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3. Chapter 4 TDS Rates

Transcript

TDS Rates Reduced Due to Lockdown All TDS Rates Reduced by 25% temporarily from 14 May 2020 to 31 Mar 21 teachoo.com However,If no Pan ,then Deducted @ 20%.This Rate Not Reduced by 25% TDS RATE REDUCED BY NEW RATE 10% 5% 2% 10*25%=2.5% 10% 2.5%=7.5% 1% 5*25%=1.25% 5% 1.25%=3.75% 2*25%=0.5% 2% 0.5%=1.5% 1*25%=0.25% 1% 0.25%=0.75% OLD TDS RATE REDUCED BY NEW RATE 20% Not Reduced 20% TDS Rates Reduced Due to Lockdown All TDS Rates Reduced by 25% temporarily from 14 May 2020 to 31 Mar 21 Earlier Now In Section 194 H TDS Rate Reduced by 25%*5=1.25% TDS Rate is 5% New TDS Rate =5% 1.25% =3.75% In Section 194I TDS Rate is TDS Rate is 10% For land and Building & Furniture New TDS Rate is 7.5% for L&B,Fur (10% 2.5%) Or Or 2% for Plant and Machinery 1.5% for Plant and Machinery (2% 0.5%) teachoo.com In Section 194 H In Section 194I These are Temporary Rates if TDS Deducted between 14 May 2020 to 31 Mar 2021 These Rates will again be applicable in FY 2021 22 onwards For Lower TDS Rate Date of Deduction Should be between 14 May 2020 to 31 Mar 2021 Example Section 194H Commission Normal TDS Rate is 5% but it is Reduced to 3.75% What Rate Applicable in following Cases? Case 1 Case 2 Case 3 Bill 15 Apr 2020 Payment 20 May 2020 Bill 15 May 2020 Payment 20 May 2020 Bill 15 May 2020 Payment in Advance on 29 APR 2020 TDS Deducted on  15 Apr 20 15 May 20 29 Apr 20 Rate Applicable  5% 3.75% 5% teachoo.com Date of Deduction is Bill Or Payment Which is earlier

Chapter 4 TDS Rates

Courses
Free TDS TCS Certification Course