TDS Sections, Threshold Limits & Rates
1. Important TDS Sections, Rates & Threshold Limits
| Section | Nature of Payment | Threshold Limit (₹) | Normal Rate | No PAN Rate |
|---|---|---|---|---|
| 194C | Payment to Contractors (Single / Aggregate) | ₹30,000 / ₹1,00,000 | 1% (Indv) / 2% (Co.) | 20% |
| 194J | Fees for Professional or Technical Services | ₹30,000 | 10% / 2% | 20% |
| 194I | Rent on Land, Building or Furniture | ₹2,40,000 / year | 10% | 20% |
| 194H | Commission or Brokerage | ₹15,000 | 5% | 20% |
Tally Prime With Tax Deducted At Source (TDS)
Module Progress: 2 of 11 Topics (18%)
18%
- Introduction to Tax Deducted at Source (TDS)
- TDS Sections, Threshold Limits & Rates
- TDS Deductor, Deductee & TAN Structure
- Enabling TDS in Company Features (F11)
- Creating TDS Nature of Payments
- Configuring TDS in Expense & Party Ledgers
- Booking Expenses & Deducting TDS in Journal/Purchase
- Handling TDS Exceptions & PAN Missing Cases
- TDS Deduction on Advance Payments
- Payment of TDS to Government (Challan ITNS 281)
- TDS Reports & Form 26Q Return Preparation