Income Tax : Explore TDS rates for various incomes for FY 2024-25, including payments on salary, interest, winnings, rent, and more, applicable...
Income Tax : Article contain all benefit available to Small Businessmen including provisions for Presumptive Taxation Scheme, Various deduction...
Income Tax : A resident person is chargeable to tax in respect of his global income. If Income-tax Act enlarges the scope of taxable income of ...
Income Tax : Explore tax benefits available to individuals and HUFs for AY 2025-26, including exemptions, rebates, and allowances under various...
Income Tax : Learn about Tax Deducted at Source (TDS), its purpose, applicable payments, and the rates for various categories including residen...
Finance : Download Union Budget 2019-2020 / Finance Bill 2019 presented by Nirmala Sitharaman, Minister of Finance on July 5, 2019. THE FINA...
1) Who is responsible to deduct tax u/s 192A of Income Tax Act, 1961? Tax is to be deducted by the trustees of Employees’ Provident Fund Scheme, 1952 or any other person authorized under the scheme to make payment of accumulated sum to employees. 2) When to Deduct TDS under Section 192A? Tax is deductible […]
Simple TDS Rate Chart for Financial Year 2020-21 – Applicable from 14th May 2020 Kindly Note amended rates are been given on the basis of PIB Notification dated 13.05.2020 and on the date of Publication of this post no notification in this regard is been notified by the CBDT. Press release can be accessed at […]
TDS Rate Chart For Assessment year 2021-22 /Financial Year 2020-21 As we all are aware that yesterday our Honourable Finance Minister has conducted press release. In that press release she declared that The TDS rates for all non-salaried payment to residents, and tax collected at source rate will be reduced by 25 percent of the […]
Provisions related to TDS on withdrawal from Employees Provident Fund Scheme, 1952 under section 192A No TDS on withdrawal from EPF in following cases Transfer of PF from one account to another PF account. Termination of service due to III health of member /discontinuation of Business by employer/completion of project/other cause beyond the control of […]
The Employees Provident Fund (EPF) is a saving scheme introduced, under the Employees Provident Fund and Miscellaneous Act, 1952, with an aim to promote savings which can be used post-retirement of an employee. Section 192A was inserted vide the Finance Act 2015 applying the tax deduction at source (TDS) provisions in case of the premature […]
Article covers Exhaustive TDS Rate Chart along with the threshold limit for the financial Year 2019-20 / Assessment Year 2020-21 after considering Amendment in TDS law proposed by Union Budget 2019. Readers are requested to note that Chart is been further updated to remove Discrepancies in Section 194I. (At 13.00 PM) Relevant Section Nature of […]
I.Rates of income-tax in respect of income liable to tax for the assessment year 2019-20 (Financial Year 2018-19). In respect of income of all categories of assessees liable to tax for the assessment year 2019-20, the rates of income-tax have been specified in Part I of the First Schedule to the Bill. These are the […]
Download Union Budget 2019-2020 / Finance Bill 2019 presented by Nirmala Sitharaman, Minister of Finance on July 5, 2019. THE FINANCE (NO.2) BILL, 2019. Download Finance Bill 2019-2020 as presented in Lok Sabha FULL TEXT OF THE THE FINANCE (NO.2) BILL, 2019 IN TEXT FORMAT IS AS FOLLOWS:- BILL No. 55 OF 2019 THE FINANCE […]
All TDS rate Chart (192 to 195) applicable from Financial year 2019-20 (AY 2019-20) for payments made to persons resident/ non resident in India (Individuals, Firms, Companies, etc.) along with threshold limit, applicability for resident or non resident, TDS rate, non deduction of TDS and point of time of deduction. Section Nature of Payment for […]
What is TDS? TDS stands for Tax Deduction At Source. It means that when an Individual/Organization/persons making the specified payment which are mentioned under Income Tax Act, 1961 to another person than that Person (who is making the payment) has to deduct the TDS when the amount of the payment exceeds the threshold limit. Such […]
