TDS Rate Chart FY 2018-19 (AY 2019-20)

TDS Rate Chart for Financial Year 2018-19 (Assessment Year 2019-20)

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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.


no specified rate but total tax deducted in whole the year shall be equal or more than total income tax payable by the employee on salary.

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%

note: Charteredkid.com does not guarantee the content on this page, actual rates, sections and applicability etc may got amended.

Notes: For more details on tds rate chart  fy 2018-19 and ay 2019- 20. – click here

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