Section Nature of payment Threshold Limit Till 13/05/2020 From 14/05/2020 Resident Non-resident* Resident Non-resident* Rs. TDS Rate (%) TDS Rate (%) TDS Rate (%) TDS Rate (%) 192 Salaries – Normal slab rate Normal slab rate Normal slab rate Normal slab rate 192A Premature withdrawal from EPF 50000 10 10 10 10 193 Interest on securities – 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year 10000 10 0 7.5 0 193 Interest on securities – Interest on securities for money issued by or on behalf of any local authority/ statutory corporation, listed debentures of a company (other than demat form), any other interest on securities Rs. 5000 in case of Individual 10 – 7.5 – 194 Dividends 5000 10 – 7.5 – 194A Interest (Banking co., co-operative society engaged in banking, post office) 50000 10 – 7.5 – 194A Interest (Any other person) 5000 10 – 7.5 – 194B Winning from lotteries 10000 30 30 30 30 194BB Winning from Horse race 10000 30 30 30 30 194C Contractor-Single transaction-Individual/HUF 30000 1 – 0.75 – -Others 2 0- 1.5 – 194C Contractor – Consolidated Payment During the F.Y. 100000 – Individual/HUF 1 – 0.75 0- – Others 2 – 1.5 – 194C Transporter (44AE) declaration with PAN – 0 0 0 0 194D Insurance commission – Other than Company 15000 5 0 3.75 0 – Company 10 0 7.5 0 194DA Maturity of Life insurance policy 100000 5 0 3.75 0 194E Non-resident sportsmen or sports association – NA 20 NA 20 194EE NSS 2500 10 10 7.5 10 194F Repurchase units by MFs – 20 20 15 20 194G Commission-Lottery 15000 5 5 3.75 5 194H Commission /Brokerage 15000 5 0 3.75 0 194I Rent of – Plant/Machinery/Equipment 240000 2 0 1.5 – – Land and Building/Furniture & Fixture 10 0 7.5 – 194IA Transfer of certain immovable property other than agriculture land 50 lakh 1 0 0.75 – 194IB Rent by Individual/HUF 50000 per month 5 0 3.75 – 194IC Payment under Joint Development Agreements to Individual/HUF – 10 0 7.50 0 194J Professional Fees 30000 10 0 7.5 0 194J Technical Fees (w.e.f. 01.04.2020) 30000 2 0 1.5 0 194J Payment to call centre operator (w.e.f. 01.06.2017) 30000 2 0 1.5 0 194J Director’s fees NIL 10 0 7.5 0 194K Payment of any income in respect of 5000 10 0 7.5 0 (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) 194LA Compensation on transfer of certain immovable property other than agriculture land 250000 10 0 7.5 0 (TDS exempted if covered under RFCTLARR Act w.e.f. 01.04.2017) 194LB Income by way of interest from infrastructure debt fund – 0 5 0 5 194LBA Income from units of business trust – interest received or receivable from a special purpose vehicle; or – 10 5 7.5 5 – dividend referred to in sub-section (7) of section 115-O 10 10 7.5 10 194LBA Distribution of rental income to unit holders – – Other than Company 10 30 7.5 30 – Company 10 40 7.5 40 194LBB Income in respect of units of investment fund – – Other than Company 10 30 7.5 30 – Company 10 40 7.5 40 194LBC Income in respect of investment in securitization fund – – Individual/HUF 25 30 18.75 30 – Company 30 40 22.5 40 – Other Person 30 30 22.5 30 194LC Income by way of interest by an Indian specified company to a non-resident/foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India – 0 5 0 5 194LC Income by way of interest by an Indian specified company on rupee denominated bond / any long-term bonds from outside India, which is listed only on a recognized stock exchange located in any International Financial Services Centre – 0 4 0 4 194LD Interest on certain bonds from Govt. securities – 0 5 0 5 194M Certain payments by Individual/HUF 50 lakh 5 0 3.75 0 194N Payment of certain amount in cash 1 Crore 2 2 2 2 194N Payment of certain amount in cash (first proviso of section 194N- assessee has not
furnished return for
last 3 assessment years
) if-20 Lakh – Amount is more than Rs.20 lakh but up to Rs. 1 crore 2 2 2 2 – Amount exceeds Rs. 1 crore 5 5 5 5 194-O Applicable for e-commerce operator for the sale of goods or provision of services facilitated by it through its digital or electronic facility or platform (w.e.f. 01.04.2020) – 1 0 0.75 0 195 Income of Investment made by an NRI – 0 20 0 20 195 Long-term capital gain – – Under Section – 115E/112(1)(c)(iii)/112A 0 10 0 10 – Any Other Gains 0 20 0 20 195 Short-term capital gain – 111A – 0 15 0 15 195 Royalty – 0 10 0 10 195 Fees for technical services – 0 10 0 10 195 Interest income payable by Govt./Indian concern (other than section 194LB or 194LC) – 0 20 0 20 195 Any Other Income – Other than Company – 0 30 0 30 – Company 0 40 0 40 196A Income in respect – – 0 20 0 20 – of units of a Mutual Fund specified under clause (23D) of section 10; or – from the specified company referred to in the Explanation to clause (35) of section 10 196B Income from units to an offshore fund – 0 10 0 10 196C Income from foreign currency bonds or GDR of an Indian company – 0 10 0 10 196D Income of foreign Institutional Investors from securities (not being interest referred to in section 194LD, not being dividend referred in section 115-O, not being capital gain from transfer of securities referred in section 115AD) – 0 20 0
New TDS rate post Covid 19 for FY 2020-21
