Following TDS Rates are applicable for Financial Year 2019-2020 ( Assessment Year 2020-21)
Important Sections TDS Chart
| Section no. | Description | Cutoff | Rate of TDS | Examples |
| 194I | Rent of | 180000 P.A 240000 P.A. (From 1 April 2019) | 10% | Office rent /godown rent/guesthouse rent |
| Land and Building or Furniture | ||||
| Others like Plant and Machinery | 2% | Generator rent, machinery hire charges | ||
| 194A | Interest paid by Banks on FD/RD | 10000 P.A. 40000 P.A. (From 1 April 2019) (For Senior citizens 50000) | 10% | Savings bank interest not covered, only interest on fixed deposits and recurring deposits covered |
| 194 A | Interest paid by Others on Loan etc | 5000 p.a | 10% | Interest on loan taken from banks or financial institutions not covered, only interest on loan from friends/relatives/related companies covered |
| 194J | Professional Service/Technical/Royalty/Non Compete fees | 30000 p.a | 10% | Audit fees/Bills of professionals like CA/CWA/CS, or technical service providers or consultancies covered. Employees on contract which are white collared covered here |
| 194H | Commission/Brokerage | 5000 p.a 15000 | 10% 5% | Commission to broker/sales agent etc |
| 194J(1)(b)(a) | Payment to directors other than salary | 0 | 10% | Sitting fees to director/any payment other than salary |
| 194 IA | Purchase of Immovable property | 5000000 | 1% | On purchase of property more than 50 lacs, buyer has to deduct 1% and pay balance to party |
| 194C | Payment to Contractors |
30000 Single Contract
or 100000 annual |
1% for Individual and HUF (2% For Others like Partnership,
Company) |
All other services like payment to Security guard/ courier/ maintenance agency/ cab service/ advertisement/ employees on contract which do blue collared or manual work like peon/driver etc |
| 192 | Withdrawal of Pf before 5 Years | 30000 50000 | 10% | If we withdraw our PF for before 5 years, then Pf department deduct 10% TDS. |
| 194M | Payment to resident contractors and professionals | 50 Lac | 5 % | Individual receives a bill of advertisement charges for Rs. 5200000, TDS will be deducted 5% on 5200000 |
| 194N | Tds on cash withdrawls | Rs 1 crore | 2% | A person has an account in ICICI Bank.He has already withdrawn Rs. 99 lakh, He further withdraws Rs. 1 lakh, TDS will be deducted 2% |
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