Tax Deducted at Source (TDS) for Freelancers

Ask the Community Income Tax
1

Hi,

How much is TDS for freelancers?

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2

HI

They are treated as consultant or retainer and TDS rate is 10% under sec 194J

Thanks and Regards

Natarajan S

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3

Every time a freelancer or a small business owner makes a payment to professionals which exceeds Rs.30,000 per transaction or in aggregate during a financial year, TDS applies at the rate of 10%. The deducted tax at source must be deposited with the government.

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