Search results
Oct 4, 2024 · TDS Rates in India. 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.
Mar 29, 2024 · It’s important that businesses know the applicable rate, TDS section and exempt limit for each nature of payment. This comprehensive TDS rate chart for FY 2024-25 provides detailed information on thresholds, rates, and applicable sections for different types of payments.
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.
Jan 16, 2024 · The amount of payment upto which no TDS required is called the threshold limit. Only if the payment exceeds the prescribed limit, then TDS provisions will be applicable. For example, as per the provisions of Section 194J, no TDS required to be deducted if payment of professional fees do not exceed Rs, 30,000/-.
Aug 30, 2024 · 3.2 Related. Below is table of Revised TDS rates applicable from 1 October 2024: Complete TDS Rates Chart applicable for F.Y. 2024-25 & AY 2025-26 with changes. Rates for tax deduction at source* [For Assessment year 2025-26] * The rate of TDS shall be increased by applicable surcharge and Health & Education cess.
Jun 1, 2015 · For the purposes of this section "specified person" means a person who has not filed the returns of income for both of the two assessment years relevant to the two previous years immediately prior to the previous year in which tax is required to be deducted, for which the time limit of filing return of income under sub-section (1) of section ...
Average rate of Tax + Health & Education Cess (Surcharge if Salary > 50 Lacs) TDS as per Tax Regime selected by employee. If not selected, TDS deduction as per New Regime.
Oct 24, 2024 · Starting from April 1, 2025, if a firm makes any payments to its partners, it must deduct TDS at 10% if the payment amount exceeds the threshold limit of 20,000. These payments include salary, remuneration, bonus, commission, and interest. Note: TDS is not applicable to the drawings and the capital repayment to the partners.
Feb 24, 2024 · TDS Rates are higher for companies than for Individuals; TDS Rates are higher for foreign companies than domestic companies; TDS is charged at a higher rate when PAN is not submitted. Threshold Limits: TDS is applicable when the payment exceeds a specified threshold limit. The threshold is based on the aggregate of yearly payments to be made.
Feb 5, 2022 · TDS Rate Chart for FY 2022-2023 (AY 2023-2024) including Budget 2022 Amendments. Tax Deduction at Source (TDS) is one of the important compliances for Income Tax Assessee. There are various sections in Income Tax Law, which specify different TDS rates, nature of payment & its threshold limits for TDS.
