TDS deduction rate if applicable

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Quick Summary
When making payments to an individual for services like filling land with soil, the applicable TDS deduction rate is typically 2% under Section 194C. This rate is generally applied even if the individual provides their PAN card. However, it's worth noting that 1% TDS might be applicable in certain specific cases involving individuals, though 2% is the more common rate for contractual payments.

12 June 2024 we setup a new company and filled the land with soil. now we make a payment to that individual person so which rate of tds deduction is applicable

12 June 2024 Deduct 2% TDS under section 194c.

21 June 2024 if a person gives me a PAN card rate is also 2 %

21 June 2024 1% TDS applicable in case of individual.


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