Calculate the TDS amount online easily with our TDS Calculator. TDS deductions can be calculated on your salary, interest income, and more by using this tool...
TDS on Fixed Deposit, Savings Accounts 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 pa...
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.
As we all know, TDS is deducted to deposit a certain amount of your salary to the government in the form of tax. Apart from depositing tax, you are required to file a TDS Return as well. TDS Return needs to be filed with NSDL by the deductor at regular intervals. But, what if ...
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 ...
TDS or Tax Deduction at Source is the amount of tax deducted from the salary before paying them. TDS needs to be calculated on monthly basis and after that, the processing of the salary is done. Thus, it is a very important part of calculating salary and being the most trusted ...
Under the provisions of the Income Tax Act, TDS paid online, and the TDS returns must be filed for transactions involving: Salary Payment Income on securities Income by winning the lotteries, puzzles, and others Income from winning horseraces ...
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...
TDS deposit due date FAQ's on TDS Section NumberSourcePayee typeThreshold LimitTDS Rates 192Salary PaymentIndividualBasic exemption limits based on the income tax slab rates.Rates of Income Tax in force. 193Interest on securitiesResidentBasic exemption limits based on the income tax slab rates.10%...
Payments such as salary, rent, commission, professional fees, interest, and dividends are subject to TDS. Q4.)What is the rate of TDS? The rate of TDS depends on the type of payment and the category of the payee. The applicable TDS rate can be found in the TDS rate chart published by...