Section |
Nature of Payment |
AY 2019-20 |
AY 2020-21 |
||||
Threshold Limit (₹) |
Individual / HUF (%) |
Others (%) |
Threshold Limit (₹) |
Individual/ HUF (%) |
Others (%) |
||
192 |
Salaries |
Slab rates |
Slab rates |
NA |
Slab rates |
Slab rates |
NA |
192A |
Premature withdrawal from EPF |
50,000 per annum |
10 |
NA |
50,000 per annum |
10 |
NA |
193 |
Interest on securities |
10,000 per annum |
10 |
10 |
10,000 per annum |
10 |
10 |
194A |
Interest (Banks, co-operative society and post office) |
10,000 per annum (₹50,000 for Senior Citizen) |
10 |
10 |
40,000 per annum (₹50,000 for Senior Citizen) |
10 |
10 |
Interest (Others) |
5,000 per annum |
10 |
10 |
5,000 per annum |
10 |
10 |
|
194B |
Payment of prize from winnings of lotteries |
10,000 per annum |
30 |
30 |
10,000 per annum |
30 |
30 |
194BB |
Payment of prize from winnings from horse race |
10,000 per annum |
30 |
30 |
10,000 per annum |
30 |
30 |
194C |
Contractor – Single Transaction |
30,000 |
1 |
2 |
30,000 |
1 |
2 |
Contractor – Aggregate during the year |
100,000 |
1 |
2 |
100,000 |
1 |
2 |
|
Transporter covered u/s. 44AE furnishing declaration with PAN (owning more than 10 carriages) |
₹ 30,000 single Bill and ₹1,00,000 aggregate bills during year |
1 |
2 |
₹ 30,000 single Bill and ₹1,00,000 aggregate bills during year |
1 |
2 |
|
194D |
Payment of Insurance commission to agents |
15,000 per annum |
5 |
10 |
15,000 per annum |
5 |
10 |
194DA |
Payment in respect of maturity of life insurance policy by life insurance company |
1,00,000 per annum |
1 |
1 |
1,00,000 per annum |
1 |
1 |
194E |
Payment to NRI sportsperson by any person or organisation |
— |
20 |
20 |
– |
20 |
20 |
194EE |
Payment of deposit under National Saving Scheme |
2,500 per annum |
10 |
10 |
2,500 per annum |
10 |
10 |
194F |
Payment in respect of repurchase of units by Mutual Fund Companies |
— |
20 |
20 |
— |
20 |
20 |
194G |
Payment of lottery commission |
15,000 per annum |
5 |
5 |
15,000 per annum |
5 |
5 |
194H |
Commission / Brokerage |
15,000 per annum |
5 |
5 |
15,000 per annum |
5 |
5 |
194-I |
Rent of Land and Building, Furniture & Fittings |
1,80,000 per annum |
10 |
10 |
2,40,000 per annum |
10 |
10 |
Rent of Plant / Machinery / Equipment |
1,80,000 per annum |
2 |
2 |
2,40,000 per annum |
2 |
2 |
|
194-IA |
Transfer of certain immovable property other than agriculture land |
50,00,000 per annum |
1 |
1 |
50,00,000 per annum |
1 |
1 |
194-IB |
Rent payable by Individual / HUF (not covered under 194-I) to resident |
50,000 per month |
5 |
NA |
50,000 per month |
5 |
NA |
194J |
Professional Fees other than call centres |
30,000 per annum |
10 |
10 |
30,000 per annum |
10 |
10 |
Payment to Call Centre Operator (w.e.f. |
30,000 per annum |
2 |
2 |
30,000 per annum |
2 |
2 |
|
194LA |
Compensation on transfer of certain immovable property than Agriculture Land |
2,50,000 per annum |
10 |
10 |
2,50,000 per annum |
10 |
10 |
Rates for Tax Deduction at Source for A.Y. 2019-20 and A.Y. 2020-21
This is the hardest period, but hold fast; in the end the gain is sure if you have patience.
— Swami Vivekananda