Tag Archives: TDS on salary

Failure to pay TDS collected can attract 7 year jail term: CBDT

Employers failing to pay the Government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years, the CBDT has said. Failure… Read more »

TDS and TCS Rates Chart for F.Y. 2015-16

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The TDS and TCS rates chart for the financial year 2015-16 has been given below: TDS rates for F.Y. 2015-16  Nature of Payment Made To Residents Cutoff (Rs.) Company / Firm… Read more »

CBDT circular on calculation of TDS on salary for FY 2014-15

CBDT has released Circular no. 17/2014 which contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2014-15 and explains… Read more »