TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)
TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature… Read more »
Category: Income Tax
TDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial Year
From Financial Year 2013-14 (AY: 2014-15), while preparing the employee details to file TDS Returns (Form 24Q) in the 4th quarter (Jan-Mar), a provision has been made to separate out… Read more »
TDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial Year
From Financial Year 2013-14 (AY: 2014-15), while preparing the employee details to file TDS Returns (Form 24Q) in the 4th quarter (Jan-Mar), a provision has been made to separate out… Read more »
Details required for registration with TRACES for TDS Deductor & Tax Payer
The following details are required for registration with TRACES: For Deductors Step-1: TAN of Deductor Step-2: 1. Token Number of the regular statement corresponding to the Financial Year, Quarter and… Read more »
How can foreign deductees without PAN avoid higher TDS?
NRI’s and foreign companies need to furnish PAN details or else they have to pay higher TDS rates. However, they can avoid higher TDS in absence of PAN card, by… Read more »
TDS Computation When an Employee Works for 2 Companies (Employers) in a Financial Year
There are 2 types of scenarios in which an individual may be working for more than one employers in a financial year. they are as follows: • When he changes… Read more »