TDS Rate Chart (FY 2024-25; AY 2025-26)
Author CA Aman Rajput, presented the TDS rate chart for FY 2024-25; AY 2025-26 in the table below.
Tag: TDS
Everything about new TDS section 194T
All about New TDS Section 194T coming into effect from 01.04.2025
Webinar: TDS Rates & Compliance in Income tax
OTU is organising a webinar on TDS rate and compliance in income tax.
Notification no. 3/2025 dated 02.01.2025- Income tax
CBDT issued notification no. 3/2025 dated 02.01.2025 , vide which the Central Government specifies that no deduction of tax shall be made under the provisions of section 194Q of the said Act by a person, being a buyer, in respect of purchase of goods from a Unit of International Financial Services Centre, being a seller, subject to the conditions as stated in the notificaiton.
TDS relief for salaried: From January 1, 2025 TDS statement will reflect the net TDS/TCS benefit on eligible income
From October 1, 2024 the government has made it mandatory for employers to give benefits of TDS/TCS deducted on non-salary income while computing TDS to be deducted from salary. Adjustment of tax already paid through TDS/TCS on non salaried income while deducting TDS against salary can bring down TDS liability for a salaried employee. This amendment was introduced to reduce the incidence of extra TDS being deducted from salary income. While the law was already implemented, the necessary back end technical infra updation took time.
After D Gukesh’s win, people congratulate the Income Tax department: ‘TDS-Tax deducted by Sitharaman’
D Gukesh made history on Thursday by becoming the youngest-ever World Chess Champion at just 18, defeating China’s reigning titleholder, Ding Liren. While the nation celebrates his victory – highlighted by viral moments of him embracing his father and earlier videos where he shared his dream of becoming the youngest World Chess Champion – there is one section of people offering congratulations to the Income Tax Department !
How can tenants of NRIs apply for TDS reduction?
Under what circumstances a tenant whose landlord is a non-resident Indian (NRI) can apply for a reduction in tax deducted at source (TDS) on rent and what are the documents needed to support the application?
TDS deposit rules for employers relaxed from today (Oct 1)
In a major relief to the employers, the Centre has relaxed the rules for companies of depositing the Tax Deducted at Source (TDS) on salaries of employees. Employers will now have more time to deduct Tax Deducted at Source (TDS) from employees’ salaries starting from October 1, 2024. The revised rule allows employers additional time to submit TDS filings to the government beginning October 1.
TDS deposit rules for employers relaxed from Oct 1, 2024: Does this put employee’s TDS credit at risk?
The government has relaxed the rules related to companies depositing the TDS from salaries of employees. These rules relate to the time limit within which companies or deductors have to deposit TDS (deducted from payments made by them) with the government before the prosecution notice is sent. Normally, the due date for deposit of TDS with the government is the 7th of the month following the month in which it is deducted.
CBDT relaxes provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar
The Central Board of Direct Taxes (CBDT) has relaxed provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar.