therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws and take appropriate advice of consultants. The user of the information agrees that the information is not professional advice and is subject to change without notice. Author assume no ...
TDS Rate Chart for FY 2024-25 - TDS is applicable on various payments like contractor payments, salary, commission etc. Check out TDS rate chart for FY 2024-25 & AY 2025-26.
Payment of fees for professional or technical services (Section 194J) Commission to Stockiest, distributors, buyers and sellers of Lottery tickets including remuneration or prize on such tickets (Section 194G) Income from Units purchased in foreign currency or long-term capital gain arising from the...
194JRoyalty, Director Remuneration, Professional or technical service fees, Non-compete feesResidentRs. 30000 for each income in the FY (Not applicable to payment to the director).10% 194LACompensation on acquiring immovable propertyResidentRs. 250000 per FY10% ...
FAQs on TDS calculation on salary How to calculate TDS on the purchase of property? To calculate TDS (Tax Deducted at Source) on the purchase of property, you can use tools like this TDS Calculator, which considers the property value and applicable TDS rate. Additionally, consult with a tax...
On salary income, TDS is deducted depending upon the income tax slab rates applicable to a person. For other types of income such as rent, interest on securities, insurance commission, dividend, etc. the TDS rates are fixed and vary between 10% and 20%.Some of them are shown in table ...
194J Royalty, Director Remuneration, Professional or technical service fees, Non-compete fees Resident Rs. 30000 for each income in the FY (Not applicable to payment to the director). 10% 194LA Compensation on acquiring immovable property Resident Rs. 2,50,000 per FY 10% TDS Exemptions TDS ...
Note: Interest is levied on TDS amount and NOT on Invoice amount and Part of Month is considered as FULL months. Therefore in above case there is 2 Months i.e Jan and Feb months 4) Interest for Late Deposit Interest for late deposit of TDS is applicable @ the rate of 5% per month....
TDS is applicable to certain payments— brokerage, salary, interest, professional fees, contract payments, royalty, etc. TDS certifications include Form 16, Form 16A, Form 16 B, and Form 16C. Individuals can apply for a TDS refund on the Income Tax Department website. ...
The provisions of deduction of tax at source are applicable to several payments such as salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc. In respect of payments to which the TDS provisions apply, the payer has to deduct tax at source on the payments...