TDS Rates Chart F.Y.2020-21 {PDF} Revised from 14-5-2020

tdsrateschartf.y.2020-21 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 f.y.2021-21 ay 2021-22

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

Years Applicable 

  • 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.

ParticularsLinks
Download TDS Rates Chart F.Y.2020-21 (PDF) (Revised w.e.f 14-5-2020)
Download Here
Download TDS Rates Chart F.Y. 2020-21 (Excel) Revised w.e.f 14-5-2020)
Download Here
Download TDS Raes Chart F.Y. 2020-21 (Word) Revised w.e.f 14-5-2020)
Download Here
TDS Rates Chart F.Y. 2020-21 (View Online) Without Downloading Revised w.e.f 14-5-2020)
View Here

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 PeriodDue Dates
Form 26QTDS on all payment except salariesQ1
Q2
Q3
Q4
31st July
31st October
31st January
31st May (31st July 2020) Revised due to Covid-19 Crises
Form 24QTDS on SalaryQ1
Q2
Q3
Q4
31st July
31st October
31st January
31st May (31st July 2020) Revised due to Covid-19 Crises
Form 26QBTDS on Sale of Property30 days from the end of the month in which TDS is deducted
Form 26QCTDS on Rent30 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

https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

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.

PeriodPaymentsForms No.Due Dates
Yearly (For Whole Year)TDS on Salary PaymentForm 1631st May
QuarterlyTDS on Non-Salary PaymentsForm 16A15 Days from due date of filing return
Every TransactionTDS on Sale of PropertyForm 16B15 Days from due date of filing return
Every TransactionTDS on RentForm 16C15 Days from due date of filing return

TDS Rates Chart for F.Y.2020-21 /A.Y. 2021-22

Revised w.e.f. 14-5-2020

Sl. No.Nature of PaymentSecBasic Cut-off (₹.) p.a.Applicable from 1-4-2020 to 13-5-2020

(Resident)
Applicable from 1-4-2020 to 13-5-2020
(Non-Resident)
Applicable from 14-5-2020 to 31-3-2021
(Resident)
Applicable from 14-5-2020 to 31-3-2021
(Non-Resident)
1Salary Payment192-Income Tax Slab RatesIncome Tax Slab RatesIncome Tax Slab RatesIncome Tax Slab Rates
2PF premature payment from EPF A/c (i.e. before 5 Years).192A50,00010101010
3Interest on securities - 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year19310,00010-7.5-
4Interest 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 securities193500010-7.5-
5Dividend Payment (w.e.f. 01.04.2020)194500010-7.5-
6Interest Payment by Banks194A40000 (Non Sr. Citizen)
50000 (Sr. Citizen)
10-7.5-
7Interest Payment by Others194A5,00010-7.5-
8Payment of prize from Wining from Lotteries by any person.194B10,00030303030
9Payment of prize from Wining from Horse Race by any person.194B10,00030303030
10Contrat Payments194C30,000 (Single bill) or 1,00,000 aggregate bills during the year.1% (Individual/HUF)
2% (Others)
-0.75% (Individual/HUF)
1.5% (Others)
-
11Payment of Insurance Commission to agents by Insurance Company.194D15,0005 (Other Than Company)
10 (Company)
-3.75 (Other Than Company)
10 (Company)
-
12Payment in respect of maturity of Life Insurance Policy by Life Insurance Company.194DA1,00,0005-3.75-
13Payment to NRI sportsman or association by any person or organization194E-20-20
14Payment out of deposit under National Saving Scheme (NSS)194EE2,50010107.510
15Payment with respect to repurchase of units by Mutual Fund Companies.194F20201520
16Payment of Lottery Commission194G15,000553.755
17Payment of commission or Brokerage194H15,0005-3.75-
18Payment of rent on land, building, furniture and fittings.194I2,40,00010-7.5-
19Payment of rent on plant, machinery or equipments.194I2,40,0002-1.5-
20Payment made on account of transfer of immovable property other than agriculture land.194IA50,00,0001-0.7-
21Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings194IB50,000 Per Month5-3.75-
22Payment under Joint Development Agreements to Individual/HUF194IC-10-7.5-
23Payment of Professional Fees other than call centers and Technical Fees194J30,00010-7.5-
24Payment of Technical Fees (w.e.f. 01.04.2020)194J30,0002-1.5-
25Payment of Professional Fees to call centers.194J30,0002-1.5-
26Director's Fee194J-10-7.5-
27Compensation on transfer of certain immoveable property than Agriculture Land194LA2,50,00010-7.5-
28Payment 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)
194K500010-7.5-
29Payment of certain amount in cash194N1 Crore2222
30Certain payments by Individual/HUF194M50 Lakh5-3.75-
31Applicable 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-
32Income by way of interest from infrastructure debt fund194LB--5-5
33Income 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
194LBA-
10
10

5
10

7.5
7.5

5
10
34Distribution of rental income to unit holders
- Other than Company
- Company
194LBA-10
10
30
40
7.5
7.5
5
10
35Income in respect of units of investment fund
- Other than Company
- Company
194LBB-10
10
30
40
7.5
7.5
30
40
36Income in respect of investment in securitization fund
- Individual/HUF
- Company
- Other Person
194LBC-25
30
30
30
40
30
18.75
22.5
22.5
30
40
30
37Income 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 India194LC--5-5
38Income 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 Centre194LC--4-4
39Interest on certain bonds from Govt. securities194LD--5-5
40Payment 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)
194N---2
5
2
5
41Income of Investment made by an NRI195--20-20
42Long-term capital gain
- Under Section - 115E/
112(1)(c)(iii)/112A
- Any Other Gains
195--10
20
-10
20
43Short-term capital gain - 111A195--15-15
44Royalty195--10-10
45Fees for technical services195--10-10
46Interest income payable by Govt./Indian concern (other than section 194LB or 194LC)195--20-20
47Any Other Income
-Other than Company
-Company
195--30
40
-30
40
48Income 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
196A--20-20
49Income from units to an offshore fund196B--10-10
50Income from foreign currency bonds or GDR of an Indian company196C--10-10
51Income 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.

TCS Rates Chart F.Y.2020-21/A.Y.2021-22

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 PaymentSectionw.e.f 1-4-20 to 13-5-20 TCS Rate (%)
w.e.f. 14-5-20 to 31-3-21 TCS Rate (%)
Scrap206C10.75
Tendu Leaves206C53.75
Timber obtained under a forest least or other mode206C2.51.875
Any other forest produce not being a timber or tendu leaves206C2.51.875
Alcoholic liquor for human consumption and Indian made foreign liquor206C11
Parking lot, toll plaza, mining and quarrying (other than mining and quarrying of mineral oil, petroleum and natural gas)206C21.5


Minerals, being coal or lignite or iron ore
206C10.75


Sale of motor vehicle of the value exceeding Rs. 10 Lacs
206C10.75


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
206CN.A5
Sale of overseas tour programme package (Applicable from 01.10.2020)206CN.A5
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 lacs206CN.A0.5
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 lacs206CN.A0.075

FAQ

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.

 

 

 

 

 

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