TDS RATE CHART FOR THE FY 2019•2020 (AY: 2020•2021)

Sl. No. Nature of Payment Section

Basic Cut-off

(Rs.) p.a.

TDS rate for
Individualand HUF Other than Individual / HUF

If PAN is not submitted / Invalid PAN

1 Payment of Salaries by Employers 192 Slab rate Slab rate Not applicable 30%
2 Premature payment by PFOrganization from EPF A/c(i.e. before 5 Years). 192A 50,000.00 10% Not applicable 20%
3 Payment of Interest on Securities by company. 193 10,000.00 10% 10% 20%
4 Payment of Dividend otherthan dividend as referredto Section 115O by company (i.e. Dividend on which Dividend Distribution Tax is not paid) 194 2,500.00 10% 10% 20%
5 Payment of Interest  by bank 194A 40,000.00 (Non Sr.Citizen) 50,000.00 (Sr. Citizen) 10% 10% 20%
6 Payment of Interest  by others 194A 5,000.00 10% 10% 20%
7 Payment of prize from Wining from Lotteries by anyperson. 194B 10,000.00 30% 30% 30%
8 Payment of prize from Wining from Horse Race by anyperson. 194B 10,000.00 30% 30% 30%
9 Payment to Contractors by any person. 194C 30,000.00 (Single bill) or 1 Lakhaggregate bills during the year. 1% 2% 20%
10 Payment to Transporter Covered u/s. 44E and submit declaration in prescribed format. (i.e. owning less than 10 goods carriages) 194C . 0 0 20%
11 Payment to Transporter notcovered u/s. 44E   (i.e. owning more than 10 goods carriages) 194C 30,000.00 (Single bill ) or 75,000.00 aggregate bills during the year. 1% 2% 20%
12 Payment of Insurance Commission to agents by Insurance Company. 194D 15,000.00 5% 10% 20%
13 Payment in respect of maturity of Life Insurance Policy by Life Insurance Company. 194DA 1 Lakh 1% 1% 20%
14 Payment to NRI sportsmanor association by anyperson or organization 194E 20% 20% 20%
15 Payment out of depositunder National SavingScheme (NSS) 194EE 2,500.00 10% 10% 20%
16 Payment with respectto repurchase of units by Mutual Fund Companies. 194F 20% 20% 20%
17 Payment of Lottery Commission 194G 15,000.00 5% 5% 20%
18 Payment of commission or Brokerage 194H 15,000.00 5% 5% 20%
19 Payment of rent on land, building, furniture and fittings. 194I 240,000.00 10% 10% 20%
20 Payment of rent on plant, machinery or equipments. 194I 240,000.00 2% 2% 20%
21 Payment made on account of transfer ofimmovable property other than agricultureland. 194IA 50 Lakh 1% 1% 20%
22 Rent payable byindividual not covered u/s. 194I forland, building, furniture and fittings 194IB 50,000.00 PM 5% 5% 20%
23 Payment of Professional Fees other than call centers 194J 30,000.00 10% 10% 20%
24 Payment of Professional Fees to call centers. 194J 30,000.00 2% 2% 20%
25 Compensation on transfer of certain immoveableproperty than Agriculture Land 194LA 250,000.00 10% 10% 20%