194j tds rate: TDS u/s 194J needs to

TDS u/s 194J needs to be deducted by a deductor other than an individual or a HUF (not liable to tax audit) @ 10% on any amount paid or payable to any person which is in excess of Rs. 30,000 as: Any sum referred to in clause (VA) of section 28. " The rate of TDS shall be increased by applicable surcharge and Health & Education cess. The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J (a) and 194J (b), effective from 7th August 2020. u/s 194J (a) of the Income Tax Act, is related to TDS deduction on fees for Technical Services, and u/s 194J (b) of the Income Tax Act is related to TDS deduction on fees for Professional Services. Every person excluding an individual or a HUF, making payment to a resident for notified services, will be covered u ... TDS under Section 194J is generally required to be deducted if the payment for professional or technical services exceeds a specific limit in a financial year: ₹30,000: For fees for professional services and technical services. (Note: This threshold is changing to ₹50,000 annually from April 1, 2025).