"To avoid penalty file your income tax return for the A.Y. 2019-20 on or before the extended due date i.e. 31st August 2019"           "Great things never came from comfort zones"           "Wealthy people invest first and spend what’s left and broke people spend first and invest what’s left"           "Good, better, best. Never let it rest. Till your good is better and your better is best"           "Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future"           "You cannot save time for future use, but you can invest it for the future you"           "The secret to getting ahead is getting started.................Start using your Savings to Earn Money"           "The best gift, and investment, you can give your child is your time"           "Investing in your child’s education is never a wasted effort"           "Do something today that your future self will thank you for"

tds-rate-chart

 

TDS Rate Chart

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Introduction-
Here I am describe about TDS Rate- Any person paying income is responsible to deduct TDS and need to deposit the same within the stipulated time period. The below rates are applicable to person "Resident in India"-


Section Nature of Payment Rate of TDS (If Pan Available) Rate of TDS (If No Pan Available) Amount on which TDS to be deducted TDS Certificate
192 Income from Salary As per Income Tax Slab 30% As per Budget 2019, No Income tax till Income of Rs 5 lakh for individual tax payers. For above Rs. 5.00 Lakh- Up to Rs. 2,50,000- Nil, 2,50,001 to 5,00,00- 5%, 5,00,001 to 10,00,000- 20% and 10,00,001 onwards 30% (ED.Cess/H.Ed. Cess extra) TDS Certificate issued in Form 16
193 Interest on Securities 10% 20% Amount credit or Paid, whichever is earlier, when the amount exceeds Rs. 10,000/- per annum TDS Certificate issued in Form 16-A
194 Dividend other than reffered in 115-O 10% 20% Before making the payment to shareholder -otherthan divident declared u/s 115-O, when amount exceeds Rs. 2,500/- TDS Certificate issued in Form 16-A
194-A Interest other than Interest on Securities 10% 20% In case of Bank/Post Office- the amount of interest received on Post Office Savings and Bank Deposits exceeds Rs. 10,000/- 40,000 per annum w.e.f. 01.04.2019, as amended in Budget 2019 TDS Certificate issued in Form 16-A
In case of Bank/Post Office- In case of senior citizens the total amount of interest on Saving/FD/Recurring exceeds Rs. 50,000/- per annum
In case of Others- when the amount exceeds Rs. 5,000/- per annum
194-B Income by way of Winning from lotteries, Crossward puzzles, Games etc. 30% 30% Income exceeds Rs. 10,000/- per annum TDS Certificate issued in Form 16-A
194-BB Winning from Horse Races 30% 30% Income exceeds Rs. 10,000/- per annum TDS Certificate issued in Form 16-A
194-C Payment to Contractor & Sub Contractor For Individual/HUF-1% & Other than Individual/HUF 2% 20% Amount credited or Paid, 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 TDS Certificate issued in Form 16-A
194-D Insurance Commission 5% 20% Amount credited or paid, whichever is earlier, when the amount exceeds Rs. 15,000/- per annum TDS Certificate issued in Form 16-A
194-DA Payment under Life Insurance Policy (Including Bonus) 1% 20% At the time of Payment, when the amount exceeds Rs. 1,00,000/-per annum TDS Certificate issued in Form 16-A
194-EE Payment in respect of deposit under National Saving Scheme 10% 20% Amount credited or paid, whichever is earlier, when the amount exceeds Rs. 2,500/- TDS Certificate issued in Form 16-A
194-F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India 20% 20% Amount credited or Paid, whichever is earlier TDS Certificate issued in Form 16-A
194-G Commission on Sale of Lottery Tickes 5% 20% Amount credited or Paid, whichever is earlier, when the amount exceeds Rs. 15,000/- per annum TDS Certificate issued in Form 16-A
194-H Payment of Commission or Brokerage 5% 20% Amount credited or Paid, whichever is earlier, when the amount exceeds Rs. 15,000/- per annum TDS Certificate issued in Form 16-A
194-I Rent- Plant & Machinery and Equipments etc. 2% 20% Amount credited or Paid, 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 TDS Certificate issued in Form 16-A
194-I Rent-Land & Building 10% 20% Amount credited or Paid, 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 TDS Certificate issued in Form 16-A
194-IA Payment on transfer of an immovable property other than Agricultural Land 1% 20% Amount credited or Paid, whichever is earlier, when the amount exceeds Rs. 50,00,000/- TDS Certificate issued in Form 16-B
194-IB Payment of Rent by an Individual/HUF not covered under section 194-I 5% 20% Amount credited or Paid, whichever is earlier when the payment of Rent @ 50,000/- per month TDS Certificate issued in Form 16-A
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. 10% 20% Amount credited or Paid, whichever is earlier when the amount exceeds Rs. 30,000 per annum TDS Certificate issued in Form 16-A
 



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