WebTDS Rates for Financial Year 2024-22(A.Y.2024-23) Section Nature of Payment Threshold Limit Rs. Individual /Huf % Others % 192 : Salaries: As per Slab [Please note that no … Web3 hours ago · Q1. Which Option is better for salaried Person for FY 23-24. Ans: Any of the Tax regime is better for salaried person till Annual salary (CTC) of Rs 10 lakhs so can opt any new tax regime both are better. However, after Rs 10 Lakh Annual Salary (CTC) Old tax regime is only better because of allowance and deduction available under this regime.
TCS & TDS Rate chart for the FY 2024-22 (AY 2024-23)
WebJul 11, 2024 · Given below are the TDS and TCS rates effective for FY 2024-22. 20 Apr, 2024, 12:02 PM IST. Breaking down the budget, from an NRI's point of view. The raising of the tax audit limit for NRIs from Rs 5 crore to Rs 10 crore is a welcome step. Even so, the TDS rules continue to be a major pain point for NRIs. WebNov 28, 2024 · TDS stands for Tax Deducted (or withheld) at Source. As per Section 194Q, the income tax department mandates any company or individual to deduct tax at the source if the payment exceeds Rs. 50 lakhs for the purchase of goods and services, like rent, consulting, legal fees, royalty, technical services, etc. grif14.freehat.cc 308
TDSMAN - TDS Software for TDS return filing with Free Trial
WebApr 27, 2024 · Click here to download the list of TDS & TCS Rate Chart for FY: 2024-23. 1. Surcharge is not deductible on payments made to residents, other than salary. 2. In case of non-resident, surcharge would be applicable on TDS. *Disclaimer – Efforts have been made to provide correct information. WebNov 11, 2024 · The difference between TDS and TCS can be drawn clearly on the following grounds: TDS implies the amount deducted from the recipient’s income in the form of tax. TCS refers to an amount … WebApr 19, 2024 · Further, to ensure filing of return of income by the person who has suffered a reasonable amount of TDS/TCS, the rate of deduction or collection of tax has been … griezmann returns to atletico