TDS rate on Employement Agency and Rating agency
This query is : Resolved
06 January 2025
what is TDS rate on employment news and Rating agency Like Crisil.
06 January 2025
For employment news 2% TDS under section 194c applicable.
For rating agency 2% TDS applicable under 194JA.
For rating agency 2% TDS applicable under 194JA.
08 January 2025
CRISIL's service cannot be categorically defined under technical services. It is best to adopt 194JB @ 10% if payment/credit exceeds Rs 30,000 in a year.
02 December 2025
TDS on payments to an employment-news agency is generally deducted at 2% under Section 194C because it is treated as a contractual/advertising service. For rating agencies like CRISIL, the TDS rate depends on the nature of service; most companies deduct 2% under Section 194J (technical services), while some apply 10% under Section 194J (professional services) if the service is considered consultancy or professional in nature. The exact rate depends on the specific contract and type of service provided.
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