Section 194a

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Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2018 Dear All,
Pls clarify what is the threshold limit for Tds deduction u/s 194A,

Also clarify we have taken business loan from Tata capital financial services ltd. Whether TDS is to be deduct on interest paid with EMI

Thanks
ASAP

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15 May 2018 Payment By Rate of TDS Threshold Limit
Other than banks 10% (If PAN is furnished) Rs 5,000
Other than banks 20% (If PAN is not furnished) Rs 5,000
Banks 10% (If PAN is furnished) Rs 10,000
Banks 20% (If PAN is not furnished) Rs 10,000
(taxadda.com/income-tax/tds-tcs/section-194a-tds-on-interest/)
Yes TDS is required to be deducted @ 10% on interest portion.

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