Section of tds deduction
This query is : Resolved
12 July 2012
Company hired car with driver for own employees of Rs. 18000/- per month. In which section TDS will be deducted, 194I or 194C
12 July 2012
Section 194C will be applicable.
Rate:
Individual/HUF @1%
Others @2%
No PAN 20%
Threshold Limit:
Annual Payment Rs 75000/- p.a.
Single Bill Rs 30000/-
In your case threshold limit will be crossed so deduct TDS at the applicable rates.
Rate:
Individual/HUF @1%
Others @2%
No PAN 20%
Threshold Limit:
Annual Payment Rs 75000/- p.a.
Single Bill Rs 30000/-
In your case threshold limit will be crossed so deduct TDS at the applicable rates.
Message likes :
1 times
12 July 2012
section 194c applicable . but 194i applicable for only rent
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