TDS is a specific amount that is deducted when a certain payment like salary, commission, rent, interest, professional fees, etc. is made.The TDS rates are set on the basis of the age bracket and ...

Among the key updates, approved as part of the Finance Bill, are adjustments to Tax Deducted at Source (TDS) rates. The revisions include the removal of the 20% TDS on mutual fund repurchases, the ...

It is mandatory that the TDS returns are submitted on time by the deductors. Filing of TDS returns can be completed online. Once the TDS returns have been submitted online, the details will come up on ...

These changes include multiple adjustments to Tax Deducted at Source (TDS) rates, intended to simplify the tax system and offer relief to taxpayers. Among the key revisions in the Finance Bill 2024 ...

TDS rules: 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 ...

In Budget 2024, it was announced that starting from October 1, 2024, tax deducted at source (TDS) will be deducted at a 10% rate from specified central and state government bonds, including floating ...

Form 12BAA to reduce TDS from salary: The Central Board of Direct Taxes has notified a new form called Form 12BAA. The new form notified by the CBDT will help an employee to tell the employer about ...

Starting October 1, new tax rules in India have reduced TDS rates from 5% to 2% for payments related to life insurance policies, lottery ticket sales, certain rents, and specific sums paid by ...

These updates, announced during the Union Budget 2024, aim to streamline tax processes and provide relief in certain areas while introducing stricter measures in others. Here’s a breakdown of all the ...

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Copyright 2024 The Associated Press. All Rights Reserved. Minnesota Vikings wide receiver Justin Jefferson (18) catches a pass over Houston Texans cornerback Derek ...