TDS / TCS Rate Chart Tax Year (FY: 2026-27)
With the new Income-tax Act (applicable from tax year 2026–27), TDS / TCS provisions are consolidated into a few sections (mainly Section 393), with rates specified through tables. Each table… Read more »
Category: TDSMAN Software
Tax on Salary Income – Old Regime vs New Regime
As it seems evident, gradually the ‘Old Regime’ for computing income tax is being phased out, from FY:24-25, each tax payer has been placed in the ‘New Regime’ for taxation…. Read more »
Late Payment Intimation – reasons & how to resolve?
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… Read more »
Section 276B: Failing to remit Tax Deducted at Source (TDS)
Section 276B of the Income Tax Act, 1961, addresses the consequences for failing to remit Tax Deducted at Source (TDS) to the Central Government within the prescribed timeframe. This provision… Read more »
TDS / TCS Compliance Reminder for March 2026
7th March 2026 – Due date for TDS / TCS payment for deductions / collections during February 2026 *Please ensure timely compliance to avoid interest and/or penalties Use TDSMAN Software to file seamless… Read more »
Section 206C(1F): TCS on Sale of Motor Vehicles and Luxury Goods
Section 206C(1F) of the Income Tax Act, 1961 requires sellers to collect tax at source (TCS) on the sale of motor vehicles exceeding a prescribed threshold. Effective from 1st April 2025,… Read more »