TDS on commission paid by MTNL/BSNL to owners of PCO u/s194HjyotiEmail thisPrint this
-Aggregate sums paid in the FY exceeding Rs. 100000.- Individual/HUF = 1% of the sum paid. - Any other person = 2% of the sum paid. 194DInsurance CommissionAny ResidentRs. 15000 per Financial Year10% 194DAAmount under LICResidentAggregate payment must be less than Rs. 100000 in the FY...
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...
I have to change the section code of commission paid in the 26Q of quarter 3 of 2020-21. I have already downloaded the console file. what should I do next? Reply Siddhesh February 9, 2021 at 1:25 pm I want to file a revised TDS return for Q1 of 2020-21. I have entered the ...
Tax Deducted at Source or commonly referred as TDS is the amount of tax deducted from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest, etc. The TDS amount is deducted at the time of making payments. Here, the tax is ...
Individual/HUF = 1% of the sum paid. Any other person = 2% of the sum paid. 194D Insurance Commission Any Resident Rs. 15,000/- per Financial Year 10% 194DA Amount under LIC Resident Aggregate payment should be less than Rs. 1,00,000/- in the FY 1% 194H Brokerage or Commission ...
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.
As per the Indian Income tax section 194D, the entity is required to deduct income tax while the service is related to insurance commission, and rewards received by agents or brokers. TDS in IS-Utilities (Interest on Security Deposits) Section 193 Tax Deducted at Source for Security Deposits ...
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...
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 ...