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.	–	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