Tds 194c

This query is : Resolved 

24 November 2011 what is the tds rate for cont./sub cont. in 194c fy11-12.
and when we can deduct tds amount...exmption limte

24 November 2011 if the deductee is Individual or HUF : 1%


if the deductee is any other than above : 2%

Deduct TDS at the time of payment or credit , whichever is earlier.

Limit : single bill - 30000/-

Annual limit - 75000/-



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