TDS (Tax Deducted at Source) will not be applied to your FD interest income as long as the interest earned is Rs. 40,000 or less in a financial year. However, if your interest earnings exceed Rs. 40,000, TDS will be deducted at the current rate of 10% on the entire interest amount...
Tax deducted from insurance commissions TDS on the post office deposits Taxes on corporate bond income What Makes Gen TDS Software the Best Option for Forms 15 & 15H Filing? Gen E-TDS is the best TDS software for filing online TDS and TCS returns according to the norms and regulations of ...
3) IS ANY TDS DEDUCTED FROM A GOVT. PENSION? IF YES, WHO IS THE DEDUCTOR? OR THE PENSION IS PAID IN GROSS AND I HAVE TO PAY ALL THE TAX MYSELF? Reply PG Krishnan August 6, 2021 at 11:15 am A considerable amount is deducted from my salary every month as Overpayment amount. I...
How to: Set Up Correction Types How to: Set Up Nature of Collection Lines How to: Post Tax Deducted at Source How to: Post Tax Collected at Source How to: Update Challan Registers How to: Pay Tax Using Payment Journals How to: Submit Returns Using e-TDS How to: Submit Returns Using ...
Compute the total TDS amount. =SUM(G6:G10) Hit Enter to see the result. Method 2 – Input Necessary Information The number of months and the interest rate. We will list the Date of Transaction or Bill Date along with the Date of TDS Deducted or Entry Pass. Method 3 – Summary of ...
Check your Form 26AS to see the TDS deducted –See my other post on How to check your Form 26AS Step by Step Guide 1) Go to Income Tax efiling website –https://incometaxindiaefiling.gov.in/ 2) On left hand column, you can see the Button “Filing of Income Tax Return“ ...
How to Calculate HRA Exemption in Excel Insert the calculated amounts in C5, C6 and C7. Enter this formula to find the minimum amount of HRA. =MIN(C5:C7) This final amount is the HRA on basic salary. It will be deducted from the total amount of tax at the time of tax payment. Do...
Total the Income:Add up other income that you might receive in the form of rent, interest income, etc. Deduct the TDS deducted from your salaried income. Total Advance Tax:If the tax due exceeds Rs.10,000 then you’ll have to pay advance tax. ...
For ‘Deductions’, there are various columns for ESI (Employees’ State Insurance), EPF (Employee Provident Fund), Salary Advance, TDS (Tax Deducted at Source), LWF (Labour Welfare Fund), PT (Professional Tax). If there are any other deductions that you want to include, you can add colu...
TDS certificate to be made available for download TDS Certificate – capture details of value on which TDS is deducted and deposit on TDS deducted into appropriate Govt. E-commerce Form GSTR-8 Monthly 10th of succeeding month Details of supplies effected through e-commerce operator and the...