TDS Rates Chart PDF A.Y. 2021-22 (Revised w.e.f 14-5-2020): You can download here TDS Rates chart for A.Y. 2021-22/F.Y. 2020-21. The TDS rates chart in PDF format. You can download from the links given below. It is totally free TDS rates chart. We have compiled this TDS Rates chart with all updated provision upto date.
Update on 13-5-2020: TDS & TCS rates reduced by 25% up to March 2021. Download Press Release Here
Other Tax Updates: Due date of all income tax returns for F.Y. 2019-20 will be extended from 31st July 2020 & 31st October 2020 to 30th November 2020 and tax audit from 30th September 2020 to 31st October 2020.
TDS Rates Chart Updates Dates
This TDS rates chart for F.Y. 2020-21 has included all provisions of Income Tax Budget 2020.
- Date: 30-04-2020 – Includes all amendments and changes
- Financial Year 2020-21: Transaction from 1-4-2020 to 31-3-2021
- Assessment Year 2021-22: Assessment from 1-4-2021 to 31-3-2022
Major Changes in TDS Rates Chart (F.Y.2020-21)
- Introduce Two New TDS Sections i.e. Section 194K and Section 194O for Mutual Funds Income and E-Commerce Transactions.
- Changes in existing section 194J for technical services – Reduced to 2% from current 10%
Important Links to Download TDS Rates Chart (F.Y.2020-21 / A.Y.2021-22)
You can download TDS Rates chart from the following links in all format like PDF, Excel, word and image.
|Download TDS Rates Chart F.Y.2020-21 (PDF) (Revised w.e.f 14-5-2020)
|Download TDS Rates Chart F.Y. 2020-21 (Excel) Revised w.e.f 14-5-2020)
|Download TDS Raes Chart F.Y. 2020-21 (Word) Revised w.e.f 14-5-2020)
|TDS Rates Chart F.Y. 2020-21 (View Online) Without Downloading Revised w.e.f 14-5-2020)
Who is Liable to Deduct TDS
- Any person who will make payment as specified under Income Tax Act are liable to deduct TDS at the time of making such payment.
- But no TDS deductions is required if the person who making payment is an individual or HUF whose books are not required to be tax audited.
- Exception if a person who is individual or HUF making payment of rent exceeding Rs. 50,000 per month must deduct TDS @5% even his books are not liable for tax audit. The persons also don’t need to apply for TAN.
Due Dates for Deposit TDS to Govt
- 7th of subsequent month
- For the month of march – 30th April
- For Rent and Purchase of Property – 30 days from the end of the month in which TDS is deducted
- TDS Return Due Dates
You should know all TDS Return due dates before download TDS Rates Chart for F.Y. 2020-21 / A.Y. 2021-22.
|Form No.||Transactions||Period||Due Dates|
|Form 26Q||TDS on all payment except salaries||Q1
31st May (31st July 2020) Revised due to Covid-19 Crises
|Form 24Q||TDS on Salary||Q1
31st May (31st July 2020) Revised due to Covid-19 Crises
|Form 26QB||TDS on Sale of Property||30 days from the end of the month in which TDS is deducted|
|Form 26QC||TDS on Rent||30 days from the end of the month in which TDS is deducted|
How to Deposit TDS?
You can deposit TDS to Government account online. It is very simple to deposit TDS online. You can deposit TDS from this link
TDS Certificate Issuing Due Dates
The employers or deducter who deduct TDS must issue TDS Certificate. You should note the following dates to issue TDS certificate. We have also mentioned the dates on TDS rates chart for F.Y. 2020-21.
|Period||Payments||Forms No.||Due Dates|
|Yearly (For Whole Year)||TDS on Salary Payment||Form 16||31st May|
|Quarterly||TDS on Non-Salary Payments||Form 16A||15 Days from due date of filing return|
|Every Transaction||TDS on Sale of Property||Form 16B||15 Days from due date of filing return|
|Every Transaction||TDS on Rent||Form 16C||15 Days from due date of filing return|
Revised w.e.f. 14-5-2020
|Sl. No.||Nature of Payment||Sec||Basic Cut-off (₹.) p.a.||Applicable from 1-4-2020 to 13-5-2020|
|Applicable from 1-4-2020 to 13-5-2020|
|Applicable from 14-5-2020 to 31-3-2021|
|Applicable from 14-5-2020 to 31-3-2021
|1||Salary Payment||192||-||Income Tax Slab Rates||Income Tax Slab Rates||Income Tax Slab Rates||Income Tax Slab Rates|
|2||PF premature payment from EPF A/c (i.e. before 5 Years).||192A||50,000||10||10||10||10|
|3||Interest on securities - 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year||193||10,000||10||-||7.5||-|
|4||Interest on securities - Interest on securities for money issued by or on behalf of any local authority/statutory corporation, listed debentures of a company(other than demat form), any other interest on securities||193||5000||10||-||7.5||-|
|5||Dividend Payment (w.e.f. 01.04.2020)||194||5000||10||-||7.5||-|
|6||Interest Payment by Banks||194A||40000 (Non Sr. Citizen)|
50000 (Sr. Citizen)
|7||Interest Payment by Others||194A||5,000||10||-||7.5||-|
|8||Payment of prize from Wining from Lotteries by any person.||194B||10,000||30||30||30||30|
|9||Payment of prize from Wining from Horse Race by any person.||194B||10,000||30||30||30||30|
|10||Contrat Payments||194C||30,000 (Single bill) or 1,00,000 aggregate bills during the year.||1% (Individual/HUF)|
|11||Payment of Insurance Commission to agents by Insurance Company.||194D||15,000||5 (Other Than Company)|
|-||3.75 (Other Than Company)|
|12||Payment in respect of maturity of Life Insurance Policy by Life Insurance Company.||194DA||1,00,000||5||-||3.75||-|
|13||Payment to NRI sportsman or association by any person or organization||194E||–||-||20||-||20|
|14||Payment out of deposit under National Saving Scheme (NSS)||194EE||2,500||10||10||7.5||10|
|15||Payment with respect to repurchase of units by Mutual Fund Companies.||194F||–||20||20||15||20|
|16||Payment of Lottery Commission||194G||15,000||5||5||3.75||5|
|17||Payment of commission or Brokerage||194H||15,000||5||-||3.75||-|
|18||Payment of rent on land, building, furniture and fittings.||194I||2,40,000||10||-||7.5||-|
|19||Payment of rent on plant, machinery or equipments.||194I||2,40,000||2||-||1.5||-|
|20||Payment made on account of transfer of immovable property other than agriculture land.||194IA||50,00,000||1||-||0.7||-|
|21||Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings||194IB||50,000 Per Month||5||-||3.75||-|
|22||Payment under Joint Development Agreements to Individual/HUF||194IC||-||10||-||7.5||-|
|23||Payment of Professional Fees other than call centers and Technical Fees||194J||30,000||10||-||7.5||-|
|24||Payment of Technical Fees (w.e.f. 01.04.2020)||194J||30,000||2||-||1.5||-|
|25||Payment of Professional Fees to call centers.||194J||30,000||2||-||1.5||-|
|27||Compensation on transfer of certain immoveable property than Agriculture Land||194LA||2,50,000||10||-||7.5||-|
|28||Payment of any income in respect of:|
a) Units of a Mutual Fund as per Section 10(23D)
b) The Units from the administrator
c) Units from specified company (w.e.f. 01.04.2020)
|29||Payment of certain amount in cash||194N||1 Crore||2||2||2||2|
|30||Certain payments by Individual/HUF||194M||50 Lakh||5||-||3.75||-|
|31||Applicable for e-commerce operator for the sale of goods or provision of services facilitated by it through its digital or electronic facility or platform (Applicable from 01.10.2020)||194O||-||-||-||0.75||-|
|32||Income by way of interest from infrastructure debt fund||194LB||-||-||5||-||5|
|33||Income from units of business trust|
- interest received or receivable from a special purpose vehicle; or
- dividend referred to in sub-section (7) of section 115-O
|34||Distribution of rental income to unit holders|
- Other than Company
|35||Income in respect of units of investment fund|
- Other than Company
|36||Income in respect of investment in securitization fund|
- Other Person
|37||Income by way of interest by an Indian specified company to a non-resident/foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India||194LC||-||-||5||-||5|
|38||Income by way of interest by an Indian specified company on rupee denominated bond / any long-term bonds from outside India, which is listed only on a recognized stock exchange located in any International Financial Services Centre||194LC||-||-||4||-||4|
|39||Interest on certain bonds from Govt. securities||194LD||-||-||5||-||5|
|40||Payment of certain amount in cash (first proviso of section 194N)if-|
- Amount is more than Rs.20 lakh but up to Rs. 1 crore
- Amount exceeds Rs. 1 crore (Applicable from 01.07.2020)
|41||Income of Investment made by an NRI||195||-||-||20||-||20|
|42||Long-term capital gain|
- Under Section - 115E/
- Any Other Gains
|43||Short-term capital gain - 111A||195||-||-||15||-||15|
|45||Fees for technical services||195||-||-||10||-||10|
|46||Interest income payable by Govt./Indian concern (other than section 194LB or 194LC)||195||-||-||20||-||20|
|47||Any Other Income |
-Other than Company
|48||Income in respect –|
- of units of a Mutual Fund specified under clause (23D) of section 10; or
- from the specified company referred to in the Explanation to clause (35) of section 10
|49||Income from units to an offshore fund||196B||-||-||10||-||10|
|50||Income from foreign currency bonds or GDR of an Indian company||196C||-||-||10||-||10|
|51||Income of foreign Institutional Investors from securities (not being dividend or capital gain)||196D||-||-||20||-||20|
Note: In case of non-furnishing of PAN/Aadhaar by deductee, TDS will be charged at normal rate or 20% (5% in case of section 194-O), whichever is higher.
Updates on 1-10-2020: A new section 194-O in the Income-tax Act 1961 that with effect from October 1, 2020, an e-commerce operator shall deduct income tax at the rate of 1 percent of the gross amount of sale of goods or provision of service or both, facilitated through its digital or electronic facility or platform. – Download Circular No.17/2020 on 29-9-2020
Revised w.e.f. 14-5-2020
|Nature of Payment||Section||w.e.f 1-4-20 to 13-5-20 TCS Rate (%)||
w.e.f. 14-5-20 to 31-3-21 TCS Rate (%)
|Timber obtained under a forest least or other mode||206C||2.5||1.875|
|Any other forest produce not being a timber or tendu leaves||206C||2.5||1.875|
|Alcoholic liquor for human consumption and Indian made foreign liquor||206C||1||1|
|Parking lot, toll plaza, mining and quarrying (other than mining and quarrying of mineral oil, petroleum and natural gas)||206C||2||1.5|
Minerals, being coal or lignite or iron ore
Sale of motor vehicle of the value exceeding Rs. 10 Lacs
Remittance out of India under the Liberalized Remittance Scheme of the RBI of the value exceeding 7 Lacs in a financial year (Applicable from 01.10.2020) – TCS will be charged on excess amount over 7 lacs
|Sale of overseas tour programme package (Applicable from 01.10.2020)||206C||N.A||5|
|Remittance out of India for education under the Liberalized Remittance Scheme of the RBI of the value exceeding 7 Lacs in a financial year (Applicable from 01.10.2020) – TCS will be charged on excess amount over 7 lacs||206C||N.A||0.5|
|Sale of any goods (other than goods exported out of India or goods given in the above points) of the value exceeding 50 Lacs (Applicable from 01.10.2020) – TCS will be charged on excess amount over 50 lacs||206C||N.A||0.075|
Is TDS Rates Chart available in PDF Format for A.Y. 2021-22?
Yes, it is available in PDF format, Excel Format, Word Format, and Image format.
Is TDS Rates Chart Up to Date?
Yes, TDS Rates Chart for F.Y. 2020-21, A.Y. 2021-22 is up to date includes all provisions of budget 2020.
Is TDS Rates Chart free?
Yes, this TDS Rates chart is totally free. You can download it in any format and save it on your mobile, laptop, tab, and desktop.