1) TDS Interest Which section TDS interest is to be paid? TDS Interest is to be paid under section 201of Income Tax Act, 1961 When it is to be paid? When there is failure to deduct or pay TDS. So there are TWO categories of Defaults: (1) Deduction of tax at source FAILURE to de...
Deduction Under Section 80C of Income Tax Income Tax Financial LessonsFinancial InsightsTax Saving by Avneet Kaur 8 mins read Feb 18, 2025 Section 80E: Tax Benefit on Education Loan Income Tax LoanTax SavingFinancial Insights by Avneet Kaur 4 mins read Mar 14, 2024 Bank of India ELSS Tax...
Practice Section In the article, you will find an Excel workbook like the image given below to practice on your own. Conclusion So, in this article, we have shown you ways to make a TDS late payment interest calculator in Excel. I hope you found this article interesting and helpful. If ...
Senior Citizens Savings Scheme suits investors who are retired and are also looking to save tax under Section 80 C. Government backs the SCSS scheme and hence falls under low risk investments. The scheme guarantees return. Since risk in SCSS is comparatively low, investors who understand and can...
Moreover, investors of Union Bank of India RD have to show their interest income under the head ‘Income from Other Sources’. Also, the interest income is subject to TDS. The Union of India Bank cuts TDS based on whether the investor has disclosed the PAN details or not. If the ...
While the calculator's disclaimer may provide general information, consulting a financial advisor ensures you fully understand the specific tax implications based on your circumstances. Failing to account for TDS can result in unexpected deductions, impacting your overall investment returns.Read More ...
Interest earned from your deposits qualifies as a tax-free income up to Rs 50 000 under Section 80 TTB of the Income Tax Act, 1961. Regular Income: The interest earned on senior citizen fixed deposit schemes can be claimed as income as and when calculated. Fixed deposits allow monthly, ...
With DBS Bank, you can easily fund your Fixed Deposit investments via your Savings Account. You can fall back on these investments during medical emergencies, economic uncertainties, funding marriage expenses, higher education, etc. Certain tax-saving FDs also provide benefits under Section 80C of ...
How to Avoid TDS Deduction by Banks - HOT TIPS FOR TDS in Banks Basics of Income Tax in India Rules for Filing of Income Tax Returns What is e-filing? Procedure for E-filing of Income Tax Returns How to make Best Use of Section 80C ...
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