TDS / TCS RATES FOR F.Y.2021-22 (Non Residents)

Section Nature of Payment   Threshold Limit of Payment Rates
192  Income from Salary Rs. 2,50,000  Average rate of Tax +  Health & Education Cess (Surcharge if Salary > 50 Lacs)
192A Premature Withdrawal from EPF (wef 01.06.2015) (*If PAN not furnished Rate of TDS at Maximum Mariginal Rate of 34.608%) Rs. 50,000
Non-Resident 10%
Foreign Company- NA
194B Winning from Lotteries or Cross Word Puzzles or card game Rs. 10,000 per annum 30%
194BB Winnings from horse races Rs. 10,000 per annum 30%
194E Non-resident Sportman/entertainer or Sports Association   20%
194EE Out of deposit under NSS Rs.2,500
Non-Resident 10%
Foreign Company- NA
194F Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India  
Non-Resident 20%
Foreign Company- NA
194G Commission on Sale of Lottery Tickets Rs. 15,000 5%
194LB Payment of interest on infrastructure debt fund to Non Resident 5%
194LBA (2) Payment by Business trust to unit holders of the nature referred to in  section 10(23FC)(a)     5%
194LBA (2) Payment by Business trust to unit holders of the nature referred to in section 10(23FC)(b)   10%
194LBA (3) Payment of nature referred to in section 10(23FCA) by by Business trust to unit holders
Non-Resident 30%
Foreign Company 40%  
194LBB Investment fund paying an income to a unit holder  [other than income which is exempt under Section 10(23FBB)]  
Non-Resident 30%
Foreign Company 40%
194LBC(2) Income in respect of investment made in a securitisation trust  
Non Resident 30%
Foreign Company 40%  
194LC Income by way of interest by an Indian specified company or business trust to a non-resident/foreign company on foreign currency approved loan / long-term bonds from outside India 5%  
194LC Income by way of interest by an Indian specified company or business trust on rupee denominated bond / any long-term bonds from outside India, which is listed only on a recognized stock exchange located in any International Financial Services Centre 4%
194LD Payment of interest on rupee denominated bond of an Indian Company or Government securities  5%  
194N TDS on cash withdrawal from Bank, Post office etc. i) in excess of Rs. 1 crore                                       2%  
194N TDS on cash withdrawal from Bank, Post office etc. ii) in excess of Rs. 20 lakhs* (* for those persons who have not filed return of income (ITR) for three previous years immediately preceding the previous year in which cash is withdrawn, and the due date for filing ITR under section 139(1) has expired) 
2% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 20 lakhs during the previous year
5% from the amount withdrawn in cash if the aggregate of the amount of withdrawal exceeds Rs. 1 crore during the previous year 
195 Long Term Capital Gains u/s 115E or section 112(1)(c)(iii) 10%
195 Long Term Capital Gains u/s 112A 10%
195 Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 112A)  20%
195  Short Term Capital Gains u/s. 111A  15%
195  Dividend Income  20%
195  Interest income payable by Government / Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency (not being interest referred to in section 194LB or 194LC) 20%
195 Investment income from Foreign Exchange Assets
Non-Resident 20%
Foreign company- NA
195 Royalty us 115A(1A) payable by Government or Indian concern in pursuance of agreement made after March 31,1976 10%
195 Royalty where agreement is made after March 31,1961 but before April 1, 1976
Non-Resident 10%
Foreign company- 50%
195 Royalty where agreement is made on or after April 1,1976 10%
195 Fees for Technical services where agreement is made after February 29,1964 but before April 1, 1976
Non-Resident 10%
Foreign company- 50%
195 Fees for Technical services where agreement is made on or after April 1, 1976 10%
195 Any Other Income
Non-Resident 30%
Foreign company- 40%
196A Income in respect of units on non-resident/ foreign company 20%
196B Income from units (including long-term capital gain on transfer of such units) to an offshore fund 10%
196C Interest income from foreign currency bonds or GDR of an Indian company (including long-term capital gain on transfer of such bonds or GDR) 10%
196D Income of foreign Institutional Investors from securities (not being dividend or capital gain arising from such securities) 20%

 

 

TCS Rates (Non Residents & Foreign Companies)

Section Nature of Payment Threshold Limit of Payment Rates
206C (1) Sale of Scrap   1.00%
206C (1) Sale of Tendu Leaves   5.00%
206C (1) Sale of Timber obtained under a forest lease or other mode   2.50%
206C (1) Sale of Any other forest produce not being a Timber or tendu leave   2.50%
206C (1) Sale of Alcoholic Liquor for Human Consumption   1.00%
206C Sale of Indian made for foreign liquor   1.00%
206C (1C) Parking lot, toll plaza, mining & quarrying   2.00%
206C (1) Sale of Minerals or coal lignite, Iron ore by a trader   1.00%
206C (1F) Sale Value of Motor vehicle whether in cheque or in any other mode of receipt Exceeding Rs. 10 Lakhs per transaction 1.00%
206C Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh in a financial year if remitted amount is out of loan obtained from any financial institution u/s 80E for the purpose of pursuing any education     0.5% (applicable from 01.10.2020)
206C Foreign remittance through Liberalised Remittance Scheme (LRS) of exceeding Rs. 7 Lakh  in any other case   5% (applicable from 01.10.2020)
206C Selling of overseas tour package   5% (applicable from 01.10.2020)
206C  Sale of goods (Other than those being exported) of value exceeding Rs. 50 Lakh in previous year whose total Sale/ gross receipts / turnover from business exceeds Rs 10 Crore during immediately financial year Rs. 50 Lakhs   0.1% (applicable from 01.10.2020)
Note :- 
TCS on non-Filers of ITR under section206CCA(applicable w.e.f 01.07.2021) Higher of Twice the rate specified or rate of 5%

 

 

Type of Payment Surcharge Rates Health and Education Cess (4.00%)
Payments to Non-Residents      
Payment to Non-Residents (other than Cos)
Up to Rs. 50 lakh
More than Rs. 50 lakh but up to Rs. 1 crore
More than Rs. 1 crore but upto 2 crore
More than Rs. 2 crore but upto 5 crore
More than Rs. 5 crore
Nil
10%
15%
25%
37%
Yes
Yes
Yes
Yes
Yes
Payments to Foreign Co.
Upto 1cr
> 1 Crore
> 10 Crore
Nil
2%
5%
Yes
Yes
Yes

 

Notes 
Surcharges & Education Cess
Type of Payment Surcharge Rates Health and Education Cess (4.00%)
Payments to Non-Residents      
Payment to Non-Residents (other than Cos)
Up to Rs. 50 lakh
More than Rs. 50 lakh but up to Rs. 1 crore
More than Rs. 1 crore but upto 2 crore
More than Rs. 2 crore but upto 5 crore
More than Rs. 5 crore
Nil
10%
15%
25%
37%
Yes
Yes
Yes
Yes
Yes
Payments to Foreign Co.
Upto 1cr
> 1 Crore
> 10 Crore
Nil
2%
5%
Yes
Yes
Yes

 

 Interest for failure to deduct tax at source/delay in payment of TDS
Stage of deduction

Rate per month or part of the month

From date when deductible till actual deduction 1.00%
From date of deduction till payment 1.50%
 
     
   
 
Event Calender
<2021 June>
MTWTFSS
3112
Event Date : 02/06/2021
ActApplicable formObligations
Goods and Services TaxCMP-08Payment of tax for Q4 of 20-21 for taxpayers under Composition Scheme. Interest @ 9% pa applicable wef 4.5.21.
34
Event Date : 04/06/2021
ActApplicable formObligations
Goods and Services TaxGSTR-3BSummary Return cum Payment of Tax for April for turnover above 5cr without late fee but with interest @ 9% pa.
Goods and Services TaxGSTR-3BSummary Return cum Payment of Tax for April for turnover upto 5cr without late fee & interest.
56
789
Event Date : 09/06/2021
ActApplicable formObligations
Goods and Services TaxPMT-06Deposit of GST of April under QRMP scheme.
10
Event Date : 10/06/2021
ActApplicable formObligations
Goods and Services TaxGSTR-7Monthly Return by Tax Deductors for May.
Goods and Services TaxGSTR-8Monthly Return by e-commerce operators for May.
111213
Event Date : 13/06/2021
ActApplicable formObligations
Goods and Services TaxGSTR-6Monthly Return of Input Service Distributor for May.
141516171819
Event Date : 19/06/2021
ActApplicable formObligations
Goods and Services TaxGSTR-3BSummary Return cum Payment of Tax for Mar for turnover upto 5cr without late fee but with interest @ 9%
20
Event Date : 20/06/2021
ActApplicable formObligations
Goods and Service TaxGSTR-3BSummary Return cum Payment of Tax for May by Monthly filers. (other than QRMP) without applying Rule 36(4).
21
Event Date : 21/06/2021
ActApplicable formObligations
Goods and Services TaxGSTR-3BSummary Return of Jan-Mar quarter by Quarterly filers without late fee but interest @ 9% pa in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.
2223
Event Date : 23/06/2021
ActApplicable formObligations
Goods and Services TaxGSTR-3BSummary Return of Jan-Mar quarter by Quarterly filers without late fee but interest @ 9% pain Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh,Chandigarh or Delhi.
2425
Event Date : 25/06/2021
ActApplicable formObligations
Goods and Service TaxPMT-06Deposit of GST of May under QRMP scheme.
26
Event Date : 26/06/2021
ActApplicable formObligations
Goods and Services TaxGSTR-1Monthly return of Outward Supplies for May. (other than QRMP)
27
28
Event Date : 28/06/2021
ActApplicable formObligations
Goods and Services TaxIFFOptional Upload of B2B invoices, Dr/Cr notes for May under QRMP scheme.
2930
Event Date : 30/06/2021
ActApplicable formObligations
Equalisation LevyForm 1Efiling of Annual Statement of Equalisation Levy for 2020-21. (Google Tax/Tax on Digital Ads by service recipient on payments above 1 lac to a foreign service provider)
Goods and Services TaxITC-04Return for March quarter of Goods sent to or received from job-worker.
Goods and Services Tax-Filing of Application for Revocation of Cancellation where due date of filing of such application is between 15.4.21 to 29.6.21.
Goods and Services TaxGSTR-5 & 5AMonthly Return by Non-resident taxable person for March
Goods and Services TaxGSTR-5 & 5AMonthly Return by Non-resident taxable person for April.
Goods and Services TaxGSTR-6Monthly Return of Input Service Distributor for April.
Goods and Services TaxGSTR-7Monthly Return by Tax Deductors for April.
Goods and Services TaxGSTR-8Monthly Return by e-commerce operators for April
Goods and Services TaxGSTR-7Monthly Return by Tax Deductors for May.
Goods and Services TaxGSTR-8Monthly Return by e-commerce operators for May.
Goods and Service TaxGSTR-5 & 5AMonthly Return by Non-resident taxable person for May.
Foreign Trade (Development and Regulation) Act-Updation or confirmation of IEC details for 2021-22 between 1.4.21 to 30.6.21. Non-compliance to result in deactivation of IEC code.
Goods and Service TaxGSTR-6Monthly Return of Input Service Distributor for May.
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