TDS on Salary: Section 192 of the Income Tax Act, 1961
Section 192 says that every person who is responsible for paying any income chargeable “Under The Head Salary” is required to deduct TDS
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TDS
Section 192 says that every person who is responsible for paying any income chargeable “Under The Head Salary” is required to deduct TDS
Last year from 1st July 2020, the government had introduced a new TCS provision u/s 206C(1H). This section was for “seller of goods” on receipts/advance from/for sale of goods, exceeding Rs. 50 Lakhs as a consideration during the financial year. …
TDS Rates For AY 2022-23 has changed and will apply for the whole year (subject to any change by the government)
U/s 194Q TDS shall be deducted by the eligible buyer of the goods at the rate of 0.10% of such sum exceeding Rs. 50Lakh.
TDS Rates For FY 2021-22 has changed and will apply for the whole year (subject to any change by the government)
TDS and TCS Rates For FY 2021-22 have changed and will apply for the whole year (subject to any change by the government)
In FY 2020-21, the government has announced a package of Rs. 20 Lakhs crore in which TDS rates were revised and cut by 25%. For this, the effective dates were 14 May 2020 and it remained applicable till 31st March …
In FY 2020-21, the government has announced a package of Rs. 20 Lakhs crore in which TDS rates were revised and cut by 25%. For this, the effective dates were 14 May 2020 and it remained applicable till 31st March …