Tds on sponsorship to individual person for meet competition

M.Shanmugasundaram (Accounts) (234 Points)

28 December 2016  

Dear Sir,

Our company is properitorship company. 

We paid  Rs.98000/- by cheque to individual sports person for his individual expenses (meet sports competition).

TDS is applicable for this payment ?

If applicable, what is the TDS Rate..?

Thanking You,

M.Shanmugasundaram