How to view your Form 26AS?
Form 26AS can be downloaded from TRACES using the following steps: First, go to www.incometaxindiaefiling.gov.in Enter your Login Id (PAN), Password, Date of Birth (or year of incorporation) and the… Read more »
Category: TDS Rates
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 »
Interest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every… Read more »
Basic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting of data related to tax… Read more »
Fees for Late Filing of TDS Returns
Fees for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in fees on the deductor. If you delay… Read more »
Tips to avoid Defaults in TDS Returns
Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should be correctly applied. Tax needs to be deducted… Read more »