Home > Help Center > Tax Threshold Limits & Due Dates for FY 2019-20Last Updated: Oct 11th 2019

Tax Threshold Limits & Due Dates for FY 2019-20

Payment of taxes and Filing of returns within due date is important for any taxpayer to avoid non-compliance, interest, and penalty. There is a certain threshold for every registration and compliance. The Following are the some of the threshold limits for various compliances in India.

Tax Due Dates & Threshold Limits

Income Tax, GST, TDS Threshold Limits

  1. Threshold Limits for GST Registration:  The GST Council has enhanced the threshold limit for GST Registration w.e.f 01/04/2019. The below are the threshold limits for various types of GST registrations;


    1. GST Regular (Goods):  Threshold Limit for Registration in case of sale of goods (all over India) except persons engaged in making Supplies in the specified states is Rs. 40 lakhs
    2. GST Regular (Services):  Threshold Limit for Registration in case of Services (all over India) except persons engaged in making Supplies in Specified states is Rs. 20 lakhs
    3. GST Regular (Goods & Services- Specified States):  Threshold Limit for Registration in case of sale of Goods & Services engaged in making Supplies in the Specified states is Rs. 10 lakhs
    4. GST Composition: The below are the various threshold limits for registration under Composition Scheme

      1. For Trader, Manufacturer – Rs. 1.5 Crore
      2. For Restaurant Service – Rs. 1.5 Crore
      3. For Trader, Manufacturer – Rs. 1.5 Crore
      4. For Other Service Providers, subject to threshold limit of turnover in the preceding Financial Year Rs. 50 lakhs – Rs. 1.5 Crore

  2. Threshold Limits for GST Audit:  GST Audit is required if the registered person turnover exceeds Rs. 2 crores during the Financial year

  3. Threshold Limits for Income Tax Audit: The below are the threshold limits for a person carrying on business/profession to get audited under Income tax

    1. Person carrying on Business: If the total sales, turnover or gross receipts in business exceeds Rs. 1 Crore
    2. Person carrying on Profession: If the Gross receipts from profession exceeds Rs. 50 Lakh

  4. PF Registration: Every establishment employing 20 or more employees is required to obtain registration under EPF

  5. TDS Threshold: Any person making a payment is required to deduct Tax at the specified rates. However, there are certain thresholds for deducting TDS. The following table describes the threshold limits and rates of tax to be deducted

SectionNature of Income or ExpensesThreshold LimitTDS Rate
192Payment of Salary IncomeAs per the Income tax slab rate5/20/30 %
192 APremature withdrawal of EPF50,00010%
193Interest on Securities & Debentures

Securities-10,000,

Debentures-5,000

10%
194Dividend IncomeNot Applicable10%
194AInterest other than ‘interest on securities.
  1. ) Rs. 40,000 in case the TDS payer is banking institution
  2. Rs. 5,000 in case of others
10%
194BPrize money, Winning from lottery, crossword puzzle etc.10.70%30%
194BBWinning from horse race/JackpotRs. 10,00030%
194CPayments to contractors and sub-contractorsRs. 30000 for single Payment and Rs. 100000 for Multiple Payments1% for Individuals 2% for other deductees
194 DInsurance commissions paid by Insurance companies to its agentsRs. 15,0005%
194 HCommission or BrokerageRs. 15,0005%
194 IRenting of Land and building or furniture or fitting or Plant and MachineryRs. 2,40,000
  1. 10% for Land and Buildings, furniture or Fitting
  2. 2% for Plant and Machinery
194JRoyalty, professional or technical servicesRs. 30,00010%
194IAPayment on transfer of certain immovable property other than agricultural landRs. 50,00,0001%
194IBPayment on transfer of certain immovable property other than agricultural landRs. 50,000 per month5%

Due Dates for Filing Income Tax, GST, TDS Returns

INCOME TAX
S.NoType of ReturnFrequencyDue date
1Income Tax (Individuals, Firms and LLP without Audit)Yearly31st July of every year * For AY 19-20 – 31st Aug
2Income tax (Audit Cases and Pvt Ltd Companies)Yearly30th Sep of Every year * For AY 19-20 – 31st October
3Advance TaxQuarterlyApril to June -June 15
July to Sep -Sep 15
Oct to Dec - Jan 15
Jan to March - March 15

GST
S.NoType of ReturnFrequencyDue date
1GSTR 3B Monthly20th of next month
2GSTR 1 (if turnover Exceed rs 1.5 crore)Monthly11th of Next month
3GSTR 1 ( if Turnover is less than Rs 1.5 CroreQuarterlyApril to June -31st July
July to Sep -31st Oct
Oct to Dec - 31st Jan
Jan to March - 30th April
4CMP-08 (Composition)QuarterlyApril to June -18th July
July to Sep -18th Oct
Oct to Dec -18th Jan
Jan to March - 18th April

TDS
S.NoType of ReturnFrequencyDue date
1Deposit of TDS to GovernmentMonthly7th of Next month
2Filing of TDS ReturnQuarterlyApril to June -31st July
July to Sep -31st Oct
Oct to Dec - 31st Jan
Jan to March - 31st May
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