TDS Rates Chart [F.Y.2018-19 A.Y.2019-20]

200shares 188Facebook WhatsApp 12Google+ 0Twitter Download TDS Rates Chart (F.Y.2018-19 A.Y.2019-20) You can download TDS rates chart in excel and pdf format for Resident or Non-Resident payee. You can also check TDS rates without downloading these file from the tables given below. Download TDS Rates Chart (Resident Payee) PDF Format Download Download TDS Rates Chart … Read more

TDS Returns – All You need to Know about TDS Return [F.Y. 2018-19]

5shares 0Facebook WhatsApp 5Google+ 0TwitterEvery layman afraid from TDS because of difficult process of deduction, payment, Return, Statement etc. But we will try to make it simple as every layman can play with TDS. In this article, we will discuss about What is eTDS return, how to file TDS Return, Where to file it, How … Read more

TCS Rates Chart for A.Y. 2019-20, F.Y. 2018-19

12shares 1Facebook WhatsApp 10Google+ 1TwitterEvery seller who comes under the specified goods as prescribed by Income tax act collect TCS from the buyer at prescribed rates and deposit the same in the account of Income Tax Department. The TCS will be collected as mentioned in the following table. The table shows nature of payment, TCS … Read more

TDS Returns and Payment Due Dates F.Y.2018-19

6shares 6Facebook WhatsApp 0Google+ 0TwitterEvery person who are responsible to deduct TDS or Collecting TCS shall furnish a quarterly statement/return and deposit TDS for the period ending on 30th June, 30th September, 31st December and 31st March of each financial year. This TDS Calendar due dates chart  (F.Y. 2017-18) or (A.Y.2018-19) will help you to … Read more

Consequences of Failure to Deduct or Pay TDS u/s 201

0shares 0Facebook WhatsApp 0Google+ 0TwitterHere you will get the complete detail about Consequences of failure to deduct or pay TDS – Deduction of Tax at Source (TDS), Collection of Tax at Source (TCS)/Withholding Tax – Income Tax SECTION 201(1): FAILURE TO DEDUCT OR FAILURE TO PAY TDS If any person who is liable to deduct … Read more

Section 193 – TDS from Interest on Securities – Quick Summary

0shares 0Facebook WhatsApp 0Google+ 0TwitterTDS from Interest on Securities u/s 193 – Quick Summary Person Responsible to Deduct Tax Government/ Local/ authority/ statutory corporation company  Central Govt. in case of 8% (taxable saving bonds) Exemption Limit Exempt Categories monetary limit of Rs. 5,000 in case of listed or unlisted debenture; otherwise no minimum Rs. 10,000 … Read more

TDS on Salary: Easy Way to Calculate TDS on Salary

5shares 4Facebook WhatsApp 1Google+ 0TwitterThe most confusing concept in whole TDS is “TDS on Salary” as readers always asked questions about the topic. In this article, we will cover all the topics related TDS on salary like how to deduct TDS on salary, how to calculate tds on salary, deposit TDS, submission of statements, time … Read more

Who is Liable to Deduct TDS for A.Y.2017-18

12shares 6Facebook WhatsApp 5Google+ 1TwitterAny persons responsible for making specified payment (check here specified payment) as prescribed in income tax are liable to deduct tax at source.  The obligation to deduct tax at source is upon the person responsible for paying the income/amount which is subject to TDS. What is the rate of TDS? Its … Read more

Section 194H – TDS on Commission & Brokerage

1shares 1Facebook WhatsApp 0Google+ 0TwitterA complete guide of section 194H – TDS on Commission and Brokerage for A.Y.2017-18. Who is Liable to Deduct TDS under section 194H? Any person who is liable to pay commission or brokerage shall deduct TDS. Here we will not talk about insurance commission. The TDS on insurance commission under section … Read more

Section 194G – TDS on Commission on Sale of Lottery Tickets

0shares 0Facebook WhatsApp 0Google+ 0TwitterA complete guide of Section 194G TDS on Commission etc. on sale of lottery tickets Who is Liable to Deduct TDS Under Section 194G? The persons who are paying any commission, remuneration or prize on lottery tickets to a person who has been stocking, distributing, purchasing or selling lottery tickets. What … Read more

Section 194EE – TDS on National Saving Scheme

0shares 0Facebook WhatsApp 0Google+ 0TwitterA complete guide on Section 194EE- TDS from Payment in Respect of Deposit under National Saving Scheme etc The person responsible for paying to any person any amount standing to the credit of such person under National Saving Scheme (to which section 80CCA was applicable) together with interest accrued thereon, shall … Read more

Section 194E – TDS from Payment to Non-resident Sportsman

0shares 0Facebook WhatsApp 0Google+ 0TwitterSection 194E – TDS from Payment to Non-resident Sportsman or Entertainer or Sports Association: If you are responsible to pay any amount in the way of income to any non-resident sportsman (including an athlete) who is not a citizen of India, you are required to deduct tax at source @ 20% … Read more

Section 194D – TDS From Insurance Commission

0shares 0Facebook WhatsApp 0Google+ 0Twitter194D – TDS from Insurance Commission – Quick Summary Person Responsible to Deduct Tax Insurance companies Exemption Limit Rs. 20,000 (Reduced to Rs.15,000 w,e,f, 01.06.2016) Time of Deduction of TDS At the time of payment or credit whichever earlier. Time for Deposit of TDS Within one week from of the day … Read more

How to Avoid TDS on FD Interest by Form 15G & 15H

0shares 0Facebook WhatsApp 0Google+ 0TwitterFirst of all you need to understand that tax has to be deducted at source by banks on your FD interest. The bank will deduct TDS on interest payment or credited on your fixed deposits. Now, the question is that is there any possibility to avoid TDS on your fixed deposits? … Read more

TDS on Contract Payments [A.Y. 2018-19] 194C – Up to Date

6shares 2Facebook WhatsApp 4Google+ 0TwitterThere is a duty of payer to deduct TDS u/s 194C on making of payment/credited to contractor. Contractor includes a sub-contractor. In this article we will discuss about the TDS deduction and related procedure on payment to contractors & sub contractors. The article is up to date with latest amendment as per … Read more

Section 194B & 194BB – Winning from Lottery, Puzzle, Game and Horse Races

0shares 0Facebook WhatsApp 0Google+ 0TwitterHere you get the complete detail about TDS from winning from lottery, crossword puzzle, card game etc under section 194B and 194BB TDS fom winnings from horse races. The article is up to date with latest amendment in finance act 2017. Click here for 194B – TDS from Winning from lottery, … Read more

Section 194A – TDS Interest other than Interest on Securities 2018-19

3shares 3Facebook WhatsApp 0Google+ 0TwitterHere we will discuss about the complete detail about TDS deduction on interest other than interest on securities u/s 194A. You can find here TDS rates, exemption limit, responsible persons, time of deduction, TDS returns, time limit for deposit TDS and more. Quick Summary Person Responsible to Deduct Tax All Assessee except … Read more

Income Tax and TDS Computation on Contract Based Employee

1shares 0Facebook WhatsApp 1Google+ 0TwitterWith the advent of globalization, many organizations now hire their workforce on contract basis. This means that the hired person is not a full-time employee of the company, rather the person is hired with a view to complete a certain task and then would be released or re-hired by the company … Read more

SMS Alerts to Increase TDS Transparency – A Good Initiative by CBDT

1shares 1Facebook WhatsApp 0Google+ 0TwitterTDS means tax deducted at source. The government collects taxes from the salary as a fixed percentage. The employer deducts TDS of the salaried class people. Employer deducts TDS from the taxable salary of the employee i.e. if an employee makes certain investments which qualify for deduction from income that an … Read more

Download Free e-book of TDS on Salary

2shares 1Facebook WhatsApp 1Google+ 0TwitterCBDT has published detail instruction PDF file for the guidance on TDS on Salary. Circular No.1/2017: Dated – 02-01-2017 F.No.275/192/2016-IT(B) For Financial Year: 2016-17 Download Here CBDT has released the e book on TDS amended up to Finance Act 2010. You can download it totally free because it made especially for … Read more