TDS rate chart FY 2019-20
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TDS rate chart for FY 2019-20 (Updated as per Budget 2019)

TDS rate chart applicable for FY 2019-20 on the various payments made to the Residents are given below for easy understanding.

SectionNature of PaymentThreshold LimitWhen TDS is to be deductedRate of TDS
192SalaryBasic exemption limitAt the time of paymentIncome tax slab rates
192APayment of accumulated sum from Employee Provident Fund (EPF)Rs. 50,000At the time of payment10%
193Interest on Securities/DebenturesRs. 5,000 – For interest on debentures paid through account payee cheque by Public company to a resident individual/HUF

Rs. 10,000 – For interest payable on any security of Central Govt or State Govt
At the time of credit or payment whichever is earlier10%
194Dividends (other than dividend u/s 115-O)Rs. 2,500 At the time of payment 10%
194AInterest (other than specified u/s 193) paid by banking company or co-operative society or post office

Interest – Others
Rs. 50,000 – if payee is senior citizen
Rs. 40,000 – Others


Rs. 5,000
At the time of credit or payment whichever is earlier10%
194BWinnings from lottery or crossword puzzle or card gamesRs. 10,000 At the time of payment 30%
194BBWinning from horse raceRs. 10,000 At the time of payment 30%
194CPayment to contractor or sub-contractor for carrying out any workRs. 30,000 – For single payment

Rs. 1,00,000 – For aggregate of transactions in a financial year
At the time of credit or payment whichever is earlier 1% – if payee is individual/HUF

2% – Others
194DInsurance commissionRs. 15,000 At the time of credit or payment whichever is earlier5%
194DAPayment in respect of LIC policy proceeds other than which are exempted u/s10(10D)Rs. 1,00,000 At the time of payment 5% on the income comprised therein – w.e.f. 1st September, 2019
194EEPayments in respect of deposits under NSSRs. 2,500 At the time of payment 10%
194FPayment on account of repurchase of units by Mutual Funds/Unit Trust of IndiaNA At the time of payment 20%
194GCommission on sale of lottery ticketsRs. 15,000 At the time of credit or payment whichever is earlier5%
194HCommission or brokerage (Other than insurance commission u/s 194D)Rs. 15,000 At the time of credit or payment whichever is earlier5%
194IRentRs. 2,40,000 At the time of credit or payment whichever is earlier 2% – Plant & Machinery; Equipment

10% – Land or Building (including factory building) or Furniture or Fittings
194IAPayment on transfer of immovable property (other than agricultural land)Rs. 50,00,000 At the time of credit or payment whichever is earlier 1%
194IBPayment of rent by individual or HUF who are not subject to tax audit Rs. 50,000 per month At the time of credit or payment whichever is earlier 5%
194ICPayment of monetary consideration under Joint Development Agreement u/s 45(5A) of the act At the time of credit or payment whichever is earlier 10%
194JFees for professional services (or) technical services (or) royalty (or) non-compete fees (or) fees/remuneration paid to director other than amount covered u/s 192Rs. 30,000 for each service separately At the time of credit or payment whichever is earlier 2% – If payee is engaged in the business of call center ONLY

10% – Others
194LAPayment of compensation on acquisition of any immovable property (other than agricultural land)Rs. 2,50,000 At the time of payment 10%
194LBACertain income from the units of a business trust to its unit holder NA At the time of credit or payment whichever is earlier10%
194LBBIncome in respect of the units of investment funds NA At the time of credit or payment whichever is earlier 10%
194LBCIncome in respect of the investment in securitization trustNA At the time of credit or payment whichever is earlier 25% – in case of individual/HUF;

30% – in any other case
194M(w.ef. 1st September 2019)
Individual or HUF (other than covered u/s 194C, 194H & 194J) paying commission or brokerage (or) fee for professional services for carrying out any work including supply of labour
Rs. 50,00,000 At the time of credit or payment whichever is earlier 5%
194N(w.ef. 1st September 2019)
Banking company or a co-operative society or post office paying any sum in cash in excess of Rs. 1 Crore to any person from an account maintained by the recipient
Rs. 1 crore At the time of payment 2%

Points to be noted while deducting TDS

  1. Threshold limits mentioned above implies the limit beyond which TDS is applicable. But while computing TDS, the entire amount shall be taken into consideration.
  2. No Health and Education cess & Surcharge is applicable for the payments mentioned above except for TDS on salary u/s 192.
  3. No TDS on GST amount shown separately in the invoice issued by the supplier.

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