|
TDS
New Page 1
TDS
/ TCS RATES FOR F.Y.2021-22
|
Section
|
Nature
of Payment
|
Threshold
Limit of Payment
|
Rates
|
|
192
|
Income
from Salary
|
|
Senior
Citizen (60 Years)
|
Rs.
3,00,000
|
|
Super
Senior Citizen (80 Years)
|
Rs.
5,00,000
|
|
Others
|
Rs.
2,50,000
|
|
Average
rate of Tax + Health & Education Cess (Surcharge if Salary
> 50 Lacs) Or,
Option
to choose between New and Old Tax Slab Regime for Salaried Employees
|
|
192A
|
Premature
Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS
at Maximum Mariginal Rate of 34.608%)
|
Rs.
50,000
|
10%
|
|
193
|
*
Interest on Securities
|
Rs.
10,000
|
10%
|
|
194
|
Dividend
|
Rs.
5,000
|
10%
(Tds
shall not be deducted on Dividend paid or credited to Business trust by
Special Purpose Vehicle or any other person as may be specified)
|
|
194A
|
Interest
from a Banking Company
|
Rs.
40,000 per annum for Others /Rs. 50,000 per annum for Senior citizen
|
10%
|
|
194A
|
Interest
other than from a Banking Company
|
Rs.
5,000 per annum
|
10%
|
|
194B
|
Winning
from Lotteries & Cross Word Puzzles
|
Rs.
10,000 per annum
|
30%
|
|
194BB
|
Winnings
from horse races
|
Rs.
10,000 per annum
|
30%
|
|
194C
|
Payment
to contractor/sub-contractor
|
Rs.30,000
Per Contract (or)
Rs. 1,00,000
per annum
|
|
Individual/HUF 1% |
|
Others 2% |
|
|
194D
|
Insurance
Commision
|
Rs.
15,000
|
|
Resident:5%
|
|
Domestic
Company:10%
|
|
|
194DA
|
Payment
under life insurance policy
|
Rs.1,00,000
per annum
|
|
|
194EE
|
Out
of deposit under NSS
|
Rs.2,500
|
10%
|
|
194F
|
Payment
on account of repurchase of units by Mutual Fund or Unit Trust of India
|
|
20%
|
|
194G
|
Commission
on Sale of Lottery Tickets
|
Rs.
15,000
|
5%
|
|
194H
|
**Commission/Brokerage
|
Rs.
15,000 per annum
|
5%
|
|
194-I(a)
|
**Rent
of Plant / Machinery
|
Rs.
2,40,000 per annum
|
2%
|
|
194-I(b)
|
**Rent
of Land
or building or furniture or fitting
|
Rs.
2,40,000 per annum
|
10%
|
|
194-IA
|
Payment
or transfer of immovable property
(other than rural agriculture land)
|
Rs.
50,00,000 & above
|
1%
|
|
194-IB
|
Rent
payable by an individual or HUF not
liable to tax audit
|
Rs.50,000
per month
|
5%
|
|
194-IC
|
Payment
of monetary consideration under Joint Development Agreements
|
|
10%
|
|
194J
|
Fees
for Professional / Technical Services / Royalty / Remuneration to
director
|
Rs.
30,000 per annum
|
|
2%
(For Call Centre & Fees for Technical Services &
Royalty)
|
|
10%
(For Others)
|
|
| 194K |
Income
in respect of units of Mutual funds or specified company |
|
10%
|
|
194LA
|
Compensation
on acquisition of immovable Property
|
Rs.
2,50,000
|
10%
|
|
194LBA(1)
|
Business
trust shall deduct tax while distributing, any interest received or
receivable by it from a SPV or any income received from renting or
leasing or letting out any real estate asset owned directly by it, to
its unit holders.
|
|
10%
|
|
194LBB
|
Payment
in respect of units of Investment funds u/s 115UB
[other than income which is
exempt under Section 10(23FBB)]
|
|
10%
|
|
194LBC(1)
|
Income
in respect of investment made in a securitisation trust
|
|
|
Individual
or HUF 25%
|
|
Other
30%
|
|
|
|
|
194M
|
TDS
on payment to resident contractors and professionals or by way of
commission / brokerage (other than those
who covered u/s 194C or 194J) by individual/HUF not liable for tax
audit.
|
Rs.
50 lacs
|
5%
|
|
194N
|
TDS
on cash withdrawal from Bank, Post office etc.
|
i)
in excess of Rs. 1 crore
|
2%
|
| 194N |
TDS
on cash withdrawal from Bank / Co-operative bank / Post office etc.
|
ii)
in excess of Rs. 20 lakhs* (* for those persons who have not filed
return of income (ITR) for three previous years immediately preceding
the previous year in which cash is withdrawn, and the due date for
filing ITR under section 139(1) has expired) |
| 2%
from the amount withdrawn in cash if the aggregate of the amount
of withdrawal exceeds Rs. 20 lakhs during the previous year |
| 5%
from the amount withdrawn in cash if the aggregate of the amount
of withdrawal exceeds Rs. 1 crore during the previous year |
|
| 194-O |
Tds
on E-commerce participants
|
5
Lakh |
1% |
| 194P |
TDS
on Senior Citizen above 75 Years |
NOTE-1 |
As
per Rates in force |
| 194Q |
Purchase
of goods (w.e.f 01.07.2021) |
50
Lakh |
0.10% |
|
*
Only for Debenture in which the public are substantially interested
|
|
**
Other than Individual or HUF except those covered u/s 44AB
|
| Note - |
| In case of non availibility of PAN :- TDS shall be at the
rate specified or rate of 20% whichever is higher |
| TDS
on Non-Filers of ITR under section 206AB (applicable w.e.f
01.07.2021) |
| In case of PAN |
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act;
or
2. Twice the rate or rates in force; or
3. At the rate of 5% |
| In case of non availability of
PAN |
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act;
or
2. Twice the rate or rates in force; or
3. At the rate of twenty percent |
NOTE-1
Following conditions needs to be satisfied-
1. The senior citizen is resident in India and of the age of 75 years or
more during the previous year;
2. He has only pension income and may also have interest income from the
same bank (specified bank – to be notified by the CG) in which he is
receiving his pension income;
3. He shall be required to furnish a declaration to the specified bank.
The declaration shall be containing such particulars, in such form and
verified in such manner, as may be prescribed.
4.Specified bank would be required to compute income after giving effect
to deductions allowable under Chapter VI-A and rebate under section 87A
and deduct Income Tax on the base of rates in force.
Once all done, there will
not be requirement of furnishing return of income for this assessment year |
|
Section
|
Nature
of Payment
|
Threshold
Limit of Payment
|
Rates
|
|
206C
(1)
|
Sale
of Scrap
|
|
1.00%
|
|
206C
(1)
|
Sale
of Tendu
Leaves
|
|
5.00%
|
|
206C
(1)
|
Sale
of Timber
obtained under a forest lease or other mode
|
|
2.50%
|
|
206C
(1)
|
Sale
of Any
other forest produce not being a Timber or tendu leaves
|
|
2.50%
|
|
206C
(1)
|
Sale
of Alcoholic
Liquor for Human Consumption
|
|
1.00%
|
| 206C |
Sale
of Indian
made for foreign liquor |
|
1.00%
|
|
206C
(1C)
|
Lease
or license of Parking
lot, toll plaza, mining & quarrying
|
|
2.00%
|
|
206C
(1)
|
Sale
of
Minerals,coal lignite, Iron ore by a trader
|
|
1.00%
|
|
206C
(1F)
|
Sale
Value of Motor vehicle whether in cheque or in any other mode of receipt
|
Exceeding Rs.
10 Lakhs per transaction
|
1.00%
|
| 206C |
Foreign
remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs.
7 Lakh in a financial year if remitted amount is out of loan obtained
from any financial institution u/s 80E for the purpose of pursuing any
education |
|
0.5% (applicable from 01.10.2020)
|
| 206C |
Foreign
remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs.
7 Lakh in any other case |
|
5%
(applicable from 01.10.2020) |
| 206C |
Selling
of overseas tour package |
|
5%
(applicable from 01.10.2020) |
| 206C |
Sale
of goods (Other than those being exported) of value exceeding Rs. 50
Lakh in previous year whose total Sale/ gross receipts / turnover from
business exceeds Rs 10 Crore during immediately financial year |
Rs.
50 Lakhs |
0.1% (applicable from 01.10.2020) |
| Note:
- |
|
| In case of non availability of PAN :- |
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act; or
2. At the rate of 5% |
| TCS on Non-Filers of ITR under
section 206CCA (applicable w.e.f 01.07.2021) |
Higher
of the following rates :-
1. Twice the rate specified in the relevant provision of the Act; or
2. At the rate of 5% |
| Notes |
| Surcharges
& Education Cess |
|
Type
of Payment
|
Surcharge
|
Rate
|
Health
and Education Cess (4.00%)
|
|
Salary
(Residents)
|
|
Upto
50 Lacs
|
|
50
Lacs to 1 Crore
|
|
>
1 Crore but upto 2 Crore
|
|
>
2 crore but upto 5 crore
|
|
>
5 crore
|
|
|
|
|
Other
Payments to Residents
|
|
|
|
| Interest
for failure to deduct tax at source/delay in payment of TDS |
| Stage
of deduction |
Rate per month
or part
of the month
|
| From
date when deductible till actual deduction |
1.00% |
| From
date of deduction till payment |
1.50% |
|
TDS
/ TCS RATES FOR F.Y.2020-21
|
Section
|
Nature
of Payment
|
Threshold
Limit of Payment
|
01-04-2020
to 13-05-2020
|
New
rates from 14-05-2020 to 31-03-2021
|
|
192
|
Income
from Salary
|
|
Senior
Citizen (60 Years)
|
Rs.
3,00,000
|
|
Super
Senior Citizen (80 Years)
|
Rs.
5,00,000
|
|
Others
|
Rs.
2,50,000
|
|
Average
rate of Tax + Health & Education Cess (Surcharge if Salary
> 50 Lacs)
|
Average
rate of Tax + Health & Education Cess (Surcharge if Salary
> 50 Lacs)
|
|
192A
|
Premature
Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS
at Maximum Mariginal Rate of 34.608%)
|
Rs.
50,000
|
10%
|
10%
|
|
193
|
*
Interest on Securities
|
Rs.
10,000
|
10%
|
7.5%
|
|
194
|
Dividend
|
|
10%
|
7.5%
|
|
194A
|
Interest
from a Banking Company
|
Rs.
40,000 per annum /Rs. 50,000 per annum for Senior citizen
|
10%
|
7.5%
|
|
194A
|
Interest
other than from a Banking Company
|
Rs.
5,000 per annum
|
10%
|
7.5%
|
|
194B
|
Winning
from Lotteries & Cross Word Puzzles
|
Rs.
10,000 per annum
|
30%
|
30%
|
|
194BB
|
Winnings
from horse races
|
Rs.
10,000 per annum
|
30%
|
30%
|
|
194C
|
Payment
to contractor/sub-contractor
|
Rs.30,000
per contract (or)
Rs.
1,00,000 per annum
|
Individual/HUF
1% ,Others 2%
|
Individual/HUF
0.75% ,Others 1.5%
|
|
194D
|
Insurance
Commision
|
Rs.
15,000
|
|
Resident:5%
|
|
Domestic
Company:10%
|
|
|
Resident:3.75%
|
|
Domestic
Company:10%
|
|
|
194DA
|
Payment
under life insurance policy
|
Rs.1,00,000
per annum
|
|