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Important Changes in TDS Chart: Section No. Description Cutoff Rate of TDS Examples

The document outlines important changes made to the TDS chart in India. Sections 194I, 194A, 194J, 194H, 194C, 192, 194M, and 194N of the TDS chart saw changes to the cutoff amounts and tax deduction rates for various payments like rent, interest, professional fees, commissions, payments to contractors, PF withdrawal, and cash withdrawals. The changes are effective from April 1, 2019.

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Daljeet Singh
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147 views1 page

Important Changes in TDS Chart: Section No. Description Cutoff Rate of TDS Examples

The document outlines important changes made to the TDS chart in India. Sections 194I, 194A, 194J, 194H, 194C, 192, 194M, and 194N of the TDS chart saw changes to the cutoff amounts and tax deduction rates for various payments like rent, interest, professional fees, commissions, payments to contractors, PF withdrawal, and cash withdrawals. The changes are effective from April 1, 2019.

Uploaded by

Daljeet Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Important Changes In TDS Chart

Section no. Description Cutoff Rate of TDS Examples


Rent of
Office rent /godown rent/guesthouse
Land and Building or 10%
rent
Furniture 180000 P.A 240000 P.A.
194I
(From 1 April 2019)
Others like Plant and Generator rent, machinery hire
2%
Machinery charges

10000 P.A. 40000 P.A. Savings bank interest not covered,


Interest paid by Banks
194A (From 1 April 2019) 10% only interest on fixed deposits and
on FD/RD
(For Senior citizens 50000) recurring deposits covered

Interest on loan taken from banks or


financial institutions not covered, only
Interest paid by Others
194 A 5000 p.a 10% interest on loan from
on Loan etc
friends/relatives/related companies
covered

Audit fees/Bills of professionals like


Professional CA/CWA/CS, or technical service
194J Service/Technical/Royalt 30000 p.a 10% providers or consultancies covered.
y/Non Compete fees Employees on contract which are
white collared covered here

194H Commission/Brokerage 5000 p.a 15000 10% 5% Commission to broker/sales agent etc

Payment to directors Sitting fees to director/any payment


194J(1)(b)(a) 0 10%
other than salary other than salary

On purchase of property more than 50


Purchase of Immovable
194 IA 5000000 1% lacs, buyer has to deduct 1% and pay
property
balance to party

All other services like payment to


1% for Individual
Security guard/courier/maintenance
30000 Single Contract and HUF (2% For
agency/cab
194C Payment to Contractors Others like
service/advertisement/employees on
or100000 annual Partnership,
contract which do blue collared or
Company)
manual work like peon/driver etc

If we withdraw our PF for before 5


Withdrawal of Pf before 5
192 30000 50000 10% years, then Pf department deduct
Years
10% TDS.
Individual receives a bill of
Payment to resident
advertisement charges for Rs.
194M contractors and 50 Lac 0.05
5200000, TDS will be deducted 5% on
professionals
5200000
A person has an account in ICICI
Bank.He has already withdrawn Rs.
194N Tds on cash withdrawls Rs 1 Crore 0.02
99 lakh, He further withdraws Rs. 1
lakh, TDS will be deducted 2%

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