Tds on contract (194c)

194c(1)  for contract singal traction 30,000  1% for HUF/INDIVIUAL ,2% for others

                                      IN year  75,000 or more  same as above

194c(2) sub contactor / Advt same as above

without pan card 20% for all

TDS on contractor applicable when total invoice amount above Rs. 30000/- or agreegate amount 75000/- in a year.

TDS  on Individual and HUF @ 1% and on company 2%.
 

TDS not applicable on Transporter.

For all type of tds rate please download attachment file.

or visit tdsratechart.com

Hey thanks for the information.

But does it mean that overall limit of Rs. 75000/- for the whole year does not apply from F Y 2012-13.

yaaa if your year bill is more than Rs 75000 tha it ll deduct and less than that no dedution but if your singale bill amount is more than 30000 than u have to deduct

yes during the year if amount exceeds Rs.75000/- by payment or credited TDS will be applicable on contractor

When you purchase the bill more than 75000 than it ll be applicable

Tds For 194 C section FY - 2012 -13

Individual - 1%

Firm / Company - 2%