How much deduction in 194c.
Company and non-company
The rate of TDS u/s. 194C
| S. No | Nature of Payment | TDS Rate if PAN available | TDS Rate if PAN not available |
|---|---|---|---|
| 1 | Payment / Credit to resident individual or HUF | 1% | 20% |
| 2 | Payment/Credit to any resident person other than individual / HUF | 2% | 20% |
| 3 | Payment/ credit to Transporters | NIL | 20% |
Note:- No Surcharge, Education Cess and SHEC shall be added. Hence, TDS shall be deductible at basic rates.
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