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Feb 11, 2023 · TDS Rate Chart for FY 2023-2024 (AY 2024-2025) – Get complete details on Budget 2023 Amendments, Nature of Payment & Threshold Limits. Tax Deduction at Source (TDS) now at 3 crore limit for co-operative societies.
Jul 4, 2024 · TDS threshold for deduction of tax on rent is Rs 2,40,000 for the FY 2024-25 (the threshold limit was Rs. 1,80,000 until FY 2018-19). Also, individuals and/or HUFs who are subject to tax audit are under an obligation to deduct the tax at source.
Jun 10, 2024 · The following tables list the various TDS rates applicable to resident and non-resident payments as well as TDS rates on domestic and foreign companies in India. Any person paying income is responsible to deduct tax at source and deposit TDS within the stipulated due date.
Jan 16, 2024 · As per Section 194-I of the Income Tax Act, 1961, TDS on rent is applicable when the annual rent paid or payable exceeds Rs. 2,40,000. TDS on rent applies to individuals or Hindu Undivided Families (HUFs) who are not liable to tax audit under Section 44AB of the Income Tax Act. Section 194I.
Feb 14, 2024 · Frequently Asked Questions. Q - What is the TDS Rate for Rent in F.Y. 2023-24? If the annual rent paid is more than 2,40,000, TDS is applicable. Q - Who is eligible for paying TDS? Any person whose total income exceeds the basic exemption limit and falls under the taxable bracket is eligible for paying TDS. Q - Can I get a TDS refund?
Feb 24, 2024 · In this page we have embedded the latest TDS rate chart for FY 2023-24 which is published by the Income Tax department containing TDS section list, threshold limit and rate for all type of payments.
TDS rate chart for FY 2023-24 (AY 2024-25) To top. TDS on payments to Non-Resident. Tds u/s 195 is deducted on payments to be made to Non-Resident. There is no threshold limit under section 195 of the Income Tax Act, hence TDS will be deducted from the entire income/amount. TDS shall be deducted at the time of making payment.
Mar 29, 2024 · This comprehensive TDS rate chart for FY 2024-25 provides detailed information on thresholds, rates, and applicable sections for different types of payments. Also Read: Everything about TDS Return Filing. Notes: 1. As per Section 192A TDS rate on PF withdrawal for employees without PAN reduced to 20% from the maximum marginal rate. 2.
Jul 25, 2023 · Updated TDS Rate Chart for FY 2023-24 (AY 2024-25). Find the latest rates for tax deduction at source for various transactions. Easy-to-understand guide.
Apr 4, 2023 · TDS Chart for the Financial Year 2023-24. Download the Latest TDS Rate chart for FY: 2023-24 / AY: 2024-25 in PDF file.
