TDS Rate Chart for AY 2020 – 21

S.No. Section Nature of Payment Exemption Limit (INR) TDS Rate
Individual/ HUF Others
1 Section 192 Salaries As per applicable income slab
2 Section 192A Premature Withdrawl from EPF 50,000 10%
3 Section 193 Interest on Securities 10,000 10% 10%
4 Section 194 Dividend 2,500 10% 10%
5 Section 194A Interest (Banks): For senior citizens, TDS will only be deducted if the interest income exceeds INR 50000 in a given financial year 40,000/50,000 10% 10%
6 Section 194A Interest Others 5,000 10% 10%
7 Section 194B Winning from Lotteries/ Puzzle/ Game 10,000 30% 30%
8 Section 194BB Winning from Horse Race 10,000 30% 30%
9 Section 194C Contractor ₹ 30,000 which is for each contract, whereas ₹ 1% 2%
10 Section 194D Insurance Commission (15G-15H Allowed) 15,000 5% 10%
11 Section 194DA Life insurance policy 100,000 1% 1%
12 Section 194EE NSS 2,500 10% 10%
13 Section 194F Re-purchase units of MFs NIL 20% 20%
14 Section 194G Commission Lottery 15,000 5% 5%
15 Section 194H Commission/ Brokerage 15,000 5% 5%
16 Section 194I Rent of Land and buliding 240,000 10% 10%
17 Section 194I Rent of Plant/ Machinery/ Equipment 240,000 2% 2%
18 Section 194IA Transfer of certain immoveable property other than agriculture land 50,00,000 1% 1%
19 Section 194IB Rent by Individual/ HUF 50,000/pm 5% 0%
20 Section 194J Professional Fees/ Technical Fees/ Etc. 30,000/ pm 10% 10%
21 Section 194J Payment to call centre operator 30,000/ pm 2% 2%
22 194LA compensation on acquisitionof certain immoveable property other than agricultural land 250,000 10% 10%
23 194M Payment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an Individual or a HUF who are not liable to deduct TDS under section 194C, 194H, or 194J. Tax shall be deducted under section 194M with effect from 1/09/2019 50,00,000 5% -
24 194N Cash withdrawal in excess of Rs. 1 crore during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office 1,00,00,000 2% 2%