what is tds how to applicable tds

At the time of credit or payment, whichever is earlier, when the amount of a payment to transporter exceeds Rs. 30,000/- or the total amount during the whole year exceeds Rs. 1,00,000/- 

Rtae 1% for payments to Individual/HUF

Rate 2% for payments to Other than Individual/HUF

Exception :No deduction shall be made from any sum credited or paid to Transporter who owns 10 or less goods carriages during the P/Y engage in plying, hiring or leasing goods carriages, is not laible for deduction of TDS.