Work contract, professional fees, or commission/brokerage paid by an individual or HUF not covered by Sl. 6(i), 6(iii) or 1(ii)
- Rate
- 2%
- Threshold
- ₹50,00,000
- Who deducts
- Individual or Hindu undivided family
- 1961 Act
- Section 194M
Section finders.393(1) [Table: Sl. No. 6(ii)]Act page 472
Section 194M in the Income-tax Act, 2025
The answer
Section 194M of the Income-tax Act, 1961 is s.393(1) [Table: Sl. No. 6(ii)] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
As enacted
Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, page 472. This page sets out the Table entry as read from the Act; read the section and the Notes to its Table before relying on it for a return or an opinion.
Questions this answers
What is section 194M called in the Income-tax Act, 2025?
Section 194M of the Income-tax Act, 1961 is s.393(1) [Table: Sl. No. 6(ii)] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
What is the TDS rate and threshold under s.393(1) [Table: Sl. No. 6(ii)]?
Rate: 2%. Threshold: ₹50,00,000. It covers: Work contract, professional fees, or commission/brokerage paid by an individual or HUF not covered by Sl. 6(i), 6(iii) or 1(ii).