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Feb 1, 2023 · Rates of TDS applicable for Financial Year 2023-24 or Assessment Year 2024-25: Nature of Payment. Basic Cut off (Rs) Individual /Company and others New Rate %) If No Pan or Invalid PAN (Rate %) 192 – Salaries. Slab Rate. Slab Rates. 30%.
Sep 2, 2023 · TDS Rate: 30%. After that, there’s section 194BA for income from online games. TDS Rate: 30%. Finally, there is Section 194C for payment to the contractor/sub-contractor. TDS Rate: Individuals/HUF – 1%. TDS Rate: Others – 2%. These are just a few examples from the extensive TDS rate chart for FY 2023-24.
Jun 11, 2024 · TDS when Renting an NRI Property. Budget 2017 changed the rules for tax deduction at source on rent paid in India. Tenants paying rent on properties owned by NRIs are required to deduct 31.2% tax at source and submit the aggregate amount to the tax authorities. Upon payment, the tenant must fill in Form 15CA and submit it online to the income ...
TDS rate chart for FY 2023-24 (AY 2024-25) 1% (TDS is to be deducted at the rate of 1% of such sum paid or credited to the resident or the stamp duty value of such property, whichever is higher .) (b) Exceeding Rs. 20 lakhs (for those who have not filed an income tax return (ITR) for the last three years prior to withdrawing cash, and the tax ...
Apr 4, 2023 · TDS RATE CHART FY: 2023-24 (AY: 2024-25) Rs. Notes: Provided that where the tax is required to be deducted under section 194-O, the provisions of clause (iii) shall apply as if for the words “twenty percent”, the words “five percent” had been substituted. Provided further that where the tax is required to be deducted under section 194Q ...
However, you can also get a rebate of Rs 25000 under section 87A if you have a total income of up to Rs 7 lacs for FY 2023-24. So, that means an individual earning up to 7 lakh will not be required to pay any income tax from FY 2023-24 onwards. However, in the case of the old regime, the limit for rebate under section 87A is still 5 lakhs.
Dec 20, 2023 · Latest TDS Rate Chart. As we navigate through the intricate web of taxation, let's first glance at the latest TDS rate chart for the financial year 2023-24. This chart delineates the applicable rates for various transactions, shedding light on the nuanced aspects of TDS deductions. TDS Rate Chart FY 2023-24. Rates for tax deduction at source.
