| Section |
Nature of Payment |
Threshold Limit of Payment |
2019 - 20 |
01-06-2017 onwards |
| 192 |
Income from Salary |
| Senior Citizen (60 Years)
|
Rs. 3,00,000
|
| Super Senior Citizen (80 Years)
|
Rs. 5,00,000
|
| Others
|
Rs. 2,50,000
|
|
Average rate of Tax + Education Cess (Surcharge if Salary > 50 Lacs)
|
Average rate of Tax + Education Cess (Surcharge if Salary > 50 Lacs)
|
| 192A
|
Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%)
|
Rs. 50,000
|
10%
|
10%
|
| 193
|
* Interest on Securities
|
Rs. 5,000
|
10%
|
10%
|
| 194A
|
Interest from a Banking Company
|
Rs. 10,000 per annum
|
10%
|
10%
|
| 194A
|
Interest other than from a Banking Company
|
Rs. 5,000 per annum
|
10%
|
10%
|
| 194A
|
Interest other than interest on securities
|
Rs. 50,000 p.a. for Senior Citizen & Rs.40,000 p.a. for others
|
10%
|
-
|
| 194B
|
Winning from Lotteries & Cross Word Puzzles
|
Rs. 10,000 per annum
|
30%
|
30%
|
| 194C
|
Transporters with valid PAN & to whom 44AE applicable
|
-
|
0%
|
0%
|
| 194C
|
Payment to Contractors; Sub-contractor; Advertising Contractors (including other transporters)
|
Rs.30,000 per contract (or)
Rs. 1,00,000 per annum
|
Individual/HUF 1%
Others 2%
|
Individual/HUF 1%
Others 2%
|
| 194D
|
Insurance Companies
|
Rs. 15,000
|
Resident:5%
Domestic
Company:10%
|
Resident:5%
Domestic
Company:10%
|
| 194DA
|
Payment under life insurance policy (including Bonus)
|
Rs.99,999 per annum
|
1%
|
1%
|
| 194E
|
Non-resident Sportman or Sports Association
|
-
|
20%
|
20%
|
| 194EE
|
Out of deposit under NSS
|
Rs.2,500
|
Individual or HUF 10%
Other NA
|
Individual or HUF 10%
Other NA
|
| 194F
|
Payment with respect to repurchase of units by Mutual Fund Companies.
|
-
|
20% for Individual or HUF
|
|
| 194G
|
Commission on Sale of Lottery Tickets
|
Rs. 15,000
|
5%
|
5%
|
| 194H
|
**Commission/Brokerage
|
Rs. 15,000 per annum
|
5%
|
5%
|
| 194-I
|
**Rent on Plant / Machinery
|
Rs. 2,40,000 per annum
|
2%
|
|
| 194-I
|
**Land or building or furniture or fitting
|
Rs. 2,40,000 per annum
|
10%
|
|
| 194-IA
|
Payment or transfer of Non -agricultural immovable property
|
Rs. 50,00,000 & above
|
1%
|
1%
|
| 194-IB
|
Rent payable by an individual or HUF not covered u/s. 194I
|
Rs.50,000 per month
|
5%
|
5%
|
| 194J
|
Fees for Professional / Technical Services
|
Rs. 30,000 per annum
|
10%
|
2% (For Call Centre)
10% (For Others)
|
| 194LA
|
Compulsory Acquisition of immovable Property
|
Rs. 2,50,000
|
10%
|
10%
|
* Only for Debenture in which the public are substantially interested
** Other than Individual or HUF except those covered u/s 44AB
TCS Rates
|
| 206C |
Scrap |
- |
1.00% |
1.00% |
| 206C |
Tendu Leaves |
- |
5.00% |
5.00% |
| 206C |
Timber obtained under a forest lease or other mode |
- |
2.50% |
2.50% |
| 206C |
Any other forest produce not being a Timber or tendu leave |
- |
2.50% |
2.50% |
| 206C |
Alcoholic Liquor for Human Consumption |
- |
1.00% |
1.00% |
| 206C |
Packing lot, toll plaza, mining & quarrying |
- |
2.00% |
2.00% |
| 206C |
Purchase of coal lignite, Iron ore by a trader |
- |
1.00% |
1.00% |
| 206C |
Sale Value of Motor vehicle whether in cheque or in any other mode of receipt |
Exceeding Rs. 10 Lakhs per transaction |
1.00% |
1.00% |