TDS rate on commission

what is limit for TDS on 194 H commission or brokerage
if it's company
invoice date 31/7/20
Replies (6)
Quick Summary
This discussion clarifies the TDS rate applicable to commission and brokerage under Section 194H. The general threshold for TDS deduction is Rs 15,000 per financial year at a rate of 5%. However, due to COVID-19 relaxations, the rate was reduced to 3.75% for invoices issued between May 14, 2020, and March 31, 2021, even if the amount exceeded Rs 15,000.

Rs 15000/-
TDS deduction rate
3.75% applicable from 14.5.20 to 31.3.21
OK Thanks

U/s 194H_Commission/Brokerage you have to deduct TDS if amount exceed 15,000 in a year at the rate of 5%

As you invoice is as on 31/07/2020 TDS rate applicable to you is 3.75% as it's fall within a date for which relaxation is given by government due to covid 19 situation.

OK Sir Thanks for informing

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