No deduction of TDS under Section 194A. Benefits for interest received from recurring and fixed deposit schemes are available. Income Tax in Detail Income tax is paid by every individual person, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local ...
6/2018 F No Pro DGIT S CPC TDS Notification 2018 19 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income tax Systems New Delhi N
March 15 –It is the due date for the payment of the fourth installment of the advance tax for the AY 2021-22 ( if liable to pay any). It is also the due date for the payment of the advance tax under section 44AD and 44ADA. March 31 –It is the last date to link PAN and A...
The interest income of the user is taxable under section 194A of the Income Tax Act (ITA), 1961. Banks deduct tax on fixed deposits if the interest earned on the same exceeds INR 40,000 in a year. The TDS rate will apply once the earnings go past the threshold limit of INR 40,000...
Fill your income tax return form in the normal way Show Interest earned for Financial year as Interest income in Income from other sources Show TDS deducted in TDS section Then when you calculate tax due it would show up as Tax refund row 18 shown below. This is the amount you would get...
TDS Details Section Name TDS Rates (in %) (AY 2021-22) Remarks TDS on Salaries 192 New Reduced Slab rate for Salaries People introduced. One can go for old tax regime with tax deductions or new tax regime without tax deductions Companies can take a declaration from employees as to which ...