*** From FY 2023-24, interest on debentures issued by listed companies is also included TDS Rates Applicable for Resident of India (Not a Company) for FY 2024-25 Particulars TDS Section 192: Salary payment Section 192A: Premature withdrawal from EPF Normal Slab Rate 10% Section 193: Inte...
India. It provides an easy-to-use interface with a simple and intuitive interface. Our software is an innovative tool that allows users to predetermine the TDS amount, prepare the TDS returns, and calculate interest, penalty, and late filing fees...
TDS or Tax Deducted at Source is a process of collecting the tax at the time of payment such as interest, salary, bonuses, commission, rent, etc. TDS is a type of advance tax. Under the TDS provisions of the Income-tax Act, 1961, the government can deduct the advance tax in the fo...
2 Premature payment by PF Organization from EPF A/c (i.e. before 5 Years). 192A 50,000.00 10% Not applicable 20% 3 Payment of Interest on Securities by company. 193 10,000.00 10% 10% 20% 4 Payment of Dividend(w.e.f. 01.04.2020) 194 2,500.00 10% 10% 20% 5 Payment of Inter...
TDS or Tax Deducted at Source,is one of the modes of collection of taxes, by which a certain percentage is deducted at the time of payments of various kind such assalary, commission, rent, interest on dividends etcand deducted amount is remitted to the Government account.This withheld amount...
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If I buy a third property in my wife’s name, but take loan in my name, can I claim interest paid on the loan in ITR? Liability to deduct TDS depends on 3 factors Tax experts say that three factors determine whether TDS is required to be de...
in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in India, has a basic limit of exemption. This article explains abut NRI and ITR,who is NRI,Tax and TDS on various kinds of income for NRI, example bank accounts,fixed deposits,mutual fund...
You need to submit forms if interest on loan ,advance, debentures , bonds or say Interest incomeother then interest on bankexceeds Rs 5000. Difference between forms 15G and 15H Form 15H:Declaration undersub-section (1C) of section 197Aof the Income-tax Act, 1961, to be made by an ind...
If Tax is not deducted at Source i.e TDS has not been cut at times it does not mean that one is not required to pay tax. For example in case of interest on recurring deposit or saving account with banks and society, TDS is not cut but one is required to pay interest on it. ...