TDS - 194C

Deduct tax on whole amount of Rs. 165000. If deductee is company @ 1.75% and if deductee is individual @ .75% till March'21 otherwise TDS rate are 2% and 1% respectively.

Sorry read 1.50% in place of 1.75%.

When provisions of section 194C of the Income Tax Act gets attracted, the Deductor is required to deduct TDS at the following rates –

ParticularsRate of TDSPayment made / credited to an individual or HUF1%Payment made / credited to a person other than an individual or HUF2%

However, in case the PAN is not furnished, the Deductor would be liable to deduct TDS @ 20% i.e. at the maximum marginal rate.