BUSINESS DEVELOPMENT MANAGER
1697 Points
Posted on 25 June 2021
1%
TDS is deducted at 1% on the gross amount of receipt at the time of payment in cash or by the issue of cheque or a demand draft or by any other mode (whichever is earlier).
75,000; TDS shall be deducted under Section 194C at the rates mentioned above. This limit of Rs. 75,000 has been increased to Rs. 1,00,000 and effective from Financial Year 2016-17 onwards.