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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

News Section

News

27 Oct 20
CBIC: No EVC Facility of Filing GSTR 1 & GSTR 3B for Companies
BP eyes India’s fuel market, wants gas in GST
GST rate cut vital for passenger vehicle industry: Tata Motors
GST: NAA finds Alton Buildtech guilty for not passing ITC benefit to Flat Buyers, No Penalty imposed
NAA finds Alton Buildtech guilty for not passing ITC benefit to Flat Buyers, No Penalty imposed
26 Oct 20
If GST has failed, revert to old tax system: Uddhav Thackeray
UT Dept. directs the Excise and Taxation department to submit a report on Tax Defaulters
GST: Delhi Govt. notifies recent changes in Reverse Charge Mechanism on renting of Motor Vehicles
Govt. issues directions for Interest Waiver: Scheme for grant of ex-gratia payment
GST fraud: Govt cracks down on over 100 fake firms for illegally claiming returns
25 Oct 20
GST Officials Arrest Person for Trading Fake Invoice, Generating ITC Worth Rs 52.19 Crore
CBDT extends due date of furnishing of Income Tax Returns and Audit Reports
CBIC withdraws EVC facility extended to companies for filing GSTR-1 and GSTR-3B
24 Oct 20
Income Tax (23rd Amendment) Rules, 2020: CBDT amends manner of Investment in Provident Fund under Rule 67
Grant of GST Registration only after Physical Verification of Business place if Aadhaar Authentication isn’t done: Delhi Govt.
CBIC extends due dates for GST Annual Return (GSTR-9) and Reconciliation Statement ( GSTR-9C) for 2018-19
20 Oct 20
New Deductions for Interest on Electric Vehicle & Affordable Housing Loans in FY 2019-20
New Changes in GST RFD 01 Form Announced by Delhi Govt Officials
GST: Activity of bodybuilding on Truck Chassis is a Supply of Service, rules AAR
12% GST applicable on Composite Supply of Works Contract for Construction, Erection, Commissioning, or installation of original works pertaining to Metro, says AAR
Extend due date GSTR-9/9C filing: Bombay High Court asks How Govt. intends to resolve it for the public good
19 Oct 20
Consideration received on Bandwidth Services provided outside India is not taxable as ‘Royalty’ under India-Singapore Tax Treaty: ITAT
Taxpayers advised to claim newly inserted Deductions under Income Tax Return filing 2019-20
Raise GST borrowing to Rs 1.83 trillion, Kerala CM writes to FM Sitharaman
18 Oct 20
Search Operation Started in Delhi, NCR & Haryana by CBDT Officials
FM in letter urges Opposition states to accept Centre’s GST plan
Delhi Government appoints class of GST Officers
17 Oct 20
Govt. notifies GST Exemption on Satellite launch services to encourage domestic launch
GST Evasion: Delhi Court refuses to grant Bail to alleged Kingpin of operating various fake and non-existent firms
12% GST on Works Contract Service received from Contractors in developing residential Housing Project: AAR
CBIC extends the time limit for furnishing the details of outward supplies in FORM GSTR-1
16 Oct 20
GST: Rajasthan HC grants bail to persons accused of wrongful availment of ITC by creating fake firms
No disallowance of non-deduction of TDS for expenses incurred on trade offers provided to distributors: ITAT grants relief to Nokia
Finance Ministry opens Special Window to States for meeting the GST Compensation Cess shortfall
Private Hospitals Demand to Reduce GST Rate of COVID-19 Testing Kit
Council of Income Tax Gazetted Officers Association to Enhance the Debate
15 Oct 20
All About LTC (Leave Travel Concession) Cash Voucher Scheme.
GST: Center Allows 20 States to Borrow Money & Other May Discuss Anytime
GST deadlines coming up: Why October 2020 is significant for mandating crucial GST Compliances?
Explained | Why GST Council cant arrive at a consensus on compensation issue
No TDS on Rent If Accommodation Services were taken on Casual Basis: ITAT
14 Oct 20
J&K Makes Record of Highest GST Revenue Collection in Sep 2020
States willing to borrow need not wait for GST Council decision, says govt official
Aftermath of Monday’s meeting
Modi govt allows 20 states to borrow even as shortfall issue stays unresolved at GST Council
GST Compensation Shortfall: Twenty States allowed to mobilize Rs.68,825 cr
13 Oct 20
18% GST Applicable on Rent of E-bikes & Bicycles without an Operator
GST Council still divided on States’ compensation
Central Govt. announces LTC cash voucher scheme to stimulate consumer spending to boost economy during COVID-19
Customs Officers will now be empowered to amend any document to conduct Faceless Assessment of Bills of Entry: CBIC
Key takeaways from the GST Council meet on October 12

Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
30 Oct 20 furnishing of challan-cum-statement in respect of tax deducted u/s 194-IA in month of September 2020
30 Oct 20 Due date for furnishing of challan-cum-statement in respect of tax deducted u/s 194-IB in month of September 2020
31 Oct 20 Filing of GSTR-1 for the quarter Jul-Sep, 2020
31 Oct 20 Quarterly statement of TDS deposited for the quarter ending September 30, 2020
07 Nov 20 Payment of TDS of October 2020 (For Govt deductors paying through challan)
10 Nov 20 Return of TDS (Tax deducted at source) with payment of tax (GSTR-7) for the month of October 2020
10 Nov 20 Statement by e-commerce operator with tax (GSTR-8) for the month October 2020
11 Nov 20 Filing of GSTR-1 for the month of Oct, 2020
13 Nov 20 Filing of GSTR-6 for input service distributor for the month of Oct 2020
14 Nov 20 Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2020.
14 Nov 20 Due date for issue of TDS Certificate for tax deducted under Section 194-IB in the month of September, 2020
15 Nov 20 P.F Payment for the month of October 2020
15 Nov 20 ESIC Payments for the month of October 2020
15 Nov 20 furnishing of Form 24G by an office of Government where TDS for m/o Oct 20 has been paid without production of a challan
15 Nov 20 Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 2020
20 Nov 20 Filing of GSTR-5 for Non-resident foreign taxpayer for the month of Oct 2020
20 Nov 20 GST Return for NRI OIDAR service provider for the month of Oct 2020 (GSTR 5A)
30 Nov 20 furnishing of challan-cum-statement in respect of tax deducted u/s 194-IA in month of October 20
30 Nov 20 Due date for furnishing of challan-cum-statement in respect of tax deducted u/s 194-IB in month of October 2020
07 Dec 20 Payment of TDS of November 2020 (For Govt deductors paying through challan)
10 Dec 20 Statement by e-commerce operator with tax (GSTR-8) for the month November 2020
10 Dec 20 Return of TDS (Tax deducted at source) with payment of tax (GSTR-7) for the month of November 2020
11 Dec 20 Filing of GSTR-1 for the month of Nov, 2020
13 Dec 20 Filing of GSTR-6 for input service distributor for the month of November 2020
15 Dec 20 Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of October, 2020.
15 Dec 20 Due date for issue of TDS Certificate for tax deducted under Section 194-IB in the month of October, 2020
15 Dec 20 P.F Payment for the month of November 2020
15 Dec 20 ESIC Payments for the month of November 2020
15 Dec 20 furnishing of Form 24G by an office of Government where TDS for m/o Nov 20 has been paid without production of a challan
20 Dec 20 Filing of GSTR-5 for Non-resident foreign taxpayer for the month of Nov 2020
20 Dec 20 GST Return for NRI OIDAR service provider for the month of November 2020 (GSTR 5A)
30 Dec 20 furnishing of challan-cum-statement in respect of tax deducted u/s 194-IA in month of November 2020
30 Dec 20 Due date for furnishing of challan-cum-statement in respect of tax deducted u/s 194-IB in month of November 20
07 Jan 21 Payment of TDS of December 2020 (For Govt deductors paying through challan)
10 Jan 21 Return of TDS (Tax deducted at source) with payment of tax (GSTR-7) for the month of December 2020
10 Jan 21 Statement by e-commerce operator with tax (GSTR-8) for the month December 2020
11 Jan 21 Filing of GSTR-1 for the month of Dec, 2020
13 Jan 21 Filing of GSTR-6 for input service distributor for the month of December 2020
14 Jan 21 Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of November, 2020.
15 Jan 21 P.F Payment for the month of December 2020
15 Jan 21 ESIC Payments for the month of december 2020
15 Jan 21 furnishing of Form 24G by an office of Government where TDS for m/o Dec 20 has been paid without production of a challan
15 Jan 21 Submission of Forms No. 15G, 15H, 27C for the quarter ending 31st December 2020
18 Jan 21 Filing of CMP-08 for the quarter Oct-Dec 2020
20 Jan 21 Filing of GSTR-5 for Non-resident foreign taxpayer for the month of Dec 2020
20 Jan 21 GST Return for NRI OIDAR service provider for the month of Dec 2020 (GSTR 5A)
Readmore...

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