Is TDS applicable on each type of payment? : Quicko

Is TDS applicable on each type of payment? Print

Created by: Team Quicko

Modified on: Wed, 30 Mar, 2022 at 12:23 PM

TDS is applicable based on the following:

Type of Payment,

Type of Payee/ Deductee,

Amount of Payment.

For example: In a year if a company makes professional fees payment more than Rs. 30,000 to a resident individual then and only then they need to deduct TDS @ 10%. If the payment is less than Rs. 30,000 then TDS is not applicable to such payment.

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Is TDS applicable on each type of payment? Print

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