<\/span><\/h2>\nTDS Deduction (FY 2024\u201325)<\/strong><\/p>\n\n- Interest on Deposits (194A): 10%<\/li>\n
- Commission (194H): 5%<\/li>\n
- Rent (194I):\n
\n- 10% (for land\/building)<\/li>\n
- 2% (for plant\/machinery)<\/li>\n<\/ul>\n<\/li>\n
- Professional\/Technical Fees (194J): 10%<\/li>\n
- Job work, labor contract, advertisement, etc. (194C):\n
\n- 1% for Individual\/HUF<\/li>\n
- 2% for others<\/li>\n<\/ul>\n<\/li>\n
- Salary (192B): Slab rates applicable<\/li>\n
- Purchase of Goods (194Q): 0.1% (only if turnover > \u20b910 Cr)<\/li>\n<\/ul>\n
Important Cut-offs: (Applicable till 31-03-2025)<\/strong><\/p>\n\n- Commission: \u20b915,000<\/li>\n
- Rent: \u20b92,40,000<\/li>\n
- Professional Fees: \u20b930,000<\/li>\n
- Job Work: \u20b930,000 per single bill or \u20b91 lakh aggregate<\/li>\n<\/ul>\n
TCS Collection (FY 2024\u201325)<\/strong><\/p>\n\n- On Scrap Sales (206C): 1%<\/li>\n
- On Sale of Goods (> \u20b910 Cr turnover) (206C(1H)): 0.1%\n
\n- Note: TCS on sale of goods is removed from 01-04-2025.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
Payment Due Date:<\/strong><\/p>\n\n- TDS\/TCS to be deposited by 7th of the next month<\/li>\n
- For March, deposit by 30th April.<\/li>\n<\/ul>\n
TDS Deduction (FY 2025\u201326)<\/strong><\/p>\n\n- Rates are same as FY 24-25 except a few changes in limits:\n
\n- Commission: \u20b920,000<\/li>\n
- Professional Fees\/Technical Charges: \u20b950,000 (each)<\/li>\n<\/ul>\n<\/li>\n
- New Addition:\n
\n- Partner Interest and Remuneration (194O): 10% (for Firms\/LLPs)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
TCS Collection (FY 2025\u201326)<\/strong><\/p>\n\n- On Scrap Sales (206C): 1% (no change)<\/li>\n
- On Sale of Goods (206C(1H)): Removed from 01-04-2025.<\/li>\n<\/ul>\n
<\/span>Section 194J \u2013 TDS on Professional & Technical Payments<\/strong><\/span><\/span><\/h2>\n![\"TDS](\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/04\/194J.-.jpeg\")
<\/p>\n
\n
<\/span>Nature of Payments Covered under section 194J<\/strong><\/span><\/span><\/h3>\n\n- Professional fees (legal, medical, engineering, accounting, consultancy, etc.)<\/li>\n
- Fees for technical services (other than professional services)<\/li>\n
- Royalty<\/li>\n
- Director\u2019s fees\/remuneration<\/li>\n
- Non-compete fees<\/li>\n<\/ul>\n
<\/span>TDS Rates <\/strong><\/span>under section 194J<\/strong><\/span><\/span><\/h3>\n\n
\n\n\n| Nature of Payment<\/th>\n | Rate<\/th>\n<\/tr>\n |
\n| Professional fees<\/td>\n | 10%<\/td>\n<\/tr>\n |
\n| Director\u2019s fees\/remuneration<\/td>\n | 10%<\/td>\n<\/tr>\n |
\n| Non-compete fees<\/td>\n | 10%<\/td>\n<\/tr>\n |
\n| Fees for technical services (other than professional)<\/td>\n | 2%<\/td>\n<\/tr>\n |
\n| Royalty (other than cinematographic film royalty)<\/td>\n | 10%<\/td>\n<\/tr>\n |
\n| Royalty for sale\/distribution\/exhibition of films<\/td>\n | 2%<\/td>\n<\/tr>\n |
\n| PAN not furnished (Sec 206AA)<\/td>\n | 20%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/span>Threshold <\/strong>under section 194J<\/strong><\/span><\/span><\/h3>\n\n- \u20b950,000 per financial year per payee<\/li>\n
- Not applicable to Director\u2019s fees (TDS from first rupee)<\/li>\n<\/ul>\n
<\/span>Who Must Deduct section 194J?\u00a0<\/strong><\/span><\/span><\/h3>\n\n- Company \/ Firm \/ LLP \/ Trust \/ Business Entity<\/li>\n
- Individual \/ HUF only if:\n
\n- Business turnover > \u20b91 crore, or<\/li>\n
- Professional receipts > \u20b950 lakh (preceding FY \u2013 Sec 44AB)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
<\/span>Timing of section 194J<\/strong><\/span><\/span><\/h3>\n\n- Deduct at earlier of credit or payment, including year-end provisions.<\/li>\n<\/ul>\n
<\/span>Deposit & Reporting under section 194J<\/strong><\/span><\/span><\/h3>\n\n- Deposit: By 7th of next month<\/li>\n
- Return: Form 26Q<\/li>\n
- Certificate: Form 16A<\/li>\n
- Credit reflected in Form 26AS \/ AIS<\/li>\n
- Review agreements to classify professional vs technical services correctly.<\/li>\n
- Director\u2019s sitting fees & commission always attract TDS.<\/li>\n
- Year-end provisions without TDS \u2192 high risk of notices & disallowance<\/li>\n<\/ul>\n
<\/span>Consequences of Non-Compliance under section 194J<\/strong><\/span><\/span><\/h3>\n\n- Interest u\/s 201(1A):\n
\n- 1% per month\u2014for non-deduction<\/li>\n
- 1.5% per month \u2013 for non-payment after deduction<\/li>\n<\/ul>\n<\/li>\n
- Expense Disallowance u\/s 40(a)(ia):\n
\n- 30% of expenditure disallowed if TDS not deducted\/deposited<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
TDS TCS Rate Chart for FY 2024\u201325 and FY 2025\u201326 TDS Deduction (FY 2024\u201325) Interest on Deposits (194A): 10% Commission (194H): 5% Rent (194I): 10% (for land\/building) 2% (for plant\/machinery) Professional\/Technical Fees (194J): 10% Job work, labor contract, advertisement, etc. (194C): 1% for Individual\/HUF 2% for others Salary (192B): Slab rates applicable Purchase of Goods …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[100],"tags":[1221],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8987"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=8987"}],"version-history":[{"count":3,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8987\/revisions"}],"predecessor-version":[{"id":8989,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8987\/revisions\/8989"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=8987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=8987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=8987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |
![\"TDS](\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/05\/TDS-TCS-RATE-CHART.jpg\")
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