Section Nature of Payment Threshold Limit (Rs.) Individual / HUF TDS Rates (%) Others TDS Rate (%) 192 Salaries Rs. 2,50,000 Slab Rates Slab Rates 192A Premature EPF withdrawal* Rs. 50,000 10% 10% 193 –TDS on interest on securities*** Rs. 10,000 10% 10% 194 Payment of div...
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...
Even if your piece of real estate is not let out, it might be considered earning rental income and you will need to pay tax on it. If you have taken a home loan, then claiming Interest on Loan also comes under this category. Income from Capital Gains: When you sell Stocks, Bond, ...
This form should be submitted to all the deductors to whom you advanced a loan. For example you have deposit in three SBI bank branches with interest of or more Rs.10,000 each.You must submit the forms to each branch. You need to submit forms if interest on loan ,advance, debentures ...
When you earn an income beyond a specified limit, the govt has mandated the person paying you the income to deduct one part of it as your advance tax on yourbehalf is called TDS. If you look at its full form its Tax deducted at SOURCE (whoever is paying it). ...
“The applicability of this limit hinges on the terms laid out in therental agreement. When there are multiple tenants sharing a space and each tenant enters into a separate agreement with the landlord, Rs 50,000 threshold applies to each individual te...
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...