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194m threshold 50 lakh

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Section 194M TDS on contractor and professional payments - 2% rate, Rs 50 lakh limit, Form 26QD

Section 194M TDS (2026): 2% Rate, Rs 50 Lakh Limit & Form 26QD

10/11/2026 by Rohan Mehta

Section 194M makes individuals and HUFs deduct 2% TDS on contractor, professional and commission payments above Rs 50 lakh a year. No TAN needed — Form 26QD and Form 16D explained.

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