How to ensure proper TDS deductionGautam Nayak
As is apparent from the above article, you have to pay TDS on FD interest income. If you are eligible for waivers on FD TDS, ensure that you submit the relevant 15G/H form at the beginning of your FD tenure. In doing so, the bank will not levy any tax on your interest income. I...
1.5 lakh is eligible for a tax deduction as per the IT Act. By investing this amount in an ELSS, one can save up to ₹46,800 a year in tax outgo. Tax benefits of ELSS Mutual Funds ELSS mutual fund is the only category of mutual fund that comes with the tax benefit. Let’s ...
India. It provides an easy-to-use interface with a simple and intuitive interface. Our software is an innovative tool that allows users to predetermine the TDS amount, prepare the TDS returns, and calculate interest, penalty, and late filing fees...
Schedule-TDS: TDS details of TDS/TCSTAN of deductor/ PAN of tenant Name of deductor Gross payment Year of tax deduction Tax deducted TDS/TCS creditVerificationThe taxpayer has to verify and self-attest the form at the last by signing the verification content after entering all the details ...
Form 26Q is the Quarterly return of TDS in respect of all payments other than salaries. To save Form 26Q, it is recommended that you need to resolve all the exceptions, and then press Alt+B (Save), to save the report.View Form 26Q...
Method 1 – Summary of TDS for Late Deduction We record all the sections and type in column C and TDS statement for the month of November, December and February. Select a cell to calculate the amount of TDS. For this, we will use the SUM function. The SUM function is used to add ...
Step 5 – Calculate PF, Tax & TDS and Deduct Them from Gross Salary Add columns on the right side for the deductions. Calculate thePFbased on theBasic Salary–9%. Enter the following formula inT6. =ROUNDUP($M6*9%,0) PressEnterand drag theFill Handle. ...
Millions of Indians have invested in Cryptocurrency already, so it is important to learn how to avoid Tax on Cryptocurrency. Read to save your crypto tax.
Deduction type- Choose the deduction type; the drop-down menu options are as per the deductee type screen TDS applicable from- Choose the date the TDS is applicable from 5. Once you are done, click on the Save button. 6. You can edit and delete the TDS rate that you have created in...