Increase in Cutoff in Section 194C

Last updated at Dec. 16, 2024 by

Section 194C Limit increased to 100000 per annum from 1 june 2016

 

Till 31.5.2016

Section

 

 

Description

 

 

Cut off

 

 

Rate of TDS

 

Section 194 C

Payment to Contractors

75000 p.a. or

30000 single Contract

 

1 % (Individual / HUF)

or

2% (Partnership / Companies)

 

From 1.6.2016

Section

 

 

Description

 

 

Cut off

 

 

Rate of TDS

 

Section 194 C

Payment to Contractors

75000   100000 p.a . or

30000 single Contract

 

1 % (Individual / HUF)

or

2% (Partnership / Companies)

 

 Learn More

 

 

 

 

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CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.