The interest income of the user is taxable under section 194A of the Income Tax Act (ITA), 1961. Banks deduct tax on fixed deposits if the interest earned on the same exceeds INR 40,000 in a year. The TDS rate will apply once the earnings go past the threshold limit of INR 40,000...
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.
The form 27A form can be furnished at the TIN-FC centre for those who are not enrolled at the e-filing portal. Read Also: What is Form 15G and 15H, How it Save TDS on Interest Income? Procedure to Download FUV from NSDL website Open the website. www.tin.nsdl.com Choose the Opti...
commission, rent, interest on dividends etc.The various payments for which TDS is deducted,Threshold limit(above which TDS is deducted), therateat which it is deducted for Resident Individual or Hindu Undivided Family(HUF), Domestic Company or Firm with appropriate Income...