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Tds on payment to contractors sec 194C

vineeth Kandukuri   28 November 2020

vineeth Kandukuri

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how much tds is to be deducted in case of sec 194C


gameplaysNmore   28 November 2020


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In the case of Proprietor/HUF tds to be deducted at the rate of 1 percent and in the case of company/firm tds to be deducted at 2 percent.

Pallavi P

Pallavi P (Job)     28 November 2020

Pallavi P
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From 14.05.2020 rates are

0.75 % for Individual , HuF

 1.5 % for Firm, Companies


JATINDER KUMAR (Accountant)     28 November 2020

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TDS rate reduced by government from 14.05.20 to 31.03.21

For individual or HUF - 0.75%

For other - 1.50%

Krishna Chaudhary

Krishna Chaudhary (Accountant)     16 January 2021

Krishna Chaudhary
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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.

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