194j tds rate: Section 194J refers to TDS

Section 194J refers to TDS provisions relating to specific services. It requires anybody who pays fees to a resident for such defined services such as professional or technical services to deduct TDS . An individual should deduct TDS at the rate of 10% when the following payments are made to a resident, in a fiscal year (higher than Rs.30,000): 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). The standard TDS rate is 10%, but a lower rate of 2% applies to fees for technical services (excluding professional services) and royalty for cinematographic films, as well as payments to call centres. Section 194J of income tax act TDS rate for fees professional/ technical services is 2% and royalty is 10%. The limit of payment is Rs 30000