RE: TDS u/s 194A

Sir  i want to reconfirm for the following

If company has given interest on unsecured loan u/s 194A

to individual then rate of TDS to be deducted by company is

10.3% subject to Surchargeto be levied.

the said rate is correct that please confirm

if in current financial year if interest payable to indiviual is less then Rs. 5,000/- then whether company has to deduct TDS or not? please help me on that matter.

Thanks

Manoj Asher