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                                          Revised TDS Rates Chart Covid has left the entire world in a panic situation. Government is announcing bunch of measures to pump liquidity in the market. Through Press release on Revised   TDS rates   post Covid on May 13 th , 2020, CDBT announced Revised TDS rates and TCS for certain sections. Please do note that all sections rates are not reduced. For the benefit of our readers, we have summarized complete revised TDS Rates applicable for FY 2020-21 (AY 2021-22) effective May 14 th , 2020.   (COVID TDS Rates). New TDS Rates For Assessment year 2021-22: TDS Details Reduced TDS Rates (in %) (AY 2021-22)   effective May 14 th , 2020 Earlier TDS Rates (in %) (AY 2021-22) 1 where the person is resident in India- Section 192 : Payment of salary No Changes Normal Slab Rate/New Reduced Slab Rate Sectio...

                                                     TDS compliances are the most common yet most important compliance for the business world. Every year during the finance budget government announces the TDS rates which shall be applicable for the coming Financial Year. Due to the changing economic scenario and other factors, the government introduces a few new sections or amends certain existing sections. The Finance Act 2020 has introduced below new TDS sections/key amendments in TDS Sections which the business enterprise must be aware of: TDS Details Section Name TDS Rates (in %) (AY 2021-22) Expert Remarks TDS on Mutual Fund Income 194K 10% TDS on E-Commerce Transactions 194O 1% (5% in case of no PAN given to E-commerce operator) Applicable to All E-Commerce Companies ...