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  • Revised TDS Rates

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    sravanthi
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    The document outlines tax deduction at source (TDS) rates for various sections under the Indian Income Tax Act. It provides the existing standard TDS rates, descriptions of the TDS sections, entities the rates apply to, and the revised lower rates that will apply from May 14, 2020 until March 31, 2021 for sections 194A, 194C, 194H, 194I and 194J.

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    Revised TDS rates

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    The document outlines tax deduction at source (TDS) rates for various sections under the Indian Income Tax Act. It provides the existing standard TDS rates, descriptions of the TDS sections, entities the rates apply to, and the revised lower rates that will apply from May 14, 2020 until March 31, 2021 for sections 194A, 194C, 194H, 194I and 194J.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    14 views1 page

    Revised TDS Rates

    Uploaded by

    sravanthi
    The document outlines tax deduction at source (TDS) rates for various sections under the Indian Income Tax Act. It provides the existing standard TDS rates, descriptions of the TDS sections, entities the rates apply to, and the revised lower rates that will apply from May 14, 2020 until March 31, 2021 for sections 194A, 194C, 194H, 194I and 194J.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Revised

    standard rate
    Existing w.e.f
    TDS sections TDS sections description Entity standard rate 14.05.2020
    until
    31.03.2021

    194A interest other than interest on specific securities All entities 10.000% 7.500%
    194C payment to contractor Individual/HUF 1.000% 0.750%

    Other than
    194C payment to contractor Individual/HUF 2.000% 1.500%

    194H commission & brokerage All entities 5.000% 3.750%


    194I rent - land/building/furniture/fitting All entities 10.000% 7.500%
    194I rent - plant & machinery All entities 2.000% 1.500%
    194J professional fees All entities 10.000% 7.500%

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