TDS is to be deducted at the rate of 10%. If
the recipient of income doesn’t furnish his PAN to deductor, then TDS is to be deducted
@ 20%. No surcharge, education cess or SHEC will be added to the basic
rates.
You have to calculate the amount of tax after availing benefits of deduction u/s 89 of the Act and submit Form No. 10E online on the I-T website. You must keep your salary slip safely as proof for the arrears/advance. After submitting this form, you ...
TDS stands for 'Tax Deducted at Source'. The purpose of TDS is for the government to collect tax at the source from where a taxpayer’s income is generated. TDS is used as a tool to minimise tax evasion by taxing a part (or whole) of the income at the ...
TDS means any tax is deducted on your income/ receipts. You can find these details in Form 26AS. By uploading Form 26AS these data will be automatically filled up. TAN(Tax deduction and Collection account number)= You will get this at the form 16 or ...
There are different TDS rates described in different sections of the Income Tax Act, depending on the type and manner of the payment. TDS is deducted by estimating the likely tax amount on your income as per the slab rates currently prevailing for ...
All the details regarding TDS at every source of income throughout the year, the amount of tax deducted and deposited in the person's name/PAN is available in Form 26AS.