TDS returns

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A person who is required to deduct tax while making the payments to the vendor for supplies under different section of the Income Tax Act, 1961. For example, if a person is making payment of commission in that case he is required to deduct TDs under Section 194H and shall deposit to the government exchequer.

Such person is required to file return for the amount deducted as TDS in form 26Q in the manner prescribed. A person liable to deducted TDS has to file TDS return by the due date prescribed in the law. In accordance with the provisions of the Income Tax Act, 1961, following provisions mandates the deduction of TDS :



S.no Section Nature of Income Amount over which TDS to be deducted Rate of TDS
(For FY 2019-20)
If PAN is available If PAN is not available
1 192 Salary to be seen as per slab Average Rate 30%
2 192A Payment of accumulated balance due of Employees’ Provident Fund if accumulated balance is more than 50000 10% 42.744%
3 193 Interest on securities 10,000 10% 20%
4 194 Dividend other than of 115-O 2,500 10% 20%
5 194A Interest other than interest on securities
– Interest received from Bank 40,000 10% 20%
– Interest received from others 5,000
6 194B Income by way of winnings from lotteries Puzzles 10,000 30%
7 194BB Income by way of winnings horse race 10,000 30% 30%
8 194C Payment to contractors/ Subcontractors 30000 one
individual/HUF 1% Others 2% 20%
100000 in
whole year
9 194D Insurance Commission 15,000 Other than company 5%
Company 10%
10 194DA payment under Life Insurance Policy 100,000 5% 20%
11 194E Payment to NR Sports Person No Limit 20% 20%
12 194EE Payment from National Savings Scheme 2,500 10% 20%
13 194F Payments on account of repurchase of units by Mutual Fund No Limit 20%
14 194G Commission on sale of lottery tickets 15,000 5% 20%
15 194H Payment of Commission or Brokerage 15,000 5% 20%
16 194H Payment of rent
– For Land, building or furniture. 2,40,000 10% 20%
– For plant and machinery or equipment 2%
17 194 IA Payment on transfer of certain immovable property other than agricultural land 5,000,000 1% 20%
18 194 IB Payment of rent by individual/HUF other than those covered under 44AB 50000 p.m 5% 20%
19 194 iC Payment of Consideration (not being in kind) under Joint Development Agreement No Limit 10% 20%
20 194 iC Fees for professional or technical services
– Normally in all cases 10%
3– person engaged only in the business of operation of call center (w.e.f 01/06/2017) 30,000 2% 20%
21 194LA Payment of compensation on acquisition of certain immovable property 250,000 10% 20%
22 194LB Income by way of interest from infrastructure debt fund to a non-resident or Foreign Co. No Limit 5% 20%
23 194LBA Certain income from units of a business trust
– Payment to resident No Limit 10% 20%
– Payment to Non-resident 5% 20%
24 194LBB Income in respect of units of investment fund
– Payment to resident No Limit 10% 20%
– Payment to Non-resident 30%
25 194LC Income by way of interest from Indian company No Limit 5% 20%
26 194LD Income by way of interest on certain bonds and Government securities No Limit 5% 20%
Particulars Form No. Frequency of Certificate
TDS certificate in respect of tax deducted on salary Form No. 16 Annually
TDS certificate in respect of tax deducted on payments other than salary Form No. 16A Quarterly
TCS certificate Form No. 27D Quarterly

TDS Due Date of F.Y 2019-20 (Assessment Year 2020-21) for Return Filling:

Quarter Period Last Date of Filling
1st Quarter 1st April to 30th June 31st July 2019
2nd Quarter 1st July to 30th September 31st Oct 2019
3rd Quarter 1st October to 31st December 31st Jan 2020
4th Quarter 1st January to 31st March 31st May 2020

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