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/ Published in INCOME TAX

TDS Rate Chart for FY2020-21 Applicable for Non-Resident of India (NRIs)

ParticularsTDS Rate (%)TDS Rates from 01.04.2020 to 13.05.2020TDS Rates from 14.05.2020 to 31.03.2021
Section 192: Payment of Salary Section 192A: Premature withdrawal from EPFNormal Slab Rate 10Normal Slab Rate 10Normal Slab Rate 10
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort303030
Section 194BB: Income by way of winnings from horse races303030
Section 194E: Payment to non-resident sportsmen/sports association202020
Section 194EE: Payment in respect of deposits under National Savings Scheme10  1010
Section 194F: Payment on account of repurchase of a unit by Mutual Fund or Unit Trust of India202020
Section 194G: Commission, etc., on sale of lottery tickets5  55
Section 194LB: Payment of interest on infrastructure debt fund555
Section 194LBA: Income from units of business trust – interest received or receivable from a special purpose vehicle; or – dividend referred to in sub-section (7) of section 115-O5 105 105 10
Section 194LBC: Income in respect of investment in securitization fund303030
Section 194LC: Payment of interest by an Indian Company or a business trust in respect of money borrowed in foreign currency under a loan agreement or by way of issue of long-term bonds (including long-term infrastructure bond)555
Section 194LD: Payment of interest on rupee denominated bond of an Indian Company or Government securities to a Foreign Institutional Investor or a Qualified Foreign Investor555
Section 194N: Payment of a certain amount in cash (Limit 1 Crore)222
Section 194N: Payment of certain amount in cash (first proviso of section 194N)if- –  The amount is more than Rs.20 lakh but up to Rs. 1 crore–22
S 194N –  The amount exceeds Rs. 1 crore (Applicable from 01.07.2020)–55
Section 195: Payment of any other sum to a Non-resident   
a) Income in respect of investment made by a Non-resident Indian Citizen202020
b) Income by way of long-term capital gains referred to in Section 115E in case of a Non-resident Indian Citizen101010
c) Income by way of long-term capital gains referred to in sub-clause (iii) of clause (c) of sub-section (1) of Section 193101010
d) Income by way of short-term capital gains referred to in Section 111A151515
e) Any other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of Section 10]202020
f) Income by way of interest payable by Government or an Indian concern on money borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in Section 194LB or Section 194LC202020
g) Income by way of royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of a copyright in any book on a subject referred to in the first proviso to sub-section (1A) of Section 115A of the Income-tax Act, to the Indian concern, or in respect of any computer software referred to in the second proviso to sub-section (1A) of Section 115A of the Income-tax Act, to a person resident in India101010
h) Income by way of royalty [not being royalty of nature referred to in sub-item (b)(i)(F)] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy101010
i) Income by way of fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy101010
j) Any other income303030
Section 196A: Income in respect – of units of a Mutual Fund specified under clause (23D) of section 10; or -from the specified company referred to in the Explanation to clause (35) of section 10202020
Section 196B: Income from units (including long-term capital gain on transfer of such units) to an offshore fund101010
Section 196C: Income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR)101010
Section 196D: Income of Foreign Institutional Investors from securities (not being a dividend or capital gain arising from such securities)202020
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