TDS Section 194J has two rates for Profession fee it is 7.5% and for technical fee it is 1.5%. But Quickbooks provides only the latter 1.5%, it doesnt provide 7.5%.

Hello there, useraccounts19.

TDS is deducted as per the prescribed applicable rates for different types of payments. These rates are also prescribed as per the nature of residential status of the recipients. Its calculation is based on the threshold defined under the provisions of the Indian Income Tax Act.

Under section 194J, any sum paid by way of technical or professional services as below (exempt up to Rs. 30,000 during the financial year) is 10%. That's why 7.5% is unavailable. You can refer to these articles that will give you more detail on how we calculate TDS:

• How to set up TDS
• TDS Rates: TDS for Assessment Year 2019 – 2020

If you have any other questions, please don't hesitate to post them here. Take care!

Hi Catherine,

We provided an amount of Rs.12,00,000 (much beyond threshold) for checking whether it deducts 7.5%, it still deducts only 1.5% by default.

Thanks for getting back to us, useraccounts19.

If the set up and the rates still won't provide you the correct calculation, I'd recommend reaching out to our Customer Care Team. They can further review the details and provide you additional steps on how to correct the data. You can reach them using this link: Contact QuickBooks Online Accountant and ProAdvisor Support.

Keep us posted on how this goes so we can also see what else we can do to assist you.