TDS Rate Chart for Financial Year 2018-19 (Assessment Year 2019-20)
tds rate chart FY 2018-19 and AY 2019- 20.
TDS rates chart for the assessment year 2019-20 / financial year 2018-19. Tax deduction rate for FY 2018-19 / AY 2019-20. Latest Tds rate with all amendments. tds rate chart for fy 2018-19 and ay 2019- 20.
As per the Income Tax law, a person (deductor) is required to deduct a tax at source when he is liable to make a payment of specified nature and such deducted amount shall be require to be deposit into the account of central government. The person (deductee) whose income tax has been deducted at source (tds) is entitled to take credit of such deduction in his income tax return on the basis of Form 26AS and tds certificate issued by the deductor.
The deductor is required to deduct tax at source for the Finanial year 2018-19 at the following rates:
TDS rate/slab for FY 2018-19 / AY 2019-20:
check updated tds rate chart FY 2018-19 and AY 2019- 20.
| Section | Nature of Payment | When to deduct TDS | Threshold limit | TDS Rate | |
| |
Individual/HUF | Others | |||
| 192 | Salary payment | every month- when the payment of salary made and the estimated total salary for the year exceeds basic exemption limit for that financial year. | – |
|
|
| 192A | Payment of accumulated balance of provident fund (as per employees provident fund and miscellaneous provisions act 1952), which is taxable in the hands of the employee | Rs 50000 | 10% | – | |
| 193 | Interest on securities | at the time of credit of interest or at the time of payment of such interest, whichever is earlier
(See Notes also)* |
Rs 10000 | 10% | 10% |
| i. any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act | |||||
| ii. any debentures issued by a company where such debentures are listed on a recognized stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder | |||||
| iii.any security of the Central or State Government
(8% Savings (Taxable) Bonds, 2003 and 7.75% Saving (Taxable) Bonds, 2018) |
|||||
| iv. interest on any other security | |||||
| 194 | Dividend (no deduction for dividend referred in section 115-O) | before making payment in respect of any dividend or before making any distribution or payment to a shareholder | Rs 2500 | 10% | 10% |
| 194A | Interest other than “Interest on securities” | at the time of credit of interest or at the time of payment of such interest, whichever is earlier
(See Notes also)* |
Bank – Rs 10000
Others – Rs 5000
|
10% | 10% |
| 194B | Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort | at the time of payment of such winning amount | Rs 10000 | 30% | 30% |
| 194BB | Income by way of winning from horse races | at the time of payment of such winning amount | Rs 10000 | 30% | 30% |
| 194C | Payment made to contractors and sub contractors | for single transaction – Rs 30000
During the F.Y – Rs 100000 |
1% | 2% | |
| 194D | Insurance Commission | at the time of credit or at the time of payment, whichever is earlier | Rs 15000 | 5% | 10% |
| 194DA | Payment is respect of life insurance policy | at the time of payment | Rs 100000 | 1% | 1% |
| 194E | Non-Resident Sportsmen or Sports Association | at the time of credit or at the time of payment, whichever is earlier | – | 20% | 20% |
| 194EE | Payment in respect of deposit under National saving scheme | at the time of credit or at the time of payment, whichever is earlier | Rs 2500 | 10% | 10% |
| 194F | Repurchase of unit by Mutual Fund or UTI | at the time of credit or at the time of payment, whichever is earlier | – | 20% | 20% |
| 194G | Commission on sale of lottery tickets | at the time of credit or at the time of payment, whichever is earlier | Rs 15000 | 5% | 5% |
| 194H | Commission or brokerage | at the time of credit or at the time of payment, whichever is earlier | Rs 15000 | 5% | 5% |
| 194I | Rent | at the time of credit or at the time of payment, whichever is earlier | |||
| I. Plant & Machinery | Rs 180000 | 2% | 2% | ||
| ii. Land or building or Furniture or fitting | Rs 180000 | 10% | 10% | ||
| 194IA | Payment on transfer of certain immovable property other than agriculture land | at the time of credit or at the time of payment, whichever is earlier | Rs 50 Lakh | 1% | 1% |
| 194IB | Rent payable by Individual/HUF not liable to tax audit | TDS shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of tenancy, if the property is vacated during the year, as the case may be, to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier. | Rs 50000/per month | 5% | – |
| 194J | Professional Fees/ Technical Fees /Royalty/Remuneration or Fee or Commission to a director/ Fee for not carrying out any activity in relation to any business/ Fee for not sharing any know-how, patent, copyright etc | at the time of credit or at the time of payment, whichever is earlier | Rs 30000 | 10% | 10% |
| Payment to Call Centre Operator | Rs 30000 | 2% | 2% | ||
| 194LA | Payment of Compensation on transfer of certain immovable property other than agricultural land |
Rs 250000 | 10% | 10% | |
| 194LB | Income by way of interest from infrastructure debt fund (non-resident) |
at the time of credit or at the time of payment, whichever is earlier | – | 5% | 5% |
| 194LBA(1) | distribution of 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 by it or income referred in section 115UA , to its unit holders by the business trust (Resident) | at the time of credit or at the time of payment, whichever is earlier | – | Resident- 10%
(See Notes also) |
Domestic Company – 5%
(See Notes also) |
| 194LBA(2) | distribution of 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 by it or income referred in section 115UA , to its unit holders by the business trust (Non -Resident) | at the time of credit or at the time of payment, whichever is earlier | – | Non Resident- 5%
(See Notes also) |
Foreign Company – 5% |
| 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 |
at the time of credit or at the time of payment, whichever is earlier | – | 5% | 5% |
| 194LD | Interest on certain bonds and Govt. Securities |
at the time of credit or at the time of payment, whichever is earlier | – | 5% | |
| 194LBC
(Resident) |
Income in respect of investment in securitization trust | at the time of credit or at the time of payment, whichever is earlier | 25% | 30% | |
| (Non -Resident) | Income in respect of investment in securitization trust to Non resident and foreign company | at the time of credit or at the time of payment, whichever is earlier | 10% | 40% | |
| 1945
(Non – Resident) |
Payment of any other sum to a Non-resident
(See notes also) |
||||
| i. income from investment | 20% | see notes | |||
| ii. income from long-term capital gains referred to in Section 115E | 10% | see notes | |||
| iii. long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-Section (1) of Section 112 | 10% | 10% | |||
| iv. long-term capital gains as referred to in Section 112A | 10% | 10% | |||
| v. short-term capital gains referred to in Section 111A | 15% | 15% | |||
| vi. other long-term capital gains | 20% | 20% | |||
| vii. interest | 20% | 20% | |||
| viii. royalty | 10% | 10% | |||
| ix. other royalty
(See notes also) |
10% | see notes | |||
| x. technical services | 10% | see notes | |||
| xi. other income | 30% | 40% | |||
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Notes: For more details on tds rate chart fy 2018-19 and ay 2019- 20. – click here