Section 194C– Payment to contractor/sub-contractor
Section 194C states that any individual liable for paying any total to the project worker for completing any work (including the supply of labor), in compatibility of an agreement between the worker for hire and the following.
- The Central Government or any State Government
- Any local authority
- Any company
- Any co-operative society
- Any trust
- Any university or deemed university
- Any firm.
What are the rate of TDS
| No. | Nature of payment | TDS(If pan applicable) | TDS (if pan not applicable) |
| 1. | Payment/Credit to resident individual or HUF | 1% | 20%
|
| 2. | Payment/Credit to any resident person other than individual / HUF | 2% | 20% |
| 3. | Payment/ credit to Transporters | NIL | 20% |
