Section 194I: An Overview of TDS on Rent
Section 194I of the Income Tax Act outlines the rules for deducting TDS on rent. This provision primarily applies to those paying rent for properties, machinery, or other assets, ensuring… Read more »
Category: TDS Rates
Reduction / Optimization of TDS Rates W.E.F. 1st October ‘24
Effective from 1st October 2024, Tax Deducted at Source (TDS) rates have been reduced. These are part of the government’s ongoing efforts to simplify tax compliance and minimize the financial… Read more »
TDS on Purchase of Immovable Property (Section 194-IA)
Starting from 1st October 2024, significant changes are being introduced in the rules on TDS on the purchase of immovable property under Section 194-IA. These changes are particularly relevant for… Read more »
Budget 2024-25 | TDS / TCS – proposed changes
In the recently announced Budget on 23rd July, 2024, there are quite a few proposals related to TDS / TCS. These have been summarized in this article. Highlights: Reduction /… Read more »
TDS / TCS Rate Chart FY: 2024-25 (AY: 2025-26)
TDS RATE CHART FY: 2024-25 (AY: 2025-26) Section Nature of Payment Threshold Indv / HUF Others Rs. TDS Rate (%) 192 Salaries – Slab Rate Slab Rate 192A Premature withdrawal… Read more »
TDS / TCS Rate Chart FY: 2023-24 (AY: 2024-25)
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… Read more »