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Blog

  • 04 Feb 2019 Text - Text
  • 28 Jan 2019 GST on advances received for future supplies - Dear Esteemed Professional Colleagues, Greeting of the day! Friends today i am w...
  • 13 Jan 2017 Key Points In Creation Of HUF, Tax saving in HUF AND Format of Affidavit for HUF creation and for apply PAN of HUF - KEY POINTS IN CREATION OF HUF AND FORMAT OF DEED/AFFIDAVIT FOR CREATION OF HUF: ...
  • 11 Jan 2017 JOB WORK PROVISIONS UNDER GST- AT A GLANCE - GST will be new world of opportunity for all the chartered accountants as well a...
  • 24 Jun 2016 BREXIT: How Will It Affect India? - BREXIT: How Will It Affect India? The United Kingdom has held the referendum for...
  • 05 Jun 2016 BASICS OF HARYANA VAT - In era of competition every client is looking for complete solution under one ro...
  • 16 Mar 2016 Records/Registers maintained by a Registered Central Excise Manufacturer / Dealer - Records/Registers maintained by a Registered Central Excise Manufacturer/Dealer:...
  • 01 Feb 2016 Collaborations & Joint Development Agreement and Capital Gains Tax - Collaborations & Joint Development Agreement and Capital Gains Tax: A joint ...
  • 26 Jan 2016 Magic of Zero tax on Rs. 10 Lakhs salary Income - Magic of Zero tax on Rs. 10 Lakhs Income Item No. Nature Amount 1 Basic Tax Exem...
  • 17 Dec 2015 Rules regarding quoting of PAN for specified transactions amended effective from 1st January, 2016 - Rules regarding quoting of PAN for specified transactions amended The Government...
  • TDS Rate Chart for F.Y. 2020-21 (A.Y: 2021-22)

    Section Nature of payment Threshold Limit Applicable from 01/04/2020 to 13/05/2020 Applicable from 14/05/2020 to 31/03/2021
          Resident Non-resident * Resident Non-resident *
        Rs.  TDS Rate (%) TDS Rate (%) TDS Rate (%) TDS Rate (%)
    192 Salaries - Normal slab rate Normal slab rate Normal slab rate Normal slab rate
    192A Premature withdrawal from EPF 50000 10 10 10 10
    193 Interest on securities - 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 during the financial year 10000 10 - 7.5 -
    193 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 5000 10 - 7.5 -
    194 Dividends 5000 10 - 7.5 -
    194A Interest (Banking co., co-operative society engaged in banking, post office) 40000 10 - 7.5 -
    194A Interest (Any other person) 5000 10 - 7.5 -
    194B Winning from lotteries 10000 30 30 30 30
    194BB Winning from Horse race 10000 30 30 30 30
    194C Contractor-Single transaction-Individual/HUF            -Others 30000   1 2   - -   0.75 1.5   - -
    194C Contractor – Consolidated Payment During the F.Y. - Individual/HUF - Others 100000     1 2     - -     0.75 1.5     - -
    194D Insurance commission - Other than Company - Company 15000   5 10   - -   3.75 10   - -
    194DA Maturity of Life insurance policy 100000 5 - 3.75 -
    194E Non-resident sportsmen or sports association - - 20 - 20
    194EE NSS 2500 10 10 7.5 10
    194F Repurchase units by MFs - 20 20 15 20
    194G Commission-Lottery 15000 5 5 3.75 5
    194H Commission/Brokerage 15000 5 - 3.75 -
    194I Rent of - Plant/Machinery /Equipment - Land and Building/Furniture & Fixture 240000 2 10 - - 1.5 7.5 - -
    194IA Transfer of certain immovable property other than agriculture land 50 lakh 1 - 0.75 -
    194IB Rent by Individual/HUF 50000 per month 5 - 3.75 -
    194IC Payment under Joint Development Agreements to Individual/HUF - 10 - 7.5 -
    194J Professional Fees 30000 10 - 7.5 -
    194J Technical Fees (w.e.f. 01.04.2020) 30000 2 - 1.5 -
    194J Payment to call centre operator (w.e.f. 01.06.2017) 30000 2 - 1.5 -
    194J Director's fees - 10 - 7.5 -
    194K Payment of any income in respect of (a) units of a mutual fund as per section 10(23D); or (b) the units from the administrator; or (c) units from specified company (w.e.f. 01.04.2020) 5000 10 - 7.5 -
    194LA Compensation on transfer of certain immovable property other than agriculture land (TDS exempted if covered under RFCTLARR Act w.e.f. 01.04.2017) 250000 10 - 7.5 -
    194LB Income by way of interest from infrastructure debt fund - - 5 - 5
    194LBA 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 -   10   10   5   10   7.5   7.5   5   10
    194LBA Distribution of rental income to unit holders - Other than Comapany - Company -     10 10     30 40     7.5 7.5     30 40
    194LBB Income in respect of units of investment fund - Other than Company - Company -     10 10     30 40     7.5 7.5     30 40
    194LBC Income in respect of investment in securitization fund - Individual/HUF - Company - Other Person -     25 30 30     30 40 30     18.75 22.5 22.5     30 40 30
    194LC 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 - - 5 - 5
    194LC 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 - - 4 - 4
    194LD Interest on certain bonds from Govt. securities - - 5 - 5
    194M Certain payments by Individual/HUF 50 lakh 5 - 3.75 -
    194N Payment of certain amount in cash 1 Crore 2 2 2 2
    194N 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)       N.A.   N.A.     N.A.   N.A.     2   5     2   5
    194-O 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) - N.A - 0.75 -
    195 Income of Investment made by an NRI - - 20 - 20
    195 Long-term capital gain - Under Section - 115E/ 112(1)(c)(iii)/112A - Any Other Gains -     - -     10 20     - -     10 20
    195 Short-term capital gain - 111A - - 15 - 15
    195 Royalty - - 10 - 10
    195 Fees for technical services - - 10 - 10
    195 Interest income payable by Govt./Indian concern (other than section 194LB or 194LC) - - 20 - 20
    195 Any Other Income - Other than Company                  - Company - -   - 30   40 -   - 30   40
    196A 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 - - 20 - 20
    196B Income from units to an offshore fund - - 10 - 10
    196C Income from foreign currency bonds or GDR of an Indian company - - 10 - 10
    196D Income of foreign Institutional Investors from securities (not being dividend or capital gain) - - 20 - 20