Tag:
TDS
Columns
Your Employer Can’t Deduct More Than This Amount Of TDS From Your Salary
TDS on salary is calculated based on the employee's estimated annual taxable income. The employer must consider the following while determining the TDS amount:Basic...
Columns
Understanding TDS on Legal Fees: Section 194J
Yes, Tax Deducted at Source (TDS) is applicable on legal fees in India under Section 194J of the Income Tax Act, 1961.This provision mandates...
Direct Tax
Know All Changes In TDS Provisions Effective from 1st April 2025
The Income Tax Department has announced significant changes in the Tax Deducted at Source (TDS) provisions, set to take effect from April 1, 2025....
Notification
New TDS Rules: CBDT Notifies Changes in Form 26Q
The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Seventh Amendment) Rules, 2025 which further amend the Income-tax Rules, 1962 by adding...
Direct Tax
TDS Threshold Increased From April 2025: Check New Limits
The Budget 2025 proposed to hike the threshold limit of Tax Deducted at Source (TDS) to Rs 10,000 in a financial year (FY). In other...
Direct Tax
FM Proposes TDS Or TCS Rationalization For Easing Difficulties, But Higher TDS Applicable For Non-PAN Holders
The Union Finance Minister Nirmala Sitharaman presented a record 8th consecutive Union Budget by which the FM proposed TDS Or TCS rationalization for easing...
Direct Tax
TDS Rate Changes Effective October 1, 2024
Section 194DA – TDS Rate Changes on Life Insurance Policy PayoutsSection 194A – TDS Rate Changes on Interest from Mutual Funds and Unit Trust...
Direct Tax
Employee Or His Legal Heirs Can’t Be Held Liable For TDS Non-Deposit: Delhi High Court
The Delhi High Court has held that the employee or his legal heirs cannot be held liable for the non-deposit of TDS.The bench of...