18 July 2016
TDS is to be deduted as per section 194C if,
1. Amount of any single sum credited or paid exceed Rs. 30,000 2. Aggregate amount of such sums credited or paid exceed and likely to exceeds Rs. 75,000 (Rs. 1 Lakh from financial year 2016-17).
1% in case of Individual & HUF and 2% in case of others.