Tds under section 194

What is the rate of TDS u/s 194A?

Hey @Dia_malhotra

As per section 194A, TDS on interest other than interest on securities is required to be deducted by any person other than Individual or HUF at the rate of 10%, when paid to a resident. No surcharge, education cess or SHEC shall be added to the above rate.

Hope this helps!


Which services are covered under section 194J and what is the limit to deduct TDS u/s 194J?

Hey @HarishMehta

TDS u/s 194J needs to be deducted by deductor other than an individual or a HUF, @ 10% on any amount paid or payable to any which is in excess of INR 30,000 as:

  1. Fees for professional services
  2. Fees for technical services
  3. Any remuneration or fees or commission by whatever name called paid to a director ( other than salary)
  4. Royalty
  5. Any sum referred to in clause (VA) of section 28.

Hope this helps!