19 December 2012
If the payment is making as salary then section 192 and limit for non deduction of TDS is basic exemption limit. In case the payment is paying as contract basis then section 194C and the limit for non deduction of TDS is for single payment Rs.30000 for aggregate Rs.75000.
19 December 2012
In case the Security Guard is/are the employees of the assessee concern, TDS is deductible on Salary U/s 192. Limit -Per Person 2.00 Lac. (assuming that any Guard is not having any other income.) . In case, payment is being made to an agency, providing such services, TDS on the payments /Credit made to the Agency is deductible U/s 194C. Limit: For a single Payment 30000/- For Total Payments in a year 75000/-. .
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