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.
192Salary PaymentIndividualBasic exemption limits as per the income tax slab rates.Rates of Income Tax in force. 193Interest on securitiesResident-10% 194Deemed DividendResident IndividualRs. 2500 each Financial year.10% 194AInterest excluding interest on securities.ResidentRs 10000 if the interest is...
192 Salary Payment Individual Basic exemption limits based on the income tax slab rates. Rates of Income Tax in force. 193 Interest on securities Resident Basic exemption limits based on the income tax slab rates. 10% 194 Deemed Dividend Resident & Individual Rs. 2,500/- each Financial Year...
Salary and all other positive incomes under any head on income (Section 192) Interest on securities (Section 193) Interest other than interest on securities (Section 194A) Payments to contractors and sub-contractors (Section 194C) Winnings from Lottery or crossword puzzles (Section 194B) Winnings...
Every person is required to deduct TDS u/s 192 if the estimated salary exceeds the maximum amount not chargeable to tax. Any individual paying salary of Rs. 8,50,000 p.a. would be required to deduct TDS even though he is declaring income u/s 44AD. Further, sec 194A, 194C, 194H,...
On salary income, TDS is deducted depending upon the income tax slab rates applicable to a person. For other types of income such as rent, interest on securities, insurance commission, dividend, etc. the TDS rates are fixed and vary between 10% and 20%.Some of them are shown in table ...
salary and other than salary Seller reconciliation for TDS Related Articles/Informations How to file return of TDS online New revise TDS/TCS due date for filing Return and Payment for the year 2020 key features of TCS on goods sale section-206c New TDS deduction No cash transactions exceeding ...
5)If you fail to provide your PAN to your employer, who deducts a higher rate of tax from your salary, you can always claim a tax refund once you have filed your income tax returns (ITR). How can the deductor verify that the PAN is correct?
Example of TDS on Salary Example of TDS on Fixed Deposit Key facts about TDS, Form 16, Form 16A, Form 26AS Overview of TDS are given below. Details are in our article Basics of Tax Deducted at Source or TDS The employer/bank/financial institution will deduct TDS as per TDS rate. To ...
Check this example on how TDS work: Nature of Payment: Professional Fees Specified Rate: 10% If Mr. A (Deductor) has to make the payment of Rs. 50,000 to Mr. B (Deductee) for professional service. Then, Mr. A would apply 10% TDS on the specified salary (in this case Rs. 50,...