Tax Deduction at SourceThough Tax is payable in the Assessment Year, Government collects tax on certain payments to safeguard its interest on revenue. Assessee can claim credit of such already deducted tax at the time of filing their returns. The compliance of Tax Deduction at Source (TDS) generally lies with the person making the payment. However, in certain cases, person receiving the income has also been assigned to comply with TDS provisions.
Though Tax is payable in the Assessment Year, Government collects tax on certain payments to safeguard its interest on revenue. Assessee can claim credit of such already deducted tax at the time of filing their returns. The compliance of Tax Deduction at Source (TDS) generally lies with the person making the payment. However, in certain cases, person receiving the income has also been assigned to comply with TDS provisions.
TDS on Insurance Commission [Section 194D]
Learn about TDS on insurance commission under Section 194D. Find out when TDS is deducted, the current rate, and how to file returns.
Read MoreKnow about TDS on Payments to Contractors and sub-contractors [Section 194C]
Learn about TDS on payments to contractors under Section 194C. Find out who deducts TDS, when it's due, and the applicable rates.
Read MoreKnow about TDS on Interest other than Interest on Securities [Section 194A]
Learn about TDS on interest income! Section 194A covers interest, not securities. Find out when TDS applies, limits, exemptions, and how to file.
Read MoreTDS on Payment of Dividends [Section 194]
Companies face a 15% tax on dividend payouts. However, individuals receiving dividends from domestic companies don't pay tax. TDS applies only to "deemed dividends" exceeding ₹2,500, taxed at 10%. Learn more about this complex tax rule!
Read MoreKnow about TDS for Interest on Securities [Section 193]
Interest on securities in India is taxable. Learn about TDS rules, exemptions, and how to file returns. Get informed about your tax liability!
Read MoreKnow about Deduction of TDS on Salary
Learn about TDS on salaries in India! This article breaks down Section 192 of the Income Tax Act, covering deduction rules, payment deadlines, and key points for employers and employees.
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