Change in Cutoff and TDS Rate in Section 194H

Last updated at Dec. 16, 2024 by

Section 194H Commission has been reduced to 5% and Cutoff increased to 15000 from 1 june 2016 onwards

Till 31.5.2016

 

Section

 

 

Description

 

 

Cut off

 

 

Rate of TDS

 

Section 194 H

Payment of Commission

5000 p.a.

 

10%

 

FROM 1.6.2016

Section

 

Description

 

 

Cut off

 

 

Rate of TDS

 

Section 194 H

Payment of Commission

5000 p.a.   15000 p.a.

 

10% 5%

 

 

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CA Maninder Singh

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