Services

This plan is applicable to Individuals or HUF other than those who are required to deduct TDS u/s 194C, 194H or 194J are required to deduct TDS u/s 194M on the following amounts payable to a resident
For carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract
By way of commission or Brokerage
By way of fees for professional services
Threshold Limit: TDS needs to be deducted if the amount or aggregate of the amounts paid in a financial year to a resident exceeds Rs 50,00,000