Financial Year 2020-2021

Nature of Payment Made To Residents	Threshold(Rs.)	Company / Firm /Co-operative Society /Local Authority	Individual / HUF	Company / Firm / Co-operative Society / Local Authority	Individual / HUF	If No / Invalid PAN	Non residents other than company (if income between Rs. 50 lakh and Rs. 1 Crore)	Non residents other than company (if income exceeds Rs. 1 Crore and Rs 2 crore)	Non residents other than company (if income exceeds Rs. 2 Crore and Rs 5 crore)	Non residents other than company (if income exceeds Rs. 5 Crore)	Non resident companies (if income is between Rs.1 Crore and 10 Crore)	Non resident companies if income is greater than Rs.10 Crore	Surcharge on Coperative Society & Firms in case of Non-Residents(if income exceeds Rs. 1 crore)
Section - Description	Threshold(Rs.)	IT Rate (%) From 1-Apr-2020 to 13-May-2020	IT Rate (%) From 1-Apr-2020 to 13-May-2020	IT Rate (%) From 14-May-2020 to 31-Mar-2021	IT Rate (%) From 14-May-2020 to 31-Mar-2021	IT Rate (%)	Surcharge Rate (%)	Surcharge Rate (%)	Surcharge Rate (%)	Surcharge Rate (%)	Surcharge Rate (%)	Surcharge Rate (%)	Surcharge Rate (%)
192A - Payment of accumulated balance due to an employee.(applicable from 01.06.2015)	50,000	-	10	-	10	30	10	15	25	37	-	-	-
193 - Interest on securities	10,000	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194 - Dividends	5,000	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194A - Interest other than interest on securities - Others	5,000	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194A -Banks / Co-operative society engaged in business of banking / Post Office	40,000	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194A - Senior citizen	50,000	-	10	-	7.5	20	-	-	-	-	-	-	-
194B - Winning from Lotteries	10,000	30	30	30	30	30	10	15	25	37	2	5	12
194BB - Winnings from Horse Race	10,000	30	30	30	30	30	10	15	25	37	2	5	12
194 C - Payment to Contractors	1,00,000	2	1	1.5	0.75	20	-	-	-	-	-	-	-
194IC- Payment under Specified agreement	-	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194D - Insurance Commission	15,000	10	5	10	3.75	20	-	-	-	-	-	-	-
194DA - Payment in respect of life insurance policy (applicable from 01.10.2014)	1,00,000	5	5	3.75	3.75	20	-	-	-	-	-	-	-
194E - Payment to Non-Resident Sportsmen or Sports Association	-	20	20	20	20	20	10	15	25	37	2	5	12
194EE - Payments out of deposits under NSS	2,500	10	10	7.5	7.5	20	10	15	25	37	2	5	12
194F - Repurchase Units by MFs	-	20	20	15	15	20	10	15	25	37	2	5	12
194G - Commission - Lottery	15,000	5	5	3.75	3.75	20	10	15	25	37	2	5	12
194H - Commission / Brokerage	15,000	5	5	3.75	3.75	20	-	-	-	-	-	-	-
194I - Rent 194I(b)-Land and Building/Furniture/Fittings	2,40,000	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194I(a) Plant/Machinery/Equipment	2,40,000	2	2	1.5	1.5	20	-	-	-	-	-	-	-
194IA - Transfer of certain immovable property other than agriculture land (w.e.f. 1-6-2013)	50,00,000	1	1	0.75	0.75	20	-	-	-	-	-	-	-
194J - Fees for Professiona/Technical Services	30,000	10 - Others 2 - Engaged in business of operation of call centre	10 - Others 2 - Engaged in business of operation of call centre	7.5 -Others 1.5 - Engaged in business of operation of call centre,FTS,Certain Royalties.	7.5 - Others 1.5 - Engaged in business of operation of call centre,FTS,Certain Royalties.	20	-	-	-	-	-	-	-
194K - Payment of Dividend by Mutual Funds (Applicable From 01-Apr-2020)	5,000	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194LA - Immovable Property	2,50,000	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194LB - Income by way of interest from infrastructure debt fund (non-resident)	-	5	5	5	5	20	10	15	25	37	2	5	12
194LBA - Certain income from units of a business trust to Residents :-
194LBA (a) - Certain Income in the form of interest from units of a business trust to a residential unit holder	-	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194LBA (b) - Certain Income in the form of dividend from units of a business trust to a resident unit holder	-	10	10	7.5	7.5	20	-	-	-	-	-	-	-
194LBA - Certain income from units of a business trust to Non Resident :-
194LBA (1) - Payment of the nature referred to in Section 10(23FC)(a)	-	5	5	5	5	20	10	15	25	37	2	5	12
194LBA (2) - Payment of the nature referred to in Section 10(23FC)(b)	-	10	10	10	10	20	10	15	25	37	2	5	12
194LBA (3) - Payment of the nature referred to in section 10(23FCA) by business trust to unit holders	-	40% - For Non Residents Company 30% - For Non Residents other than companies	30%	40% - For Non Residents Company 30% - For Non Residents other than companies	30%	30/40	10	15	25	37	2	5	12
Sec 194LBB-Income in respect of units of investment fund.	-	10% - For Residents 40% - For Non Residents Company 30% - For Non Residents other than companies	10% - For Residents 30% - For Non Resident	7.5% - For Residents 40% - For Non Residents Company 30% - For Non Residents other than companies	7.5% - For Residents 30% - For Non Resident	20/30/40	10	15	25	37	2	5	12
Sec 194LBC- Income in respect of investment in securitisation trust.	-	30% - For Residents 40% - For Non Residents Company 30% - For Non Residents other than companies	25% - For Residents 30% - For Non Resident	22.5% - For Residents 40% - For Non Residents 30% - For Non Residents other than companies	18.75% - For Residents 30% - For Non Residents	20/30/40	10	15	25	37	2	5	12
Sec 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 (applicable from July 1, 2012)	-	5 or 4* * In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC	5 or 4* * In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC	5 or 4* * In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC	5 or 4* * In case where interest is payable in respect of Long-term Bond or Rupee Denominated Bond listed on recognised stock exchange located in IFSC	20	10	15	25	37	2	5	12
194LD- Interest on certain bonds and govt. Securities(from 01-06-2013)	-	5	5	5	5	20	10	15	25	37	2	5	12
194N-Payment of certain amounts in cash.	Withdrawl Excess 1 cr.	2	2	2	2	20	-	-	-	-	-	-	-
194NF-Payment of certain amounts in cash to non-filers	1. Withdrawl Exceed 20 Lac but does not exceed 1 cr. 2. Withdrawl Excess 1 cr.	-	-	2% - Exceed 20 Lac but does not exceed 1 cr. 5%-Withdrawl in Excess of Rs. 1 cr.	2% - Exceed 20 Lac but does not exceed 1 cr. 5%-Withdrawl in Excess of Rs. 1 cr.	20%	-	-	-	-	-	-	-
194O- TDS on e-commerce participants (Applicable From 01-Oct-2020)	5,00,000 (Individual /HUF)	1	1	0.75	0.75	20	-	-	-	-	-	-	-
195 - Other Sums	-	-	-	Average rates as applicable	-	30	10	15	25	37	2	5	12
196A-Foreign comp unit holder of MF	-	* 20 * Not Applicable for company	20	* 20 * Not Applicable for company	20	20	10	15	25	37	2	5	12
196B - Income from units	-	10	10	10	10	20	10	15	25	37	2	5	12
196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)	-	10	10	10	10	20	10	15	25	37	2	5	12
196D - Income of FIIs from securities	-	20	20	20	20	20	10	15	25	37	2	5	12
194M - Payment of certain sums by certain individuals or Hindu undivided family (1st Sep, 2019 onwards)	5000000	5 (upto 13th May 2020) 3.75 (14th May 2020 onwards)	5 upto 13th May 2020) 3.75 (14th May 2020 onwards)