What is Income Tax? Who Needs to Pay Income Tax? What are the Different Types of Income? About the Income Tax Department of India What is the Income Tax Act? Schedules of the Income Tax Act What are the Income Tax Rules? Taxpayers and Income Tax Slabs What are the Existing Tax Slab...
7. Rate of TDS As per Income-tax Act (%) As per DTAA (%) 8. Actual amount of remittance after TDS In foreign currency In Indian Rs. 9. Date of deduction of tax at source (DD/MM/YYYY) 10. Nature of remittance as per agreement/ document 11. In case the remittance is net of...
TaxSpanner.com is one of India’s largest and most trusted websites that offers online preparation of accounts books and filing of TDS, GST, individual Income Tax Returns (ITR). Established in 2007, TaxSpanner is based out of New Delhi. Since then, it has grown to build very large custom...
The employer/bank/financial institution will deduct TDS as per TDS rate. To avoid TDS, Self-declaration in Forms 15G /15H can be filed by the deductee if his income doesn’t exceed the amount chargeable to tax (Ex Senior Citizen) The employer/bank/financial institution issues you a TDS ...
The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This update introduces several enhancements and changes,…Read more » TDS / TCS – Changes w.e.f. 1st April 2025 ...
Example of TDS on Fixed Deposit If you open a Bank Fixed Deposit and you earn an interest income of Rs 60,000 after one year. The bank will deduct TDS at the rate of 10% i.e., Rs 6,000(10% of Rs 60,000)and deposits with the Income Tax Department. ...
The TDS tax has been applied at the line item level. You can also applyTDS cessandTDS surchargeto the TDS amount deducted from the transaction. Apply TDS to Vendor Advance Zoho Books allows you to apply TDS to the advance you pay your vendor, so you can deduct the required TDS amount ...
Income Tax Filing and Returns Preparation of computation of income & filing of income tax returns of various HNI assessee and other HUFs, Partnership Firms and Companies. Advisory on Taxation of Employees sent on secondment basis. Processing and coordinating department related to Income tax refunds ...
What is the Income Tax Slab Rate for FY 2023-24? To figure out the income tax on your salary, start by looking at the tax slabs set by the Income Tax Department of India for the financial year. For individuals (Age < 60 years) ...
Income-Tax Department FORM NO. 15CA (See rule 37BB)Information to be furnished for payments to a non- resident not being a company, or to a foreign company Ack. No.Part A (To be filled up if the remittance is chargeable to tax under the provisions of the Income-tax Act,1961 and ...