25 December 2009
Tds is deduction not based on turn over there is threshold limit fixed for each section deduction i.e
192 Payment of Salary and Wages TDS is deducted if the estimated income of the employee is taxable. 193 Payment of Interest on Securities Rs. 5,000/- p.a. 194-A Interest other than interest on securities Rs.10,000/- p.a. Interest from Banking Company 194-A Interest other than interest on securities Rs.5,000/- p.a. Interest other than from Banking Company 194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 194-C Payment to transport contractor / sub contractor If PAN Quoted 194-C Payment to transport contractor / sub contractor If PAN not quoted
194-H Payment of commission or brokerage to resident Rs.2,500/- p.a. 194-I Payment of Rent Rs.1,20,000/- p.a. 194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a. 194-J Payment of professional or technical services Rs.20,000/- p.a.
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