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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.
| 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.
| 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 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 |
