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TDS Rates Chart For FY 2019-20
As Per Finance Act 2019, there are changes in TDS Rate Chart For FY 2019-20.Under Income Tax compliance’s of TDS is required. TDS stands for Tax Deducted at Source. TDS is applicable on payment of Salary , Professional Fees , Interest etc. The TDS have various rates from 1 % to 30 %. Some time the TDS rates depends on Status of Recipient of Funds Like Individual , HUF , Company etc. For Person who not having PAN Card Number TDS rate is 20 %. The person responsible for TDS Compliances need to deduct TDS , pay TDS and File TDS return. In This article we had given TDS Rate For FY 2019-20, AY 2020-21. TDS due date and payment due date chart.
- Monthly TDS Payment
- File Quarterly 24 Q Return
- File Quarterly 26 Q Return
TDS Rates Chart For FY 2019-20
| Section | Nature of Payment | Limit | TDS Rates |
| 194D | Payment of Insurance Commission | Rs.15,000 p.a. | Indi/HUF- 5% Others- 10% |
| 194DA | Payment in respect of life insurance policy | Rs.1,00,000 p.a. | 1% |
| 194IB | Payment or credit of rent by an individual or HUF if not subject to tax audit w.e. 1-6-2017 | Rs. 50,000 p.m. | 5% |
| 194A | Interest payment other than interest on securities | Rs. 50,000 p.a. for Senior Citizen & Rs.10,000 p.a. for others | 10% |
| 192A | Payment of taxable accumulated balance of provident fund | Rs. 50,000 | 10% |
| 194IA | Payment or credit of consideration for transfer of any immovable property (other than rural agricultural land) | Rs. 50 Lacs | 1% |
| 193 | Interest on Debentures | Rs. 5,000 p.a. | 10% |
| 194C | Payment to contractors/sub-contractors | Rs. 30,000 for single payment & Rs.1,00,000 for aggregate payment during the F.Y. | 1% Individual & HUF |
| 194C | Payment to contractors/sub-contractors | Rs. 30,000 for single payment & Rs.1,00,000 for aggregate payment during the F.Y. | 2% Other |
| 194J | Professional fees, technical fees, royalty or remuneration to a director | Rs. 30,000 | 2% |
| -if payment is engaged only in the business operations of call centre w.e.f 1-6-2017 | |||
| 194J | Professional Fee, Technical fees, Royalty or Remuneration | Rs. 30,000 | 10% |
| – Other than call centre operator only business payment | |||
| 194EE | Payment of National Saving Scheme | Rs. 2,500 p.a. | Indi/HUF -10% Others- 10% |
| 194 | Dividends other than the dividends as in sec 115-) | Rs. 2,500 | 10% |
| 194LA | Payment of compensation on acquisition of certain immovable property | Rs. 2,50,000 p.a. | 10% |
| 194D | Payment of Insurance Commission | Rs. 15,000 p.a. | Indi/HUF- 5% Others- 10% |
| 194G | Commission on sale of lottery tickets | Rs. 15,000 p.a. | 5% |
| 194H | Commission or brokerage | Rs. 15,000 p.a. | 5% |
| 193 | Interest on Securities | Rs. 10,000 | 10% |
| 194B | Winning from lottery or crossword puzzle or card game or other game of any sort | Rs. 10,000 | 30% |
| 194BB | Winning from horse race | Rs. 10,000 | 30% |
| 194I | Rent of plant & machinery | Rs. 1,80,000 p.a. | 2% |
| 194I | Rent of land or building or furniture or fitting | Rs. 1,80,000 p.a. | 10% |
| 194E | Payment to Non- Resident Sportsman or Sport Association | N/A | 20% |
| 194F | Payment for repurchase of units of MF or UTI | N/A | 20% |
| 194IC | Payment under joint development agreement (who transfers land/building) | N/A | 10% |
| 194LBA (1) | Payment by business trust to resident unit holders | N/A | 10% |
| 194LBB | Payment in respect of units of investment funds | N/A | 10% |
| 194LBC (1) | Payment in respect of an investment in a securitisation trust | N/A | 25% |
| 194LBC (1) | Payment in respect of an investment in a securitisation trust | N/A | 30% |
| 194LB | Payment of interest on infrastructure debt fund to Non-Resident or foreign company | N/A | 5% |
| 194LBA (2) | Income distribution by a investment fund received or receivable by it from a SPV | N/A | 5% |
| 194LBA (3) | Payment of the nature referred to in section 10(23FCA) by business trust to unit holders | N/A | 30% |
| 194LBA (3) | Payment of the nature referred to in section 10(23FCA) by business trust to unit holders | N/A | 40% |
| 194LBB | Payment in respect of unites of investment fund specified in section 115 UB | N/A | 30% |
| 194LBB | Payment in respect of unites of investment fund specified in section 115 UB | N/A | 40% |
| 194LBC (2) | Payment in respect of an investment in a securitisation trust specified in clause (d) of the explanation occurring after section 115TCA | N/A | 30% |
| 194LBC (2) | Payment in respect of an investment in a securitisation trust specified in clause (d) of the explanation occurring after section 115TCA | N/A | 40% |
| 194LC | Payment or credit of interest by an Indian specified company on foreign currency approved loan/long term bonds from outside India | N/A | 5% |
| 194LD | Interest on a rupee denominated bond of an Indian company on Government Security | N/A | 5% |
| 195 | a) Income of foreign exchange assets payable to an Indian citizen | N/A | |
| 195 | b) income by way of long-term capital gains referred to in section 115E or section 112 (I) (c) (iii) | N/A | 10% |
| 195 | c) Short-term capital gains under section 111A | N/A | 15% |
| 195 | d) Any other long-term capital gains (non being covered by section 10(33), 10(36) and 10 (38) | N/A | 20% |
| 195 | e) Income by way of interest payable by Government/Indian concern on money borrowed or debit incurred by Government or Indian concern in foreign currency (not being interest referred in section 194LB or 194LC) | N/A | 20% |
| 195 | f) Royalty – Where the agreement is made after march 31, 1961 but before April 1, 1976 | N/A | 10% |
| 195 | f) Royalty – Where the agreement is made after march 31, 1961 but before April 1, 1976 | N/A | 50% |
| 195 | g) Royalty- Where the agreement is made on or after April 1, 1976 | N/A | 10% |
| 195 | h) Fee for technical services | N/A | 10% |
| – Where the agreement is made after February 29, 1964 but before April 1, 1976 | |||
| 195 | h) Fee for technical services | N/A | 50% |
| – Where the agreement is made after February 29, 1964 but before April 1, 1976 | |||
| 195 | i) Fee for technical services Where the agreement is made on or after April 1, 1976 | N/A | 10% |
| 195 | j) Any other income | N/A | 40% |
| 195 | j) Any other income | N/A | 30% |
| 196B | Payment or credit of income from unites including long term capital gains on transfer of such units to an offshore funds | N/A | 10% |
| 196C | Payment or credit of interest of foreign currency bonds or GDR including long-term capital gains on transfer of such bonds non being dividends referred to in section 115-O | N/A | 10% |
| 196D | Payment or credit of income from securities not being dividends, short-term or long-term capital gain to Foreign Institutional Investors | N/A | 20% |
This TDS Chart information is for general guidance only. We A N Bhutada & CO. or any member does not accept any responsibility for loss to any one. On any specific matter, reference should be made to the appropriate advisory to professional.
TDS Payment Due Date Chart FY 2019-20
| S.No. | Month | Due Date ( payment ) |
| 1 | Apr-19 | 07-05-19 |
| 2 | May-19 | 07-06-19 |
| 3 | Jun-19 | 07-07-19 |
| 4 | Jul-19 | 07-08-19 |
| 5 | Aug-19 | 07-09-19 |
| 6 | Sep-19 | 07-10-19 |
| 7 | Oct-19 | 07-11-19 |
| 8 | Nov-19 | 07-12-19 |
| 9 | Dec-19 | 07-01-20 |
| 10 | Jan-20 | 07-02-20 |
| 11 | Feb-20 | 07-03-20 |
| 12 | Mar-20 | 30-04-20 |
TDS Return Due Date FY 2019-20
TDS Return need to filed on quarterly basis. For 24 Q and 26 Q separate TDS return need be filed. Below is TDS Return Due Date Chart FY 2019-20 , , AY 2020-21.
| Quarter | Period | Last Date of Filing |
| 1st Quarter | 1st April to 30th June | 31st July 2019 |
| 2nd Quarter | 1st July to 30th September | 31st Oct 2019 |
| 3rd Quarter | 1st October to 31st December | 31st Jan 2020 |
| 4th Quarter | 1st January to 31st March | 31st May 2020 |
