TDS Rates Chart for FY 2018-19 and AY 2019-20

By Kanika Sharma

( 8.23K Views) November 11, 2018

Any person who is making payment of any income to any other person required to deduct tax at source and deposit the same to the account of Central Government within the stipulated time.

Here is a chart for your quick reference regarding the rates of TDS applicable for Financial year 2018 – 2019 (or Assessment Year 2019 – 2020). The below charts is divide into four sections that is:

TDS rates for persons resident in India
TDS rates for persons not resident in India
TDS rates for a domestic company
TDS rates for a company other than domestic company

TDS rates for Persons Resident in India

Section No.	Particulars	TDS Rates (%)
192	Payment of salary	Normal slab rate
192A	Payment of accumulated balance of provident fund which is taxable in the hands of an employee.	10
193	Interest on Securities 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: any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; any security of the Central or State Government; interest on any other security	10
194	Payment of Dividend other than those dividends which are exempt in the hands of shareholders.	10
194A	Income by way of interest other than “Interest on Securities” However, interest upto Rs 50,000 earned by senior citizens on: Deposit with banks Deposit with post offices FD/ RD schemes Will be exempt from TDS	10
194B	Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort	30
194BB	Income by way of winnings from horse races	30
194C	Payment to contractor/sub-contractor by HUF/Individuals Others	1 2
194D	Insurance Commission	5
194DA	Payment in respect of life insurance policy	1
194EE	Payment in respect of deposit under National Savings scheme	10
194F	Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India	20
194G	Commission, etc., on sale of lottery tickets	5
194H	Commission or brokerage	5
194I	Rent on Plant & Machinery Land or building or furniture or fitting	2 10
194IA	Payment on transfer of certain immovable property other than agricultural land	1
194IB	Payment of rent by individual or HUF not liable to tax audit (applicable from 1^st June, 2017)	5
194IC	Payment of monetary consideration under Joint Development Agreements	10
194J	Any sum paid by way of Fee for professional services, Fees for technical services, Royalty, Remuneration/fee/commission to a director or For not carrying out any activity in relation to any business For not sharing any know-how, patent, copyright etc. Further, from 1st June, 2017 the TDS rate would be 2% in case of payee engaged in business of operation of call center.	10
194LA	Payment of compensation on acquisition of certain immovable property However, from 1^st April, 2017 no TDS shall be deducted on any payment which is exempt from levy of income-tax under Right to Fair Compensation Act, 2013.	10
194LBA	Certain income distributed by a business trust to its unit holder	10
194LBB	Investment fund paying an income to a unit holder other than those which are exempt in the hands of unit holder	10
194LBC	Income in respect of investment made in a securitisation trust	25% in case of individual/HUF 30% in case of others
	Any other income	10

TDS rates for Persons Non-Resident in India

Section No.	Particulars	TDS Rates (%)
192	Payment of salary	Normal slab rate
192A	Payment of accumulated balance of provident fund which is taxable in the hands of an employee.	10
194B	Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort	30
194BB	Income by way of winnings from horse races	30
194E	Payment to non-resident sportsmen/ sports association	20
194EE	Payment in respect of deposits under National Saving Scheme	10
194F	Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India	20
194G	Commission, etc., on sale of lottery tickets	5
194LB	Payment of interest on infrastructure debt fund	5
194LBA(2)	Business trust shall deduct TDS at the time of distributing any interest income received or receivable by it from a SPV to its unit holders	5
194LBA(3)	Business trust shall deduct TDS at the time of distributing any income received from renting or leasing out any real estate asset owned directly by it to is unit holders	30
194LBB	Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].	30
194LBC	Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)	30
194LC	Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)	5
194LD	Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor	5
195	Payment of any other sum to a Non-resident:
	Income in respect of investment made by a Non-resident Indian Citizen	20
	Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen	10
	Income by way of long-term capital gains referred to in Section 112(1)(c)(iii)	10
	Income by way of long-term capital gains as referred to in Section 112A	10
	Income by way of short-term capital gains referred to in Section 111A	15
	Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses 10(33), 10(36) and 112A	20
	Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)	20
	Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a person resident in India	10
	Income by way of royalty [not being royalty of the nature referred to point g) above E] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy	10
	Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy	10
	Any other income	30
196B	Income from units (including long-term capital gain on transfer of such units) to an offshore fund	10
196C	Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)	10
196D	Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)	20

TDS rates for Domestic Company

Section No.	Particulars	TDS Rates (%)
193	Interest on Securities: 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; any debentures issued by a company where such debentures are listed on a recognised stock exchange in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; any security of the Central or State Government; interest on any other security	10
194	Dividend	10
194A	Interest Income other than “Interest on securities”	10
194B	Income from winnings from lotteries, crossword puzzles, card games and other games of any sort	30
194BB	Income by way of winnings from horse races	30
194C	Payment to contractor/sub-contractor: HUF/Individuals Others	1 2
194D	Insurance Commission	10
194DA	Payment in respect of life insurance policy	1
194EE	Payment in respect of deposit under National Savings scheme	10
194F	Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India	20
194G	Commission, etc., on sale of lottery tickets	5
194H	Commission or brokerage	5
194I	Rent on Plant & Machinery Land or building or furniture or fitting	2 10
194IA	Payment on transfer of certain immovable property other than agricultural land	1
194IC	Payment of monetary consideration under Joint Development Agreements	10
194J	Any sum paid by way of Fee for professional services, Fees for technical services, Royalty, Remuneration/fee/commission to a director or For not carrying out any activity in relation to any business For not sharing any know-how, patent, copyright etc. 1st Further, from June, 2017 the TDS rate would be 2% in case of payee engaged in business of operation of call center.	10
194LA	Payment of compensation on acquisition of certain immovable property ^stfrom 1However, April, 2017 no TDS shall be deducted on any payment which is exempt from levy of income-tax under Right to Fair Compensation Act, 2013.	10
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
194LBB	Investment fund paying an income to a unit holder other than those which are exempt in the hands of unit holder	10
194LBC	Income in respect of investment made in a securitisation trust	10
	Any other income	10

TDS rates for a company other than Domestic Company

Section No.	Particulars	TDS Rates (%)
194B	Income from winnings from lotteries, crossword puzzles, card games and other games of any sort	30
194BB	Income by way of winnings from horse races	30
194E	Payment to non-resident sports association	20
194G	Commission, etc., on sale of lottery tickets	5
194LB	Payment of interest on infrastructure debt fund	5
194LBA(2)	Business trust shall deduct TDS at the time of distributing any interest income received or receivable by it from a SPV to its unit holders	5
194LBA(3)	Business trust shall deduct TDS at the time of distributing any income received from renting or leasing out any real estate asset owned directly by it to is unit holders	40
194LBB	Investment fund paying an income to a unit holder [other than income which is exempt under Section 10(23FBB)].	40
194LBC	Income in respect of investment made in a securitisation trust (specified in Explanation of section115TCA)	40
194LC	Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)	5
194LD	Payment of interest on rupee-denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor	5
195	Payment of any other sum:
	Income by way of long-term capital gains referred to in Section 112(1)(c)(iii)
	Income by way of short-term capital gains referred to in Section 111A
	Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of Section 10]
	Income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC)
	Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such royalty is in consideration for the transfer of all or any rights (including the granting of a license) in respect of a copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income Tax Act, to the Indian concern or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income Tax Act, to a person resident in India
	Income by way of royalty [not being royalty of the nature referred to in sub-item (b)(iv)] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy— where the agreement is made after the 31st day of March, 1961 but before the 1st day of April, 1976. where the agreement is made after the 31st day of March, 1976	50 10
	Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy— where the agreement is made after the 29th day of February, 1964 but before the 1st day of April, 1976. where the agreement is made after the 31st day of March, 1976 Any other income	50 10 40
196B	Income from units (including long-term capital gain on transfer of such units) to an offshore fund	10
196C	Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)	10
196D	Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities)	20