TDS on payment to CHA as per new section


This query is : Resolved 

03 July 2026 Dear Experts
As per section 393(6)(ii) of income Tax Act. 2025, has threshold limit to 50 lacs and tds rate 2% been revised even if deductor is individual and service received on contract.

Pls confirm

04 July 2026 Yes, as per sec. 393(6)(ii) ... Tax to be deducted at source by individual deductor [Any person, being an individual or Hindu undivided family [other than those required to deduct income-tax as per Sl. No. 6(i) and (iii) or Sl. No. 1(ii)]..... on Payments to contractors, fees for professional and technical services, etc..... is at 2% rate with Threshold limit: Fifty lakh rupees.


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