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 »
Category: TDS Sections
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 at Higher Rates for Non-filers of IT-Return
Note: Effective FY: 2025-26, as per the Union Budget, removal of Higher TDS/TCS Rates for Non-Filers [Section: 206AB & 206CCA]. 1. Section 206AB Applicability: This shall be effective from 1st… Read more »
Sections under which interest for various delays/ defaults need to be paid
The sections under which interest for various delays/ defaults need to be paid are as follows: Section 234A for delay in filing the return of income Section 234B for default… Read more »