| 192 |
Income
from Salary
|
Senior
Citizen (60 Years)
|
Rs.
3,00,000
|
Average
rate of Tax + Health & Education Cess (Surcharge if Salary
> 50 Lacs) |
|
Super
Senior Citizen (80 Years)
|
Rs.
5,00,000 |
| Others |
Rs.
2,50,000 |
| 192A |
Premature
Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS
at Maximum Mariginal Rate of 34.608%)
|
Rs.
50,000
|
10% |
| 193 |
*
Interest on Securities
|
Rs.
10,000 |
10%
&
(7.5% from 14/05/2020 to 31/03/2021) |
| 194 |
Dividend—
Dividend other than the dividend as referred to in Section 115-O
|
|
10%
&
(7.5% from 14/05/2020 to 31/03/2021) |
| 194A |
Interest
from a Banking Company
|
Rs.
40,000 per annum /Rs. 50,000 per annum for Senior citizen |
10%
&
(7.5% from 14/05/2020 to 31/03/2021) |
| 194A |
Interest
other than from a Banking Company
|
Rs.
5,000 per annum |
10%
&
(7.5% from 14/05/2020 to 31/03/2021) |
| 194B |
Winning
from Lotteries & Cross Word Puzzles
|
Rs.
10,000 per annum |
30% |
| 194BB |
Winnings
from horse races |
Rs.
10,000 per annum |
30% |
| 194C |
Payment
to contractor/sub-contractor |
Rs.30,000
per contract (or)
Rs. 1,00,000 per annum
|
Individual/HUF
1% Others 2% &
(Individual/HUF 0.75% , Others 1.5% from 14/05/2020 to 31/03/2021) |
| 194D |
Insurance
Commision |
Rs.
15,000
|
Resident:5%
& ( 3.75% from 14/05/2020 to 31/03/2021)
Domestic Company:10% & ( 7.5% from 14/05/2020 to 31/03/2021) |
| 194DA
|
Payment
under life insurance policy (including Bonus)
-
With effect from September 1, 2019 : 5% of the amount of income
comprised in payment
|
Rs.1,00,000
per annum
|
1%
5%
&
(3.75% from 14/05/2020 to 31/03/2021)
|
| 194E |
Non-resident
Sportman or Sports Association
|
-
|
20% |
| 194EE |
Out
of deposit under NSS
|
Rs.2,500 |
Individual
or HUF 10%
& (7.5% from 14/05/2020 to 31/03/2021) |
| Other
NA |
|
| 194F |
Payment
on account of repurchase of unit by Mutual Fund or Unit Trust of India |
|
20%
&
(15% from 14/05/2020 to 31/03/2021) |
| 194G |
Commission
on Sale of Lottery Tickets
|
Rs.
15,000
|
5%
&
(3.75% from 14/05/2020 to 31/03/2021) |
| 194H |
**Commission/Brokerage |
Rs.
15,000 per annum
|
5%
&
(3.75% from 14/05/2020 to 31/03/2021) |
| 194-I(a) |
**Rent
on Plant / Machinery |
Rs.
2,40,000 per annum |
2%
&
(1.5% from 14/05/2020 to 31/03/2021)
|
| 194-I(b) |
**Land
or building or furniture or fitting
|
Rs.
2,40,000 per annum |
10%
&
(7.5% from 14/05/2020 to 31/03/2021) |
| 194-IA |
Payment
or transfer of Non -agricultural immovable property |
Rs.
50,00,000 & above |
1%
&
(0.75% from 14/05/2020 to 31/03/2021) |
194-IB
|
Rent
payable by an individual or HUF not liable to tax audit
|
Rs.50,000
per month
|
5% &
(3.75% from 14/05/2020 to 31/03/2021)
|
194-IC
|
Payment
of monetary consideration under Joint Development Agreements |
-
|
10%
&
(7.5% from 14/05/2020 to 31/03/2021) |
194J
|
Fees
for Professional / Technical Services
|
Rs.
30,000 per annum
|
2%
(For Call Centre) &
(1.5% from 14/05/2020 to 31/03/2021) |
10%
(For Others) &
(7.5% from 14/05/2020 to 31/03/2021) |
194-K
194LA
|
Payment
of dividend by mutual funds
Compulsory
Acquisition of immovable Property |
.
Rs 2,50,000
|
10%
&
(7.5% from 14/05/2020 to 31/03/2021)
10% &
(7.5% from 14/05/2020 to 31/03/2021) |
| 194LBA(1) |
Business
trust shall deduct tax while distributing, any interest received or
receivable by it from a SPV or any income received from renting or
leasing or letting out any real estate asset owned directly by it, to
its unit holders. |
- |
10%
&
(7.5% from 14/05/2020 to 31/03/2021) |
| 194LBB(i) |
Investment
fund paying an income to a unit holder [other than income which is
exempt under Section 10(23FBB)] |
-
|
10%
& (7.5% from 14/05/2020 to 31/03/2021)
Invalid PAN 20%
Non-Resident 30%
Foreign Company 40% |
| 194LBC(1) |
Income
in respect of investment made in a securitisation trust |
-
|
Individual/HUF
25% &( 18.75% from 14/05/2020 to 31/03/2021)
Other 30% & (22.5% from 14/05/2020 to 31/03/2021)
Foreign Company 40% |
| 194M |
TDS
on payment to resident contractors and professionals (other than those
who covered u/s 194C or 194J) by individual/HUF not liable for tax
audit. |
Rs.
50 lacs |
5%
(w.e.f 01.09.2019) &
(3.75% from 14/05/2020 to 31/03/2021) |
194N
194-O |
TDS
on cash withdrawal from Bank, Post office etc.
Tds on
E-commerce participants |
i)
in excess of Rs. 1 crore
ii)
in excess of Rs. 20 lakhs*
*
for those persons who have not filed return of income (ITR) for three
previous years immediately preceding the previous year in which cash is
withdrawn, and the due date for filing ITR under section 139(1) has
expired. The deduction of tax under this situation shall be at the rate
of:
a)
2% from the amount withdrawn in cash if the aggregate of the amount of
withdrawal exceeds Rs. 20 lakhs during the previous year; or
b)
5% from the amount withdrawn in cash if the aggregate of the amount of
withdrawal exceeds Rs. 1 crore during the previous year.
|
i).
2%
ii). 2% or 5% ( from 01/07/2020)
(0.75%
w.e.f 01/10/2020 to 31/03/2021)
|
*
Only for Debenture in which the public are substantially interested
**
Other than Individual or HUF except those covered u/s 44AB
TCS
Rates
|
| 206C |
Scrap
|
-
|
1.00%
&
(0.75% from 14/05/2020 to 31/03/2021) |
| 206C |
Tendu
Leaves
|
-
|
5.00%
&
(3.75% from 14/05/2020 to 31/03/2021) |
| 206C |
Timber
obtained under a forest lease or other mode
|
-
|
2.50%
&
(1.875% from 14/05/2020 to 31/03/2021) |
| 206C |
Any
other forest produce not being a Timber or tendu leave
|
-
|
2.50%
&
(1.875% from 14/05/2020 to 31/03/2021) |
| 206C |
Alcoholic
Liquor for Human Consumption
|
-
|
1.00% |
| 206C |
Parking
lot, toll plaza, mining & quarrying
|
-
|
2.00%
&
(1.5% from 14/05/2020 to 31/03/2021) |
| 206C |
Purchase
of coal lignite, Iron ore by a trader |
- |
1.00%
&
(0.75% from 14/05/2020 to 31/03/202 |
206C
206C
|
Sale
Value of Motor vehicle whether in cheque or in any other mode of receipt
Sale of any other goods
|
Exceeding Rs. 10 Lakhs per transaction
|
1.00%
&
(0.75% from 14/05/2020 to 31/03/2021)
(0.075% w.e.f 01/10/2020 to 31/03/2021)
|