TDS on Employee Provident Fund or EPF withdrawals – Section 192A
Finance act 2015 has inserted a new section 192A in Income Tax Act 1961 related to the payment of accumulated balance from employee provident fund or EPF account
Recent posts on Tax Deducted At Source -TDS
Learn how to deduction TDS, Deposit with department and its timing of deposit. Various forms and other relevant tips for TDS are also listed under this section.
TDS on Property Sale in India – Section 194IA
Mr. P Chidambaram has introduced section 194IA in the budget 2013-2014. With the introduction of section 194IA, TDS at the rate of 1% is to be deducted on
Section 192 – TDS on salary
Employers including an individual or HUF who are responsible for paying any salary to any of their employee has to compulsorily deduct TDS from salary paid, if such
Losses and other incomes that can be disclosed to employer for TDS
As per section 192 of income tax act, an employee may furnish particulars of other incomes to employer that he has incurred during the financial year. While disclosing,
Section 194B and Section 194BB – TDS on Winning from lottery or crossword puzzles or horse race
Section 194B deals with deduction of TDS in the case of winning from lottery or crossword puzzles and section 194BB is for TDS deduction in case of winning
Section 193 – TDS from Interest on Securities
Section 193 is applicable to interest on certain specific securities from which TDS has to be deducted at the time of payment or credit to the books of
Section 194J – TDS on Professional Fees or Technical Services
As per section 194J of Income tax act 1961, a person is required to deduct TDS @ 10% on following payments paid to a resident in excess of
TDS under section 194D – Insurance Commission
Section 194D deals with TDS on insurance commission. It’s applicable to any person responsible for paying any income to a resident by way of remuneration or reward, whether
TDS under section 194H – Commission or brokerage
TDS under section 194H is applicable to the person paying commission or brokerage to a resident exceeding Rs. 5, 000 per annum. Tax at Source has to be
TDS on contracts – Section 194C of income tax act, 1961
Any person responsible for making any payment to a resident contractor for a contact to carry out any work or in connection to a contact for carrying out