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.
Employers calculate the TDS on employees’ salaries using the following details. Total earning:The total earning of an employee over the financial year including their hikes, commission, bonus, etc. Investment Declaration:If you are investing in tax-saving products, mention the details in an invest...
TDS is deducted from the payments made by the individuals as per Income Tax Act. Various types & rates of TDS deduction are present. Focus on pay as you earn. TDS is a direct tax which is collected from the people at the time of payment like salary, rent, commission, etc. The TDS ...
18 Payment of commission or Brokerage 194H 15,000.00 5% 5% 20% 19 Payment of rent on land, building, furniture and fittings. 194I 240,000.00 10% 10% 20% 20 Payment of rent on plant, machinery or equipments. 194I 240,000.00 2% 2% 20% 21 Payment made on account of transfer of immov...
Commission, Remuneration, Prize etc., on sale or lottery (Under section 194G) Payment of Commission or brokerage (Under section 194H) Rent (Under section 194I) Professional service (Under section 194J) Income from Units (Under section 194K) Payment of compensation on acquisition of certain imm...
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 ...
Under this system, the tax is deducted at the origin of the income. Tax is deducted by the payer and is remitted to the Government by the payer on behalf of the payee. The provisions of deduction of tax at source are applicable to several payments such as salary, interest, commission,...
✔ Challan Verification Our software supports TDS on Salary payments (Form 24Q), Rent, Interest, Commission, and other Non-salary transactions (Form 26Q), NRI (Form 27Q), and TCS (Form 27EQ).Features How we are different? Easily Import Data Import data from Excel and TDS files Verifi...
Brokerage or Commission Insurance Commission Remuneration paid to the company’s director etc Contractor payments Deemed Dividend Interest on securities Interest apart from interest on securities Transfer of immovable property Payment of rent Compensation on acquiring immovable property ...
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