Tax rates for various sections.
Verification of latest FVU version at the time of validation of e-TDS/TCS statement. The Challan Status Inquiry (CSI) file downloaded from TIN website will contain the current FVU version. While validating e-TDS/TCS statement through RPU, verification of FVU versions (i.e. the FVU version present in the CSI file and the version of FVU used for…
We have compiled the TDS/TCS Rates for FY: 2017-18 in a printable PDF format. This could serve as handy ready reckoner. Click here to download.
TDS RATE CHART FY: 2017-18 (AY: 2018-19) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature withdrawal from EPF 50000 10 – 193 Interest on Securities 10000 10 10 194 Dividends 2500 10 10 194A Interest (Banks) 10000 10 10 194A Interest…
1.Deduction of tax at source in the case of certain Individuals and Hindu undivided family The existing provisions of section 194-I of the Act, inter alia, provide for deduction of tax at source at the time of credit or payment of rent to the account of the payee beyond a threshold limit. It is further…
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.4 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.150 – For statement up to FY 2009-10 Please click on “Update Software” in “Utilities” menu to update software and FVU ver. 5.4 & FVU ver. 2.150 utilities. Click here…
Validation for non-update of Deductee/Collectee records from Annexure I and Annexure ll in TDS/TCS correction statements when Form 26A/27BA has been generated. Deductee/Collectee against which Form 26A/27BA has been generated at Income Tax Department where update will not be allowed on certain fields in Annexure I of Form 24Q, 26Q and 27EQ while submitting correction statement….
Validation for PAN of Landlord field has been revised for form 24Q-Q4 under Annexure II (i.e. Salary details) from F.Y. 2016-17 onwards. Existing Validation of structurally valid PAN (for field no. 41, 43, 45 and 47 as per data structure) has been relaxed. These fields may contain any value from the below mentioned when the landlord does not…
Salary income: Employer deducts TDS on total income, including income other than salary after taking into account all deductions and exemptions. This saves the individual the hassle of paying tax himself. TDS rate: As applicable to individual based on his income and deductions. Interest income: TDS is deducted by banks on FDs and RDs if…
TDS Rates for FY: 2016-17 (Domestic) Nature of Payment Made To Residents Threshold(Rs.) Company / Firm / Co-operative Society / Local Authority Individual / HUF If No / Invalid PAN Section – Description IT Rate (%) IT Rate (%) IT Rate (%) 192 – Salaries – NA Average rates as applicable 30 192A – Payment…
TDS Rates for FY: 2016-17 (Domestic) Nature of Payment Made To Residents Threshold(Rs.) Company / Firm / Co-operative Society / Local Authority Individual / HUF If No / Invalid PAN Section – Description IT Rate (%) IT Rate (%) IT Rate (%) 192 – Salaries – NA Average rates as applicable 30 192A – Payment…