| Section |
Nature of Payment |
Normal Rate of TDS up to 13.05.2020 (If Pan Available) |
Revised Rate of TDS w.e.f. 14.05.2020 to 31.03.2021 (If Pan Available) |
Rate of TDS (If No Pan Available) |
Amount on which TDS to be deducted |
| 192 |
Income from Salary |
As per Income Tax Slab |
As per Income Tax Slab |
30% |
As per Income Tax Slab (Existing/New) |
| 193 |
Interest on Securities |
10% |
7.5% |
20% |
Amount credit or Paid, whichever is earlier, when the amount exceeds Rs. 10,000/- per annum |
| 194 |
Dividend other than reffered in 115-O |
10% |
7.5% |
20% |
Before making the payment to shareholder -otherthan divident declared u/s 115-O, when amount exceeds Rs. 2,500/- |
| 194-A |
Interest other than Interest on Securities |
10% |
7.5% |
20% |
Interest received from Post Offices/ Bank Deposits exceeds Rs. 10,000/- 40,000 per annum w.e.f. 01.04.2019, as amended in Budget 2019 |
| Interest received from Post Offices/ Banks on Saving/ FD/ Recurring deposits exceeds Rs. 50,000/- per annum by Senior Citizens w.e.f. 01.04.2018 |
| 194-B |
Income by way of Winning from lotteries, Crossward puzzles, Games etc. |
30% |
30% |
30% |
Income exceeds Rs. 10,000/- per annum |
| 194-BB |
Winning from Horse Races |
30% |
30% |
30% |
Income exceeds Rs. 10,000/- per annum |
| 194-C |
Payment to Contractor & Sub Contractor |
For Individual/HUF-1% & Other than Individual/HUF 2% |
For Individual/HUF-0.75% & Other than Individual/HUF 1.5% |
20% |
Amount paid or credited, whichever is earlier, when the amount of a single contract exceed Rs. 30,000/- or total amount of contract exceeds Rs. 1,00,000 per annum |
| 194-D |
Insurance Commission |
5% |
3.75% |
20% |
Amount paid or credited, whichever is earlier, when the amount exceeds Rs. 15,000/- per annum |
| 194-DA |
Payment under Life Insurance Policy (Including Bonus) |
1% |
0.75% |
20% |
At the time of Payment, when the amount exceeds Rs. 1,00,000/-per annum |
| 194-EE |
Payment in respect of deposit under National Saving Scheme |
10% |
7.5% |
20% |
Amount paid or credited, whichever is earlier, when the amount exceeds Rs. 2,500/- |
| 194-F |
Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India |
20% |
15% |
20% |
Amount paid or credited, whichever is earlier |
| 194-G |
Commission on Sale of Lottery Tickes |
5% |
3.75% |
20% |
Amount paid or credited, whichever is earlier, when the amount exceeds Rs. 15,000/- per annum |
| 194-H |
Payment of Commission or Brokerage |
5% |
3.75% |
20% |
Amount paid or credited, whichever is earlier, when the amount exceeds Rs. 15,000/- per annum |
| 194-I |
Rent- Plant & Machinery and Equipments etc. |
2% |
1.5% |
20% |
Amount paid or credited, whichever is earlier, when the amount exceeds Rs. 1,80,000/- 2,40,000 p.a. w.e.f. 01.04.2019, as amended in Budget 2019 |
| 194-I |
Rent-Land & Building |
10% |
7.5% |
20% |
Amount paid or credited, whichever is earlier, when the amount exceeds Rs. 1,80,000/- 2,40,000 per annum w.e.f. 01.04.2019, as amended in Budget 2019 |
| 194-IA |
Payment on transfer of an immovable property other than Agricultural Land |
1% |
0.75% |
20% |
Amount paid or credited, whichever is earlier, when the amount exceeds Rs. 50,00,000/- |
| 194-IB |
Payment of Rent by an Individual/HUF not covered under section 194-I |
5% |
3.75% |
20% |
Amount paid or credited, whichever is earlier when the payment of Rent @ 50,000/- per month |
| 194-J |
Any sum paid by way of: a) Fee for professional services, b) Fee for technical services, c) Royalty d) Remuneration/fee/commission to a director ore), For not carrying out any activity in relation to any business), For not sharing any know-how, patent, copyright etc. |
Fees for technical services @ 2% (w.e.f. 01.04.2020) or any other fees @ 10% |
Fees for technical services @ 1.50% or any other fees @ 7.5% |
20% |
Amount paid or credited, whichever is earlier when the amount exceeds Rs. 30,000 per annum |
| 194-K |
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) |
10% |
7.5% |
20% |
Amount paid or credited, whichever is earlier |
| 194-LA |
Payment of compensation on acquisition of certain immovable property |
10% |
7.5% |
20% |
Amount paid or credited, whichever is earlier |
| 194-LBA |
Income (specified) distributed by a business trust to its unit holder |
10% |
7.5% |
20% |
Amount paid or credited, whichever is earlier |
| 194-LBB |
Income (specified) paid by an investment fund to its investors |
10% |
7.5% |
20% |
Amount paid or credited, whichever is earlier |
| 194-LBC |
Income in respect of investment in securitization fund |
In case of Individual/HU F@ 25% or in case of others @ 30% |
In case of Individual/HU F@ 18.75% or in case of others @ 22.5% |
30% |
Amount paid or credited, whichever is earlier |
| 194-M |
Payments to Contractors/Professionals by Individual/HUF (Limit – 50 Lakhs) |
5% |
3.75% |
20% |
Amount paid or credited, whichever is earlier |
| 194-N |
TDS on cash withdrawal- If the amount is more than Rs. 20 lakh but up to Rs. 1 crore (Applicable from 01.07.2020), Earlier it was applicable if exceeding Rs. 1 Crore |
2% |
2% |
20% |
Amount paid or credited, whichever is earlier |
| 194-N |
TDS on cash withdrawal- If the amount exceeds Rs. 1 crore (Applicable from 01.07.2020), Earlier the rate was 2% |
5% |
5% |
20% |
Amount paid or credited, whichever is earlier |