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.
under section 194C, 194H, or 194J. 194M 5% 5% 20% 30 E-Commerce operator for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform. 194O 500,000.00 1 Example of TDS on Salary If you work and your income is above basic exempt...
TDS Types and its rate TDS deposit due date FAQ's on TDSSection NumberSourcePayee typeThreshold LimitTDS Rates 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...
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...
Section NumberSourcePayee TypeThreshold LimitTDS Rate 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% ...
Section Nature of Payment TDS Rate of Individual/HUF in percent TDS Rate for NRI 192 Payment of salary As per category in income tax As per category in income tax 194B Income earned by winnings from card games, lotteries, and other games 30% 30% 194BB Income from winning...
Section 211(1)(b): an assessee who declares profits and gains in accordance with the provisions of sub-section (1) of section 44AD or sub-section (1) of section 44ADA, as the case may be, to the extent of the whole amount of such advance tax during each financial year on or bef...
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,...
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?
As mentioned earlier TDS is a certain percentage deducted at the time of payments of various kind such assalary, 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...