TDS on PF Withdrawal Without PAN – Section 192A From April 1, 2023, employees withdrawing from their provident fund without a PAN will receive their balance after a 20% tax deduction. Previously, tax was deducted at the MMR (maximum marginal rate) which could go up to 42.74%. TDS on In...
Steps to Calculate TDS Interest Rates Online TDS (Tax Deducted at Source) interest is calculated on delayed TDS payments, i.e., when TDS is deducted but not deposited with the government within the specified timeline. From the date of withdrawal to the date of payment, the interest is comput...
The Government has set a threshold limit, in which TDS will be deducted if a person’s income exceeds this particular limit. Depending on various Income Tax Sections the threshold limit varies in the range of 1% to 30% of the actual payable amount. ...
Cash withdrawal exceeding Rs 20 lakh or 1 crore as the case maybe 194N 2.00% Payment of Professional Fees etc. 194J 2% (FTS, certain royalties, call center), 10% (others) Rent for plant and machinery 194-I(a) 2.00% Rent for immovable property 194-I(b) 10.00% TDS on e-commerce...
** Each of my employers is asking for Form 15G for PF withdrawal from each of the PF accounts, since they didn’t handle the PF transfer process smoothly earlier. This means, that I have to submit Form 15G to each of them alongwith Form 10C and Form 19. ...
28 Cash withdrawal in excess of Rs. 1 crore during the previous year from one or more account maintained by a person with a banking company, co-operative society engaged in business of banking or a post office 194N 2% 2% 20% 29 Payment of commission (not being insurance commission), brok...