Tds on honorarium

Yes TDS need to deducted us 194J

www.mytaxfiling.in

info @ mytaxfiling.in

if the bill value exceeds Rs30000/= tds under 194J

thank you sir.

thank you sir.

by saying 'the bill value", do you mean a single payment or total payment during the year?

Yes, if total payment to an individual for the year exceeds Rs.30,000/- then TDS to be deducted @ 10% as per section 194J

if the total honorarium payment during the year exceeds 30000 or payment to a single person exceeds 30000, tds to be deducted?

As per section 194J of Income Tax Act, 1961, a person is required to deduct TDS @ 10% on following payments paid to a resident in excess of Rs. 30,000 during a financial year :

-Fees for professional services or
-Fees for Technical Services
-Royalty or
-Non compete fees as referred under section 28(VA) of Income Tax Act.

Threshhold limit of Rs. 30,000 as specified under 194J is applicable to each payment separately i.e. applicable independently to each of four items.

Honorarium will come under 194J and so it's applicable to deduct TDS as per 194 J

thank you all for your help.