What should be the TDS rate of Printout copies under contract?194I(C) or 194C(C)?

If a company hires printer under the contract with supplier and making payments on the basis of number of copies printed every month and payments made is more than 1 lakh 20thousand per annum to that supplier. what should be the Tds Rate.

Tax : 2%
Surcharge : 10% of Tax
Education Cess : 3% of tax and surcharge.

Hence over all rate will be 2.266% if surcharge is applicable otherwise the rate will be 2.06%.

it should be under section 194C @ 2% and surcharge and education as applicable.

If the recipient is an Individual, HUF, BOI or AOP the payment do not exceed Rs.10 Lakhs or a coporate and payment does not exceed Rs. 1 crore the TDS is as under:
IT 2%
EC .04%
SHEC .02%
Total 2.06%

2% tax + surcharge +3% education cess

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