20

Section 194EE: Payment in respect of deposits under National Savings 10 10 10
Scheme

Section 194F: Payment on account of repurchase of a unit by Mutual 20 20 20

Fund or Unit Trust of India

Section 194G: Commission, etc., on sale of lottery tickets 5 5 5

Section 194LB: Payment of interest on infrastructure debt fund 5 5 5

Section 194LBA: Income from units of business trust 5

5 5
– interest received or receivable from a special purpose vehicle; or 10
10 10
– dividend referred to in sub-section (7) of section 115-O

Section 194LBC: Income in respect of investment in securitization fund 30 30 30

Section 194LC: Payment of interest by an Indian Company or a 5 5 5

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)

Section 194LD: Payment of interest on rupee denominated bond of an 5 5 5

Indian Company or Government securities to a Foreign Institutional
Investor or a Qualified Foreign Investor

Section 194N: Payment of a certain amount in cash (Limit 1 Crore) 2 2 2

Section 194N: Payment of certain amount in cash (first proviso of – 2 2

section 194N)if-
5 5
– The amount is more than Rs.20 lakh but up to Rs. 1 crore

– The amount exceeds Rs. 1 crore (Applicable from 01.07.2020)

Section 195: Payment of any other sum to a Non-resident

a) Income in respect of investment made by a Non-resident Indian 20 20 20

Citizen

b) Income by way of long-term capital gains referred to in Section 115E 10 10 10

in case of a Non-resident Indian Citizen
c) Income by way of long-term capital gains referred to in sub-clause (iii) 10 10 10
of clause (c) of sub-section (1) of Section 193

d) Income by way of short-term capital gains referred to in Section 111A 15 15 15

e) Any other income by way of long-term capital gains [not being long- 20 20 20
term capital gains referred to in clauses (33), (36) and (38) of Section
10]

f) Income by way of interest payable by Government or an Indian 20 20 20

concern on money borrowed or debt incurred by Government or the
Indian concern in foreign currency (not being income by way of interest
referred to in Section 194LB or Section 194LC

g) Income by way of royalty payable by Government or an Indian 10 10 10

concern in pursuance of an agreement made by it with the Government
or the Indian concern where such royalty is in consideration for the
transfer of all or any rights (including the granting of a licence) in respect
of a copyright in any book on a subject referred to in the first proviso to
sub-section (1A) of Section 115A of the Income-tax Act, to the Indian
concern, or in respect of any computer software referred to in the second
proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a
person resident in India

h) Income by way of royalty [not being royalty of nature referred to in 10 10 10

sub-item (b)(i)(F)] payable by Government or an Indian concern in
pursuance of an agreement made by it with the Government or the
Indian concern and where such agreement is with an Indian concern, the
agreement is approved by the Central Government or where it relates to
a matter included in the industrial policy, for the time being in force, of the
Government of India, the agreement is in accordance with that policy

i) Income by way of fees for technical services payable by Government 10 10 10

or an Indian concern in pursuance of an agreement made by it with the
Government or the Indian concern and where such agreement is with an
Indian concern, the agreement is approved by the Central Government
or where it relates to a matter included in the industrial policy, for the time
being in force, of the Government of India, the agreement is in
accordance with that policy

j) Any other income 30 30 30

Section 196A: Income in respect – of units of a Mutual Fund specified 20 20 20
under clause (23D) of section 10; or

-from the specified company referred to in the Explanation to clause (35)

of section 10

Section 196B: Income from units (including long-term capital gain on 10 10 10

transfer of such units) to an offshore fund

Section 196C: Income from foreign currency bonds or GDR of an Indian 10 10 10

company (including long-term capital gain on transfer of such bonds or
GDR)

Section 196D: Income of Foreign Institutional Investors from securities 20 20 20

(not being a dividend or capital gain arising from such securities)

TDS Rates Applicable for a Domestic Company

Particulars TDS Rate (%) TDS Rates TDS Rates
from from
01.04.2020 14.05.2020
to to
13.05.2020 31.03.2021

Section 193: Interest on securities 10 10 7.5

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

Section 194: Dividend 10 10 7,5

Section 194A: Income by way of interest other than “Interest on 10 10 7.5

securities”
Section 194B: Income by way of winnings from lotteries, 30 30 30
crossword puzzles, card games and other games of any sort

Section 194BB: Income by way of winnings from horse races 30 30 30

Section 194C: Payment to contractor/sub-contractor 1 1 0.75

a) HUF/Individuals 2 2 1.5

b) Others

Section 194D: Insurance commission 10 10 10

Section 194DA: Payment in respect of the life insurance policy 5 5 3.75

(w.e.f
01.09.2015)

( w.e.f
01.06.2016)

(2% from
01.04.2015 to
31.05.2016)

Section 194EE: Payment in respect of deposit under National 10 10 7.5

Savings scheme
(w.e.f
01.06.2016)

(20% from
01.04.2015 to
31.05.2016)

Section 194F: Payment on account of repurchase of unit by 20 20 15

Mutual Fund or Unit Trust of India

Section 194G: Commission, etc., on sale of lottery tickets 5 5 3.75

(w.e.f
01.06.2016)

(10 % from
01.04.2015 to
31.05.2016)
Section 194H: Commission or brokerage 5 5 3.75

(w.e.f
01.06.2016)

(10 % from
01.04.2015 to
31.05.2016)

Section 194-I: Rent 2 2 1.5

a) Plant & Machinery 10 10 7.5

b) Land or building or furniture or fitting

Section 194-IA: Payment on transfer of certain immovable 1 1 0.75

property other than agricultural land
5 5 3.75
Section 194 – IB: Rent payable by an individual or HUF not
(w.e.f from 10 7.5
covered u/s. 194I (w.e.f from 01.06.2017)
01.06.2017)
Section 194 – IC: Payment under Joint Development
(If payment of
Agreements to Individual/HUF
Rent exceeds
(w.e.f. 01.04.2017) Rs. 50,000/-
per month. )

10

Section 194J: Any sum paid by way of 10 10 7.5

a) Fee for professional services (b) 2 2 1.5

Remuneration/fee/commission to a director (c) For not carrying
out any activity in relation to any business (d) For not sharing any
know-how, patent, copyright etc.

e) Fee for technical services and (f) Royalty towards the sale or
distribution or exhibition of cinematographic films.

Section 194LA: Payment of Compensation on the acquisition of 10 10 7.5

certain immovable property

Section 194LBA: Certain income distributed by a business trust 10 10 7.5

to its unit holder

Any Other Income 10 10 7.5

TDS Rates Applicable for a company other than
Domestic Company
Particulars TDS TDS Rates TDS Rates
Rate from from
(%) 01.04.2020 14.05.2020
to to
13.05.2020 31.03.2021

Section 194B: Income by way of winnings from lotteries, crossword 30 30 30

puzzles, card games and other games of any sort

Section 194BB: Income by way of winnings from horse races 30 30 30

Section 194E: Payment to the non-resident sports association 20 20 20

Section 194G: Commission, etc., on the sale of lottery tickets 5 5 5

Section 194LB: Payment of interest on infrastructure debt fund 5 5 5

Section 194LBA: Certain income distributed by a business trust to its unit 5 5 5

holder

Section 194LBC: Income in respect of securitization of funds 40 40 40

Section 194LC: Payment of interest by an Indian Company or a business 5 5 5

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)

Section 194LD: Payment of interest on rupee denominated bond of an 5 5 5

Indian Company or Government securities to a Foreign Institutional
Investor or a Qualified Foreign Investor

Section 195: Payment of any other sum) Income by way of long-term 10 10 10

capital gains referred to in sub-clause (iii) of clause (c) of sub-section (1) of
Section 112

b) Income by way of short-term capital gains referred to in Section 111A 15 15 15

c) Any other income by way of long-term capital gains [not being long-term 20 20 20
capital gains referred to in clauses (33), (36) and (38) of Section 10]
d) Income by way of interest payable by Government or an Indian concern 20 20 20
on money borrowed or debt incurred by Government or the Indian concern
in foreign currency (not being income by way of interest referred to in
Section 194LB or Section 194LC)

e) Income by way of royalty payable by Government or an Indian concern 10 10 10

in pursuance of an agreement made by it with the Government or the
Indian concern and where such royalty is in consideration for the transfer of
all or any rights (including the granting of a license) in respect of copyright
in any book on a subject referred to in the first proviso to sub-section (1A)
of Section 115A of the Income Tax Act, to the Indian concern or in respect
of any computer software referred to in the second proviso to sub-section
(1A) of Section 115A of the Income Tax Act, to a person resident in India

f) Income by way of royalty [not being royalty of nature referred to in sub- 10 10 10

item (b)(iv)] payable by Government or an Indian concern in pursuance of
an agreement made by it with the Government or the Indian concern and
where such agreement is with an Indian concern, the agreement is
approved by the Central Government or where it relates to a matter
included in the industrial policy, for the time being in force, of the
Government of India, the agreement is in accordance with that policy—

A. where the agreement is made after the 31st day of March 1961 but 50 50 50
before the 1st day of April 1976.

where the agreement is made after the 31st day of March 1976
10 10 10

g) Income by way of fees for technical services payable by Government or

an Indian concern in pursuance of an agreement made by it with the
Government or the Indian concern and where such agreement is with an
Indian concern, the agreement is approved by the Central Government or
where it relates to a matter included in the industrial policy, for the time
being in force, of the Government of India, the agreement is in accordance
with that policy—

A. where the agreement is made after the 29th day of February 1964 but 50 50 50
before the 1st day of April, 1976B.

where the agreement is made after the 31st day of March 1976
10 10 10
Any other income
40 40 40

Section 196B: Income from units (including long-term capital gain on 10 10 10

transfer of such units) to an offshore fund
Section 196C: Income from foreign currency bonds or GDR of an Indian 10 10 10
company (including long-term capital gain on transfer of such bonds or
GDR)

Section 196D: Income of foreign Institutional Investors from securities (not 20 20 20

being dividend or capital gain arising from such securities)

Click here to read guides about TaxCloud’s Income Tax Return software (https://taxcloudindia.com/Guide)

ClearTDS is so simple that you don’t even need to read these

guides!
Start TDS Return (https://cleartds.com/deductors)

Related Guides
How to file TDS for the first time using ClearTDS (https://cleartax.in/tds/guides/how-to-file-tds-first-time)
How to Prepare TDS Return on TaxCloud’s ClearTDS (https://taxcloudindia.com/guide/using-taxcloud-e-tds-
software)
How to generate Form 16 (part B) from TDS return? (https://cleartax.in/tds/guides/how-to-generate-form-16-
part-b)
What happens if I do not file my TDS returns on time? (https://cleartax.in/tds/guides/how-to-file-tds-first-time)
How to import data from Excel (https://taxcloudindia.com/guide/how-to-upload-excel-tds)
How to download your CSI File (https://taxcloudindia.com/guide/HowToDownloadYourCSIFile)
How to create a Nil Challan (https://cleartax.in/tds/guides/creating-nil-challan)
How to file TDS on the Sale of Property (https://cleartax.in/tds/guides/how-to-file-tds-sale-of-property)
How to validate Certificate U/S 197 from Assessing Officer (https://cleartax.in/tds/guides/how-to-validate-
197-certificate)
How do I correct form details after filing? (https://cleartax.in/tds/guides/how-to-correct-form-details-after-
filing)

Tweet