TDS RATE CHART FY: 2023-24 (AY: 2024-25) Section Nature of Payment Threshold Indv / HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature withdrawal from EPF 50000 10 – 193 Interest on Securities 10000 10 10 194 Dividends 5000 10 10 194A Interest (Banks) 40000 10 10 194A Interest (Others) 5000 […]
Author: TDSMAN
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2023-24). Now you can prepare TDS Returns for all quarters of FY: 2022-23 and FY: 2023-24. It covers: All TDS/TCS Returns for FY: 2023-24 All TDS/TCS Returns for FY: 2022-23 Pending TDS/TCS Returns of earlier years, if any Rectification of TDS Defaults Error Free […]
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Allocation of Interest in TDS Returns
For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan / Book Entry similar to TDS payments. While preparing TDS Returns, one needs to ‘allocate’ the interest component from each Challan. Unless this is explicitly not allocated / specified, the Department […]
7th October 2022 – Due date for TDS/TCS payment for deductions/collections during September 2022 15th October 2022 – Due date of filing TCS Return for Quarter 2 of Financial Year 2022-2023 30th October 2022 – Due date of issuing TCS certificate for Quarter 2 of Financial Year 2022-2023 31st October 2022 – Due date of filing TDS Return for Quarter 2 of Financial Year 2022-2023 *Please ensure timely compliance to avoid interest and/or […]
In the TDS Return filed, the intimation for Late Payment can be received for the following reasons: Case #1: There was a delay in payment of TDS dues for which interest was not paid before filing TDS Return Case #2: The interest component was present in the Challan, but the ‘interest was not allocated’ Case […]
7th September 2022 – Due date for TDS/TCS payment for deductions/collections during August 2022 *Please ensure timely compliance to avoid interest and/or penalties Use TDSMAN Software to file seamless & error-free TDS/TCS returns, without any professional help. Tax on Salary – Popular Exemptions & Deductions