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Is section 194I(C)-10.30% is right for deduction for Print out charges for <1crore payment?

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Is section 194I(C)-10.30% is right for deduction for print out charges for <1crore payment in case of Company?????

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  1. Under section 194C, the TDS rate for contractor is 2.06% or 1.03% (for subcontractor).

    TDS rate of 10.3% is for professionals.

    Surcharge is applicable for companies with turnover over 1 crore and others Rs. 10 lac.

    For the current TDS rates in India, and more information about TDS deduction and filing, read http://mytaxes.in/index.php?topic=8.0

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