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.
Finance Act 2020, has reduced withholding tax rates ('TDS') for fees for technical services ('FTS') under Section 194J of the Income-tax Act, 1961 ('the Act') to 2 percent from the existing rate of 10 percent. Memorandum to Finance Bill 2020, clarified that this amendment is introduced...
TDS is applied on services that the government specifies, and the tax is deducted by using the rates that the government specifies for a period. The rate of deduction is based on the status of the entity that receives the payment or provides the service. Statuses include Individual, Hindu ...
TDS on Technical Services 194J 2% TDS Rate on Technical services to be reduced to 2% from 10%. TDS on E-Commerce Transactions 1% (5% in case of no PAN given to E-commerce operator) Applicable to All E-Commerce Companies TDS Rate Chart For Assessment year 2020-21 and Assessment year ...
194JRoyalty, Director Remuneration, Professional or technical service fees, Non-compete feesResidentRs. 30000 for each income in the FY (Not applicable to payment to the director).10% 194LACompensation on acquiring immovable propertyResidentRs. 250000 per FY10% ...
Late-payment of TDS: The deducted TDS by the payer should be credited to the government on every 7th day of the succeeding month in which the tax has been deducted. If the deductor fails to do so, an interest at the rate of 1.5% per month of the TDS amount subject to maximum amount...
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but discovered that they had raised my rate about 60%. Not only was the new price now unaffordable to me, and disproportionate to inflation, but they had added late fees. I called to cancel and explained that I could not afford the price increase and the extra charges. I had already pa...
Interest on FD is taxable as per your income slab and TDS is deducted at the rate of 10%. So if you are in 20/30% income slab you still will have to pay tax . Any person making a false statement in the declaration shall be liable to prosecution under section 277 of the Income-tax...
e-TDS/TCS return has to be prepared in the data format issued by e-Filing Administrator. This is available on the Income Tax Department website and NSDL-TIN website