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- Dictionarywithholding/wɪðˈhəʊldɪŋ/
noun
- 1. refusal to give something that is due or desired: "the withholding of consent to treatment"
adjective
- 1. not expressing affection or warmth of feeling: "the guy is a withholding type"
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May 23, 2024 · Withholding tax is withheld or deducted from certain types of income, such as wages, dividends, interest, and royalties, when they are paid to the recipient (non-resident individual). The purpose of withholding tax in India is to ensure that the government receives a portion of the income tax owed by the recipient.
May 29, 2024 · Withholding is the portion of an employee's wages that is not included in their paycheck but is instead remitted directly to federal tax authorities and, where...
Jan 15, 2024 · Withholding tax refers to an obligation wherein a payer must withhold tax when payments are made for commission, rent, professional services & salary. Know more at 5paisa.
Nov 4, 2017 · to refuse to give something or to keep back something: to withhold information / support. During the trial, the prosecution was accused of withholding crucial evidence from the defence. Police are withholding the dead woman's name until her relatives have been informed. She withheld her rent until the landlord agreed to have the repairs done.
Oct 28, 2024 · Withholding tax is income tax withheld from an employee's wages and paid directly to the government by the employer. Tax withholding counts toward annual taxes...
Withholding tax refers to the amount withheld when making a payment. The amount so withheld is then remitted to the Government of India. While TDS is synonymous with payments in India, withholding tax is a term that is more common when it comes to cross-country payments.
Nov 9, 2022 · Withholding tax refers to the paying entity’s obligation to withhold a sum of money as tax while paying for the services availed from a non-resident Indian. The paying entity could be an Indian individual or company that avails services in exchange for monetary compensation.
Apr 24, 2024 · Tax withholding is the amount which is directly deducted by an employer from the employee’s earnings for taxes. Further, these deductions go to the central government as tax liability from earners. How much tax you pay depends on your income. Yet, payable income tax depends on your residential status. You can be either of the two: Resident Indian.
Nov 26, 2023 · Define Withholding Tax in Simple Terms. A Withholding tax is an amount of money that an employer withholds from an employee's salary and pays directly to the government. This amount is then considered a credit against the employee's income taxes for that year.
Jun 8, 2020 · Withholding tax, in essence, is an obligation on the payer (an Indian individual or company who has sought the services of the non-resident individual) to withhold a certain amount as tax, while initiating the payment for the services received, such as contract, professional services, salary, commission, rent, etc.
