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TDS New Page 1

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—
Dividend other than the dividend as referred to in Section 115-O

 

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 (including Bonus)

Rs.1,00,000 per annum

Upto 31-08-2019 : 1%

w.e.f 01-09-2019 : 5%

 

3.75%

194E

Non-resident Sportman or Sports Association

 

20%

20%

194EE

Out of deposit under NSS

Rs.2,500

Individual or HUF 10%

Others-NA

(Individual or HUF 7.5%