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TMI BlogRate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2020-21X X X X Extracts X X X X X X X X Extracts X X X X ..... , listed debentures of a company(other than demat form), any other interest on securities 193 Interest on other Securities 10% 7.5% ₹ 10,000 in case of 8% Savings (Taxable) Bonds, 2003 ₹ 10,000 in case of 7.75% Savings (Taxable) Bonds, 2018 during the financial year 194 Dividend 10% 7.5% ₹ 5,000 194A Interest (Other Interest on Securities) 10% 7.5% (a) ₹ 40,000/- where the payer is a banking company (FA, 2019) (b) ₹ 40,000/- where the payer is a co-operative society engaged in carrying on the business of banking; (FA, 2019) (c) ₹ 40,000/- on any deposit with post office under any scheme framed by the Central Government and notified by it in this behalf; and (FA, 2019) (d) ₹ 5,000/- in any other case (e) For a senior citizen, the threshold limit will be ₹ 50,000/- (FA, 2019) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.75% ₹ 15,000 194I Rent on land, building or furniture 10% 7.5% ₹ 1,80,000 194I Rent on plant, machinery or equipment 2% 1.5% ₹ 2,40,000 (FA, 2019) 194IA Payment / credit of consideration to a resident transferor for transfer of immovable property (other than rural agricultural land) [w.e.f. 1.6.2013] 1% 0.75% ₹ 50,00,000 194IB Payment of rent by certain individuals or Hindu undivided family. [w.e.f. 1.6.2017] 5% 3.75% ₹ 50,000 194IC Payment under specified agreement [Joint Development agreement u/s 45(5A) ] [w.e.f. 1.6.2017] 10% 7.5% 194J (i)Payment for Professional Fees/Royalty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 30% 7.5% 40% - 194LBC Income in respect of investment in securitization fund -Individual/HUF Resident Non-Resident -Company Resident Non-Resident -Other Person Resident Non-Resident 25% 30% 30% 40% 30% 30% 18.75% 30% 22.5% 40% 22.5% 30% 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 [Rate+ SC+HEC] 5% 5% 194LC Income by way of interest by an Indian specified company on rupee denominated bond / any long-term bonds from outside India, which is listed only on a recognized stock exchange located in any International Financial Services Centre. [Rate+ SC+HEC] 5% 5% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - of units of a Mutual Fund specified under clause (23D) of section 10; or - from the specified company referred to in the Explanation to clause (35) of section 10 20% 20% 196B Income from units to an offshore fund 10% 10% 196C Income from foreign currency bonds or GDR of an Indian company 10% 10% 196D Income of foreign Institutional Investors from securities (not being dividend or capital gain) 20% 20% 1. Surcharge: 1.1 No Surcharge on TDS in case of payment is made to Resident or Domestic Company [Other than salary] 1.2 Non Resident Individual / HUF/AOP/BOI / Artificial Jurisdical Personal Add Surcharge - 10% if income paid or likely to be paid exceeds ₹ 50 Lakhs but does not exceed 1 Crores Add Surcharge - 15% if income paid or likely to be paid exceeds ₹ 1 Crores ..... X X X X Extracts X X X X X X X X Extracts X X X X
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