TDS Rate Chart FY 2020-2021

Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)

Code Indv/HUF Others
192 Payment of salary As per income tax Normal Slab Rate -
slab
192A Payment of accumulated balance of Provident 50,000 p.a 10% -
fund which is taxable in the hands of an
employee.
193 Interest on Securities (Debentures, any security 10,000 p.a 10% 10%
of the Central or State Government and any
other security )
194 Dividend 5,000 p.a - 10%
194A An Income by way of interest other than 40,000 p.a 10% 10%
“Interest on securities”
194B Income by way of winnings from lotteries, 10,000 p.a 30% 30%
crossword puzzles, card games and other
games
194 BB Income by way of winnings from horse races 10,000 p.a 30% 30%
Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)
Code Indv/HUF Others
194C A Payment to contractor/sub-contractor 30,000 ( single bill) 1% 2%
(30,000 per contract or Rs 1,00,000 for aggregate /100,000 p.a
amount during the year)
194D Insurance commission 15,000 p.a 5% 10%
194DA A Payment in respect of LIC 100,000 p.a 5% 5%
194E Payment to non-resident sportsmen / sports - - 20.8%
association
194 EE A Payment in respect of deposit under 2,500 p.a 10% 10%
National Savings scheme
194F Payment on account of repurchase of unit by - 20% 20%
Mutual Fund or Unit Trust of India
194G Commission, etc., on sale of lottery tickets 15,000 p.a 5% 5%

194H Commission or brokerage 15000 p.a 5% 5%

194I Rent-Plant & Machinery 2,40,000 p.a 2% 2%
Rent- Land or building or furniture or fitting 2,40,000 p.a 10% 10%
Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)
Code Indv/HUF Others
194 IA Payment on transfer of certain immovable 50,00,000 p.a 1% 1%
property other than agricultural land
194 IB A Payment of rent by individual or HUF not 50,000 Per month 5% -
liable to tax audit
194 IC Payment of monetary consideration under - 10% 10%
Joint Development Agreements
194J A Payment for Professional fee- Fee for 30,000 p.a 2% 2%
technical services
A Payment for Professional fee- Fee in other all 30,000 p.a 10% 10%
cases ( like Professional fee , or royalty ) per
Section 194J
194K Payment of any income in respect of: - 10% 10%
a) Units of a Mutual Fund as per Section
10(23D)
b) The Units from the administrator
c) Units from specified compan
Section Nature Of Payment Threshold (in Rs. ) TDS Rate ( in %)
Code Indv/HUF Others
194 LA A Payment of compensation on acquisition of 2, 50,000 p.a 10% 10%
certain immovable property
194M Payment of commission (not being insurance - 5% 5%
commission), brokerage, contractual fee,
professional fee to a resident person by an
Individual or a HUF who are not liable to
deduct TDS under section 194C, 194H, or 194J.
194N Cash withdrawal in excess of Rs. 1 crore during Rs. 1 Crore 2% 2%
the previous year from one or more account
maintained by a person with a banking
company, co-operative society engaged in
business of banking or a post office
194 O Applicable for E-Commerce operator for sale of - 1% 1%
goods or provision of service facilitated by it
through its digital or electronic facility or
platform